Home Depot's 4th-quarter mixed, increases quarterly dividend by 21 per cent
ATLANTA - Home Depot's fiscal fourth-quarter net income dipped 1 per cent, hampered by bad winter weather and one less week in the period than a year ago.Still, cost cuts helped earnings top Wall...
View ArticleBank Of Montreal Q1 Profit Up 2 Per Cent To $1.06 Billion
TORONTO - Bank of Montreal (TSX:BMO) reports it had $1.06 billion of net income in the first quarter, up two per cent from a year earlier, as the bank cut its provisions for credit losses by nearly...
View ArticleMacy's 4Q profit rises 11 pct, but winter storms hurt sales
NEW YORK, N.Y. - Macy's Inc.'s fourth-quarter profit rose 11 per cent, but the department store chain suffered a sales shortfall because a string of winter storms chilled business in January.The...
View ArticleTSX heads lower amid China concerns, BMO, National Bank post solid earnings
TORONTO - The Toronto stock market was lower Tuesday as China concerns depressed oil prices and energy stocks while two major banks posted solid earnings reports.The S&P/TSX composite index dropped...
View ArticleCanadian dollar slips amid lower commodities, traders look to economic data
TORONTO - The Canadian dollar was slightly lower as commodity prices fell and markets awaited the latest readings on U.S. consumer confidence and house prices.The loonie slipped 0.04 of a cent to 90.32...
View ArticleFinancial rescue may be forthcoming for Ukraine, but any deal will mean...
KYIV, Ukraine - Ukraine needs money, and fast — in weeks, not months. But bailing out the country of 46 million people will not be as easy as simply writing a big check.For one, Ukraine has already...
View ArticleUS home prices declined in December for 2nd straight month as housing...
WASHINGTON - U.S. home prices fell for the second straight month in December as brutally cold weather, tight supply and higher costs slowed sales.The Standard & Poor's/Case-Shiller 20-city home...
View ArticleJPMorgan Chase boosts layoff plans, will cut 8,000 jobs this year as mortgage...
JPMorgan plans 8,000 layoffs this year as its mortgage and retail banking businesses shrink.About half of those job cuts had already been announced, but it is cutting more jobs than planned as it tries...
View ArticleStatistics Canada says family net worth $243,800 in 2012, up 44.5% from 2005
OTTAWA - Statistics Canada says the median net worth of Canadian family units was $243,800 in 2012, up 44.5 per cent from 2005.The agency says the median net worth was highest for families where the...
View ArticleTim Hortons To Add 500 Canadian Locations, 300 U.S. Locations By 2018
OAKVILLE, Ont. - Tim Hortons (TSX:THI) says it sees "significant room for growth" in its core Canadian business, the country's largest chain of quick service restaurants.The company says it expects to...
View ArticleUS consumer confidence index dips in February on concerns over business...
WASHINGTON - U.S. consumer confidence fell slightly in February over concerns about the near-term outlook for business conditions and jobs.The Conference Board says that its confidence index dipped to...
View ArticleRob Ford Meets With Big City Mayors, Will Push To Keep Home Mail Delivery
OTTAWA - Rob Ford is in Ottawa for a meeting of Canada's big city mayors where the controversial Toronto mayor says he's pushing to keep Canada Post doing home mail delivery.Ford, who had never before...
View ArticleLowe's 4Q adjusted profit meets analysts' estimates; announces $5B stock...
MOORESVILE, N.C. - Lowe's fiscal fourth-quarter net income rose 6 per cent, as the home-improvement retailer continued to benefit from the housing market's recovery.The company also announced a new $5...
View ArticleRoyal Bank first-quarter net income rises to $2.09 billion, dividend going up
TORONTO - Royal Bank of Canada (TSX:RY) earned $2.09 billion in its latest quarter as it recorded growth across most of its business, the bank said Wednesday as it announced a six per cent increase to...
View ArticlePhilip Seymour Hoffman's friend creates foundation under lawsuit settlement...
NEW YORK, N.Y. - A close friend of Philip Seymour Hoffman has settled a libel lawsuit against The National Enquirer by creating a playwriting foundation to be initially funded by the tabloid.In a...
View ArticleSears Canada Q4 revenue falls 10 per cent but profit rises due to unusual items
TORONTO - Sears Canada Inc. (TSX:SCC) reports it had a $373.7 million net profit in for the quarter ended Feb. 1.That was up from $39.9 million a year earlier, but the increase was largely related to...
View ArticleTarget's 4Q Profit Drops On Costs Related To Data Breach, Canadian Stores
NEW YORK, N.Y. - Target Corp.'s massive data breach over the holidays and the cost of its first expansion outside the United States helped push its fourth-quarter profit down 46 per cent.The...
View ArticleCanadian Consumer Debt To Hit All-Time High By 2014's End, TransUnion Predicts
MONTREAL - Canadians are still on target for a record year of personal debt despite ending 2013 by making a small dent in the money they owe, says credit monitoring agency TransUnion.At the end of last...
View ArticleRoyal Bank Q1 Profit Rises To $2.09 Billion, Dividend Going Up
TORONTO -- Royal Bank of Canada (TSX:RY) says its first-quarter net income was $2.09 billion, up two per cent from a year earlier despite recording a loss on the sale of RBC Jamaica. Royal Bank chief...
View ArticleToronto stock market chalks up modest gain, Royal Bank posts strong earnings
TORONTO - The Toronto stock market advanced Wednesday amid a strong earnings report from Royal Bank (TSX:RY) and mixed results from key retailers.The S&P/TSX composite index gained 18.85 points to...
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