(Reuters) - U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump's likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic transaction in the next five years.
By Amrutha Gayathri (Reuters) - Canadian plane and train maker Bombardier Inc BBDb.TO reported a slightly bigger-than-expected quarterly loss as it delivered fewer business jets and margins were negative in its commercial aircraft division, which includes CSeries jets. Revenue in the company's business jets division declined nearly 19 percent in the second quarter.
SNC-Lavalin Group Inc reported a better-than-expected quarterly profit, helped by strength in its core engineering and construction business and lower costs. SNC is undertaking a sweeping cost-cutting program expected to help lower 2016 expenses by about $100-million and boost margins in its core business as clients cut spending due to low commodity prices.