
Air Canada Offers 32.5% Increase for Flight Attendants in Contract Talks
The union representing the airline's more than 10,000 flight attendants announced Tuesday that its members voted 99.7% to strike, putting them in a legal position to walk off the job as soon as Aug. 16. Airlines usually begin winding down operations and canceling flights days before a potential labor disruption.
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Iron Mountain (IRM) Updates Guidance and Announces Dividend Amid Reporting Financial Loss
Iron Mountain recently declared a quarterly cash dividend and raised its earnings guidance for 2025, despite reporting a net loss in Q2, with sales and revenue showing year-over-year increases. Over the last quarter, the company's share price declined 6.93%, which contrasts with the broader market's flat movement and upward trend. This decline may have been exacerbated by its removal from several indices and its Q2 financial results, which included a net loss. These factors likely added weight to the broader market trends, marking a challenging period for Iron Mountain amidst generally positive market conditions. Every company has risks, and we've spotted 6 risks for Iron Mountain (of which 2 don't sit too well with us!) you should know about. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Iron Mountain's recent dividend declaration and increased earnings guidance could suggest optimism despite Q2's net loss, driving close attention to its strategic shifts towards data center expansion and digital solutions. While these sectors present promising growth fueled by AI and cloud demand, the challenging near-term share price reflects broader market volatility and uncertainties around index removals and financial performance. Over five years, the company achieved a substantial total return of 281.21%, which is a stark contrast to the past year's underperformance compared to both the overall US market and the Specialized REITs industry, indicating potential volatility in adapting its business strategies. The current circumstances place emphasis on how Iron Mountain's transition impacts future revenue and earnings. Analysts forecast robust growth, setting a price target of US$115.3. With a current share price of $90.04, there's a noticeable upside potential of approximately 28%. However, risks from elevated debt levels and increased regulatory scrutiny could challenge this outlook. As the company balances these pressures with investments in expansion and technology, the market will likely assess how these factors interplay with achieving its long-term earnings forecasts. The analysis detailed in our Iron Mountain valuation report hints at an deflated share price compared to its estimated value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include IRM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Bloomberg
11 minutes ago
- Bloomberg
Zurich Insurance Beats Estimates Despite California Wildfire Hit
Zurich Insurance Group AG posted a 6% gain in profit for the first half of the year as the insurer shook off losses from the California wildfires. Group operating profit rose to a record $4.22 billion the insurer said on Thursday, beating an analyst estimate of $4.16 billon. Net income increased 1% to $3.07 billion from the same period a year earlier.

Associated Press
11 minutes ago
- Associated Press
How India ended up facing steep US tariffs despite its strategic partnership
NEW DELHI (AP) — U.S. President Donald Trump has vowed additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. India has called the additional tariffs 'unfortunate.' Trump's Wednesday announcement came as India and the U.S. are still negotiating a trade deal that has faced roadblocks after it was first announced when Indian Prime Minister Narendra Modi met Trump in Washington earlier this year. It also comes at a time when ties between India and the U.S. appear to have taken a hit even as Modi and Trump share a warm relationship. Here is how India, a strategic partner of the U.S. in Asia, ended up facing steep tariffs: February Trump imposes tariffs on Canada, Mexico and China. He initially spares India, despite repeatedly calling the country a 'tariff king,' but threatens that high tariffs are coming. February 14 Modi meets Trump in Washington in an effort to resolve trade concerns. Trump again warns of higher U.S. tariffs on Indian goods. India and the U.S. agree to work on a trade deal and expand bilateral trade to $500 billion by 2030. They don't share details as to how the target would be achieved. Modi says he expects a deal to be completed later this year. March 3 India's trade minister, Piyush Goyal, visits Washington and meets his counterparts to initiate negotiations for the bilateral trade agreement. April 21 U.S. Vice President JD Vance meets Modi in New Delhi and says both sides are making progress on trade talks. India and the U.S. also finalize the terms of reference for the trade negotiation, bringing them a step closer to an agreement. May 10 Trump says he stopped military hostilities between India and Pakistan by offering possible trade concessions to both. India is angered by Trump's claims and disputes them. May 17 Trade minister Goyal leads a team of senior Indian officials to Washington for more negotiations. India's commerce secretary says the proposed bilateral trade agreement is progressing 'very well.' June 27 Trump signals a deal may be close. 'We're having some great deals. We have one coming up, maybe with India, a very big one, where we're going to open up India,' he says. July An Indian trade delegation visits Washington for another round of discussions, which end without reaching a breakthrough. July Goyal says India is ready to make trade deals in 'the national interest,' but not just to meet deadlines. July 31 Trump imposes 25% tariffs on Indian imports. He warns of further penalties for India because of its buying of Russian oil, and calls its economy 'dead.' August 6 Trump vows an additional 25% import taxes on India to punish the country for its purchases of Russian oil, bringing combined tariffs to 50%. The tariffs are set to go into effect after 21 days.