Markets

Huawei to continue R&D investments in Canadian networks

Huawei to continue R&D investments in Canadian networks Huawei has faced intense scrutiny since December, when authorities in Vancouver arrested chief financial office Meng Wanzhou at the behest of the United States. The company also said it will change its investment practices in Canada to ensure intellectual property developed in partnership with Canadian universities remains in the country. [Full Article...]

B.C. ticket holder wins Friday night's $25.9M Lotto Max jackpot

B.C. ticket holder wins Friday night's $25.9M Lotto Max jackpot The Lotto jackpot was estimated at R10 million. This time, he played the same numbers as a past ticket. The jackpot for the next Lotto Max draw on March 1 will be approximately $10 million. [Full Article...]

Cargo Plane With 3 Onboard Crashes Near Bay In Texas

Cargo Plane With 3 Onboard Crashes Near Bay In Texas Chambers County Sheriff Brian Hawthorne told reporters that witnesses saw the twin-engine plane strike Trinity Bay "nose first" and that they heard the plane's engines surging. State police and the Federal Aviation Administration will investigate, and the National Transportation Safety Board will determine the cause. New York-based Atlas Air , outlining its history on its website, says its a... [Full Article...]

UK's Merlin sells Australian ski resorts for 95 million pounds

UK's Merlin sells Australian ski resorts for 95 million pounds The purchase price is AU$174m (£95m), subject to certain adjustments related to the timing of closing, which represents a multiple of 8.8x 2018 EBITDA. Merlin Entertainments is selling its Australian ski resorts business to an American firm for £95million. "We are thrilled to welcome the guests and employees of both Falls Creek and Hotham into the Vail Resorts family and further strengthen our ... [Full Article...]

Casa Systems (CASA) Issues FY 2019 Revenue Guidance

Casa Systems (CASA) Issues FY 2019 Revenue Guidance Expecting that a stock will continue to ride the wave higher can lead to disappointment when momentum suddenly shifts. Many investors may have noticed that when the stock market has been running bullishly hot for quite some time, market tops can be a very busy place. [Full Article...]

Volvo XC90 Gets KERS, Adds a B to Its Name

Volvo XC90 Gets KERS, Adds a B to Its Name This mild hybrid setup adds regenerative braking to the mix, and Volvo believes it can improve fuel efficiency by up to 15 percent, although we haven't seen any new EPA estimates just yet. Volvo says it will also offer the system on all 60 and 90 Series cars, meaning other models like the S60, V60, S90, V90, and XC60 will have their own "B" branded variants. [Full Article...]

Purplebricks shares crash by a third as overseas expansion hits wall

Purplebricks shares crash by a third as overseas expansion hits wall The UK operation will now be led by Vic Darvey who joined the firm only last month. Purplebricks said there are a number of headwinds in the Australian housing and it does not expect to meet revenue forecasts for the year. Purplebricks , which offers online and some traditional brokerage services, expects to bring in revenue of 130 million pounds ($170 million) to 140 million pounds this year,... [Full Article...]

New $20 Note Revealed With 'Innovative' Security Features

New $20 Note Revealed With 'Innovative' Security Features The RBA has revealed the new $20 banknote on Friday, which will be released into general circulation in October 2019. Mary Reibey and Reverend John Flynn will remain on the note, however there will be a top-to-bottom clear window featuring a flying kookaburra with moving wings and a number "20" that reverses. [Full Article...]


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