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  • News
    The Canadian Press

    CP NewsAlert: Killer whale calf trapped in B.C. swims out of lagoon

    ZEBALLOS, B.C. — The young killer whale trapped for more than a month in a B.C. lagoon swam past a bottleneck at high tide this morning. The Ehattesaht and Nuchatlaht First Nations say the team is ecstatic, although she still has to leave the Inlet to reach open ocean. More coming. The Canadian Press

  • Business
    Yahoo Finance Video

    What Chevron, Exxon Q1 earnings mean for gas prices

    Shares of Exxon Mobil (XOM) and Chevron (CVX) traded lower on Friday as both companies revealed a year-over-year decline in first quarter revenue due to refining margins being lower. Will these reports have an effect at the pump? Yahoo Finance Reporter Ines Ferré joins Wealth! to break down the potential impact on gas prices and what consumers and investors should keep in mind moving forward. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

  • Business
    Yahoo Finance Video

    Why Newell Brands is trimming its brand portfolio: CEO

    Shares of Newell Brands (NWL) are trading higher on Friday after the company posted its first quarter report, revealing an increase in gross and operating margins. However, the company saw net sales for the quarter fall 8% year-over-year, citing the impact of unfavorable foreign exchange and business exits. Newell Brands CEO Chris Peterson joins Yahoo Finance Executive Editor Brian Sozzi to give insight into the company's performance for the quarter and the logic behind its strategic operations. Peterson elaborates on the company's focus with certain brands: "We made the strategic choice to focus on the top 25 brands. Over the course of the last nine months, we've already reduced the company's brand portfolio from 80 brands down to about 60, so the quality of the portfolio is improving. Similarly, we made choices on geographies. We play in about 42 countries around the world, but the top ten countries represent about 90% of our sales and profit, so that's where we're focused... I don't believe that the large-scale M&A is needed to drive shareholder value for the company in the next few years." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino

  • Business
    The Canadian Press

    Cenovus fined $2.5 million for biggest oil spill in Newfoundland and Labrador history

    ST. JOHN'S, N.L. — Cenovus Energy has been ordered to pay a $2.5-million fine for its role in the largest offshore oil spill ever recorded in Newfoundland and Labrador. The fine was handed down in provincial court this morning, and the company has 30 days to pay up. The 2018 spill from a flowline connector in the White Rose oilfield released about 250,000 litres of oil into the Atlantic Ocean, off the coast east of St. John’s. N.L. The spill happened when the field was operated by Husky Energy,