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Hudson's Bay cuts revenue forecast citing challenging U.S., Europe environments

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

News

Thomson Reuters to cut 2,000 jobs; profit tops estimates

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

News

Varcoe: Oilpatch warily eyes future having survived worst of storm

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

Energy

Big oil’s half-time report: recovery is still some way off

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

Energy

HBC loss widens in Q2 on real estate joint ventures but retailer boosts operating profit

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

Retail & Marketing

Cancelled rig contracts boost Trinidad Drilling revenue in second quarter

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

Calgary

External factors, low rates fuel Canada’s telecom sector as it prepares to release earnings: analysts

External factors may trump actual results when it comes to performance for Canada’s big telecom stocks – so long as interest rates remain at historical lows. 433 more words

FP Tech Desk