Shares of Lion Electric Co. fell as much as 10.5% after the electric vehicle manufacturer missed estimates for revenue and its cash balance dropped.
Riskiest Tobacco Bonds Slide as a Drop in Smoking Hits PaymentsBrazil’s Central Bank Are Set to Slow Pace of Rate Cuts After Changing GuidanceMoney Funds Start Shuffling Assets Ahead of SEC Rule ChangesJapan’s Itochu in Talks to Buy LNG From British Columbia ProjectOnce-Loved EV Startups Teeter on Edge as Buyers Sour on IndustryPower Producers Seek Better Terms for $2 Billion Argentina DebtTreasuries Hold Day’s Losses as US Auction Met With Tepid DemandMonopoly Toymaker Hasbro Kicks Off First...
5 Billion Mine ProjectJapan’s Itochu in Talks to Buy LNG From British Columbia ProjectOnce-Loved EV Startups Teeter on Edge as Buyers Sour on IndustryPower Producers Seek Better Terms for $2 Billion Argentina DebtHedge Fund Chief Loses Fight Over $40 Million Shipwrecked SilverMauritania Seeks Gas Developer After BP’s License ExpiresCocoa Gains Almost 20% in Two Days as Severe Volatility PersistsSiemens Energy to Cut Jobs, Output in Tough Wind Unit TurnaroundThe World’s Biggest Carbon Removal...
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Electric vehicle maker Lion Electric cuts about 120 jobs as it looks to reduce costsMONTREAL — The Lion Electric Co. says it's cutting about 120 jobs as part of a plan to reduce costs. The Montreal-based maker of electric trucks and buses...
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Thomson Reuters reports Q1 revenue up, raising revenue guidance for full yearTORONTO — Thomson Reuters Corp. reported lower profits but a rise in revenue in its first quarter as it also modestly raised its expectations for revenue...
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Thomson Reuters reports Q1 revenue up, raising revenue guidance for full yearTORONTO — Thomson Reuters Corp. reported lower profits but a rise in revenue in its first quarter as it also modestly raised its expectations for revenue growth for the year. The company says it now expects total revenue growth for 2024 of between 6.
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Lion Electric reports US$21.7-million first-quarter loss as company faces higher manufacturing costsThe maker of all-electric medium and heavy-duty vehicles, which keeps its books in U.S. dollars, says the loss amounted to 10 cents per diluted share for the quarter ended March 31
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EV maker Lion Electric cuts about 120 jobs as it looks to reduce costsThe Lion Electric Co. says it's cutting about 120 jobs as part of a plan to reduce costs.
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The Daily Chase: Budget fallout continues, Lion Electric cutting jobs againHere are five things you need to know this morning.
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