Earnings News

Alberta says last year's budget surplus bigger than expected

The Canadian province of Alberta said on Tuesday its budget surplus for the last fiscal year was nearly C$350 million ($280.2 million) bigger than forecast even though oil prices plunged in the second half of the year. Alberta, whose oil sands are the largest source of U.S. oil imports, posted a surplus of C$1.4 billion for the 2014-15 fiscal year, which ended on March 31. The increase came as t…

  • People walk past a chemist shop at a market in Mumbai
    Indian pharma's struggle to tighten … Reuters - Sun, 28 Jun, 2015

    By Zeba Siddiqui MUMBAI (Reuters) - India's smaller generic drugmakers, struggling to cope with a bruised reputation and tougher regulation in the United States, are … More »Indian pharma's struggle to tighten …

    People walk past a chemist shop at a market in Mumbai

    By Zeba Siddiqui MUMBAI (Reuters) - India's smaller generic drugmakers, struggling to cope with a bruised reputation and tougher regulation in the United States, are under pressure to consider branching out to new, less-profitable markets or sell out to larger rivals. Two years after its most high-profile regulatory setback …

  • Taylor Swift bites Apple & the latest … CBC - Fri, 26 Jun, 2015

    As is the case in many other similar attempts, the bait is a contact claiming to be from Canada Revenue Agency informing you that you owe the tax man some money, and … More »Taylor Swift bites Apple & the latest …

    As is the case in many other similar attempts, the bait is a contact claiming to be from Canada Revenue Agency informing you that you owe the tax man some money, and there will be dire consequences for not paying up promptly by sending in cash. This time, the scammers seem to have starting calling people — including one …

  • Match, Tinder to be spun off in IPO later this year
    Match, Tinder to be spun off in IPO … CBC - Fri, 26 Jun, 2015

    Nasdaq-listed IAC plans to spin off its dating site operations, called the Match Group, in an initial public offering later this year. The Match Group is an innovator … More »Match, Tinder to be spun off in IPO …

    Match, Tinder to be spun off in IPO later this year

    Nasdaq-listed IAC plans to spin off its dating site operations, called the Match Group, in an initial public offering later this year. The Match Group is an innovator in the online dating business and runs established businesses such as dating site Match, Meetic, and OurTime, and earlier stage businesses such as Tinder …

  • Macau junket operator accused of laundering … Reuters - Fri, 26 Jun, 2015

    A storied Macau junket operator, who has been the focus of a lengthy police investigation, has been accused of laundering HK$1.8 billion ($232 million) through bank accounts … More »Macau junket operator accused of laundering …

    A storied Macau junket operator, who has been the focus of a lengthy police investigation, has been accused of laundering HK$1.8 billion ($232 million) through bank accounts in Hong Kong, according to court documents released this week. Cheung Chi-tai, a former major shareholder of one of Macau's biggest junket operators …

  • Micron revenue forecast misses as PC … Reuters - Thu, 25 Jun, 2015

    Micron Technology Inc said it expects a further decline in prices of chips used in personal computers, and forecast revenue for the current quarter well below market … More »Micron revenue forecast misses as PC …

    Micron Technology Inc said it expects a further decline in prices of chips used in personal computers, and forecast revenue for the current quarter well below market estimates. Micron Technology makes both dynamic random access memory (DRAM) chips, used mostly in personal computers, and NAND memory chips for storing music, …

  • Shaw Communications loses customers, … Reuters - Thu, 25 Jun, 2015

    By Alastair Sharp TORONTO (Reuters) - Canadian cable television provider Shaw Communications Inc reported an 8 percent fall in third-quarter profit on Thursday and … More »Shaw Communications loses customers, …

    By Alastair Sharp TORONTO (Reuters) - Canadian cable television provider Shaw Communications Inc reported an 8 percent fall in third-quarter profit on Thursday and said it would likely reach the lower end of its full-year operating income target. Calgary-based Shaw, which competes with Telus Corp for customers in Canada's …

  • HomeAway doesn't pay for theft, house trashed by vacation renters
    HomeAway doesn't pay for theft, … CBC - Thu, 25 Jun, 2015

    A homeowner trying to cash in on the popular online vacation home rental business had her house trashed and precious valuables stolen by her very first guests, and HomeAway, … More »HomeAway doesn't pay for theft, …

    HomeAway doesn't pay for theft, house trashed by vacation renters

    A homeowner trying to cash in on the popular online vacation home rental business had her house trashed and precious valuables stolen by her very first guests, and HomeAway, the company she listed it with, won't compensate her for the thousands of dollars in losses.

  • Malaysian ringgit bank notes of different denominations are seen in this picture illustration taken in Kuala Lumpur
    Share valuations of world's top … Reuters - Wed, 24 Jun, 2015

    By Yantoultra Ngui and Patturaja Murugaboopathy KUALA LUMPUR/BENGALURU, June 25 (Reuters) - Share valuations of the four biggest medical glove makers in Malaysia - … More »Share valuations of world's top …

    Malaysian ringgit bank notes of different denominations are seen in this picture illustration taken in Kuala Lumpur

    By Yantoultra Ngui and Patturaja Murugaboopathy KUALA LUMPUR/BENGALURU, June 25 (Reuters) - Share valuations of the four biggest medical glove makers in Malaysia - in the world, in fact - have soared to historic highs, but not because of the MERS outbreak. The median forward 12-month price-to-earnings ratio of Top Glove …

  • Cree to restructure LED business, cuts … Reuters - Wed, 24 Jun, 2015

    (Reuters) - Cree Inc said it would reduce manufacturing capacity at its light-emitting diode factory, as it struggles with a decline in prices, and take an $85 million … More »Cree to restructure LED business, cuts …

    (Reuters) - Cree Inc said it would reduce manufacturing capacity at its light-emitting diode factory, as it struggles with a decline in prices, and take an $85 million restructuring charge. Shares of Cree, which makes lighting and semiconductor products, were down 8 percent in extended trading. Cree said on Wednesday …

  • Monsanto's Roundup weedkiller atomizers are displayed for sale at a garden shop at Bonneuil-Sur-Marne near Paris
    Monsanto says it still wants Syngenta; … Reuters - Wed, 24 Jun, 2015

    Monsanto Co , the world's largest seed company, said on Wednesday it would still pursue an acquisition of Swiss rival Syngenta AG , which has rebuffed talks about its … More »Monsanto says it still wants Syngenta; …

    Monsanto's Roundup weedkiller atomizers are displayed for sale at a garden shop at Bonneuil-Sur-Marne near Paris

    Monsanto Co , the world's largest seed company, said on Wednesday it would still pursue an acquisition of Swiss rival Syngenta AG , which has rebuffed talks about its $45 billion offer, even as it warned of market challenges ahead. Shares in Monsanto fell more than 4 percent to $108 as investors absorbed news the company …

  • CRA phone scam uses fear of tax man to swindle 'not so smart' Canadians
    CRA phone scam uses fear of tax man … CBC - Wed, 24 Jun, 2015

    Scam artists are preying on one of our biggest fears ... getting into trouble with the tax man. More »CRA phone scam uses fear of tax man …

    CRA phone scam uses fear of tax man to swindle 'not so smart' Canadians

    Scam artists are preying on one of our biggest fears ... getting into trouble with the tax man.

  • Taylor Swift's Apple-chomping a … CBC - Wed, 24 Jun, 2015

    Taylor Swift has built her image on being a champion of the underdog, so perhaps it's not entirely surprising that the chart-topping singer chose to pick a fight with … More »Taylor Swift's Apple-chomping a …

    Taylor Swift has built her image on being a champion of the underdog, so perhaps it's not entirely surprising that the chart-topping singer chose to pick a fight with the world's most profitable company. Already adored by millions, Swift won legions more fans this week when she forced Apple to change how it will compensate …

  • Dennis Muilenburg speaks during the Reuters Aerospace and Defense Roundtable in Washington
    Boeing picks Muilenburg to succeed CEO … Reuters - Tue, 23 Jun, 2015

    By Alwyn Scott SEATTLE (Reuters) - Boeing Co said Tuesday that President Dennis Muilenburg will take over as chief executive officer July 1, a transition that comes … More »Boeing picks Muilenburg to succeed CEO …

    Dennis Muilenburg speaks during the Reuters Aerospace and Defense Roundtable in Washington

    By Alwyn Scott SEATTLE (Reuters) - Boeing Co said Tuesday that President Dennis Muilenburg will take over as chief executive officer July 1, a transition that comes as the aerospace giant tries to keep pace with an historic boom in the commercial jet market and build its defense business amid tight military budgets.  …

  • Dennis Muilenburg speaks during the Reuters Aerospace and Defense Roundtable in Washington
    Boeing names Muilenburg CEO, succeeding … Reuters - Tue, 23 Jun, 2015

    By Alwyn Scott SEATTLE (Reuters) - Boeing Co on Tuesday named Dennis Muilenburg as chief executive officer, effective July 1, succeeding Jim McNerney. Muilenburg, … More »Boeing names Muilenburg CEO, succeeding …

    Dennis Muilenburg speaks during the Reuters Aerospace and Defense Roundtable in Washington

    By Alwyn Scott SEATTLE (Reuters) - Boeing Co on Tuesday named Dennis Muilenburg as chief executive officer, effective July 1, succeeding Jim McNerney. Muilenburg, 51, who has been president and chief operating officer since 2013, had been widely seen as McNerney's successor. McNerney, 65, will retire at the end of next …

  • Nigeria's President Buhari speaks during a news conference after the Summit of Heads of State and Government of The Lake Chad Basin Commission in Abuja
    Buhari vows to restore Nigeria's … Reuters - Tue, 23 Jun, 2015

    By Felix Onuah ABUJA (Reuters) - Nigeria's president vowed on Tuesday to recover billions of dollars allegedly stolen by officials and restore financial "sanity", accusing … More »Buhari vows to restore Nigeria's …

    Nigeria's President Buhari speaks during a news conference after the Summit of Heads of State and Government of The Lake Chad Basin Commission in Abuja

    By Felix Onuah ABUJA (Reuters) - Nigeria's president vowed on Tuesday to recover billions of dollars allegedly stolen by officials and restore financial "sanity", accusing previous governments in Africa's biggest economy of throwing the rulebooks "to the dogs". Muhammadu Buhari's strong words came after a meeting with …

  • Momo Inc's chief executive and a group of investment firms offered to buy all shares of the Chinese mobile chat app company they do not already own for $1.9 billion, six months after the company listed in the United States. Momo, which helps users find friends based on locations and exchange messages, pictures and videos, …

  • Yutong buses are seen during the opening ceremony of a new avenue and the inauguration of a public transportation route in Los Teques, Venezuela

    By Brian Ellsworth and Corina Pons SAN FRANCISCO DE YARE, Venezuela (Reuters) - Five years after Chinese home appliance maker Haier agreed to build a $912 million factory in Venezuela, its washing machines and refrigerators are almost the only ones available in the country's department stores. The cost of leaving Haier's …