COST Financial News

Grocery and drugstore retailer Metro Inc. ended its “transition year” with fourth-quarter earnings of $219.9 million, with an almost $1-billion supply chain transformation in the rearview mirror and plans to grow its store footprint in the coming year.

Two proposed class-action lawsuits in the United States name two Canadian food companies as alleged members of a “potato cartel” that’s accused of a years-long campaign of fixing prices on frozen products.

Vedanta Resources (VRL) plans to raise $1.2 billion in the near term through senior unsecured notes to refinance existing debt and improve its financial position. The company is in talks with investors to raise $500 million in the coming weeks through a bond issue to partly refinance $606 million of outstanding 13.875% notes maturing in 2028. This is a re-tap of the bonds raised in September and the instrument is likely to be priced around 10.2%, where the bond is trading.

Subscribe to enjoy similar stories. For India's steelmakers facing the lowest prices in the last four years, things may get worse before they get better. Top manufacturers including Tata Steel Ltd and the Steel Authority of India Ltd (SAIL) are bracing for a challenging December quarter, with a recovery expected only in the fourth quarter.

A judge has ruled that Virginia can’t withdraw from a multistate initiative designed to reduce greenhouse gas emissions unless the Legislature agrees to it

Philadelphia’s mass transit system has reached a tentative contract deal with its largest workers union

The founder of Archegos Capital Management, a hedge fund, has been sentenced to 18 years in prison for his conviction in a securities and market manipulation fraud that prosecutors say cost global investment banks billions of dollars

Former prime minister Stephen Harper has been appointed chair of Alberta Investment Management Corp., a move that has been widely anticipated since the province fired AIMCo’s board of directors and relieved chief executive Evan Siddall of his duties less than two weeks ago.

The Alberta government has appointed former prime minister Stephen Harper as the new chair of AIMCo, less than two weeks after ousting the fund’s board of directors and its chief executive.

We are now on day six of the nationwide mail strike, after year-long negotiations between Canada Post and the Canadian Union of Postal Workers (CUPW) failed last week and 55,000 postal workers hit the picket lines — just ahead of Black Friday and the busy holiday season. Here’s the latest on the ongoing talks and the strike’s impact on Canada Post customers.

Ford is cutting its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker-than-expected sales of electric cars

California voters have rejected a measure on the November ballot that would have raised the minimum wage for most workers to $18 an hour

Experts say people shopping for health insurance right now should look beyond price when searching for coverage for next year

The best lawn mowers available online today come with advanced features such as adjustable cutting heights, efficient grass collection systems, and durable blades that ensure a clean and precise cut every time. With convenient online shopping, you can easily compare different models, and find the perfect mower to suit your lawn care needs and budget. From compact, user-friendly designs to robust, heavy-duty machines, there’s an ideal lawn mower waiting for you.

infrastructure projects of different ministries, including roads and railways, worth Rs 15.89 lakh crore have been recommended for approval under the PM GatiShakti initiative so far, a top government official said on Wednesday. These projects have been recommended by the Network Planning Group (NPG) constituted under the PM GatiShakti initiative launched on October 13, 2021. «So far, 228 projects have been assessed under the initiative worth Rs 1,588,919 lakh crore,» Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), Rajeev Singh Thakur told reporters here. There are several benefits of using the PM GatiShakti system, including significant cuts in time and cost for planning these infrastructure projects.

urban freight efficiency and cut logistics costs, an official said on Wednesday. Under the Indo-German technical cooperation, Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ's) Green Freight Project supported the relevant state authorities in the preparation of the model CLPs and adopting international best practices. This is crucial for reducing congestion, pollution and logistics costs while improving the overall quality of life in cities. Additional Secretary in the DPIIT Rajeev Singh Thakur said that both Delhi and Karnataka governments have provided support for developing these plans.

iPhone 17 Slim is expected to measure a mere 6mm in thickness. This would make it the thinnest iPhone to date, shaving nearly 0.9mm off the already slender 6.9mm iPhone 6.

Subscribe to enjoy similar stories. New Delhi: As state-run NTPC is set start construction of its green hydrogen hub in Andhra Pradesh by the end of the month, the company is in talks with possible buyers of the green molecule. NTPC is in talks with Japan's EPC major Toyo Engineering Corp.

At ages 57 and 52, Leo* and Siobahn would like to semi-retire when they each turn 60, but they will be carrying a significant mortgage well into retirement – something to be avoided at all costs, according to many of the financial planning guides Leo has read. Is this really such a bad thing — especially since their $2.6 million forever B.C. home has a separate, two-bedroom income-generating suite?

Large protests have been held in Greece as part of a 24-hour nationwide general strike called by labor unions timed to coincide with the government submitting its 2025 budget to Parliament

Inflation in the U.K. has risen sharply to a six-month high in October, cementing market expectations that there will be no further cuts in borrowing rates this year