Canada’s agriculture sector is grappling with soaring demand, rising costs, and a worker shortage while also facing pressure to reduce its carbon footprint.
GM Profit Surges to $2.98 Billion on Sales of Higher-Margin Trucks
Detroit—General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips. Despite the semiconductor shortage, GM stuck with full-year pretax earnings guidance of $10 billion to $11 billion issued earlier in the year and said earnings would…
Honeywell Fined $13 Million For Exporting Sensitive Information to Countries Including China
Honeywell was fined $13 million for allegedly exporting sensitive data to several countries including China, without obtaining proper authorization, the Department of State announced on Monday. The State Department‘s spokesperson said in a statement that it concluded a settlement with Honeywell International to resolve alleged violations of export rules when the company exported and retransferred technical information…
Hyundai Recalls Over 390,000 Vehicles for Possible Engine Fires
DETROIT—Hyundai is recalling more than 390,000 vehicles in the United States and Canada for two problems that can cause engine fires. In one recall, owners are being told to park their vehicles outdoors until repairs are made. The largest recall covers more than 203,000 Santa Fe Sport SUVs from 2013 through 2015. Some are being…
Inflation Fears Grow as Commodity Prices Take off
WASHINGTON—Economists have started to feel more uncomfortable that the Federal Reserve could be too complacent with its inflation forecast and end up tightening the monetary policy a bit too late to prevent harmful inflation. Some economists have been warning for months that excessive government spending to help the country recover from the pandemic-induced recession could…
UK Net Mortgage Borrowing Reaches Record High in ‘Red Hot’ Housing Market
UK homeowners are borrowing at record high levels to take advantage of the stamp duty holiday and low interest rates, new official figures have revealed. According to statistics released by the Bank of England on Tuesday, net mortgage borrowing reached £11.8 billion ($16.4 billion) in March, the highest figure since records began in 1993. House…
Good News and Bad News
Dear Dave, My wife and I are in our late twenties, we have no debt, and our household income is about $180,000 year. We’re thinking about building a home, but we’re not sure whether to build just for us, or maybe building a multi-family place so we could live upstairs, rent the rest, and make…
Verizon Sells Yahoo and AOL for $5 Billion
AOL and Yahoo are being sold again, this time to a private equity firm. Wireless company Verizon will sell Verizon Media, which consists of the once-pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon said Monday that it will keep a 10 percent stake in the new company, which will be…
Boeing Says It Fired 65 Employees for Racist, Discriminatory Conduct
Boeing Co said on Friday it fired 65 employees over the last year for engaging in or being part of racist, discriminatory or hateful conduct.
Billionaire Philanthropist Eli Broad Dies at 87
LOS ANGELES—Eli Broad, the billionaire entrepreneur turned philanthropist and art collector, died on Friday at the age of 87. Broad passed away at Cedars-Sinai Medical Center in Los Angeles following a long illness, said Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation. An accountant by trade who made his fortune in real…
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