business

Ryanair CEO launches expletive-ridden tirade against Boeing

Ryanair CEO launches expletive-ridden tirade against Boeing

“At the moment we think Boeing management is running around like headless chickens, not able to sell aircraft, and then even the aircraft they deliver, they’re not able to deliver them on time,” said Michael O’Leary, CEO of Ryanair , Europe’s largest discount carrier, which has ordered nearly 400 jets from Boeing since 2010. O’Leary …

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Auto supplier Magna uniquely positioned to benefit from electric trucks

DETROIT – If electric pickup trucks from the Detroit automakers take off, auto supplier Magna International is in a unique position to benefit from producing a crucial part of the vehicles. The Canadian company produces the enclosures that house the lithium-ion batteries of the Ford F-150 Lightning and Hummer EV pickups. The parts are highly …

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How Freedom Mobile disrupted the Rogers, Bell and Telus ‘oligopoly’ — and why the Competition Bureau wants to save it

If you thought Canada’s wireless market was uncompetitive, it’s not just in your head. The Competition Bureau agrees, and this week it laid out hundreds of pages of evidence pointing to the “comfortable oligopoly” and “history of parallel co-ordinated behavior” by the big three national cellphone carriers, Rogers, Telus and Bell. But since Rogers announced …

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5 things to know before the stock market opens Thursday, May 12

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures drop after Wall Street extends its multiday losing streak Traders on the floor of the NYSE, May 11, 2022. Source: NYSE US stock futures dropped Thursday as the broad sell-off and revaluation of risk assets …

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