Competition Commissioner Matthew Boswell is getting one last chance to try to scuttle Rogers Communications' planned $20-billion takeover of Shaw Communications, with the Competition Bureau's appeal set to be heard before the courts later this morning.
to try to scuttle Rogers Communications' planned $20-billion takeover of Shaw Communications, with the Competition Bureau's appeal set to be heard before the courts later this morning. Boswell's looking to overturn an earlier decision that greenlit the deal, which he argues is deleterious to telecom competition, arguing there were errors in how the Competition Tribunal assessed the planned $2.85-billion sale of Shaw's Freedom Mobile unit to Quebecor's Vidéotron.
its adjusted EBITDA margin outlook for last year. The company says it expects margins to come in at about 4.3 per cent for fiscal 2022, below the 4.8-5.0 per cent range it originally forecast back in November. The auto parts firm says a number of factors are at play, including underperformance at certain facilities and higher labour inefficiencies due to unpredictable production schedules on the part of customers.
General Electric is forecasting a lower-than-expected adjusted profit for 2023 – a range of US$1.60-$2.00 against street expectations for US$2.37 – as the company faces persistent problems at its money-losing renewable energy unit. Similar story over at Verizon, where profit expectations missed Wall Street estimates, as the company's costly wireless promotions weigh on the bottom line.Notable earnings: Microsoft, Canadian National Railway, Texas Instruments, Verizon Communications, Johnson & Johnson, Halliburton, General Electric, Metro Inc., 3M, Lockheed Martin
Federal Court of Appeal will hear the Competition Bureau's appeal of the Competition Tribunal's decision to allow Rogers Communications proposed takeover of Shaw Communications
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