OTTAWA, Dec 12 (Reuters) - The Canadian government has sold its roughly 6% stake in Air Canada ( ACDVF ) in the past few days, the Globe and Mail reported on Thursday, citing a source. The government sold its Air Canada ( ACDVF ) shares at an average selling price of about C$25 a share, the newspaper reported. Ottawa had...

12:15 PM EST, 12/12/2024 (MT Newswires) -- GXO Logistics' ( GXO ) is anticipating continued growth momentum in the coming quarters, which should improve valuation multiple, Oppenheimer said Thursday in a note. GXO's new business momentum has remained consistently strong as the company has leveraged its scale/multi-national scope/advanced automation capabilities to capitalize on secular supply chain outsourcing tailwinds, the firm...

12:12 PM EST, 12/12/2024 (MT Newswires) -- (Updates with Meta's comment starting in the fifth paragraph.) Alphabet (GOOG, GOOGL) and Meta Platforms ( META ) , along with other tech giants, are set to face new regulations in Australia that would require them to partner with local media and pay for news shared on their respective platforms, according to reports...

BRUSSELS, Dec 12 (Reuters) - Volkswagen's Audi plant in Brussels will cease production by Feb. 28 next year, Audi spokesperson Peter D'hoore said on Thursday, after the company said no alternatives to closure had been found. The decision to close the Brussels factory is painful. Personally, it was the toughest decision I've ever had to make in my professional career,...