Business News Montreal

  • NEW YORK, Aug 13- U.S. and European stocks jumped, the dollar strengthened and Treasury prices rose on Tuesday after the United States said it would delay tariffs on some Chinese products, easing concerns that a protracted trade war would harm global growth. President Donald Trump backed off his plan to impose 10% tariffs on Sept. 1 on remaining Chinese imports,...

  • NEW YORK, Aug 13- U.S. and European stocks jumped, the dollar strengthened and bond prices rose on Tuesday on news U.S. and Chinese officials held a telephone call to discuss tariffs and planned another call in two weeks, easing concerns about the U.S.-Sino trade war. The Trump administration will delay imposing a 10% tariff on certain Chinese products, including...

  • Aug 1- SNC-Lavalin Group Inc cut its dividend on Thursday, the latest restructuring effort by the Canadian company, and reported a wider-than-expected loss in its main engineering and construction unit, hit by higher expenses. Shares of the Montreal- based company fell as much as 5.6% to more than a 14- year low of C $19.71. SNC, which named Chief Operating Officer...

  • Aug 1- SNC-Lavalin Group Inc on Thursday reported a quarterly loss, as the struggling Canadian construction and engineering firm was hit by a C $1.7 billion goodwill impairment charge related to its resources unit. The Montreal- based company reported a loss attributable to shareholders of C $2.12 billion, or C $12.07 per share, for the quarter ended June 30,...

  • Aug 1- Canada's Bombardier Inc on Thursday reported a larger quarterly loss than analysts had expected, and lowered its full-year earnings forecast, as the company wrestled with challenges in its key rail division. The plane and train maker posted a net loss of $36 million, or 4 cents per share, in the second quarter ended June 30, compared with a profit of $70...

  • Aug 1- Bombardier Inc reported a quarterly loss on Thursday, compared with a year-ago profit, as the Canadian plane and train maker wrestled with challenges in its key rail division. The company posted a net loss of $36 million, or 4 cents per share, in the second quarter ended June 30, compared with a profit of $70 million, or 2 cents per share, a year earlier.

  • WASHINGTON, July 26- U.S. bank regulators said on Friday they had identified no shortcomings in "living wills" submitted by 82 foreign banks detailing how their U.S. operations could be safely dissolved in a crisis. The Federal Reserve and Federal Deposit Insurance Corporation did seek additional information from seven banks in their next plan submissions.

  • July 23- Canadian National Railway Co reported a 4% rise in quarterly profit on Tuesday, as the country's largest railroad operator shipped higher volumes of crude and refined petroleum products. Net income rose to C $1.36 billion, or C $1.88 per share, in the second quarter ended June 30, from C $1.31 billion, or C $1.77 per share, a year earlier.

  • July 22- Struggling construction and engineering firm SNC-Lavalin Group Inc on Monday withdrew its forecast for 2019, citing significantly lower results as it considers options for its resources unit and exits fixed-price contracts. Montreal- based SNC has been facing a trial in Canada over fraud and corruption charges related to allegations that former...

  • OTTAWA, July 18- Canada and the European Union are close to agreeing on a possible temporary solution to a U.S. block on appeals in disputes at the World Trade Organization, Prime Minister Justin Trudeau said on Thursday. Trudeau, speaking after a meeting with top EU officials in Montreal, said Canada backed existing attempts to restore a fully operational...

  • MONTREAL, July 10- Canada's Bombardier said on Wednesday it would lay off around half of the workforce, or about 550 employees, at its passenger train plant in Ontario, effective Nov. 4, confirming earlier media reports. Discussions in the spring between Bombardier and the Ontario government for a C $28 billion provincial transit expansion plan are ongoing, said a...

  • MONTREAL, July 10- Canada's Bombardier said on Wednesday it would lay off around half of the workforce, or about 550 employees, at its rail plant in Ontario, effective Nov. 4, confirming earlier media reports. Bombardier has been winning work and expanding its rail manufacturing in the United States to meet U.S. content requirements. Railmakers awarded federally...

  • NEW YORK, July 5- A strong U.S. jobs report that tempered expectations of an aggressive interest rate cut by the Federal Reserve later this month and weak economic data in Germany helped push global stock indices lower Friday after hitting record highs earlier this week. Nonfarm payrolls increased by 224,000 last month as government employment rose by the most...

  • NEW YORK, July 5- A strong U.S. jobs report that tempered expectations of an aggressive interest rate cut by the Federal Reserve later this month and weak economic data in Germany helped push global stock indices lower Friday after hitting record highs earlier this week. Nonfarm payrolls increased by 224,000 last month as government employment rose by the most...

  • President Donald Trump had raised the case of two detained Canadians with China and insisted Ottawa's efforts to pressure Beijing were working. China detained the two men after Canadian police arrested Huawei Technologies Co Ltd chief financial officer Meng Wanzhou last December on a U.S. warrant. "I can confirm that Donald Trump has spoken to his Chinese...

  • June 25- Bombardier Inc said it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation. Montreal- based Bombardier has been selling off its weaker-performing commercial plane programs aimed at airlines to focus...

  • June 25- Bombardier Inc said on Tuesday it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation. Montreal- based Bombardier has been selling off its weaker-performing commercial plane programs aimed at...

  • OTTAWA, June 25- China will turn away any "meat products" shipped from Canada starting on Wednesday, according to a report in Le Journal de Montreal, citing an official in the office of the Chinese consulate general in Montreal. The justification for the total block is that China said it had found a number of fake veterinary health certificates for meat products...

  • June 25- Bombardier Inc said on Tuesday it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation. Montreal- based Bombardier has been selling off its weaker-performing commercial plane programs aimed at...

  • Tampa Bay Rays principal owner Stuart Sternberg, left, speaks with MLB commissioner Rob Manfred before the start of the Rays' Opening Day game against the Toronto Blue Jays on April 3, 2016 at Tropicana Field in St. Petersburg, Florida.

    The possible plan would involve the Rays splitting home games between Florida and Montreal.