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ATB’s earnings sink as bank braces for possible defaults

Alberta’s struggling oil-fired economy has prompted ATB Financial to dramatically hike its loan loss provisions, resulting in a big drop in the bank’s annual profits. 446 more words


Thousands stolen from Prairie North Health Region

An internal investigation is currently underway at the Prairie North Health Region because thousands of dollars worth of equipment was stolen.

The fourth quarter losses of public money report by Saskatchewan Health Organizations shows that on Feb. 96 more words


What to do when stocks have A+ valuations and C+ results

Expectations were pretty low for the round of earnings that just wrapped up. At the same time, valuations for many U.S. stocks remain relatively expensive by historical standards. 827 more words


Penn West says low oil, gas prices have pushed it close to debt default

Penn West Petroleum Ltd. says it could be in default of its lending agreements by the end of June if low commodity prices continue, but it’s taking steps to reduce that risk. 187 more words


ISC posts $2.2M profit in Q1

Information Services Corp. (ISC) reported net income of $2.2 million on revenue of $19.6 million in the first quarter ended March 31, the former Crown land titles corporation said Tuesday. 384 more words


Sergio Marchionne named Ferrari's newest CEO

Ferrari says Sergio Marchionne has become the company CEO, while retaining his position as chairman.

The move was announced Monday as Ferrari posted its best first-quarter earnings ever, a 19 per cent increase in net profit to 78 million euros (US$89.5 million). 63 more words


Yahoo Inc revenue falls more than 11% as it attempts to sell off its core business

Yahoo Inc’s posted first-quarter revenue that beat analysts’ estimates slightly, but the 11.3 per cent decline shows the web pioneer’s struggle to boost growth its core online search and display advertising business, which it is in the process of auctioning off. 307 more words

FP Tech Desk