WATERLOO, ONT. — Open Text Corp. says it earned US$98.3 million, up from US$57.6 million a year earlier.
CEO Mark Barrenechea says the stronger revenues reflect customer demand for information management and new artificial intelligence capabilities.Operating income was US$227.1 million, up from US$64.0 million a year earlier. Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices
WASHINGTON — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of roughly 5.3%.