Air Canada has announced its impressive financial results for the second quarter, exceeding market expectations. The Canadian airline reported a net profit of 838 million Canadian dollars ($623.1 million), or C$2.34 per share, marking a significant improvement compared to a loss of C$386 million, or C$1.60 per share, in the same period last year. Fuelled by robust demand for … [Read more...] about Air Canada Reports Strong Q2 Performance
U.S. Inflation Faces Risks of Re-Acceleration
Data released by the Labor Department suggests that U.S. inflation has significantly slowed down in recent months. However, some analysts are warning that there are potential risks of re-acceleration in the fourth quarter or next year. In July, U.S. consumer prices rose by a modest 0.2%. The yearly rate of inflation also increased from 3% to 3.2%, marking the first increase in … [Read more...] about U.S. Inflation Faces Risks of Re-Acceleration
Trucking and Logistics Company Raises Capital for Expansion
By Anthony Harrup Mexico City--Trucking and logistics company Grupo Traxion recently completed a successful follow-on offering, selling 143.3 million shares to raise capital for its expansion plans. The company aims to take advantage of Mexico's growing nearshoring trend. In the offering, Grupo Traxion sold 84.7 million shares in a primary offering and 58.6 million shares in a … [Read more...] about Trucking and Logistics Company Raises Capital for Expansion
AMC Entertainment Settles Shareholder Dispute
AMC Entertainment, the movie-theater chain, has reached a settlement with certain shareholders that will allow it to proceed with its plan to issue more common shares. The company seeks to convert its preferred equity units, known as Apes, into common shares and implement a 10-for-1 reverse stock split. These measures are aimed at raising capital to address the company's debt. … [Read more...] about AMC Entertainment Settles Shareholder Dispute
Sealed Air Cuts Outlook as Demand Slows
Sealed Air, the renowned manufacturer of packaging materials, including the beloved bubble wrap, is facing a challenging period due to sluggish demand. As a result, the company has revised its full-year sales and adjusted earnings projections. Revised Sales Outlook The Charlotte, N.C.-based company now expects its annual sales to range between $5.40 billion and $5.60 billion. … [Read more...] about Sealed Air Cuts Outlook as Demand Slows
