Business

Duane, left, and Dave MacDonald, co-owners of Callbecks Home Hardware and now Leon’s Summerside, celebrated the latter’s official opening on April 17. Their company purchased the Leon’s franchise for P.E.I. from D.P. Murphy earlier this year and subsequently relocated it from Charlottetown to Summerside. Colin MacLean

Leon's furniture store completes relocation from Charlottetown to Summerside

The cutting of a bright yellow ribbon has marked a homecoming for a long-time Summerside business. Dave MacDonald held the scissors; he is co-owner, along with his brother Duane, of Callbecks Home Hardware and its associated family of businesses. On ...

Updated a day ago |5 min read

CBRM seeks land-use bylaw change for supportive housing units

Updated 13 hours ago |5 min read

With provincial plans to ultimately phase out institutional settings for people with disabilities, such as Sydney River’s Breton Ability Centre, there will be a greater need for accessory dwelling units for supportive housing. IAN NATHANSON/CAPE BRETON POST FILE

Five Corners Properties talk 3,000 unit housing project in Bible Hill

Updated a day ago |5 min read

A proposal from Five Corners Properties offers 3,000 new residential units in the Bible Hill area. Image Five Corners Properties

Clarenville's SubC Imaging gets nearly $500K in N.L. government funding for new ROV project

Updated a day ago |2 min read

Interest in electric vehicles in Canada drops for second year: survey

Updated a day ago |3 min read

Raymond James Q2 profit rises on strong capital markets performance

Updated 9 minutes ago |1 min read

China's BYD seeks to redefine luxury for the EV generation

Reuters |Updated 27 minutes ago |4 min read

BEIJING (Reuters) - Chinese EV maker BYD will showcase its premium brand's first sedan at the Beijing auto show from Thursday, in a challenge to the likes of Germany's Mercedes-Benz which three years ago pulled out of the brand's development ...

Disappointing Meta forecast pulls down tech peers in extended trade

Stephen Culp |Updated 30 minutes ago |1 min read

By Stephen Culp NEW YORK (Reuters) - Disappointing forecasts from Facebook parent Meta Platforms has proven contagious, sparking a sell-off in tech and tech-related stocks in after-hours trading. Meta said it expects increased spending on AI ...

An Amazon shopper and courier loads groceries into his trunk outside a Whole Foods Market grocery store in Pasadena, California, U.S., March 31, 2020.

Court revives Whole Foods worker's lawsuit over 'Black Lives Matter' masks

Daniel Wiessner, Jonathan Stempel |Updated 37 minutes ago |2 min read

By Jonathan Stempel and Daniel Wiessner (Reuters) - A U.S. appeals court revived a lawsuit accusing Whole Foods of illegally firing a worker who refused to remove her "Black Lives Matter" facemask and complained about racism at the upscale ...

A passerby is reflected on an electric monitor displaying the graph of recent moments of the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan May 2, 2023.

Morning Bid: Japan's FX no-show, Meta plunges

Jamie McGeever |Updated 40 minutes ago |3 min read

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. The depreciation of Asian currencies against the U.S. dollar, and the steps monetary authorities may take to prevent further weakness, dominate the market landscape across ...

BHP considering potential buyout offer for Anglo American, Bloomberg reports

Reuters |Updated just now |1 min read

(Reuters) -Global mining giant BHP Group is considering a potential buyout of British multinational mining company Anglo American Plc, Bloomberg News reported on Thursday, citing people with knowledge of the matter. Deliberations are at an early ...

Microsoft-backed Rubrik prices IPO above range at $32 per share, source says

Echo Wang |Updated 40 minutes ago |2 min read

By Echo Wang NEW YORK (Reuters) - Rubrik, the cybersecurity software startup that counts Microsoft among its investors, priced its initial public offering at $32 per share on Wednesday above its indicated price range, according to a person ...

O'Reilly Automotive's profit misses on higher costs

Reuters |Updated 59 minutes ago |1 min read

(Reuters) - Auto parts distributor O'Reilly Automotive missed analysts' estimates for first-quarter profit on Wednesday, hurt by increased costs, sending its shares down more than 3% after the bell. Investments in store expansion and securing ...

United Rentals profit beats expectations on higher equipment demand

Reuters |Updated 59 minutes ago |2 min read

(Reuters) - Equipment rental firm United Rentals beat analysts' estimate for first-quarter profit on Wednesday, backed by robust demand across its markets. Shares of the company, which operates across North America and rents out equipment to ...

In this Saltwire file photo, a person rolls up the rim of their Tim Hortons cup to see if they are a winner or not, which was how the contest was run until 2021 when they decided to make it a digital-only game. SALTWIRE FILE

Roll Up to Win confusion: Cape Bretoners disappointed after Tim Hortons email mistake

Nicole Sullivan · Multi-media journalist |Updated 1 hour ago |6 min read

GRAND MIRA SOUTH, N.S. — Paula Cleveland cried when she read the prize recap email from Tim Hortons. The email came before lunch on April 17, the day the Roll Up to Win contest closed, which listed the prizes she won for 2024. The 2024 Tracker Targa ...

Walmex posts 14% Q1 net profit jump on strong sales

Reuters |Updated just now |1 min read

MEXICO CITY (Reuters) -Walmart's Mexico and Central America unit posted a 14.4% year-on-year rise in its first-quarter net profit on Wednesday, fueled by strong same-store sales growth across its markets. Walmart de Mexico, the country's largest ...