Magna International Inc. says its second-quarter profit tumbled from a year ago to US$328 million. The Aurora, Ont.-based auto parts manufacturer, which keeps its books in U.S. dollars, says those […]
Category: Uncategorized
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Enbridge Reports Strong Second Quarter 2024 Financial Results and Business Performance, Advances Strategic Priorities and Recasts Financial Outlook to include U.S. Gas Utilities Acquisitions
Enbridge Inc. (ENB) on Friday reported second-quarter net income of $1.42 billion. On a per-share basis, the Calgary, Alberta-based company said it had profit of 63 cents. Earnings, adjusted for […]
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Imperial Oil reports $1.13 billion in net income, up from $675 million a year ago
Imperial Oil Ltd. saw a significant spike in net income in its second quarter, which reached $1.13 billion. The Calgary-based company says those results compared with a net income of […]
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Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%
Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, the Labor Department reported Friday. Nonfarm payrolls grew by just 114,000 for […]
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Exxon delivers $9.2 billion second-quarter profit, raises output target
Exxon raises 2024 oil and gas output goal to 4.3 million bpd Raises capital spending guidance to $28 billion for 2024 Aims to cut cumulative $5 billion in costs through […]
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Fears for US economy drive tech-led global stock slump
August 2, 20247:06 AM CDT Global stocks dropped sharply on Friday, with richly-valued tech groups taking much of the pain, as investor anxiety about a U.S. economic slowdown sent shockwaves […]
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Global Stock Market Meltdown Unabated
Published: 8/2/2024 8:13 AM ET | The sell-off in equity markets triggered by economic growth concerns that followed the weak PMI data from the U.S is continuing unabated. Renewed political tensions in the Middle […]
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BCE says focused on cost management as Q2 revenue dips
BCE Inc. says its earnings rose in the second quarter as it focused on cost management in a highly competitive environment, while adjusted earnings dipped. The telecoms giant says earnings […]
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Cenovus reports second quarter earnings of $1 billion, debt target hit
Cenovus Energy Inc. says it will be returning “substantially” more money to shareholders in upcoming quarters after achieving its debt reduction target. The Calgary-based oil and gas company says in […]