) rose in the wake of chief executive Vince Tyra, fighting to win support for his leadership ahead of a crucial shareholder meeting next month, sayingSpeaking during an investor update Monday after his first 90 days as Gildan CEO, Mr. Tyra outlined how he’s spent his time so far. And he provided a snapshot of his general strategic priorities for the company, whose future could be decided in a proxy contest in the weeks ahead.
Investment banking revenue climbed 16 per cent from a year ago, while fixed-income underwriting remained a bright spot for a second quarter in row, driven by higher bond issuance. Total revenue for the institutional securities division that houses investment banking, equities and fixed income stood at US$7-billion, compared with US$6.8-billion a year ago. Fixed income trading revenue slid 4 per cent, while equities rose 4 per cent.
The oldest U.S. bank saw its assets under custody increase as hopes of a soft landing for the economy led to a market rally. BNY said net income applicable to common shareholders rose to US$953-million, or US$1.25 per share in the first quarter, up from US$911-million, or US$1.13 per share in the same period last year.
This is the healthcare conglomerate’s first full public disclosure on the financial impact of the data breach, which disrupted services at pharmacies, hospitals, doctors’ offices and other providers as well as at community health centers in the United States. UnitedHealth is yet to disclose the amount of personal data that was breached in the hack. It must report that information within 60 days as required by federal law.
Barrick reported a total preliminary output of 940,000 ounces of gold and 40,000 tons of copper in the three months ended March 31, down from 1.05 million ounces of gold and 113 million pounds of copper in the previous quarter. “I suspect from the fire and equipment it’s not going to be a short time,” Schmidt told Reuters in a phone interview.
The two organizations say the partnership will provide additional training capacity while Nav Canada, which has previously acknowledged flight delays stemming in part to a lack of air traffic controllers, continues to deliver existing training programs across the country. A resilient U.S. economy, buoyant equities and a flurry of large deals have reignited hopes of a nascent economic recovery, although industry executives have expressed guarded optimism.
“Bank of America’s sales and trading businesses continued their strong 2023 momentum this quarter, reporting the best first quarter in over a decade,” chief executive officer Brian Moynihan said. “We probably expect this year to be flattish, maybe a little bit up in the United States, as we prepare for some contracts to preserve volume, but maybe give a little bit on price for the longer term,” Mr. Wolk said.
Sales of cancer drug Darzalex jumped about 19 per cent to US$2.69-billion, about in line with expectations. The multiple myeloma treatment is expected to bring in sales of more than US$11-billion for J&J this year, according to analysts. Several U.S.-based service centres saw heavy layoffs effective immediately, primarily of sales staff and technicians, one source said. Another location laid off all front-of-house staff, the source said.
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