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Corporate Earnings Fiction

By Wolf Richter – Re-Blogged From Wolf Street

The Biggest Sinners in the Dow.

All 30 companies in the Dow Jones Industrial Average have now reported earnings for the third quarter. 753 more words

GDP & Employment

Varcoe: Despite tough times, Canadian oilpatch makes money and on pace to grow

It’s easy to grow pessimistic about the future of Alberta’s oil and gas industry with the barrage of bad news surrounding sluggish commodity prices and the inability to get pipelines built. 881 more words


Auto parts maker Magna beats second-quarter estimates, raises forecast

Canadian auto parts maker Magna International Inc on Friday reported better-than-expected quarterly profit, helped by higher demand in Europe and Asia, and raised its full-year sales forecast for the second time in three months. 143 more words


Waiting for a correction?: Warren Buffett's cash hoard nears US$100 billion

It’s a milestone Warren Buffett probably wishes he weren’t approaching.

Berkshire Hathaway Inc., the conglomerate he’s run for more than five decades, reported Friday that it held just shy of US$100 billion in cash at the end of the second quarter. 490 more words


'It won't happen overnight': Valeant eyes new products amid slow restructuring

Still grappling with its towering debt, Valeant Pharmaceuticals International Inc. on Tuesday focused on promoting several new consumer health products that the company hopes will reinvigorate its shrunken cash flows. 580 more words


National Bank of Canada's earnings beat market expectations

TORONTO — National Bank of Canada on Wednesday reported second quarter results which were ahead of market expectations, helped by a strong performance from its wealth management division. 60 more words