Costs
Fox profit beats estimates as lower costs help offset ad revenue weakness
Fox Corp beat Wall Street estimates for third-quarter profit on Wednesday (May 8), due to lower expenses, even as its revenue tumbled more than 15 per cent on weakness...
BMW says costs, low used car prices to weigh on 2024 pre-tax profit
BMW said on Wednesday (May 8) it expects a slight drop in pre-tax profit this year due to higher research and development, manufacturing and personnel costs, with a decrease...
China’s CICC demotes senior bankers, cuts pay to slash costs
CHINA International Capital Corporation (CICC) is planning to demote some of its senior bankers and cut their pay, sources with knowledge of the matter said, an unusual move that...
BNP weighing up to 150 job cuts in Geneva to slash costs
BNP Paribas is considering eliminating as many as 150 jobs in Geneva in a bid to cut costs and streamline its operations, according to sources familiar with the matter.
The...
Air Canada reports bigger loss than market expectations as costs rise
Air Canada reported a bigger first-quarter loss than market expectations on Thursday (May 2), as higher operating costs tied to labour and aircraft maintenance dampened gains from a rebound...
Canadians are being driven abroad to live due to high costs: report
Article contentA new report lends insight into Canadians who leave the country, estimated to number around four million in 2016, or about 11 per cent of the population according...
US: Wall St opens lower on labour costs data
Wall Street’s main indexes opened lower on Tuesday (Apr 30) after stronger-than-expected labour costs signalled persistent inflationary pressures, while caution prevailed ahead of the Federal Reserve’s interest rate decision.The...
Lufthansa to cut costs, stop projects as strikes hurt profit
Deutsche Lufthansa said it will initiate a cost-cutting drive at the namesake airline business that includes freezing projects and review hiring in some areas after Europe’s largest carrier was...
