Jan 9 (Reuters) — Hudson’s Bay Co, the owner of U.S. luxury retail chain Saks Fifth Avenue, cut its full-year revenue forecast for the second time, citing a challenging retail environment in the United States and Europe. 137 more words
Tags » Corporate Reporting
Thomson Reuters Corp third-quarter earnings beat analyst expectations on Tuesday and the company said it would cut jobs worldwide, taking a fourth-quarter charge of $200 million to $250 million to streamline its business. 420 more words
Canada’s oil industry would like to turn the page on this year as quickly as possible, but it’s still stuck sailing through a turbulent time. 814 more words
Business is still looking pretty bleak for major oil companies halfway through their third-quarter earnings season.
Of the four companies to report so far — Statoil ASA, Eni SpA, Total SA and ConocoPhillips — three posted a net loss and two of those did much worse than analysts were expecting. 666 more words
TORONTO — Hudson’s Bay Co. posted a net loss of $142 million in the second quarter amid increased costs from its real estate joint ventures. 619 more words
In another sign of how falling commodity prices have warped the oil and gas industry, Trinidad Drilling Ltd. says it generated more revenue from standby fees for rigs not in use and cancelling client contracts than what it actually does: drilling. 211 more words