TORONTO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX FC, FC.DB.F, FC.DB.G, FC.DB.H, FC.DB.I, FC.DB.J, FC.DB.K and FC.DB.L) released its financial statements for the three and six months ended June 30, 2022. NET INCOMEFor the three months ended June 30, 2022, net income increased by 11.6% to $8,237,900 as compared to $7,378,455 reported for the same period in 2021. Income for the six months ended June 30, 2022, increased by 9.6% to $16,0
MARKHAM, Ontario, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three and six months ended June 30, 2022. Results are presented in Canadian dollars unless otherwise noted. Second Quarter Highlights Completed the previously announced sale of the retirement living segment, realizing estimated net proceeds of approximately $128.0 million.Levels of community transmission of COVID-19 trended lower throughout the quarter,
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Demand for its vaccine is also waning in the United States, where it was authorized for use among adults last month and was expected to be preferred by the skeptics of messenger RNA-based shots from Moderna Inc and Pfizer Inc. But only 7,381 Novavax vaccine doses have been administered so far in the country and Chief Executive Stanley Erck said that its late launch could have hampered demand. Novavax shares fell 29.6% to close down at $40.28 a share.
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Large shifts in the composition of the U.S. workforce in the wake of the COVID-19 pandemic have made it harder to measure underlying productivity growth, which some economists put at about 1.0% or less, making the Federal Reserve's fight against inflation more difficult. Unit labor costs - the price of labor per single unit of output - rose at a 10.8% rate.
MONTREAL — WSP Global Inc. is extending its buying streak, as the Montreal-based engineering giant announced its sixth acquisition in 10 weeks. The company said Monday after markets closed it has reached a roughly $975-million deal to purchase RPS, a consulting firm based in the United Kingdom with about $875 million in annual revenue and 5,000 employees worldwide. The 52-year-old outfit focuses on climate change and energy consulting, an area where WSP has recently broadened its footprint. In J
CALGARY — Suncor Energy Inc. says its Commerce City refinery in Colorado is back up and running after an equipment malfunction earlier Monday. Suncor spokeswoman Mita Adesanya said the malfunction caused the safety system within one of the units at the refinery to activate. She said the system worked as designed, shutting down the equipment to prevent any further disruption to operations. Suncor sent out an alert Monday morning warning residents in the area that the temporary shutdown could resu
(Reuters) -Swiss duty-free retailer Dufry said on Tuesday it saw strong sales momentum continue in July despite the soaring inflation, after its turnover more than doubled in the first six months of the year. The Basel-based group posted a 146% rise in turnover to 2.92 billion Swiss francs ($3.06 billion) in the January to June period, corresponding to 75.5% of the pre-pandemic 2019 levels in constant currency. Chief Executive Officer Xavier Rossinyol, who took over the role from June 1, said the strong momentum had continued into July, when it reached around 90% of 2019 turnover levels.
Toshiba Corp on Wednesday posted an unexpected operating loss in the April-June first quarter as it grappled with a global chip shortage and a sharp rise in costs for raw materials. Higher material and logistics costs pushed down its operating earnings by 9.4 billion yen, while a chip shortage had a negative impact of about 3 billion yen, the company said. Bain Capital, CVC Capital Partners and Brookfield Asset Management as well as a consortium involving state-backed Japan Investment Corp and private equity firm Japan Industrial Partners have been selected by Toshiba to proceed to a second bidding round.
i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to report its operating and financial results for the three and six months ended June 30, 2022. i-80's Consolidated Financial Statements ("financial statements"), as well as i-80's Management's Discussion and Analysis of Operations and Financial Condition ("MD&A") for the three and six months ended June 30, 2022, are available on the Company's website at www.i80gold.com, on SEDAR at www.sedar.com, and on EDGAR at www.s
(Reuters) -Roblox Corp missed estimates for quarterly bookings on Tuesday, in yet another sign the gaming industry is facing a slowdown after a pandemic-fueled boom, sending shares of the gaming platform down around 19% in extended trading. Roblox's downbeat results come as firms ranging from console makers and chip makers to video game publishers warn of a slowdown in the gaming world as red hot inflation hammers discretionary spending, challenging the idea of a "recession proof" industry. The California-based Roblox, famous for its games "Jailbreak" and "MeepCity", posted net bookings of $639.9 million in the second quarter, compared with $665.5 million a year earlier.
KYIV, Ukraine (AP) — Russia and Ukraine traded accusations Monday that each side is shelling Europe's biggest nuclear power plant in southern Ukraine. Russia claimed that Ukrainian shelling caused a power surge and fire and forced staff to lower output from two reactors, while Ukraine has blamed Russian troops for storing weapons there. Nuclear experts have warned that more shelling of the Zaporizhzhia nuclear power station, which was captured by Russia early in the war, is fraught with danger.
TORONTO — Martinrea International Inc. says it had net income of $25.5 million for the quarter ending June 30, up from $24 million for the same quarter last year. The automotive parts manufacturer says adjusted net income was also $25.5 million, which worked out to 32 cents per share, while adjusted net income last year was $27 million or 34 cents per share. The Toronto-based company says total sales were $1.11 billion, up 26 per cent from last year. Analysts had expected adjusted earnings of 30
BEIJING (AP) — Asian stocks followed Wall Street lower Wednesday ahead of U.S. inflation data that traders worry will show upward pressure on prices still is too strong for the Federal Reserve to ease off interest rate hikes. Shanghai, Tokyo, Hong Kong and Seoul declined. Oil prices edged lower. Wall Street's benchmark S&P 500 index lost 0.4% on Tuesday for its fourth daily decline following disappointing earnings reports. Data on Wednesday are expected to show headline U.S. inflation in July ea
Northrop Grumman has signed a launch deal with Elon Musk's SpaceX to send three cargo missions to the International Space Station while the company builds an upgraded version of its workhorse Antares rocket, a Northrop spokeswoman said on Monday. The launch agreement with SpaceX coincides with Northrop climbing out of a months-long predicament with its workhorse Antares rocket, whose Russian-made engines were cut off from the United States in March by Moscow in retaliation for Western sanctions over its invasion of Ukraine. "The launches will take place in late 2023 and 2024 from the Kennedy Space Center, Florida in support of the NG-20, -21 and -22 CRS missions," Northrop spokeswoman Ellen Klicka said in an email.
Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the "Company" or "Etruscus") announces the commencement of the Company's 2022 field exploration program (the "Program") at its 100% owned Rock and Roll Property (or "Property") located in the prolific Golden Triangle, northwestern British Columbia, Canada. The Program will focus on two new targets identified from the 2021 field program.
BRATISLAVA, Slovakia (AP) — Oil shipments from Russia through a critical pipeline to several European countries should resume soon after a problem over payments for transit was resolved, Slovakia’s Economy Minister Richard Sulik said on Wednesday. “I expect the oil shipments to resume in hours,” Sulik said. Russian state pipeline operator Transneft said Tuesday it halted shipments through the southern branch of the Druzhba, or Friendship, pipeline, which runs through Ukraine to the Czech Republi
The offer price marks a premium of more than 53% to Recipe's last close. Recipe said it had entered into a letter of intent with Fairfax, adding its board would recommend shareholders vote in favor of a takeover once the deal was finalized. Founded in 1883, Vaughan, Canada-based Recipe operates brands such as Kelseys, East Side Mario's and New York Fries.