With the final decision by a U.S. regulator just weeks away, Canadian Pacific Railway Ltd.'s CEO says the company is "ready to roll" on its proposed merger with U.S. railroad Kansas City Southern.
OpenText CEO says automation push is driving growth amid inflation
The CEO of Canadian software company OpenText Corp. said his business is benefiting as companies stretched by inflation and labour challenges try to digitize and automate their operations.
OpenText sees revenues rise 2.4% in latest financial quarter
OpenText reported revenues for the most recent quarter were up 2.4 per cent year over year, with cloud revenues rising 12 per cent.
Starbucks reported profit and comparable sales that trailed Wall Street's expectations as weakness in China weighed on results, sending shares down in late trading. Executives reaffirmed confidence in the country and predicted a recovery there this year.
Apple sales miss estimates on sluggish economy, supply snags
Apple reported a steeper sales decline in its holiday period than Wall Street feared, showing the toll of an economic slowdown and lingering supply snags.
Ford shares slump after profit comes in short of estimates
Ford posted fourth-quarter profit that fell short of Wall Street estimates. “We should have done much better last year,” Chief Executive Officer Jim Farley said in a statement.
Amazon.com projected lackluster revenue in the current quarter, worrying investors that the company’s main e-commerce business has stalled and sales growth has slowed in the cloud computing division.
Google shares slip after sales miss as advertising demand slows
Google parent Alphabet reported fourth-quarter results that narrowly missed analysts’ expectations, signaling lower demand for its search advertising during a slowing economy.
Dairy giant Saputo to permanently close 3 U.S. facilities, expand and build others
Dairy giant Saputo has announced sweeping changes to its U.S. operations, saying it will permanently close three facilities, build a new packaging facility and expand string cheese operations.
One after another, North America’s biggest technology companies have announced thousands of job cuts. Canadian tech-services firm CGI Inc. says it’s not even considering following their lead.