Bombardier to collaborate with Aston Marton on business jet design services
(CP) MONTREAL – Bombardier Inc. is teaming up with…
What’s up dock? Diagnosing industrial door problems
Address them promptly to protect against environmental and
Kruger announces expansion project, financial contributions, and start of TAD
Kruger Inc. has made a number of recent announcements…
Businesses, lacking legal immunity, fear COVID
A lawsuit targeting a Tyson Foods plant in Iowa said workers lacked masks and were forced to work close together
Suncor Energy will cut 10% to 15% of its workforce over next 18 months
Cuts are to be made across the entire organization; will also affect Suncor’s contracted workers.
A second COVID-19 wave? Here are 6 lessons from the first
The spread of COVID-19 can be reduced with simple actions
Martinrea loses $146.9M in Q2 on 51% drop in sales due to COVID-19
The autoparts manufacturer says it expects a strong third quarter as automakers replenish low vehicle inventories
Canadians are afraid to return to workplace, yet trust employers to keep them safe: KPMG
82% trust their employer to take and maintain all the necessary health and safety precautions
Bombardier Q2 net loss widens while revenues plunge due to COVID-19
Revenues for the three months ended June 30 plunged 37% to $2.7 billion from $4.3 billion a year ago
Tim Hortons sales fall by one third as RBI feels the pain of pandemic
The parent of Tim Hortons and Burger King says net income fell to US$163 million in the quarter ended June 30
Customer experience outsourcers launch self-service options to improve business outcomes
Outsourcers integrate advanced analytics, artificial intelligence, and machine learning to improve the customer journey and agent experience
Oilfield services rival makes alternative plan to restructure Calfrac debt
Wilks Brothers, LLC, says its offer would significantly lower Calfrac’s debt level and give a better recovery to stakeholders
SNC-Lavalin to restructure resources business to be profitable next year
The turn away from resources will reduce that segment’s operations to nine countries from 30
More corporate meetings to go virtual after success during pandemic
Experts say the success of AGMs taken virtual this year will likely translate into more options for online and teleconference participation at future events
Total writes off $9.3B in oilsands assets, cancels Canadian oil lobby membership
Total said it is leaving CAPP because of a “misalignment” between its public positions and those expressed in Total’s climate ambition statement
Enbridge Q2 earnings slip as revenues plunge 40% due to COVID aftermath
Enbridge was expected to report 55 cents per share in adjusted profits on $12.5 billion in revenues
Plant closings send GM to 2Q loss, but signs of improvement
The Detroit automaker closed its plants on March 18 and they remained idle for two months due to the coronavirus
Tesla makes US$104M profit in 2Q despite factory shutdown
Picked a site for its second US assembly plant, although the location wasn’t released.
Hundreds of Quebec aerospace workers to be laid off
Airbus is waiting for “clear visibility” while Pratt & Whitney is resounding to pressure on the order book.
Boeing to cut 10% of workforce as Q1 revenue, profit slide
Aerospace manufacturer will be accomplished through attrition, paying people to leave and layoffs.
BevCanna doubles Vancouver manufacturing facility
Expecting standard processing licence as it prepares to initiate full-scale production.
Penny Wise to lead 3M Canada as president
Wise has held a variety of senior leadership roles at 3M; in business, commercialization, brand and corporate marketing
Samuel acquires 100% of additive maker Burloak Technologies
Metals and industrial products manufacturer acquired its Burloak minority stake in 2017.
SNC-Lavalin announces Jeff Bell as new chief financial officer
Bell is a former group chief financial officer for British energy services firm Centrica
Tesla stock is soaring. Madness or visionary investing?
Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year
Cott signs deal to sell S&D Coffee and Tea to Westrock Coffee
Part of the Mississauga beverage maker’s plan to focus on its water business.
Amazon is big … really, really big; U.S. workforce hits 500K
Amazon’s growth comes with increased scrutiny, as some U.S. presidential candidates want to break it up
Quebec billionaire Lawrence Stroll acquires stake in Aston Martin
Under an agreement announced Jan. 31, the group led by Stroll will inject $316 million to acquire a 16.7% stake in the automaker
Industry group forecasts $2B rise in oil and gas spending this year
After spending declines in four of the past five years, about 6% more will be invested in the Canadian upstream sector this year compared with 2019
Superior Plus to keep specialty chemicals business after strategic review
The company also announced that it was restarting its dividend reinvestment program
In grinding manufacturing slump, 3M cuts another 1,500 jobs
The latest round equates to about 1.5% of 3M’s global workforce.
SNC-Lavalin recruits ex-Bombardier exec to lead transformation
Veronneau, who led negotiations to sell Bombardier’s majority stake in the C Series to Airbus, will handle the firm’s strategic transformation.