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International Paper To Permanently Shutter Orange Mill; To Impact 900 Positions
International Paper (IP) announced Wednesday a series of actions to further strengthen and optimize its manufacturing system to meet customers' needs.
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587 일 전
NVIDIA Teams With Foxconn To Boost AI Industrial Revolution
Tech major NVIDIA Corp. is collaborating with Taiwanese electronics contract manufacturer Foxconn, also known as Hon Hai Technology Group, aiming to accelerate the industrial revolution in artificial intelligence or AI. Under the deal, Foxconn, which is also Apple's key iPhone assembler and supplier with major operations in China, will integrate NVIDIA technology to develop a new class of data ce
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587 일 전
Scotiabank Says Q4 Results To Be Impacted By Charges Of About C$0.49/share
Canadian lender Bank of Nova Scotia (BNS.TO, BNS), called Scotiabank, announced Wednesday that its fourth quarter 2023 reported results will be adjusted for certain notable items. This is expected to the Bank's CET1 ratio by about 10 basis points.
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588 일 전
U.S. Housing Starts Surge 7.0% In September
A report released by the Commerce Department on Wednesday showed a substantial rebound in new residential construction in the U.S. in the month of September. The Commerce Department said housing starts spiked by 7.0 percent to an annual rate of 1.358 million in September after plunging by 12.5 percent to a revised rate of 1.269 million in August.
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588 일 전
Dollar Little Changed After U.S. Building Permits And Housing Starts Data
U.S. building permits and housing starts for September have been released at 8:30 am ET Wednesday. After the data, the greenback changed little against its major rivals.
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588 일 전
Spirit AeroSystems Inks Deal With Boeing To Support Production Stability
Spirit AeroSystems, Holdings Inc. (SPR) announced Wednesday that its subsidiary, Spirit AeroSystems Inc., entered into a Memorandum of Agreement (MoA) with The Boeing Co. (BA).
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588 일 전
Dollar Mixed Ahead Of U.S. Building Permits And Housing Starts Data
U.S. building permits and housing starts for September are due at 8:30 am ET Wednesday. Ahead of the data, the greenback traded mixed against its major rivals. While it rose against the euro, it eased against the franc and the yen. Against the pound, it held steady.
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588 일 전
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Morgan Stanley Q3 Profit Down 9%, But Tops Estimates
Financial services firm Morgan Stanley reported Wednesday a profit for the third quarter that decreased 9 percent from last year, pulled down by surging provisions for credit losses and higher expenses, despite 2 percent revenue growth. Both adjusted earnings per share and quarterly topped analysts' estimates.
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588 일 전
Bay Street Likely To Open On Positive Note
Energy and materials shares are likely to see some hectic buying on Bay Street on Wednesday. But the market may find it tough to hold gains amid geopolitical concerns and interest rate worries.
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588 일 전
Canadian Dollar Climbs As Middle East Tensions Mount
The Canadian dollar moved up against its major counterparts in the European session on Wednesday, as oil prices jumped over 3 percent after a huge explosion at a Gaza hospital derailed the diplomatic efforts led by the U.S. to mobilize support for "Israel's right to defend itself".
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588 일 전
Nasdaq Q3 Results Top Estimates; Declares Dividend
Nasdaq Inc. (NDAQ) reported Wednesday that its net income for the third quarter grew to $294 million or $0.60 per share, compared to $294 million or $0.59 per share in the prior-year quarter.
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588 일 전
First Horizon Q3 Adj. EPS Tops Estimates, But Revenues Miss
First Horizon Corp. (FHN) reported Wednesday that its net income available to common shareholders for the third quarter plunged to $129 million or $0.23 per share from $257 million or $0.45 per share in the prior-year quarter.
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588 일 전
UK Inflation Steady At 6.7%
UK consumer price inflation remained unchanged in September as the rise in oil prices was offset by the slowdown in food inflation, but this is unlikely to prompt the Bank of England to end the current pause and raise rates further in the November policy session. The consumer price index, or CPI, posted a steady annual growth of 6.7 percent in September, the Office for National Statistics reporte
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588 일 전
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