Latest Breaking Business News
RSS-
AirAsia earnings dive but expansion continues
(25 mins ago) AirAsia, Asia's largest low-cost carrier by fleet size, said first quarter net profit fell 39 percent year-on-year due to a foreign exchange loss on borrowings. The airline said in a filing to the Malaysian stock exchange that profit for the three months ending March 31 was 104.79 million ringgit (US$34.79 million) compared with 172.44 million ringgit in the same quarter ...
-
Kohls names Starbucks Gass chief customer officer
Michelle Gass, president of Starbucks Europe, Middle East and Africa (EMEA), speaks to shareholders during Starbucks' Annual Meeting of Shareholders in Seattle, Washington in this file March 21, 2012 ...
-
Zale taps rivals ex-CEO as chairman same-store sales edge up
ZLC.N ) on Wednesday reported a modest bump in third-quarter same-store sales and said the former chief executive of its biggest rival, Kay Jewelers parent Signet Jewelers Ltd ...
More Breaking Business News
RSS-
Target cuts full-year forecast after weak first quarter
A woman pulls shopping carts through the aisle of a Target store on the shopping day dubbed ''Black Friday'' in Torrington, Connecticut November 25, ...
-
Boeing CEO McNerney says interest in 777X is high
BA.N ) Chief Executive Officer Jim McNerney said on Wednesday that customer interest in the 777X wide-body airplane is "high and still growing," and that he expects to formally launch the aircraft program later this ...
-
UK wine retailer First Quench in $242 million pension risk deal
LONDON (Reuters) - British alcoholic drinks retailer First Quench is insuring a chunk of its pension liabilities with specialist provider Pension Insurance Corporation, improving retirement benefits for its 1,966 ...
-
Corero appoints high tech executive to lead worldwide sales
HUDSON, MA, May 21, 2013 – Corero Network Security, the First Line of Defense for enterprises globally against Distributed Denial of Service (DDoS) attacks and ...
-
Government needs clear strategy to privatise Lloyds and RBS says IMF
There is mounting speculation the government is preparing to kickstart a sell-off of part of its 39% Lloyds stake. Photograph: Stefan ...
-
Target first-quarter profit down on weather-related sales weakness
Target Corp posted a 0.6 percent decline in first-quarter sales at U.S. stores open at least a year on Wednesday after warning investors one month ago that its results would be disappointing as a chilly start to spring kept shoppers from buying seasonal items such as clothing. Target earned $498 million, or 77 cents per share, in the first quarter ended on May 4, compared with a profit of $697 ...
-
Lowes results miss estimates underperforming Home Depot
Lowe's Cos Inc reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season and strong competition from larger rival Home Depot Inc . The results contrasted sharply with those of Home Depot and signaled that Lowe's, the world's No. 2 home improvement chain, was still struggling to narrow the performance ...
-
Futures Tick Up Fed News on Tap
FOX Business: Capitalism Lives Here U.S. stock-index futures pointed higher as traders awaited the latest clues on when the Federal Reserve could start tapering its bond-buying program. Today's Markets As of 8:11 a.m. ET, Dow Jones Industrial Average futures climbed 24 points to 15379, S&P 500 futures advanced 3.8 points to 1669 and Nasdaq 100 futures jumped 8 points to 3030. ...
-
Correction to WBMS Aluminum Market Balance Headline
"WBMS: Global Aluminum Market In 359,700-ton Surplus Jan-March," at 1111 GMT, misstated the size of the market surplus in the headline. The market surplus in Jan-March was 376,500 tons.(MORE TO FOLLOW) Dow Jones NewswiresCopyright © 2013 Dow Jones ...
-
Oil pipelines to drive Canadian economy like 1800s railway track
Canada, which depended on railroads to build the nation in the 1880s, is counting on pipelines to drive future economic growth, Enbridge Inc. Chief Executive Officer Al Monaco said. "Pipelines are very similar to railroads," Monaco said at the Bloomberg Canada Economic Summit in Toronto yesterday. "When you really get down to it, Canada is an export-driven resource economy. This ...
-
5.22.13 Housing slowdown Canadians don’t seem to think so
nearly half of Canadian homeowners intend to buy a property in the next five years, despite a cooling off in the housing market. And that 48% is mostly unchanged from late 2012, suggesting that Canadians remain confident in their housing market. The BMO poll found that Vancouver and Atlantic Canada are particularly bullish, with both showing an increase in buying intentions, while Calgary slid ...
-
Capital Pool Companies navigate rocky market
Capital pool companies are one of the great innovations to emerge from Canadian capital markets. The idea is simple. Rather than pitch investors on a specific business plan, a management team can hit the market based on its proven ability to locate a business with upside potential. The CPC raises between $200,000 and $4.75-million through the sale of ';seed shares'; which are listed ...
-
Sears Canada reports earnings loss falling sales in first quarter
Falling sales at struggling Sears Canada Inc. led to a net loss in the first quarter. The department store chain, which has seen seven straight years of falling revenue, said it lost $31.2-million or 31 per share in the period ended May 4 compared with net earnings of $93.1-million or (91) in the same period last year. In last year's quarter the company booked a pre-tax gain of ...
-
Drew Hasselback Bill C-60 introduces more uncertainty on foreign takeovers
For the better part of last year, the business community fretted over what the federal government would ultimately do to clarify or modernize the way it reviews takeovers of large Canadian companies by foreign state-owned enterprises or SOEs. The rules ultimately emerged on Dec. 7, and they came with their own share of uncertainty. For example, what, pray tell, are the famed ';exceptional ...
-
FP Legal Post Oil and Gas League Tables and Methodology
Our special Legal Post report on oil and gas deals published May 22 contains most2012 FP Legal Post Oil and Gas league tables. The table for debt deals couldn’t fit in the paper, but you’ll find it here, along with electronic copies of all the other ...
-
Lawyers fear new Canadian tax rule could scare away foreign companies
All is not quiet on the Western Canadian tax front. The Conservative federal government has enshrined into law a controversial policy that could dissuade foreign owned resource companies from establishing mining and energy subsidiaries in Canada, corporate tax lawyers say. The new law is a response to something called ';foreign affiliate dumping'; transactions. The federal government ...
-
LNG The race for the next ‘Fort McMurray’
You’ve been hearing about the many liquefied natural gas projects that are planned for British Columbia’s west coast over the next few years. What you might not know is the degree to which LNG is already dominating the work done by energy lawyers in Calgary. The oil sands are still chugging along, and the battle to build oil pipelines won’t end soon — especially with the ...
-
Drew Hasselback Hunting for Calgary’s missing MA deals
Energy stocks are lower today than they were a couple of years ago, but there are signs that some parts of the commodities business have hit bottom and turned the corner. You could argue that conditions are ripe for buying opportunities. So where are all the M&A deals? Talk to lawyers in the energy patch, and there appears to be unanimous agreement that there’s a disconnect in the ...
-
Microsoft’s Home 2.0 Will Connect Xbox One To The Internet Of Things
In an exclusive interview, Microsoft teases the Xbox One's predestined future: A service they're dubbing Home 2.0 that will become the hub for all your interconnected ...
-
U.S. auto factories cutting back on summer downtime
DETROIT The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. Ford Motor Co. said Wednesday that 21 of its North American factories will shut for only one week this summer. That includes the Chicago plant that makes the Ford Explorer SUV and the Mexican plant ...
-
Making your smartphone battery last longer
(MoneyWatch) We're a smartphone society now -- people do everything on their phones, from checking e-mail and Facebook posts to watching video and surfing the Web. All that comes at a price, ...
-
Student loan defaults rising despite a way out
(MoneyWatch) Although levels of household debt have steadily receded in the U.S. since the housing bubble burst, Americans are conspicuously falling behind in one area -- student loans. The number of people who are at least 90 days late on student loan payments has jumped 3.2 percent in only two years, rising from 8.5 percent in 2011 to 11.7 percent today, according to a recent study by the New ...
-
No Summer Slowdown for GM Ford
Morning Business Memo… Thousands of US auto workers may have to cancel their vacation plans. Growing consumer demand for cars and trucks has the industry changing its usual summer vacation schedule. Ford says the traditional two-week summer break is being cut to a single week. General Motors isn’t doing any shut downs. Chrysler plans a two-week break at only four of its 10 North ...
Atlanta in the Spotlight
-
Stand fast Atlanta, but dont be selfish
Atlanta is the capital of Georgia, therefore it is the leader of the state, and the actions and decisions of city leaders will influence the stability, or lack thereof, of the state. It is a substantial responsibility and one that should not be taken lightly. Atlanta must weather the current recession in a manner helpful to the wider region as well as itself.
Atlanta is one of the fastest growing cities in the US. It is the beating heart of Georgia, and one of the main centers for economic activity with the head quarters of several major companies located in its CBD, including Coca Cola, Delta Airlines, and AT&T. Just behind Chicago and Minneapolis, it has one of the highest concentrations of Fortune 500 companies located within the greater Atlanta Metropolitan Area. Read more
News from around our Network
