United States

Shanti S Nair

Hudson's Bay Co sales slump, optimistic about China trade impact

Jun 13 2019

Canadian department store operator Hudson's Bay Co on Thursday posted a wider-than-expected loss as sales at its Lord & Taylor unit fell, but said it was optimistic about its ability to deal with the impact of U.S. tariffs on Chinese goods.

Construction firm SNC-Lavalin names interim CEO, announces strategic review

Jun 11 2019

SNC-Lavalin Group Inc, weighed by weakness in its mining division and a surprise loss last month in its construction business, named an interim CEO and announced a quick strategic review on Tuesday, boosting its slumping shares as investors hoped for a turnaround.

Oil producer Canadian Natural doubles down on Canada in $2.8 billion deal with Devon

May 29 2019

Oil and gas producer Canadian Natural Resources Ltd said on Wednesday it would buy the Canadian assets of U.S.-based Devon Energy Corp for C$3.8 billion ($2.81 billion) in cash, investing further in Canada's struggling energy sector as some rivals divest.

Canadian oil producer Husky Energy cuts long-term spending to boost cash flow

May 28 2019

Husky Energy Inc on Tuesday nearly doubled its free cash flow target over five years as it cut its planned capital spending at a time when investors have been calling on oil and gas companies to shore up capital for buybacks and dividends.

Chesapeake sees growth from less-crowded Wyoming basin in second half

May 08 2019

Oil and gas producer Chesapeake Energy Corp on Wednesday reported better-than-expected quarterly production and said it expects growth in the second half to get a boost from the less-crowded Powder River Basin in Wyoming.

Air Canada posts surprise profit despite MAX grounding; shares jump

May 06 2019

MONTREAL/TORONTO Air Canada on Monday reported a surprise quarterly profit that sent shares up more than 5 percent in earlier trading, helped by flying more passengers and its purchase of a loyalty program, despite pressures from the grounding of Boeing's 737 MAX jets.

SNC-Lavalin to exit 15 countries; main unit posts surprise loss

May 02 2019

SNC-Lavalin Group Inc is exiting operations in 15 countries, the Canadian company said on Thursday, after posting a surprise quarterly loss in its engineering and construction unit that pushed its shares to a decade low.

Canadian Pacific Railway profit misses as harsh winter raises costs

Apr 23 2019

Canadian Pacific Railway Ltd missed analysts' estimates for quarterly profit on Tuesday as the railroad operator spent heavily to combat a harsh winter that impacted its operations.

Husky Energy sees production hit in 2019 from Alberta cuts

Feb 26 2019

Canadian oil and gas producer Husky Energy Inc said on Tuesday 2019 production could be lower than it had previously expected because of mandatory output cuts imposed by the government of Alberta, sending its shares down 3.5 percent.

World News

'Sea of black' Hong Kong protesters demand leader step down

Hundreds of thousands of people clogged the streets in central Hong Kong on Sunday dressed in black to demand the city's leader step down, a day after she suspended an extradition bill in a dramatic retreat following the most violent protests in decades.