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Open Text revenue beats estimates for first time in four quarters
The company also said it would buy back up to $200 million of stock and reaffirmed its intent to spend $3 billion on acquisitions.
Posted on 7-30-2015 at 9:56 AM
Consumer spending bolsters U.S. second-quarter growth
U.S. economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.
Posted on 7-30-2015 at 9:43 AM
Goldcorp slashes payout 60% as profit doubles
Goldcorp Inc. reaped the rewards of its Tahoe Resources share sale, doubling its profit for the second quarter. But the miner slashed its dividend by 60 per cent to give it a financial buffer amid the deep slump in gold prices.
Posted on 7-30-2015 at 9:15 AM
PotashCorp profit misses estimates as nitrogen prices sink
Potash Corp. of Saskatchewan, the world’s largest fertilizer producer, reported quarterly profit that missed analysts’ estimates as prices for nitrogen-based fertilizers fell on increased global supply.
Posted on 7-30-2015 at 9:05 AM
Cenovus chops payout by 40%, looks to cut jobs
Cenovus Energy Inc. says it’s looking to cut between 300 to 400 jobs in the second half of this year, and is chopping its quarterly dividend by 40 per cent.
Posted on 7-30-2015 at 8:33 AM
Shell to cut 6500 jobs, slashes billions in spending as ‘prolonged downturn’ looms
Royal Dutch Shell Plc said it’s preparing for a “prolonged downturn” by cutting thousands of jobs and slashing billions of dollars in investments over the next two years. The shares gained the most in almost six months.
Posted on 7-30-2015 at 7:47 AM
Bombardier delays business jet, trims costs as profit sinks
Bombardier Inc. announced a formal cost-control program and the delay of its Global 7000 business jet by two years as it battles to get its flagship C Series jet to market and reassure investors.
Posted on 7-30-2015 at 7:29 AM
Suncor Energy cuts spending again on weak oil, boosts payout
The oil sands giant says it's reviving plans to buy back as much as $500 million worth of its own stock amid depressed energy markets.
Posted on 7-30-2015 at 12:44 AM

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