Welcome to The Globe and Mail’s business and investing news quiz. Join us each week to test your knowledge of the stories making the headlines. Our business reporters come up with the questions, and you can show us what you know.
This week: BCE Inc., the Montreal-based telecom giant, on Thursday reported a 23-per-cent year-over-year drop in fourth-quarter profit. Meanwhile, Snap’s stock dropped by more than 30 per cent on Wednesday after its own fourth-quarter revenue fell short of expectations. But it wasn’t all corporate gloom. Both Meta Platforms Inc., Facebook’s parent company, and Brookfield Asset Management Ltd. had better weeks. Meta’s stock soared after a major corporate first while Brookfield raised its dividend by 19 per cent to 38 US cents a share.
Also: There was discontent in Hong Kong this week over a celebrity no-show, Google said Canadian fans of AI no longer need to feel FOMO and the Chinese stock has lost its mojo.
1BCE Inc. said this week it would attempt to revive its sagging profits by:
a. Slashing its work force
b. Hiking wireless prices
c. Launching a new streaming service
d. Freezing pay
a. Slashing its work force. BCE is cutting 9 per cent of its work force – about 4,800 people – in its largest restructuring in nearly 30 years. The telecom operator is struggling with falling revenue from its legacy landline business and losses at its news and radio operations.
2Media titans Fox Corp., Walt Disney Co. and Warner Bros. Discovery announced this week they plan to team up to create:
a. A universal movie library
b. An online university
c. A gaming platform
d. A sports-streaming platform
d. A sports-streaming platform. The new sports platform is expected to make its debut later this year. It could encourage even