logo
Mercer International: Q1 Earnings Snapshot

Mercer International: Q1 Earnings Snapshot

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Mercer International Inc. (MERC) on Thursday reported a loss of $22.3 million in its first quarter.
The Vancouver, British Columbia-based company said it had a loss of 33 cents per share.
The pulp company posted revenue of $507 million in the period.
_____
May 1, 2025
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Daywatch: Bam Bam, the stolen support dog, reunited with his owner
Daywatch: Bam Bam, the stolen support dog, reunited with his owner

Chicago Tribune

time9 minutes ago

  • Chicago Tribune

Daywatch: Bam Bam, the stolen support dog, reunited with his owner

Good morning, Chicago. Bam Bam is home. The 14-year-old dachshund captured hearts and minds around the globe after he'd been reported stolen in June from Angel Santiago, his Logan Square owner. Santiago is legally blind because of glaucoma and relies on Bam Bam as an emotional support dog. The pair were reunited Tuesday night, police said, after a man and woman dropped Bam Bam off at the CPD 16th District station. Officers said the dog appeared in good health. Detectives are still investigating the theft, and no one is in custody. Santiago told us that he thanked God for being reunited with his beloved Bam Bam. 'I prayed every day and night,' he said. Read the full story from the Tribune's William Tong. Here are the top stories you need to know to start your day, including which suburb has put a moratorium on new business licenses, how Clarendon Hills is celebrating the village's Little League team and our picks for what to do this weekend. Today's eNewspaper edition | Subscribe to more newsletters | Asking Eric | Horoscopes | Puzzles & Games | Today in History Calling nearly $10 million in penalties that state election officials issued against Illinois Senate President Don Harmon for exceeding campaign contribution limits 'ridiculous and unconstitutional,' an attorney for the Oak Park Democrat argued yesterday the longtime legislator did not violate the political fundraising law he helped write. Regional transportation officials may transfer $74 million from Metra and Pace to the CTA in an attempt to delay catastrophic cuts to Chicago's transit system. Regional Transportation Authority board members will vote on the measure today, which the oversight body said would help delay catastrophic cuts to the CTA early next year while all three transit agencies hope lawmakers will come to their rescue with more state funding. Oberweis Dairy is opening its first new ice cream store since it was bought out of bankruptcy last summer by a Winnetka-based private equity firm. The location? The North Shore hometown of its new owners, the Hoffmann Family of Companies. Will County Board member Jacqueline Traynere, a Bolingbrook Democrat, allegedly accessed the email account of board member Judy Ogalla, a Monee Republican, last year without Ogalla's authorization, according to the charges. The Tinley Park Village Board voted this week to put a six-month moratorium on certain business licenses and zoning permits in an effort to align development with an upcoming comprehensive development plan. The Naperville City Council reversed course this week on how it would replace the lost income from the soon-to-be-defunct state grocery tax, abandoning plans to increase the city's home rule tax in favor of a local 1% grocery tax. Ben Johnson isn't sure yet how long Bears starters will play in the preseason finale tomorrow in Kansas City, but it's unlikely to be for very long. It will be interesting to see how many players at the top of the depth chart on defense are in action as injuries have started to pile up. Fortunately, most are not considered serious and many of the players could be back soon. Clarendon Hills is hosting a parade and downtown celebration tomorrow to celebrate the village's Little League Baseball team, which recently made its first appearance in the Little League World Series in Williamsport, Pennsylvania. Peter Orner keeps a small writing studio inside an old hotel on the Connecticut River, where Vermont meets New Hampshire. Across the river is Dartmouth College, where he teaches, and he's never been comfortable with its Ivy League comforts. His studio is a retreat. His window looks out on the red-bricked rear of a restaurant, where staff take smoke breaks. He misses home, he misses Chicago. Imagine a 1995 novel about a scrappy young lawyer whose clients are suing a health insurance company that refused to pay for a life-saving treatment, resulting in their son's death. Now imagine that novel is adapted into a TV series that decides to eliminate the health insurance angle altogether, writes Tribune TV and film critic Nina Metz. Beautiful things will happen this weekend, as Benson Boone packs the United Center. Maybe even something mystical magical. Here are our picks for events in and around Chicago this weekend.

US and EU frame the ongoing deal between the trading partners and solidify some commitments
US and EU frame the ongoing deal between the trading partners and solidify some commitments

The Hill

time9 minutes ago

  • The Hill

US and EU frame the ongoing deal between the trading partners and solidify some commitments

WASHINGTON (AP) — The United States and the European Union on Thursday issued a joint statement that frames the ongoing deal between the trading partners and solidifies some trade commitments. 'This Framework Agreement will put our trade and investment relationship — one of the largest in the world — on a solid footing and will reinvigorate our economies' reindustrialization,' the document reads. Together, the U.S. and the EU have 44% of the global economy. Key points in the letter include a 15% U.S. tariff rate on most European goods, with specifics on auto tariffs tied to EU legislative actions. In addition, the EU agrees to eliminate tariffs on industrial goods and many agricultural products, while the U.S. will reduce tariffs accordingly. The agreement also covers $750 billion in energy purchases and $600 billion in EU investments by 2028. The agreement also addresses non-tariff barriers, digital trade and environmental regulations. In July, President Donald Trump and European Commission President Ursula von der Leyen met briefly at Trump's Turnberry golf course in Scotland and announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Trump's threat of a 30% rate if no deal had been reached by Aug. 1. Before the Republican U.S. president returned to office for his second term, the U.S. and the EU maintained generally low tariff levels in what is the largest bilateral trading relationship in the world, with about $2 trillion, around 1.7 trillion euros, in annual trade.

Walmart reports solid second-quarter sales and profits despite a challenging tariff environment
Walmart reports solid second-quarter sales and profits despite a challenging tariff environment

The Hill

time9 minutes ago

  • The Hill

Walmart reports solid second-quarter sales and profits despite a challenging tariff environment

NEW YORK (AP) — Walmart Inc. reported increases in second-quarter profits and sales Thursday as it continues to pull in price-sensitive shoppers for everyday essentials like groceries despite a challenging tariff environment. The Bentonville, Arkansas-based company, the nation's largest retailer, also increased its annual profit and sales outlook. It's among the first group of major U.S. retailers this week to report quarterly results that should shed more light on how consumers are coping with rising prices because of higher tariff costs. The company said Thursday that it earned $7.03 billion, or 88 cents per share, for the three-month period ended July 31. That compares with $4.50 billion, or 56 cents per share, a year ago. Sales rose nearly 5% to $177.40 billion. A growing list of companies including Procter & Gamble, Cosmetics, Black & Decker and Ralph Lauren have told investors in recent weeks that they plan to or have already raised prices because of tariffs, though modestly. None of that has derailed consumer spending. Shoppers spent at a healthy pace in July, particularly at the nation's auto dealerships, even as President Donald Trump's tariffs start to take a toll on jobs. However, some of that spending could have been shoppers buying furniture and other items to get ahead of the expected price increases, analysts said. On Tuesday, Home Depot, the nation's largest home improvement retailer, reported improved sales during its latest quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty. But its performance missed Wall Street's expectations. The Atlanta-based company also said shoppers should expect modest price increases in some categories as a result of rising tariff costs, though they won't be broad-based. Target, which has been struggling to reverse a persistent sales malaise, announced a new CEO to take over in February. It reported another decline in comparable sales and said would only raise prices as a last resort. Chief Commercial Officer Rick Gomez said shoppers are focusing on value and so the discounter is leaning more into its store label brands, which tend to be less expensive than its national labels. But it's Walmart that serves as a barometer of spending given its outsized power in the retailing landscape. Walmart maintains that 90% of American households rely on the retailer for a range of products, and more than 150 million customers shop on its website or in its stores every week. Walmart had said back in May that prices had started to increase in late April and got higher in May. But it said a bigger sting would start to be felt in June and July when the back-to-school shopping season went into high gear. Analysts were expecting 73 cents per share on sales of $175.93 billion for the quarter, according to FactSet. Per share results, excluding effects of charges related to certain legal matters and from business restructuring, was 68 cents. Walmart's U.S. comparable sales — those from established physical stores and online channels — rose 4.6% in the latest quarter, slightly higher than the 4.5% gain in the fiscal first quarter. The business was fueled by groceries and health and wellness items, the company said. Global e-commerce sales rose 25%, above the 22% growth in the fiscal first quarter. The company said Thursday it expects earnings per share to be in the range of 58 cents to 60 cents for the current quarter. Analysts expect 57 cents per share, according to Factset. Walmart also expects sales to be anywhere from 3.75% to 4.75% for the current period. For the year, Walmart is raising is per share estimates to a range of $2.52 to $2.62, up from the previous estimate of a $2.50 to $2.60 range. Analysts are expecting $2.62 per share, according to FactSet. Sales are anticipated to increase to 3.75% to 4.75% up from 3% to 4% growth it projected in May.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store