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Valeant stock jumps as drug maker plans asset sale, maintains forecast
– theglobeandmail.com
The company reported a net loss of $302.3-million, up from $53-million a year earlier
GM, Ford, Fiat urged to look north in Canadian labour talks
– theglobeandmail.com
Unifor trying to stem dwindling Canadian production, looking for investment and new products to be made north of the border
US stocks edge higher in early trading; oil up further
– canadianbusiness.com
U.S. stock indexes edged higher in early trading Tuesday, following gains in global stock markets as slack Chinese consumer price figures stoked expectations of more stimulus. Consumer-focused companies and health care stocks were among the biggest risers, while energy shares lagged the most. Oil prices rose after reports of a new OPEC meeting.
KEEPING SCORE: The Dow Jones industrial average rose 36 points, or 0.2 per cent, to 18,566 as of 10:11 a.m. Eastern time. The Standard & Poor’s 500 index gained three points, or 0.2 per cent, to 2,184. The Nasdaq composite index added 14 points, or 0.3 per cent, to 5,227.
BACK IN BLACK: Endo International vaulted 20.1 per cent a day after the medical device maker reported that it returned to profit in the second quarter. The Dublin-based company’s shares gained $3.65 to $21.84.
ON THE MEND: Valeant Pharmaceuticals surged 10.9 per cent after the Canadian drugmaker stuck by its earnings outlook from earlier this year, despite reporting a wider second-quarter loss…
KEEPING SCORE: The Dow Jones industrial average rose 36 points, or 0.2 per cent, to 18,566 as of 10:11 a.m. Eastern time. The Standard & Poor’s 500 index gained three points, or 0.2 per cent, to 2,184. The Nasdaq composite index added 14 points, or 0.3 per cent, to 5,227.
BACK IN BLACK: Endo International vaulted 20.1 per cent a day after the medical device maker reported that it returned to profit in the second quarter. The Dublin-based company’s shares gained $3.65 to $21.84.
ON THE MEND: Valeant Pharmaceuticals surged 10.9 per cent after the Canadian drugmaker stuck by its earnings outlook from earlier this year, despite reporting a wider second-quarter loss…
GM begins autonomous car tests in Scottsdale, Arizona
– canadianbusiness.com
DETROIT – General Motors and its autonomous technology company Cruise Automation are testing self-driving cars on the streets of Scottsdale, Arizona.
Testing of self-driving electric Chevrolet Bolts began in Arizona about two weeks ago. It’s the second city for GM’s real-world tests. Autonomous Bolts with Cruise Automation software have been driving around San Francisco since May 20.
GM spokesman Kevin Kelly says the company is considering other cities for tests but wasn’t ready to announce locations.
He would not say how many Bolts are being tested. Although the cars drive autonomously, Kelly says they all have human backup drivers.
GM acquired San Francisco-based Cruise Automation in March for $581 million in cash and GM stock. Kelly says the company has opened an office in Scottsdale.
The post GM begins autonomous car tests in Scottsdale, Arizona appeared first on Canadian Business – Your Source For Business News.
Testing of self-driving electric Chevrolet Bolts began in Arizona about two weeks ago. It’s the second city for GM’s real-world tests. Autonomous Bolts with Cruise Automation software have been driving around San Francisco since May 20.
GM spokesman Kevin Kelly says the company is considering other cities for tests but wasn’t ready to announce locations.
He would not say how many Bolts are being tested. Although the cars drive autonomously, Kelly says they all have human backup drivers.
GM acquired San Francisco-based Cruise Automation in March for $581 million in cash and GM stock. Kelly says the company has opened an office in Scottsdale.
The post GM begins autonomous car tests in Scottsdale, Arizona appeared first on Canadian Business – Your Source For Business News.
