Transcontinental has improved first quarter results

Transcontinental Inc. confirms that it received $100 million by selling its U.S. direct mail business, as it reports positive news for its first quarter ended January 31, according to a story in Canadian Press. The Montreal-based printer and magazine publisher earned $27.9 million in profit for Q1, compared with a $6.4 million loss in the same period a year ago. Net earnings were 32 cents a chare