ca-hotdailynews: 2015-07-24 Canada English Business

Subsidized phones cost Rogers in Q2
Toronto Sun
TORONTO -- Higher costs from retaining its wireless customers left another mark on the profits of Rogers Communications Inc. during the second quarter, though the company fared better than analysts expected. The telecommunications provider said ...

New wireless contract rules have smaller-than-expected effect   Toronto Star
Rogers Communications Inc shares rise as carrier lures customers to new ...   Financial Post
Rogers Communications halts wireless exits; net profit drops   Reuters
The Globe and Mail (subscription)
Waterloo Record
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Loblaw plans to close 52 unprofitable stores in next 12 months
660 News
Loblaw Companies Ltd. said it plans to close 52 unprofitable stores across a range of its banners and formats in a move that will cut sales but boost its operating profit. The company said the closures will take place over the next 12 months and reduce ...
Loblaws to Close 52 Stores Over the Next 12 Months   Youth Independent News
CORRECTED-UPDATE 1-Canadian grocer Loblaw to close 52 unprofitable stores   Reuters
Canadian grocer Loblaw to close 52 unprofitable stores   Reuters Canada
CTV News
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UPDATE 3-Valeant profit beats estimates as US sales stay strong
Reuters
(Adds interview with CEO). By Allison Lampert. MONTREAL, July 23 (Reuters) - Canadian drugmaker Valeant Pharmaceuticals International Inc reported a higher-than-expected quarterly profit on Thursday, helped by strength in its U.S. dermatology business, ...

Valeant's rapid rise to most valuable stock signals treacherous times for ...   The Globe and Mail
Valeant Pharmaceuticals is Canada's largest company by market value   Montreal Gazette
Valeant 2Q results beat estimates sending stock up   Dispatch Times
Financial Post
Bloomberg
all 120 news articles »

Glut of coal means more production cuts are possible, Teck Resources says
Calgary Herald
VANCOUVER - Teck Resources Ltd. (TSX:TCK.A, TSX:TCK.B), one of Canada's largest mining companies, says it may cut more coal production than the 1.5 million tonnes already planned this year if the market doesn't improve. The miner is temporarily ...

Teck Resources Ltd posts Q2 profit amid potential credit-rating downgrade   Financial Post
Miner Teck Resources' Profit Falls 21%   Wall Street Journal
RPT-UPDATE 2-Miner Teck beats expectations, eyes further coal cutbacks   Reuters
The Motley Fool Canada (blog)
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TSX slides for fifth day, but earnings temper losses
Reuters Canada
TORONTO (Reuters) - Canada's main stock index declined for a fifth straight session on Thursday, hit by losses in the heavyweight financials, energy and materials sectors. While positive quarterly results helped boost gains in some large-cap Canadian ...

At midday: TSX slides for fifth day, but earnings temper losses   The Globe and Mail
TSX slide continues   Baystreet.ca

all 9 news articles »

Amazon shares surge after showing tidy quarterly profit
Vancouver Sun
Amazon.com reported a surprise second-quarter profit on top of sales that beat analysts' estimates, showing investors — as it has done before — that the Web retailer can make money when it puts the brakes on investments. Shares in Amazon jumped as ...

Amazon is Now Bigger than Wal-Mart   Fox Business
Amazon stock surges as earnings beat expectations   Washington Post
Amazon's Birthday Present: Surprise 2Q Profit   New York Times
Firstpost
all 305 news articles »

oil crash could be 'worse than 1986'
The Australian Financial Review
Morgan Stanley has been pretty pessimistic about oil prices in 2015, drawing comparisons to the some of the worst oil slumps of the past three decades. The current downturn could even rival the iconic price crash of 1986, analysts had warned - but ...
Morgan Stanley expects oil crisis worse than in 1986   RT
Oil stocks rally: Is it a “dead cat bounce”?   Motley Fool Australia

all 22 news articles »