Bombardier to report earnings as future of the company hangs in the balance

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 99%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Bombardier Inc. is set to report earnings today as rumours continue to swirl around the potential sale of one of its two main divisions.

Media have reported negotiations over a possible sale of the plane-and-train maker's Quebec-based business jet unit or its Berlin-based rail subsidiary as the company scrambles to dig itself out of US$9.3 billion in debt.

Quebec Economy Minister Pierre Fitzgibbon offered up a cryptic teaser Wednesday, telling reporters Bombardier would unveil "positive" news for the province this morning. Bombardier, founded in Valcourt, Que., in 1942 as a snowmobile manufacturer, turned a profit in 2018 for the first time in five years as its business jet unit delivered and despite several train project challenges.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bunch of sap suckers! We have the most pathetic government on the planet! Easier to suck dry his own people and give to useless companies like bombardier n even SNC!!! Who cares it's a Canadian company! There are so many famtastic other Canadian companies out there! Help them!

Is Bombardier a government subsidize company that would find it hard press to compete without government help?

Shut it down!

No, as the future of Canadian taxpayers hangs in the balance

Now government handouts are to be referred to as “earnings” from now on people!

Do they mean taxpayer contributions?!?!?

earnings? ha ha

Do Not Believe BNN Or Bombardier BNN Is The Biggest Lier With Crooks And Managers Of Greedy For More Tax Dollars . Goes For POT GROWERS OF CANADA . JUST BIG RIP OFF ARTITIS OF ALL TIMES . FAKES FAKES $$$

Do they count taxpayer bailouts as earnings?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alstom’s board to decide on possible offer for Bombardier’s rail business: reportFrench TV station BFM reported earlier on its website that Alstom is set to make a firm offer for the Bombardier division, valuing it at just under $7-billion
Source: globeandmail - 🏆 5. / 92 Read more »

Some cannabis companies are mere months away from running out of cashLiquidity a more pressing concern for Canadian cannabis companies than for their U.S. counterparts, report says Turdeau will be the first drug dealer to figure out a way not to make money off of legalizing pot. Massive flow of tax dollars coming. Hey if it weren't horribly overpriced and generally of poor quality, you might've had a shot at success with this! Still can't beat the BC buds in quality or price. That's never gonna change as long as the govt has a hand in the production here in Ontario.
Source: nationalpost - 🏆 10. / 80 Read more »