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Magna stock soars above $100 on TSX after earnings surprise, dividend hike

2014-03-04 02:24:30| Automakers - Topix.net

Magna International Inc. jumped higher Monday after the Canadian auto parts giant announced a dividend increase and better financial results than analysts were expecting.

Tags: stock surprise earnings dividend

 

Massive losses hit EnergyAustralia as demand falls, solar soars

2014-02-28 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Renew Economy: EnergyAustralia, one of the big three utilities in the country, has slumped to a loss of $350 million for calendar 2013 after slashing the value of its Yallourn brown coal generator, as well as some of its gas-fired generation assets. The write-down came as the company, owned by Hong Kong based CLP Holdings, returned a profit of just $18 million (down from $236 million in 2012) for the year from its portfolio of coal and gas generation and its large retail customer base -- a result it blamed mostly...

Tags: hit falls demand massive

 
 

BRF Outlook Good as Income Soars

2014-02-28 01:00:00| ThePigSite - Industry News

BRAZIL - BRF - formerly known as Brasil Foods - saw profits rise by 38 per cent last year to BRR1.1 billion.

Tags: good income outlook soars

 

CIBC hikes payout as profit beats Street, soars to $1.2-billion

2014-02-27 13:29:57| Grocery - Topix.net

Canadian Imperial Bank of Commerce's first-quarter profit jumped significantly, boosted by solid core earnings as well as one-time items.

Tags: street profit beats payout

 

Abercrombie & Fitch soars despite weak sales

2014-02-26 21:07:48| Apparel - Topix.net

Abercrombie & Fitch may not be as popular as it once was with teens, but investors liked the look of the retailer's latest quarterly results.

Tags: sales weak fitch abercrombie

 

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