United States

Arundhati Sarkar

Hudson's Bay Co loss widens on 'hyper-promotional' retail environment

Sep 12 2019

Canadian department store operator Hudson's Bay Co reported a wider second-quarter loss on Thursday, hurt by store closures, deep discounts and declining sales at the retailer's name brand.

Pot producer CannTrust hit by new Health Canada violations

Aug 12 2019

Health Canada has found fault with cannabis production at a second CannTrust Holdings Inc facility, a month after the regulator froze sales of several tonnes of marijuana grown at another one of its Ontario operations.

Canada's Magna trims sales forecast in trade war hit

Aug 08 2019

Canada's Magna International Inc trimmed its sales forecast for the second time this year, as weak global demand and the impact of U.S.-China trade tensions pushed down vehicle production in North America and Europe.

Oil producer QEP ends sale process, settles with activist Elliott

Aug 07 2019

QEP Resources will remain an independent oil and gas producer after ending a half-year process to sell itself without a deal, the company said on Wednesday, deciding instead to work with a rebuffed suitor to identify further cost savings.

Burger King owner dishes up profit beat as new products boost traffic

Aug 02 2019

Restaurant Brands International Inc's quarterly profit beat expectations on Friday, as product launches including the plant-based Impossible Whopper drew diners to Burger King, and its investments abroad paid off.

TC Energy says U.S. court lifts order blocking Keystone XL pipeline work

Aug 01 2019

TC Energy Corp's long-delayed Keystone XL oil pipeline took a small step forward this week, after a U.S. court overturned an injunction that barred certain work on the project, the company said.

Hess posts smaller-than-expected loss, raises production forecast

Jul 31 2019

Hess Corp reported a smaller-than-expected quarterly loss on Wednesday, helped by lower exploration costs and a surge in output in its Bakken shale and Gulf of Mexico assets that also prompted the company to raise its 2019 production forecast.

Loblaw says third-quarter profit to take a hit from late Thanksgiving

Jul 24 2019

Loblaw Cos Ltd said on Wednesday a shift in Thanksgiving holiday this year would hit its third-quarter same-store sales and profit, sending its shares down as much as 4%.

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