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Magna cuts 2021 revenue forecast as chip shortages expected to reduce vehicle output

Magna cuts 2021 revenue forecast as chip shortages expected to reduce vehicle output

TORONTO — Magna International Inc. has cut its revenue forecast for the year due to an expected reduction in global light vehicle production caused by ongoing semiconductor chip shortages.
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'Not where we want to be': Canopy Growth CEO says market share softened in Q1

'Not where we want to be': Canopy Growth CEO says market share softened in Q1

Canopy Growth Corp.'s chief executive says the company's hold on the cannabis market has been threatened in the last few months, even as it went on an acquisition spree and tried to overhaul its business.
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Sheriff: Aide who accused Cuomo files criminal complaint

Sheriff: Aide who accused Cuomo files criminal complaint

ALBANY, N.Y. (AP) — A woman who accused Gov. Andrew Cuomo of groping her breast at the governor's state residence filed a criminal complaint against him, the Albany County Sheriff's office said Friday.
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Hezekiah Walker looks to bring gospel music center to HBCU

Hezekiah Walker looks to bring gospel music center to HBCU

LOS ANGELES (AP) — Hezekiah Walker became a student at Virginia Union University two years ago, but the Grammy-winning gospel singer took his collegiate experience to the next level by opening a gospel music center on the campus.
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Inter Pipeline Q2 profit more than doubles to $145.5 million on revenue boost

Inter Pipeline Q2 profit more than doubles to $145.5 million on revenue boost

CALGARY — Inter Pipeline Ltd. says its net profit more than doubled in its latest quarter as revenues increased 30 per cent. The Calgary-based pipeline firm reported after markets closed Thursday that it earned $145.
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Constellation Software misses expectations despite improved Q2 results

Constellation Software misses expectations despite improved Q2 results

TORONTO — Constellation Software Inc. missed expectations despite posting improved second-quarter results. The Toronto-based technology firm, which reports in U.S.
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Hezbollah, Israel trade fire in dangerous Mideast escalation

Hezbollah, Israel trade fire in dangerous Mideast escalation

BEIRUT (AP) — The militant Hezbollah group fired a barrage of rockets toward Israel on Friday, and Israel hit back with artillery in a significant escalation between the two sides.
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Shareholder advisory firm backs rejecting Exfo privatization offer

Shareholder advisory firm backs rejecting Exfo privatization offer

QUEBEC — Proxy advisory firm Glass Lewis has differed from Institutional Shareholder Services Inc. in recommending that minority shareholders of Exfo Inc. vote against the founder's proposal to take the company private.
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Western Forest Products Q2 profit soars to $78.3 million on surging lumber prices

Western Forest Products Q2 profit soars to $78.3 million on surging lumber prices

VANCOUVER — Western Forest Products Inc. beat expectations as surging lumber prices strongly boosted its second-quarter results. The Vancouver-based company says its net income soared to $78.3 million or 21 cents per share, up from $8.
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About 2M dehumidifiers recalled in US, possible fire hazard

About 2M dehumidifiers recalled in US, possible fire hazard

The Consumer Product Safety Commission says about 2 million dehumidifiers made by New Widetech are being recalled in the U.S. because they can overheat and catch fire, posing fire and burn hazards.
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