Business
Clarenville's SubC Imaging gets nearly $500K in N.L. government funding for new ROV project
Clarenville-based SubC Imaging is set to make more waves in the ocean tech sector with $467,500 in provincial funding. The firm is contributing matching funds for a project to develop a new underwater multi-channel inspection system for ROVs, ...
Risk asset resilience, Indonesia's rate call
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Investors continue to breathe life back into risky assets, paving the way for a positive market open in Asia on Wednesday as attention in the region turns to the latest ...
CBRM seeks land-use bylaw change for supportive housing units
SYDNEY, N.S. — A municipal bylaw change may be in the works that would allow secondary housing units on a single-family residential lot to apply to properties deemed as supportive housing. Currently, the Cape Breton Regional Municipality’s land-use ...
FAA probes union claims Boeing retaliated against two engineers in 2022
WASHINGTON (Reuters) - The Federal Aviation Administration said Tuesday it is investigating claims by a union that Boeing retaliated against two employees who in 2022 insisted the planemaker re-evaluate prior engineering work on 777 and 787 jets.
Senators hope TikTok will remain in business in US under new owner
By David Shepardson WASHINGTON (Reuters) - Two U.S. senators said they hope TikTok will remain in business in the U.S. under a new owner as the chamber prepared to vote on Tuesday on legislation requiring Chinese owner ByteDance to divest the ...
Baker Hughes beats first quarter profit estimates
(Reuters) - Oilfield services firm Baker Hughes on Tuesday beat first-quarter profit estimates on higher international drilling demand. The company reported an adjusted profit of 43 cents per share for the quarter ended March 31, compared with ...
Seagate forecasts higher Q4 profit on boost from cloud customers
(Reuters) - Seagate Technology on Tuesday forecast fourth-quarter profit above Wall Street estimates after beating earnings estimates for the most recent quarter, driven by higher demand for its memory chips from cloud customers. Dublin, ...
Spirit, Boeing enter into memorandum of agreement to improve aero supplier's issues
(Reuters) - Spirit AeroSystems and Boeing entered into a memorandum of agreement to address issues that include the aero parts supplier's higher levels of inventory, contract assets and lower operational cash flows. Under the MoA, Spirit will ...
UAW moving quickly after VW organizing win, union president says
By Nora Eckert DETROIT (Reuters) - United Auto Workers (UAW) President Shawn Fain is moving quickly in the union's sweeping organizing push at U.S. plants across more than a dozen automakers after clinching an historic victory at a Volkswagen ...
Mattel's quarterly loss smaller than expected as cost cuts pay off
By Granth Vanaik (Reuters) -Mattel posted a smaller-than-expected loss for the first quarter on Tuesday, helped by the Barbie maker's tight leash on costs while demand remains tepid for its toys. The toymaker has planned to exit less profitable ...