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Search resuls for: "Mark Blinch"


4 mentions found


☆ BlackBerry takes a knock as cybersecurity revenue drop clouds automotive demand
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +2 min
A sign is displayed on the building Blackberry's offices in Waterloo, Ontario, Canada, May 29, 2018. The company said in an earnings call that cybersecurity segment revenue in the third quarter is expected to be flat year-on-year. BlackBerry's QNX software is now embedded in over 215 million vehicles worldwide, helped by surging demand for electric vehicles and connected-car technologies. read moreTotal revenue fell 4% to $168 million for the quarter ended Aug. 31, compared with a consensus estimate of $166.7 million, according to IBES data from Refinitiv. Excluding items, the company posted a loss of 5 cents per share, narrower than analysts' expectations of loss of 7 cents.
☆ Analysis: Loonie bulls reel as Bank of Canada trails Fed on terminal rate bets
  + stars: | 2022-09-27 | by ( Fergal Smith | ) www.reuters.com   time to read: +4 min
A Canadian dollar coin, commonly called a "loonie," and an American dollar bill are seen in this staged photo in Toronto, March 17, 2010. ,A lower terminal rate for the BoC than the Fed is not uncommon, but it threatens to pour cold water on Canadian dollar bulls' expectations that interest rate differentials would help underpin the currency over the coming year. The Canadian dollar has weakened 7.5% against the greenback since the start of the year. Canada's housing market has slowed rapidly in recent months, while its share of the economy, at 9%, is nearly twice that of the U.S. housing market. "Canada's economy is simply more interest rate sensitive than the U.S. economy," said Royce Mendes, managing director and head of macro strategy at Desjardins.
☆ U.S. theft claims soar for Hyundai, Kia vehicles, non-profit group says
  + stars: | 2022-09-22 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
Hyundai vehicles are lined up in the company's presentation area during the North American International Auto Show in Detroit, Michigan, U.S., January 10, 2017. REUTERS/Mark Blinch/File PhotoWASHINGTON, Sept 21 (Reuters) - U.S. theft claims were nearly twice as common for Hyundai Motor (005380.KS) and Kia Corp (000270.KS) vehicles compared with all other manufacturers among 2015 through 2019 model-year vehicles, a non-profit group said Thursday. Hyundai said engine immobilizers became standard on all vehicles produced after Nov. 1, 2021, while Kia said it added immobilizers in all vehicles during the 2022 model year. The majority of Kia vehicles in the United States are equipped with a key fob and 'push-button-to-start' system, making them more difficult to steal." But they were standard on only 26% of 2015 model year Hyundai and Kia vehicles, it said.
☆ Loop Energy says new hydrogen fuel cell more efficient than diesel engine
  + stars: | 2022-09-18 | by ( Nick Carey | ) www.reuters.com   time to read: +2 min
REUTERS/Mark Blinch/File PhotoSept 18 (Reuters) - Hydrogen fuel cell maker Loop Energy (LPEN.TO) said on Sunday that its latest cell system can deliver better fuel economy than a diesel engine at current price levels. Hydrogen fuel cells have faced two challenges for broad adoption: they have so far been less efficient than diesel and fuelling infrastructure in Europe is virtually non-existent. "This brings the future forward," Loop Energy Chief Executive Ben Nyland told Reuters. Nyland said that Loop Energy aims to provide the fuel cell system to startup truck makers and as part of hydrogen powertrains provided to big truck makers by major suppliers. The company's biggest shareholder is U.S. engine maker Cummins (CMI.N), which holds a more than 20% stake in Loop Energy.
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