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Canadian Natural Resources to cut capital spending again after quarterly loss

2015-05-07 14:06:34| Energy - Topix.net

Canadian Natural Resources Ltd. says it recorded a net loss of $252 million in the first quarter of the year, or 23 cents per share, as the recent plunge in crude oil prices continues to impact its bottom line. The company says it has increased production and cut costs in response to the lower prices and will trim this year's capital spending by another $300 million across all segments, to approximately $5.7 billion.

Tags: resources natural capital loss

 

Kenneth Moffet's Hourglass Capital Fond of Airlines, Investment Banks for Q2

2015-05-06 11:54:26| Airlines - Topix.net

Kenneth A. Moffet's Hourglass Capital is a fund which is not currently in our database, but one whose top picks from its latest 13F filing we wanted to analyze and share with readers nonetheless. What we found is a big long-term commitment from the fund in airline stocks, with three of the world's major air carriers: American Airlines Group Inc , United Continental Holdings Inc , and Delta Air Lines, Inc. , being in the fund's top seven long positions.

Tags: capital investment banks fond

 
 

Source Capital, Inc.: A Highly Focused Old Timer CEF

2015-05-06 03:04:42| Auto Parts - Topix.net

Source Capital, Inc. traces its history back to 1968 , making it well over 40 years old. That's a fairly long history, and it comes with solid performance.

Tags: source capital highly focused

 

City Ups Contribution to MTA Capital Plan

2015-05-05 11:48:29| Railroads - Topix.net

The city says it's bumping up how much money it gives to the cash-strapped Metropolitan Transportation Authority - but the state-run agency says it's still being shortchanged as it tries to fill a multi-billion dollar funding gap. NY1's Jose Martinez filed this report.

Tags: city plan capital ups

 

Gov. Inslee taps biotech community to brainstorm how to gain more capital

2015-05-05 00:22:09| Biotech - Topix.net

Gov. Jay Inslee talks at Cambia Grove in Seattle about the need to find innovative funding avenues for Washington state's biotech industry. More accessible angel investors and capital, more physical office and lab space for biotech companies and a better tax climate for companies large and small.

Tags: community gov capital gain

 

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