Small Business Saturday: "We're ready for this"
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Small Business Saturday: "We're ready for this"
CHICAGO (Reuters) -General Electric Co on Tuesday forecast higher profit and free cash flow this year after reporting stronger-than-expected earnings in the quarter through December. But the company's revenue in the latest quarter came below Wall Street's estimates, hurt by persistent global supply chain disruptions and uncertainty over whether U.S. production tax credits for onshore wind investments will be extended over the long term. Full-year free cash flow is estimated at $5.5 billion-$6.5 billion, up from $2.6 billion in 2021.
VANCOUVER — Unionized workers at Teck Resources Ltd.'s Highland Valley Copper operations in British Columbia have ratified a new five-year collective agreement. United Steelworkers Local 7619 says the contract was ratified with 81.2 per cent of ballots in favour. It says that 869 of the 1,048 USW workers at the mine voted on whether to accept the new agreement. The USW had issued a strike notice Jan. 11 after being without a contact since Sept. 30, 2021 and two the sides entered into mediation.
CANBERRA, Australia (AP) — Australian Prime Minister Scott Morrison has lost control of his account on the Chinese-owned social media platform WeChat and a lawmaker on Monday accused China's leaders of political interference. Morrison’s 76,000 WeChat followers were notified his page had been renamed “Australian Chinese new life” earlier this month and his photograph had been removed, Sydney’s The Daily Telegraph newspaper reported. The changes were made without the government’s knowledge, the re
Richard Davis was a bankrupt pizzeria owner when he got the idea for a bulletproof vest in 1969 Michigan. Body armor was nothing new, of course, but Davis had an inkling that he could make something lighter that could be worn, undetected, under clothes. Kevlar, he’d discover, was the answer. And to prove that his invention actually worked, Davis, a former Marine and born showman, went to some extraordinary lengths: He shot himself over 190 times. Somehow, that’s not even the wildest part of his
A tumultuous day on Wall Street saw stocks end higher after posting heavy losses earlier in the day, as uncertainty over rising geopolitical tensions and Fed policy weighed down oil and boosted safe havens. The Dow ended up 0.29%, while the S&P 500 gained 0.28% and the Nasdaq Composite added 0.63%. The market tumult came as NATO said on Monday it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets in response to Russia's military build-up at Ukraine's borders.
Evergrande said in a Hong Kong Stock Exchange filing that Siu Shawn, 50, who was chairman of the board of China Evergrande New Energy Vehicle Group Limited, had entered into a service contact for three years. The stock exchange filing said that Lai Lixin and Huang Xiangui had both resigned as executive directors of Evergrande.
The dollar rose to a two-week high on Monday against a basket of currencies, lifted by rising geopolitical risk over Ukraine and a likely hawkish stance from the Federal Reserve at its policy meeting this week. Markets until recently had mostly shrugged off the massing of Russian troops on Ukraine's borders, but tensions have ratcheted up lately. NATO said it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets, in what Russia denounced as an escalation of tensions.
Tencent Holdings, China's biggest social media and video games company, on Tuesday said it fired nearly 70 staff over bribery and embezzlement incidents last year and named 13 companies it had blacklisted from future contracts. Tencent said in a social media post that it had also reported more than 10 people to authorities over their actions. Tencent started its anti-graft campaign in 2019 and has been regularly reporting the results of its probes.
Forum Equity Partners ("Forum") today announced that it has partnered with Ryna Living ("Ryna") on the Forum Real Estate Income and Impact Fund's ("REIIF" or the "Fund") Latin Quarter multi-family apartment property in Montreal, located at 365-369 Ontario Street East. Ryna is a co-living and apartment rental platform that leverages technology to make renting easier and safer for people who identify as women.
Amazon has not reported worldwide incident figures before. The disclosures follow growing public scrutiny of the Seattle-based company's labor practices. Reports in recent years by Reveal from the Center for Investigative Reporting and the Washington Post found serious injury rates at many Amazon facilities to be around double industry standards.
Shares in Unilever rose 6% on Monday on reports that activist investor Nelson Peltz has built a stake in the consumer goods giant whose strategy is under scrutiny after a short-lived pursuit of GSK's consumer healthcare arm. Peltz's hedge fund, Trian Partners, has built an unspecified stake in Unilever, a person familiar with the matter told Reuters on Sunday. Unilever declined to comment on the investment.
(Reuters) -Peloton Interactive Inc's stock surged on Monday after investment firm Blackwells Capital urged the exercise equipment maker's board to fire its chief executive and put the company up for sale. Peloton, which initially became a market darling during the pandemic as people flocked to its bikes, treadmills and popular streamed workouts, is now on worse footing than two years ago, Blackwells said. It urged the board to remove CEO John Foley immediately, accusing him of creating an atmosphere of high fixed costs and holding on to excessive inventory while also misleading investors about the need to raise capital.
Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (OTCQX: TREVF) (BVL:TV) (Frankfurt: 4TI) takes note of the ongoing political situation in Burkina Faso. We are continually monitoring the developments to determine the extent, if any, to which operations at Perkoa may be impacted and will provide updates as and when appropriate.
Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to announce signing of an exploration drilling contract with Kluane Colombia, S.A.S., a subsidiary of Kluane Drilling Ltd. (Kluane), for a minimum of 5,000 metres of drilling at the Mocoa Porphyry Copper-Molybdenum Deposit in Colombia. A KD-1000 drill (a proprietary build of Kluane) is currently being mobilized. The KD-1000 is modular and highly portable and can reach depths over 1,200 metres.
HOUSTON (Reuters) -The chiefs of major U.S. oil companies Occidental Petroleum Corp and ConocoPhillips offered differing outlooks on the growth of U.S. oil output at a conference on Monday, as the industry rebounds from shutdowns during the first stage of the coronavirus pandemic. Oil prices have surged to seven-year highs in the last several weeks, with international benchmark Brent crude hitting nearly $90 per barrel, bolstered by tight worldwide supply and resurgent global demand. ConocoPhillips Chief Executive Officer Ryan Lance told an audience at the Argus Americas Crude Summit in Houston that he was bullish about markets as high oil prices "will persist for a while."
Understanding the fundamentals and factors behind the undervaluation of assets is imperative in making the right value investment decision. The post Value vs. Return Potential: 3 Stocks for the Right Balance appeared first on The Motley Fool Canada.
PARIS (AP) — It was a fashion history-making moment in Paris for Kenzo on Sunday as it unveiled the debut for its first Japanese designer since house founder Kenzo Takada. Nigo, 51, thus becomes only the second Asian designer at the head of a European high fashion label, alongside Bally’s Filipino-American Rhuigi Villaseñor. His appointment represents a milestone as the luxury industry wrestles more broadly with questions over racism and diversity. The show venue of Galerie Vivienne underlined t
ATHENS, Greece (AP) — A severe snowstorm disrupted road and air traffic Monday in the Greek capital of Athens and in neighboring Turkey's largest city of Istanbul, while snow blanketed most of Turkey and Greece, including several Aegean islands. The Greek government declared a holiday Tuesday in the greater Athens area, parts of central Greece and the islands to keep people from leaving home. Key branches of the civil service as well as food stores, gas stations and pharmacies will stay open. “W
DENVER (AP) — The sight can be jarring during extreme drought: snowmaking guns lined up on a mountainside, blasting precious crystal flakes on a ski run while the rest of the land goes thirsty. Snowpack in the U.S. West has decreased by about 20% in the last century, making man-made snow more vital each year to opening ski resorts and fueling ski town economies as they head into an uncertain future. As the effects of drought and climate change increasingly hit home, the ski industry has invested
BMO Low Volatility Canadian Equity ETF (TSX:ZLB) is one of many intriguing TSX value stocks to consider for beginners amid a market correction. The post Market Correction: 1 TFSA Core Holding That’s Perfect for Beginners appeared first on The Motley Fool Canada.