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Parkland Corp. delivers strong quarter in wake of activist investor push

Published Tue, 05 Nov 2024 05:36:18 GMT

CALGARY — Less than 12 months after an activist investor critiqued its performance, fuel retailer Parkland Corp. has doubled its third quarter profit and announced it will exceed its previously announced earnings guidance for 2023.On a conference call with analysts Thursday, CEO Bob Espey hailed the Calgary-based company’s third-quarter financial results, which saw Parkland report net earnings of $230 million, up from $105 million in the same period of 2022.On an adjusted basis, Parkland earned $231 million, nearly five times its third-quarter 2022 adjusted earnings.Espey attributed the results to favourable market conditions and the company’s ongoing efforts to optimize its assets and operations. “Collectively (these results) demonstrate the quality of the business we created,” he said.“We’re doing exactly what we said we would do.”Parkland has made a number of changes to its business since last March, when U.S.-based activist investor Engi...

Foreign interference inquiry work underway, commissioner says

Published Tue, 05 Nov 2024 05:36:18 GMT

Justice Marie-Josée Hogue, the commissioner of the public inquiry into foreign interference, says her work is underway and will share more information about its process on Nov. 10.More to come

High court upholds extradition for B.C. men accused of smuggling pot in hollow logs

Published Tue, 05 Nov 2024 05:36:18 GMT

OTTAWA — Three British Columbia men who allegedly tried to smuggle marijuana into the United States in hollowed-out logs almost 20 years ago are facing extradition again, and Canada’s highest court will not intervene.The Supreme Court of Canada has refused to hear appeal applications from Todd Ferguson, Daniel Joinson and Shane Fraser.They are accused of shipping pot-packed logs from B.C.’s Okanagan and Shuswap regions to California in 2006 to supply a log home manufacturing business that California officials claim was actually a drug distribution hub. The men argued their charter rights were breached when certain wiretap evidence was allowed at trial, but the B.C. Court of Appeal rejected that defence in 2021 and ordered Ferguson, Joinson and Fraser extradited.Similar arguments in the same case were made to Canada’s highest court six years ago but it refused an application from U.S. officials who hoped to appeal a B.C. ruling that overturned the men’s 2015 e...

Lightspeed Commerce reports Q2 revenue up 25% from year ago

Published Tue, 05 Nov 2024 05:36:18 GMT

MONTREAL — Lightspeed Commerce Inc. reported a smaller loss in its second quarter compared with a year ago as its revenue rose 25 per cent.The company, which keeps its books in U.S. dollars, says it lost US$42.5 million or 28 cents per share for the quarter ended Sept. 30 compared with a loss of US$79.9 million or 53 cents per share a year earlier.Revenue totalled US$230.3 million, up from US$183.7 million in the same quarter last year.On an adjusted basis, Lightspeed says it earned four cents per share in its latest quarter compared with an adjusted loss of five cents per share in the same quarter last year.In its outlook for its third quarter, Lightspeed says it expects revenue between US$232 million and US$237 million and adjusted earnings before interest, taxes, depreciation and amortization of about US$2 million.Lightspeed also says it expects revenue for its 2024 financial year to come in between US$890 million and $905 million and adjusted EBITDA to be break even or better.Th...

Hyundai anti-theft software installations available this weekend at Sox Park

Published Tue, 05 Nov 2024 05:36:18 GMT

CHICAGO —Hyundai car owners can get free anti-theft software installed in their vehicle's this weekend.Chicago police, the Cook County Sheriff's Office and Hyundai will host three mobile clinics at White Sox Park beginning Friday.Service technicians will install the software upgrade, which should take about 30 minutes.Thefts of certain Kia and Hyundai models sky rocketed after social media videos showing how to steal them went viral. Chicago files lawsuit against Kia, Hyundai over rise in car thefts In August, Chicago filed a civil lawsuit against the car makers, accusing them of negligence that resulted in increased auto thefts across the city. Full details of the clinics below. And more information here Friday, Nov. 3, Saturday, Nov. 4 and Sunday, Nov. 6Hours: 8:00 am - 5:00 pmLocation: Guaranteed Rate Field (Chicago White Sox Park lot G) Address: 3423 S. Normal Ave. Chicago, IL 60616 

Condé Nast slashing more than 250 jobs 

Published Tue, 05 Nov 2024 05:36:18 GMT

(The Hill) -- Condé Nast, the media conglomerate that owns and operates Vogue, The New Yorker and Vanity Fair, along with a number of other properties, has plans to cut hundreds of jobs before the end of the year. The coming layoffs will affect some 270 employees, the New York Times reported, citing a note to employees from Roger Lynch, the company's chief executive. In his note, Lynch said the job reductions are necessary given recent digital advertising pressures, a decline in social media traffic across the industry and other factors. “While we can’t control platform algorithms or how A.I. may change search traffic,” Lynch wrote, according to the Times, “we believe our long-term success will be determined by growing the many areas that we can control, including subscriptions and e-commerce, where we directly own the relationship with our audience.” Fed holds off on rate hike for second straight meeting In a subsequent interview with the Times, Lynch said the company has been ...

Tennessee bride surprises groom with Waffle House reception

Published Tue, 05 Nov 2024 05:36:18 GMT

(NewsNation) — One Tennessee couple had the wedding reception of a lifetime at their local Waffle House.For Eli Holbrook, Waffle House means more than just an all-star breakfast. The Lebanon, Tennessee, native grew up going to the diner on South Cumberland Street.Newlyweds Mary Cate and Eli Holbrook hold their wedding reception at a Waffle House in Lebanon, Tennessee. (Photo credit: Jessica Hamblen with Life Through a Lens provided to NewsNation.)Eli joined the Marines after graduating high school and was stationed in Japan. For every homecoming, his family made a point to treat him to a warm Waffle House meal.As his bride Mary Cate Holbrook puts it, it’s Eli’s favorite place to be. She knew she wanted to incorporate the restaurant into their wedding plans somehow.Since the beginning of their relationship, she said Eli would periodically tease her by asking if they could have Waffle House cater their wedding one day. Matthew Perry cause of death report could take weeks “If you ask...

Dean's First Look: The Beatles 'Now And Then' song

Published Tue, 05 Nov 2024 05:36:18 GMT

Dean gave a quick look at the new Beatles song, 'Now and Then' released Thursday. A mini-documentary was also released describing the making of the song.Full song: (6) The Beatles - Now And Then (Official Audio) - YouTube

Australian police accuse lunch host of murdering 3 guests by putting poisonous mushrooms in meal

Published Tue, 05 Nov 2024 05:36:18 GMT

CANBERRA, Australia (AP) — The host of a weekend family lunch at her Australian country home was charged with murdering three guests with poisonous mushrooms and attempting to murder a fourth who was left fighting for life, police said on Thursday.Police arrested Erin Patterson, 49, earlier Thursday at her home in Leongatha in Victoria state where her former husband’s parents Gail and Don Patterson, both aged 70, Gail Patterson’s sister Heather Wilkinson, 66, and her husband Ian Wilkinson, 68, were invited for lunch on July 29.All four guests were hospitalized the next day and only Ian Wilkinson survived.Erin Patterson was also charged with three counts of attempting to murder her former husband Simon Patterson, 48, who became ill after eating three meals in 2021 and 2022, a police statement said.He did not attend the July lunch with his parents, who both died. ND woman accused of fatally poisoning boyfriend over $30 million inheritance Erin Patterson will remain in police custody...

Tesla’s economic impact on Central Texas is growing exponentially

Published Tue, 05 Nov 2024 05:36:18 GMT

AUSTIN (Austin Business Journal) -- Tesla Inc.'s economic impact on the Austin area continues to grow as the electric vehicle maker and its partners ramp up production.The at-times elusive company that has called Central Texas its headquarters for almost two years — and now stands as one of the region’s largest employers with a staff of more than 20,000 — offered a unique glimpse into the economic activity generated by the company’s presence in Central Texas. The details were shared during an Oct. 17 meeting with the Travis County Commissioners Court when company representatives also updated county officials on its community benefit donations for the year, which are required under its 10-year property tax abatement agreement.Company representatives shared that Tesla's gigafactory supported more than $2.1 billion in sales activity within Travis County in 2022, including its own operations and its extended supply chain. On its own, Tesla (Nasdaq: TSLA) generated $1.3 billion in sales ...