TOKYO — Japanese automaker Honda Motor Co. has reported a 12 per cent rise in its fiscal fourth quarter profit thanks to growing sales and cost cutting. Tokyo-based Honda said Friday it posted a January-March profit of 107.7 billion yen ($988 million), up from 95.9 billion yen a year earlier. That’s on sales of 3.9 […]
LONDON — Royal Bank of Scotland says first-quarter profit more than tripled as it moved past the havoc wreaked by the global financial crisis. The bank, which was bailed out by British taxpayers in 2008, said Friday that net income rose to 792 million pounds ($1.1 billion pounds) from 259 million pounds in the same […]
DENVER — Colorado teachers are protesting to call for higher salaries and increased funding for schools, prompting questions about why the state’s booming legal marijuana sales have not fixed the problems. The 2012 voter-approved constitutional amendment permitting marijuana sales to adults got a boost from a commitment to send millions of dollars to Colorado schools. […]
MONTREAL — Loyalty rewards company Aimia Inc. says CEO David Johnston is stepping down. The company said in a news release late Thursday that Johnston and the company’s board of directors “mutually agreed on his departure,” but did not elaborate. A replacement has not been named and Johnston will remain in his post until a […]
FRANKFURT — Daimler AG, maker of Mercedes-Benz luxury cars, saw its first-quarter net profit fall 11 per cent from the same quarter a year ago, when the company had one-time gains from the sale of real estate and from financial factors. The Stuttgart-based automaker said Friday that profits also slipped at its van and bus […]
SACRAMENTO, Calif. — Privacy concerns are being raised over investigators’ use of a genealogical website to find the California man they say is a serial killer and rapist. Joseph DeAngelo was arrested Tuesday after investigators say they matched crime-scene DNA using genetic material stored by a distant relative on a website. Authorities say it’s an […]
GREENSBORO, N.C. — Clifford Alexander scoops a handful of black ballpoint pens, drops them into a small box and shakes it with a blackjack dealer’s nonchalance. He slides in the next handful to make an exact dozen, and sends the box down the assembly line. Alexander, who is blind, performs the quick act again, box […]
Authorities have not allowed residents back in their homes after crews extinguished a smoky blaze at a northwestern Wisconsin refinery where an explosion injured at least 11 people and forced most of the city of Superior to evacuate. Douglas County officials said Thursday evening the fire at the Husky Energy oil refinery was out and […]
WASHINGTON — Lawmakers are harshly criticizing Environmental Protection Agency chief Scott Pruitt for the ethics and spending scandals that have prompted bipartisan calls for his ouster. On the defensive, the EPA chief blamed “half truths” and “twisted” allegations, an effort to undermine the Trump administration’s anti-regulatory agenda. The public grilling at a House hearing Thursday […]
Everyone knows the tech industry is rich, but it can be challenging to get your head around just how much money it’s minting. Four of the industry’s giants — Facebook, Microsoft, Amazon and Google parent Alphabet — reported unexpectedly large profits this week. (Amazon’s profit more than doubled Thursday.) A fifth, Apple, releases earnings on […]