Earnings News

Canada's D+H Corp to buy payment services firm Fundtech

Canadian financial technology firm D+H said on Monday it agreed to acquire global payment services provider Fundtech for $1.25 billion in cash, in a bid to expand its service offerings aimed at global financial institutions and large U.S. banks. New York-based Fundtech, with some 1,500 employees and 19 offices globally, provides a comprehensive line of transaction banking software that facilitat…

  • Provinces will offset 75% of Ottawa's … CBC - 12 hours ago

    About three-quarters of the billions in federal tax cuts and increases in benefits promised to Canadians this year will be offset by provincial tax hikes and cutbacks, … More »Provinces will offset 75% of Ottawa's …

    About three-quarters of the billions in federal tax cuts and increases in benefits promised to Canadians this year will be offset by provincial tax hikes and cutbacks, the Bank of Montreal says. In a research note early Monday, BMO economist Robert Kavcic calculates that the provincial budgets unveiled in British Columbia, …

  • Amazon.com expands into professional … Reuters - 15 hours ago

    By Nandita Bose CHICAGO (Reuters) - Amazon.com Inc is launching a home services marketplace that will connect customers with electricians, plumbers and painters in a … More »Amazon.com expands into professional …

    By Nandita Bose CHICAGO (Reuters) - Amazon.com Inc is launching a home services marketplace that will connect customers with electricians, plumbers and painters in a move to have its services tied to every product sold on its website. Amazon Home Services, which will launch on Monday, will allow customers to buy 700 services …

  • Australia's Treasurer Hockey arrives for a meeting at the IMF-World Bank annual meetings in Washington
    Australia looks at GST, company tax … Reuters - 21 hours ago

    Australian Treasurer Joe Hockey hinted on Monday at changes that could force digital companies like Apple Inc, Google Inc, Alibaba Group Holding and Uber to pay more … More »Australia looks at GST, company tax …

    Australia's Treasurer Hockey arrives for a meeting at the IMF-World Bank annual meetings in Washington

    Australian Treasurer Joe Hockey hinted on Monday at changes that could force digital companies like Apple Inc, Google Inc, Alibaba Group Holding and Uber to pay more tax on transactions that take place in Australia. "I want to find a way for them to pay the GST," Hockey told reporters, referring to the goods and sales …

  • Interoute eyes roll-up of European and … Reuters - Sun, 29 Mar, 2015

    By Eric Auchard FRANKFURT (Reuters) - Britain's Interoute, a high-capacity data network and corporate cloud services provider, is taking on new private equity investors … More »Interoute eyes roll-up of European and …

    By Eric Auchard FRANKFURT (Reuters) - Britain's Interoute, a high-capacity data network and corporate cloud services provider, is taking on new private equity investors to fund acquisitions across Europe and the United States, the company said on Monday. Aleph Capital Partners, a UK investment firm headed by former Goldman …

  • ECB President Draghi arrives at a meeting of the European Parliament's Economic and Monetary Affairs Committee in Brussels
    Investment banks eye potential trading … Reuters - Sun, 29 Mar, 2015

    By Anjuli Davies and John Geddie LONDON(Reuters) - Investment banks feeling the pinch from increased regulation since the financial crisis could reap an earnings reward … More »Investment banks eye potential trading …

    ECB President Draghi arrives at a meeting of the European Parliament's Economic and Monetary Affairs Committee in Brussels

    By Anjuli Davies and John Geddie LONDON(Reuters) - Investment banks feeling the pinch from increased regulation since the financial crisis could reap an earnings reward from a boost in trading activity under the European Central Bank's (ECB) trillion-euro quantitative easing (QE) program. The flood of money into markets …

  • A man walks past an old Toronto Stock Exchange sign in Toronto
    TSX drops as energy, financial shares … Reuters - Fri, 27 Mar, 2015

    By Solarina Ho TORONTO (Reuters) - Canada's main stock index finished lower on Friday in a retreat led by financial stocks and by energy companies, which were pulled … More »TSX drops as energy, financial shares …

    A man walks past an old Toronto Stock Exchange sign in Toronto

    By Solarina Ho TORONTO (Reuters) - Canada's main stock index finished lower on Friday in a retreat led by financial stocks and by energy companies, which were pulled down by a sharp fall in crude prices. The overall energy group fell 0.9 percent and a major decliner in the sector was Vermilion Energy Inc , down 2.2 percent …

  • Arab tourists ride ski doos at a ski resort in Faraya, Mount Lebanon,
    Ski-Doo maker BRP profit tops estimates … Reuters - Fri, 27 Mar, 2015

    (Reuters) - BRP Inc , the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a much higher-than-expected quarterly profit, helped by a stronger dollar, the … More »Ski-Doo maker BRP profit tops estimates …

    Arab tourists ride ski doos at a ski resort in Faraya, Mount Lebanon,

    (Reuters) - BRP Inc , the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a much higher-than-expected quarterly profit, helped by a stronger dollar, the introduction of new powersport vehicles and higher shipments of Can-Am off-road vehicles. The company, spun off from Bombardier Inc in 2003, said it expects …

  • Canada Post flips to $194M profit in … CBC - Fri, 27 Mar, 2015

    In a year in which it overhauled its business, phased out home delivery in many areas and drastically hiked prices, Canada Post made $194 million in profit before taxes … More »Canada Post flips to $194M profit in …

    In a year in which it overhauled its business, phased out home delivery in many areas and drastically hiked prices, Canada Post made $194 million in profit before taxes last year, the Crown Corporation says. Canada Post shipped $1 billion worth of parcels in Canada last year, the first time that's happened. When international …

  • Blackberry's Chief Executive Chen gestures during a news conference at the Mobile World Congress in Barcelona
    BlackBerry posts fourth-quarter profit; … Reuters - Fri, 27 Mar, 2015

    By Euan Rocha and Alastair Sharp TORONTO (Reuters) - BlackBerry Ltd posted a surprise quarterly profit on Friday and said it is pushing to end a slide in its revenue … More »BlackBerry posts fourth-quarter profit; …

    Blackberry's Chief Executive Chen gestures during a news conference at the Mobile World Congress in Barcelona

    By Euan Rocha and Alastair Sharp TORONTO (Reuters) - BlackBerry Ltd posted a surprise quarterly profit on Friday and said it is pushing to end a slide in its revenue in this fiscal year, sending the stock up as much as 5.1 percent. We're now turning our attention to revenue stabilization," BlackBerry Chief Executive …

  • Canada Jan budget surplus little changed … Reuters - Fri, 27 Mar, 2015

    The Canadian government posted a budgetary surplus of C$2.21 billion ($1.77 billion) in January, helped by higher personal income tax revenues, the finance department … More »Canada Jan budget surplus little changed …

    The Canadian government posted a budgetary surplus of C$2.21 billion ($1.77 billion) in January, helped by higher personal income tax revenues, the finance department said on Friday. Revenue rose 1.5 percent to C$25.42 billion, lifted by a 7.3 percent increase in personal income tax revenue.

  • Mark Fields, CEO of Ford Motor Co., speaks at his company's keynote at the International Consumer Electronics show (CES) in Las Vegas
    Ford CEO Fields received $18.6 million … Reuters - Fri, 27 Mar, 2015

    By Bernie Woodall DETROIT (Reuters) - Ford Motor Co Chief Executive Officer Mark Fields made $18.6 million in salary and other compensation last year, below the $23.2 … More »Ford CEO Fields received $18.6 million …

    Mark Fields, CEO of Ford Motor Co., speaks at his company's keynote at the International Consumer Electronics show (CES) in Las Vegas

    By Bernie Woodall DETROIT (Reuters) - Ford Motor Co Chief Executive Officer Mark Fields made $18.6 million in salary and other compensation last year, below the $23.2 million that predecessor Alan Mulally received in 2013, the company said on Friday. Last year's compensation for Fields, 54, was for half the year as CEO …

  • Fleming, president of Morgan Stanley Wealth Management and Morgan Stanley Investment Management, speaks during the Reuters Global Wealth Management Summit in New York
    Exclusive: Headhunter contacts Morgan … Reuters - Fri, 27 Mar, 2015

    (Story corrects Cavanagh's title in fifth paragraph to co-chief operating officer from chief operating officer) By Lauren Tara LaCapra and Svea Herbst-Bayliss NEW YORK/BOSTON … More »Exclusive: Headhunter contacts Morgan …

    Fleming, president of Morgan Stanley Wealth Management and Morgan Stanley Investment Management, speaks during the Reuters Global Wealth Management Summit in New York

    (Story corrects Cavanagh's title in fifth paragraph to co-chief operating officer from chief operating officer) By Lauren Tara LaCapra and Svea Herbst-Bayliss NEW YORK/BOSTON (Reuters) - At the prompting of at least one director of Bank of New York Mellon Corp, an executive recruiting firm has come up with a list of potential …

  • BlackBerry shares rise on surprise quarterly … CBC - Fri, 27 Mar, 2015

    BlackBerry surprised with a small quarterly profit on Friday, even as the company saw a large drop-off in the number of actual sales. Analysts were expecting a loss … More »BlackBerry shares rise on surprise quarterly …

    BlackBerry surprised with a small quarterly profit on Friday, even as the company saw a large drop-off in the number of actual sales. Analysts were expecting a loss of three cents per share, according to a survey by Zacks Investment Research. BlackBerry has now beat expectations on the profit side for two quarters in …

  • Business community mixed on Alberta … CBC - Thu, 26 Mar, 2015

    Alberta tabled a budget today that will cost residents $1.5 billion in extra taxes, while still running a deficit of $5 billion. The reaction from the business community … More »Business community mixed on Alberta …

    Alberta tabled a budget today that will cost residents $1.5 billion in extra taxes, while still running a deficit of $5 billion. The reaction from the business community is mixed: relieved that there was no increase in the corporate tax rate, and concern that Albertans will have less disposable income in a time when the …

  • The GameStop store sign is seen at its shop in Westminster
    GameStop profit forecast falls short … Reuters - Thu, 26 Mar, 2015

    GameStop Corp's full-year profit forecast missed Wall Street expectations as the dollar strengthened and demand for new PlayStation 4 and Xbox One consoles failed to … More »GameStop profit forecast falls short …

    The GameStop store sign is seen at its shop in Westminster

    GameStop Corp's full-year profit forecast missed Wall Street expectations as the dollar strengthened and demand for new PlayStation 4 and Xbox One consoles failed to make up for falling sales of earlier versions. Shares of the world's largest retailer of video game products, which also reported a quarterly profit that …

  • Canada's Alberta hikes taxes, fees … Reuters - Thu, 26 Mar, 2015

    By Scott Haggett and Nia Williams CALGARY (Reuters) - The Canadian province of Alberta said in its budget on Thursday it will hike fees, boost taxes, cut spending on healthcare and education, and tap its savings to overcome a massive drop in revenue from the oil industry. The province, whose oil sands are the largest …

  • File photo of pedestrians walking past a store of yogawear retailer Lululemon Athletica in downtown Vancouver

    Canadian yogawear retailer Lululemon Athletica Inc on Thursday reported stronger-than-expected quarterly results and gave a weak outlook that it said was largely due to temporary problems. The company's shares were up more than 7 percent after investors were reassured that the outlook did not reflect underlying obstacles …