Business

Disney, Comcast now Hulu’s only owners as AT&T exits

AT&T sold its stake for $1.43 billion, valuing the unprofitable Hulu at $15 billion

Canadian home sales and prices in March down compared with a year ago

Canadian Real Estate Association says sales fell to their lowest level for the month since 2013

American Airlines cancels Max flights through mid-August

The cancellations represent 1.5% of American’s total flights each day of the summer

GM to reveal next-generation Corvette in July

Car enthusiasts are excited to hear about the new Corvette

Southwest grounds Boeing Max jets until August

The news comes as the airline heads into the busy summer season

Publisher of iconic black magazines Ebony and Jet files for bankruptcy

The company was founded in 1942 by John H. Johnson in Chicago

Acura recalls 360K SUVs because tail lights can go dark

The company says that this issue is due to a manufacturing problem

Pinterest sets sights on $1.5B in first public share offering

The company will put about 75 million shares up for sale at a price between $15 and $17 each

Boeing cutting production rate of troubled 737 Max jet

Boeing faces a growing number of lawsuits filed by families of the victims

SNC-Lavalin selling 10% stake in Highway 407 in partial exit from Ontario project

OMERS will pay $3 billion to SNC on the closing of the deal and an additional $250 million over 10 years

IPWhoa: What to know before joining this year’s IPO wave

It’s not how much you love the service, it’s how much profit it can bring in

Oil storage firm Gibson Energy sells trucking assets, focuses on core business

The Calgary-based company handles about one in four barrels of oil exported from Western Canada

Lyft’s shares soar as investors bet on ride-hailing future

Lyft raised its target price from its initial range of $62 to $68 over the course of the last week

Apple details new magazine, news app at services event

The company also said it is launching a credit card called Apple Card

Pinterest files for IPO

The company said it has more than 250 million users each month

GM announces jobs, electric vehicle after Trump criticism

The company says it will spend $300 million at its plant in Orion Township

Air Canada, WestJet purchased safety option reportedly missing on crashed planes

The safety features are not standard on the aircraft and are offered by Boeing as upgrades

Taste of the Heartland will be agricultural event of the year

Be immersed in lifestyle with delectable food, rural hospitality right in heart of Alberta

  • Mar 20, 2019

Air Canada suspends financial forecast for 2019 after Boeing 737 Max grounded

Analyst Walter Spracklin of RBC Dominion Securities advised investors not to be alarmed