Thursday April 24, 2014

QUESTION OF THE WEEK

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Business News


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Caterpillar's 1st quarter profit climbs 5 per cent, 2014 forecast also rises

Caterpillar's first-quarter earnings climbed 5 per cent, and the construction equipment maker raised its 2014 forecast. But the company also said Thursday that a mining equipment sales slump is still hurting results....

posted: April 24,2014





Business News

CP07

Canada poised for an export boom as U.S., global economies improve: EDC

OTTAWA - A new forecast from the federal export agency predicts Canada's economy is on the...



UPS 1Q profit falls 12 per cent as winter storms raise costs, cut into revenue

DALLAS - First-quarter revenue at UPS slumped 12 per cent as winter storms increased costs for the...



United Airlines can't bring in enough revenue to cover its costs; still struggling with merger

United Airlines is the one U.S. carrier that can't seem to get its act together....





Marlboro maker Altria's 1Q profit falls on lower cigarette sales, year-ago comparison

RICHMOND, Va. - Altria Group Inc.'s first-quarter profit dropped 15 per cent as the Marlboro maker sold fewer cigarettes and its year-ago results benefited lower expenses from a longstanding legal settlement....


General Motors 1Q profit falls to lowest level since 2009 as recall costs weigh on income

DETROIT - General Motors on Thursday reported its worst quarterly performance in more than four years as the costs of a series of recalls dragged down earnings....


Orthopedic device maker Zimmer buying Biomet in cash-and-stock deal valued at about $13.35B

WARSAW, Ind. - Orthopedic device maker Zimmer is buying privately-held Biomet in a cash-and-stock deal valued at about $13.35 billion. Zimmer says the deal will expand its product offerings and services....


3M 1Q profit, revenue rise but miss analysts' estimate; Earnings outlook for year unchanged

ST. PAUL, Minn. - 3M's first-quarter net income rose 7 per cent, led by sales growth in its health care business....


Verizon 1st-qtr profit jumps, helped by acquisition of Vodafone's stake in Verizon Wireless

NEW YORK, N.Y. - Verizon's $130 billion deal to take over of all of Verizon Wireless is helping lift its profit....


Alamos Gold Q1 profit falls to US$2.7 million amid lower sales volume, price

TORONTO - Alamos Gold Inc. (TSX:AGI) saw its first-quarter profit shrink to US$2.7 million or two cents per share, down 90 per cent compared with the same period last year as it sold fewer ounces at a lower price, but says the second half...


Crude oil rebounds to near $102 a barrel on Ukraine uncertainty, export woes in Libya, Nigeria

The price of oil rebounded to near $102 a barrel Thursday on worries about tensions in Ukraine and continued concerns about crude exports from Libya and Nigeria....


Aetna's 1st-quarter profit jumps 36 per cent, health insurer also hikes 2014 earnings forecast

Aetna's first-quarter net income soared 36 per cent, fueled by gains from a multi-billion-dollar acquisition, and the health insurer hiked its 2014 earnings forecast above Wall Street expectations....


Starwood 1Q tops Wall Street expectations as economic recovery provides a big tail wind

STAMFORD, Conn. - Starwood's first-quarter net income declined 36 per cent compared with last year when it booked some big asset sales, but it easily beat Wall Street expectations for profit and revenue....






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