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The Latest Breaking News from North America

Gucci To Accept Bitcoin, Dogecoin, Shiba Inu In Several Stores

Luxury retail brand Gucci has reportedly embraced payments in the form of cryptocurrencies in some stores operated in North America.

Benzinga

McLaren takes Miami in bid to become North America's team

The McLaren Formula One team has taken Miami by storm ahead of Sunday's inaugural grand prix

The Independent UK

Tupperware Shares Plunge On Q1 Miss, Underperformance Across All Segments

Tupperware Brands Corp (NYSE:TUP) reported a first-quarter FY22 sales decline of 16% year-on-year to $348.1 million, missing the consensus of $356.8 million. Net sales were down in all segments, with the decrease primarily driven by lower recruiting and overall sales force activity, due to the Russia/Ukraine conflict and lockdowns caused by the Omicron…

Benzinga

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Exeter Airport launches North America flights in tourism 'boost'

Air Lingus and Emerald Airlines will fly passengers between the South West and the US and Canada via Dublin

Birmingham Post

Precolonial First Nations oyster fisheries sustained millennia of intense harvests, study shows

Researchers in Australia and North America say management of oyster reefs should incorporate Indigenous knowledge

The Guardian - AU

The annual sunflower (Helianthus annus) has a long history in North America, with evidence of its cultivation for food, ceremonial and medical use by Native Americans dating back to at least 1,000 B.C. Sunflower seeds are said to have been brought to Europe by Spanish explorers around the late 16th…

Asharq Al-Awsat

Stellantis' $2.8 billion investment secures future for Brampton, Windsor plants

The maker of Chrysler, Dodge, Jeep and Ram vehicles on Monday said it will invest $2.8 billion (3.6 billion Canadian dollars) into its Canadian operations for its electric transition, preserving the futures of both Windsor and Brampton assembly plants and creating its first battery lab in North America.

Tribune News Service

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Teva Posts Mixed Q1 Earnings, Cuts FY22 Sales Guidance Citing Copaxone Competition, Yet Shares Rise

Teva Pharmaceutical Industries Ltd's (NYSE:TEVA) Q1 sales reached $3.66 billion, shrinking 8% Y/Y, missing the consensus of $3.75 billion. The decrease is mainly due to lower revenues from generic products in North America and Copaxone, partially offset by higher revenues from Anda and generic products in the Europe segment. The adjusted gross…

Benzinga

Stellantis Pledges $2.8B To Retool Ontario Plants For EVs, Hybrids

Stellantis also said its Automotive Research and Development Centre will add 650 highly skilled engineering jobs and become North America's first battery lab.

InsideEVs

IPG Photonics Tops Q1 Aided By Robust Demand For EV Applications

IPG Photonics Corp (NASDAQ:IPGP) reported first-quarter FY22 revenue growth of 7% year-on-year to $369.98 million, beating the consensus of $334.79 million. Materials processing sales accounted for 92% of total revenue and increased 7% Y/Y with higher sales in welding, marking, 3D printing, and cleaning applications. Sales into Other applications increased 9% Y/Y, driven…

Benzinga

Lear Q1 Earnings Top Estimates; Cuts FY22 Outlook

Lear Corp (NYSE:LEA) reported a first-quarter FY22 sales decline of 3% year-on-year to $5.21 billion, beating the consensus of $5.04 billion. Global vehicle production decreased 4% Y/Y, with North America down 2%, Europe shedding 18%, and China climbing 8%. Net sales from North America rose 9.3% Y/Y, Europe and Africa fell 13.8%, Asia…

Benzinga

Get ready for a total lunar eclipse, Chicago. Here's where you can view it

CHICAGO — The Chicago area and much of North America will experience a total lunar eclipse on May 15, according to the Adler Planetarium. Weather permitting, Chicagoans will be able to see the eclipse starting at 8:32 p.m.

Chicago Tribune

Rare fossil of ancient dog species discovered by paleontologists

SAN DIEGO -- Sometime around 14,000 years ago, the first humans crossed the Bering Strait to North America with canines, domesticated dogs they used for hunting, by their side.

Tribune News Service

Stellantis Investing $2.8 Billion In Canadian Plants For EV Future

Some of the money will go towards creating Stellantis' first battery lab in North America.

Motor1

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Benzinga

Stellantis Ramps Up Canadian Operations To Support Electrification Plans

Stellantis NV (NYSE:STLA) plans to invest C$3.6 billion ($2.8 billion) in its Windsor and Brampton (Ontario) Assembly Plants and to expand its Automotive Research and Development Centre (ARDC). The move supports Stellantis' strategy to invest C$45 billion ($35 billion) through 2025 in electrification and software globally. The investment brings the company's total investment…

Benzinga

What's Going On With Pason Systems Shares Today

Pason Systems Inc. (TSX:PSI) (OTC:PSYTF) price target has been raised to C$23 from C$22 by RBC Capital analyst Keith Mackey while maintaining the Outperform rating on the shares. The analyst mentioned that Pason reported strong 1Q22 results, highlighting growth in revenue per industry day and EBITDA margins. Mackey stated that global drilling activity remains strong,…

Motor1

Land Rover Defender 30th Anniversary Edition Is A $76k Homage To 1993

Only 500 will be built for North America.

Benzinga

Ceragon's Q1 Top-Line Misses Street View; Margins Shrink On Semiconductor Crisis, Shipping Costs; Slashes FY22 Guidance

Ceragon Networks Ltd (NASDAQ:CRNT) reported first-quarter FY22 revenue growth of 2.9% year-on-year to $70.3 million, missing the consensus of $71.2 million. Ceragon saw strong bookings in North America, India, Europe, and LATAM, with a trailing 12 months book-to-bill above 1. In North America, Ceragon acquired five new G customers, including DISH Network Corp (NASDAQ:DISH) and private…

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The Guardian - UK

Revival of LA Dodgers under Todd Boehly bodes well for Chelsea

The hedge fund billionaire helped rebuild the Dodgers in one of the most dramatic turnarounds in North American sports

The Hindu

Scindia holds talks with U.S. aerospace giants on bolstering alliance with India

The Civil Aviation Minister is in New York for his first leg of his visit to North America.

The Independent UK

US Army Chinook helicopters help set up base camp on Denali

Those wishing to climb North America’s tallest peak got a leg up this week from the U.S. Army

Benzinga

Ford, GM Halt Production At Some North American Plants: What You Need To Know

General Motors Co (NYSE: and Ford Motor Co (NYSE: GM) are halting production at some of their plants in the U.S.

Benzinga

Why A O Smith Shares Are Sliding Today

A O Smith Corp (NYSE:AOS) reported first-quarter FY22 sales growth of 27% year-over-year to $978 million, beating the consensus of $967.05 million. Adjusted EPS improved 31% Y/Y to $0.77, beating the consensus of $0.75. Gross margin contracted 260 bps to 35%. North America segment sales rose 32% to $730.1 million, driven by…

Benzinga

Tempur Sealy Q1 Earnings Tops Estimates, Cuts FY22 Outlook

Tempur Sealy International Inc (NYSE:TPX) reported first-quarter FY22 sales growth of 18.7% year-on-year to $1.24 billion, beating the consensus of $1.20 billion. Sales in North America rose 5.4% Y/Y, and the International segment sales gained 92%. Gross margin for the quarter contracted 180 basis points to 42.2%, and the gross profit rose 13.9%…

Benzinga

LKQ Q1 Earnings Top Estimates; Raises FY22 Outlook

LKQ Corp (NASDAQ:LKQ) reported first-quarter FY22 sales growth of 5.6% year-on-year to $3.35 billion, marginally above the consensus of $3.30 billion. Revenue in North America rose 14.2% Y/Y, and Europe increased 1.8%. Gross margin for the quarter compressed 30 basis points Y/Y to 40.5%. Operating margin contracted 60 basis points to 11.1%, and…

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