Class Action Suit Certified

first_imgOn Sept. 26, the province of Nova Scotia and the law firm of Branch MacMaster LLP announced that they reached an agreement to settle the class action brought to address issues surrounding the former Economic Stream of the Nova Scotia Nominee Program. The agreement has been approved by the court, and class action members are now able to make a claim. Eligible class action members will each be entitled to $75,000, less the 15 per cent for legal fees that the court approved as fair and reasonable. Class action members who were paid under a business mentorship will get $75,000 less any payments the class action member received as part of their mentorship agreement. The 15 per cent legal fees will be taken from the net amount. To get a claim form, eligible class action members should visit . Alternatively, they may contact Greg McMullen, lawyer for the class, at 604-654-2999. -30-last_img read more

UPS 4Q adj. profit tops Street; solid revenue over holidays

ATLANTA — UPS’ fourth-quarter profit slipped, hampered by a hefty pension charge. Its adjusted results topped Wall Street’s view, as revenue climbed during the critical holiday shipping period.Shares rose 5 per cent in Thursday premarket trading.The package delivery company earned $453 million, or 52 cents per share, for the three months ended Dec. 31. A year earlier the Atlanta-based company earned $1.1 billion, or $1.26 per share.The current quarter included a $1.24 billion pension charge.Removing the charge and other items, earnings were $1.94 per share. That easily beat the $1.58 per share analysts surveyed by FactSet predicted.Revenue climbed to $19.85 billion from $19 billion, supported by health increases in its U.S. domestic and international package segments. Wall Street was calling for $19.97 billion in revenue.In the U.S. domestic package unit, UPS said that premium next day air revenue grew more than 10 per cent, with volume up 7.8 per cent as customers selected faster delivery options during the holidays.For 2019, United Parcel Service Inc. anticipates adjusted earnings between $7.45 and $7.75 per share. Analysts expect $7.67 per share.The Associated Press read more