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Cargojet reports Q3 profit and total revenue down from year ago

Published Sat, 22 Feb 2025 09:33:19 GMT

MISSISSAUGA, Ont. — Cargojet Inc. reported its third-quarter profit and total revenue fall compared with a year ago.The air cargo services company says it earned $10.5 million or 61 cents per diluted share for the quarter ended Sept. 30, down from $83.4 million or $4.33 per diluted share a year earlier.Revenue totalled $214.0 million, down from $232.7 million in the same quarter last year.On an adjusted basis, Cargojet says it earned 30 cents per share in its latest quarter, down from an adjusted profit of $2.18 per diluted share a year earlier.Cargojet chief executive Ajay Virmani says the volumes for discretionary items are softening, but essential household goods are holding up well. Virmani says the company is prudently trimming capital expenditures and working on identifying every cost saving opportunity. This report by The Canadian Press was first published Nov. 7, 2023.Companies in this story: (TSX:CJT)The Canadian Press

Closing arguments expected in Peter Nygard’s sexual assault trial

Published Sat, 22 Feb 2025 09:33:19 GMT

The jury in Peter Nygard’s sexual assault trial is expected to hear closing arguments from Crown and defence lawyers Tuesday.The 82-year-old former fashion mogul has pleaded not guilty to five counts of sexual assault and one count of forcible confinement in alleged incidents ranging from the 1980s to mid-2000s.Multiple complainants in the trial have alleged they were taken to Nygard’s Toronto headquarters under pretences ranging from tours to job interviews, with encounters ending in a top-floor bedroom suite where they allege they were sexually assaulted.Nygard denied those allegations as he testified in his own defence and said he has never done the things the five complainants have accused him of. Related: Peter Nygard tells his sex assault trial he wanted to ‘fully’ co-operate with police Crown suggests inconsistencies in Peter Nygard’s statements during cross examination Peter Nygard says he doesn’t r...

Pet Valu reports Q3 profit down from year ago, revenue up

Published Sat, 22 Feb 2025 09:33:19 GMT

MARKHAM, Ont. — Pet Valu Holdings Ltd. reported net income of $18.0 million in its latest quarter, down from $27.0 million a year ago, even as its revenue rose.The pet food and supplies retailer says the profit amounted to 25 cents per diluted share for the quarter ended Sept. 30, down from 38 cents per diluted share a year earlier.Revenue for the company’s third quarter totalled $262.3 million, up from $244.7 million in the same quarter last year.The company says the increase came as same-store sales gained 4.2 per cent, helped by a 4.0 per cent increase in same-store average spend per transaction and a 0.2 per cent gain in same-store transactions.On an adjusted basis, Pet Valu says it earned 39 cents per diluted share in its most recent quarter, down from an adjusted profit of 43 cents per diluted share a year earlier.In its outlook for its full year, Pet Valu says it expects revenue of between $1.055 billion and $1.065 billion. Adjusted net income per diluted share for the ...

Millennial Money: 5 ways to get kids excited about investing

Published Sat, 22 Feb 2025 09:33:19 GMT

What was your favorite thing to talk about as a kid? Maybe it was dinosaurs, or Barbie or the Magic Treehouse book series. It probably wasn’t compound interest. Getting kids excited about investing can pay off for the rest of their lives — but how do you do it?Here are five strategies to help get kids interested in investing for good.1. MAKE IT RELATABLEExplaining what investing is and why people should care about it can feel like an exercise in futility— the jargon, the math, all the acronyms— but at its core, investing is incredibly simple. Investing means taking the money you already have and using it to make more money without having to do any additional work. When talking with kids, stay away from “Roth IRA,” “dividends” and “return on investment,” and instead focus on the basics.The language should be simple: If you have $100 now, and you invest it, you may have $110 later. Then, that extra $10 you earned will start earning money, too. You can play around with an investment ca...

Lincoln Ave businesses targeted in North Side burglaries

Published Sat, 22 Feb 2025 09:33:19 GMT

CHICAGO — Police are investigating after several businesses were broken into on the North Side late Monday and early Tuesday.According to police, a group targeted businesses along Lincoln Avenue in North Center and Lincoln Square starting around 11:40 p.m. into the 1 a.m. hour.In at least three locations the group smashed the front door of the businesses and attempt to damage and take the register.Other businesses had damage to their front door. Read more: Latest Chicago news headlines Gannon’s Pub at 4264 N Lincoln Ave, Bad Apple at 4300 North Lincoln and Starbucks at Lincoln Avenue and Wilson Avenue were among the businesses hit.Police have no one in custody.

B Team takes on 'Hot Ones!'

Published Sat, 22 Feb 2025 09:33:19 GMT

We're all familiar with the show Hot Ones — where celebs are interviewed while eat some of the hottest wings on the planet. Well it gave the B Team an idea.First up - Lauren Jiggetts. And you can see the full interview with Lauren in the player below.Love the WGN Morning News? We love you, too. And you can have all the hijinks delivered to your inbox every weekday morning. Sign up and subscribe to our WGN Morning News newsletter.

APD looking for taco truck robbery suspect

Published Sat, 22 Feb 2025 09:33:19 GMT

AUSTIN (KXAN) – Austin Police said it is looking for a man suspected robbing a taco truck in southeast Austin last month. According to APD, the man entered the Taqueria Piedra Grande #2 taco truck at 1729 East Riverside Drive around 2:10 p.m. on Oct. 9. Police said he held a knife to an employee's throat, demanded money and threatened to kill her if she did not comply. Police describe the man as: Whitearound 19-24 years oldTallRed hairaround 160-180 lbs.Police say he wearing a tan and green baseball cap, blue plaid shirt, dark Shorts, running shoes and dark sunglasses.Suspect in robbery of Taqueria Piedra Grande #2 taco truck (APD photos)Anyone with information should contact APD's Robbery unit at 512-974-5092, APD said. Police will also accept anonymous tips through the Capital Area Crime Stoppers Program by calling 512-472-8477. Police said a reward of up to $1,000 may be available for any information that leads to an arrest.

Cooler, wetter weather only days away

Published Sat, 22 Feb 2025 09:33:19 GMT

AUSTIN (KXAN) -- Our afternoons in the 80s are numbered as a strong cold front looks to bring a significant change in our weather pattern later this week.Afternoon highs will run ~10° warmer than normal for this time of year with most of us in the low to mid-80s today and tomorrow. Morning clouds will partially clear to allow for sunshine late day, with rain holding off until after midnight Wednesday night.Late week cold frontA storm system trekking east across the Plains will send a cold front our way on Thursday. We currently expect the cool air to arrive in the Hill Country early Thursday morning, Austin Metro area late-morning, and eastern counties by Thursday afternoon. This will send temperatures dropping and bring periods of rain through much of the day.Next cold front arrives ThursdayRainfall looks to total anywhere from 0.5"-1.5" by the end of the day Friday, but a few pieces of energy behind the cold front will keep the potential for accumulating rain in the forecast throu...

Texans to vote on funding for state parks revamp

Published Sat, 22 Feb 2025 09:33:19 GMT

AUSTIN (Nexstar) — Texans will soon vote on a proposition to revamp state parks in Texas in the Nov. 7 constitutional amendment election.Texas Proposition 14, originating from S.J.R 74, would establish the Centennial Parks Conservation Fund to help the acquisition, development, and maintenance of state parks. The fund would be administered by the Parks and Wildlife Department.BackgroundLuke Metzger, executive director for environmental advocacy group Environment Texas, emphasized how state parks are “bursting at the seams” currently.“Too many people have the experience in Texas where you have to plan many months ahead of time to book a campsite,” Metzker said. “We need to make it as easy as possible for people to get outside and experience the great outdoors.”Lawmakers passed the proposal with overwhelming support. State Sen. Sarah Eckhardt (D- Austin) emphasized how this proposition would benefit taxpayers.“It does not raise your taxes,” Eckhardt said. “It may even save y...

Round Rock leaders warn voters of 'misleading' petition circulating at polls

Published Sat, 22 Feb 2025 09:33:19 GMT

ROUND ROCK, Texas (KXAN) -- The city of Round Rock issued a warning to voters ahead of Tuesday's general election to be aware of a "misleading" petition circulating outside of polling sites that is calling for a charter amendment to add up to 12 billboards along I-35 within city limits.The petition is being pushed by a group called Keep Round Rock Safe. Its website says it is a coalition of local Round Rock businesses that are advocating for the installment of Electronic Message Centers (EMC). The website claims EMCs are an effective tool for "economic growth, heightened public safety, and emergency responsiveness." City does not agree with petitionA city spokesperson said there are claims on the website that are not true. The site says, "Round Rock city leaders agree with us," but that is not what Round Rock leaders are saying. "From what we have been told by city council, this is not something that they are interested in revisiting in terms of our sign ordinance," Sara Bustilloz, ...