The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Volkswagen to shed 30,000 jobs to cut costs after scandal
– canadianbusiness.com
WOLFSBURG, Germany – Automaker Volkswagen says it will shed 30,000 jobs to cut costs as it tries to recover from its diesel emissions scandal and invests more in electric-powered vehicles and digital services.
Company officials said at a news conference at headquarters in Wolfsburg, Germany, that 23,000 of the job cuts will come in Germany. It said the measures will save some 3.7 billion euros a year from 2020.
Volkswagen has agreed to pay $15 billion under a settlement with U.S. authorities and owners of some 500,000 vehicles with software that turned off emissions controls. Around 11 million cars worldwide have the deceptive software.
The company has said it aims to cut nonessential costs and investments and shift investment toward battery-powered cars and services such as car-sharing and ride-sharing.
The post Volkswagen to shed 30,000 jobs to cut costs after scandal appeared first on Canadian Business – Your Source For Business News.
Company officials said at a news conference at headquarters in Wolfsburg, Germany, that 23,000 of the job cuts will come in Germany. It said the measures will save some 3.7 billion euros a year from 2020.
Volkswagen has agreed to pay $15 billion under a settlement with U.S. authorities and owners of some 500,000 vehicles with software that turned off emissions controls. Around 11 million cars worldwide have the deceptive software.
The company has said it aims to cut nonessential costs and investments and shift investment toward battery-powered cars and services such as car-sharing and ride-sharing.
The post Volkswagen to shed 30,000 jobs to cut costs after scandal appeared first on Canadian Business – Your Source For Business News.
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– theglobeandmail.com
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Volkswagen to shed 30,000 jobs to cut costs after scandal
– canadianbusiness.com
FRANKFURT – Automaker Volkswagen said Friday it will shed 30,000 jobs to cut costs as it tries to recover from its diesel emissions scandal and invests more in electric-powered vehicles and digital services.
Company officials said at a news conference at headquarters in Wolfsburg, Germany, that 23,000 of the job cuts will come in Germany. It said the measures will save some 3.7 billion euros ($4 billion) a year from 2020.
Volkswagen has agreed to pay $15 billion under a settlement with U.S. authorities and owners of some 500,000 vehicles with software that turned off emissions controls. Around 11 million cars worldwide have the deceptive software. The scandal has been a spur for the company to address problems such as excessively top-down management and excessive fixed costs at its manufacturing locations in Germany.
The company has said it aims to cut nonessential costs and investments and shift investment toward battery-powered cars and services such as car-sharing and ride-sharing…
Company officials said at a news conference at headquarters in Wolfsburg, Germany, that 23,000 of the job cuts will come in Germany. It said the measures will save some 3.7 billion euros ($4 billion) a year from 2020.
Volkswagen has agreed to pay $15 billion under a settlement with U.S. authorities and owners of some 500,000 vehicles with software that turned off emissions controls. Around 11 million cars worldwide have the deceptive software. The scandal has been a spur for the company to address problems such as excessively top-down management and excessive fixed costs at its manufacturing locations in Germany.
The company has said it aims to cut nonessential costs and investments and shift investment toward battery-powered cars and services such as car-sharing and ride-sharing…
Abercrombie off the mark in 3Q as turnaround efforts sputter
– canadianbusiness.com
NEW ALBANY, Ohio – Abercrombie & Fitch Co. (ANF) on Friday reported fiscal third-quarter net income of $7.9 million.
On a per-share basis, the New Albany, Ohio-based company said it had profit of 12 cents. Earnings, adjusted for non-recurring gains, were 2 cents per share.
The results missed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The teen clothing retailer posted revenue of $821.7 million in the period, also missing Street forecasts. Ten analysts surveyed by Zacks expected $830.6 million.
Abercrombie shares have declined 37 per cent since the beginning of the year. The stock has fallen nearly 10 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANF at https://www.zacks.com/ap/ANF
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Keywords: Abercrombie & Fitch, Earnings Report
The post Abercrombie off the mark in 3Q as turnaround efforts sputter appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the New Albany, Ohio-based company said it had profit of 12 cents. Earnings, adjusted for non-recurring gains, were 2 cents per share.
The results missed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The teen clothing retailer posted revenue of $821.7 million in the period, also missing Street forecasts. Ten analysts surveyed by Zacks expected $830.6 million.
Abercrombie shares have declined 37 per cent since the beginning of the year. The stock has fallen nearly 10 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANF at https://www.zacks.com/ap/ANF
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Keywords: Abercrombie & Fitch, Earnings Report
The post Abercrombie off the mark in 3Q as turnaround efforts sputter appeared first on Canadian Business – Your Source For Business News.
