BRP’s double-digit gains in Q4 profit, revenue due to strong wholesale sales

BRP’s double-digit gains in Q4 profit, revenue due to strong wholesale sales
VALCOURT, Que. — BRP Inc. says its fourth-quarter revenue was up 22.8 per cent from a year earlier, beating analyst estimates and propelling the Quebec-based company’s three-month profit to $82.7 million. The maker of Ski-Doo snowmobiles, Can-Am wheeled vehicles, boats, outboard motors and other recreational products says its fourth-quarter profit amounted to 84 cents a share, up 23.5 per cent from a year earlier. Based... Read More

Comcast to sell streaming-TV bundle for internet customers

Comcast to sell streaming-TV bundle for internet customers
NEW YORK — Comcast is launching an aggregated bundle of existing streaming-TV apps for $5 a month. The new service, “Flex,” available March 26, brings together apps that customers already pay for, like Netflix, Amazon’s video or HBO, and free services like YouTube, Pluto and Tubi, and lets users search for TV shows and movies across the different services. All... Read More

Report calls for increase in electric buses as manufacturing footprint grows

Report calls for increase in electric buses as manufacturing footprint grows
TORONTO — A new report by a green energy think-tank calls for increased investment in electric buses to both reduce emissions and boost Canada’s growing manufacturing base of the vehicles. The report by Clean Energy Canada says that while Canada is a leading manufacturer of electric buses, transit authorities are behind international peers. China is by far the leader in... Read More

EU fines Google 1.49 billion euros in advertising case

EU fines Google 1.49 billion euros in advertising case
BRUSSELS — European Union regulators have hit Google with a 1.49 billion euro ($1.68 billion) fine for abusing its dominant role in online advertising. The EU’s competition commissioner, Margrethe Vestager, announced the results of the long-running probe of Google’s AdSense advertising business case at a news conference in Brussels on Wednesday. It’s the third time the commission has slapped Google... Read More

Disney closes $71B deal for Fox entertainment assets

Disney closes $71B deal for Fox entertainment assets
Disney has closed its $71 billion acquisition of Fox’s entertainment business, putting “Cinderella,” ”The Simpsons,” ”Star Wars” and “Spider-Man” under one corporate roof. The deal is likely to shake up the media landscape. Among other things, it paves the way for Disney to launch its streaming service, Disney Plus, due out later this year. By buying the studios behind “The... Read More

Wells Fargo agrees to pay $800K in Schilling video game deal

Wells Fargo agrees to pay $800K in Schilling video game deal
PROVIDENCE, R.I. — Wells Fargo Securities has agreed to pay an $800,000 civil penalty to settle a U.S. Securities and Exchange Commission lawsuit over Rhode Island’s failed $75 million deal with former Boston Red Sox pitcher Curt Schilling’s video game company. Wells Fargo and the SEC announced the proposed settlement in filings Monday with the U.S. District Court in Providence.... Read More

Lyft opens up its IPO road show, offers 30 million shares

Lyft opens up its IPO road show, offers 30 million shares
NEW YORK — Lyft officially kicked off the road show for its initial public offering, putting 30 million shares up for sale Monday with an anticipated price of between $62 and $68 per share. That would raise more than $2 billion for the San Francisco ride-hailing company, which could be valued between $20 billion and $25 billion eventually. Lyft and... Read More

Apple refreshes iPad lineup, with larger entry-level model

Apple refreshes iPad lineup, with larger entry-level model
NEW YORK — Apple has unveiled a new iPad that’s thinner and slightly larger than its current entry-level tablet. The new iPad Air will cost $499 and sport a screen that measures 10.5 inches diagonally. That compares with the standard, 9.7-inch iPad, which Apple will still sell for $329. Apple has higher-end Pro models starting at $999. The new iPad... Read More

FIS spends $35B on Worldpay as digital payments surge

FIS spends $35B on Worldpay as digital payments surge
CINCINNATI — Fidelity National Information Services is buying Worldpay for about $35 billion with financial transactions increasingly move online. The online payment industry has been consolidating as companies attempt to scale up to better handle transactions globally, and to cut costs as start-ups challenge established players like Fidelity, often referred to as FIS, and Worldpay. Worldpay, a British company, was... Read More