BCE&#39;s Q3 profit sinks to $82M from $446M as over 5,000 workers ...
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MONTREAL (CP) - BCE Inc. is posting a special charge of $985 million as 5,052 workers - 11 per cent of the workforce - take advantage of buyouts announced earlier this year.
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Profit at PG&amp;E Corp. fell 55.3 percent in the most recent quarter, a drop the company blamed Tuesday on a lingering effect of California&#39;s energy crisis.
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TORONTO (CP) - Negative economic indicators helped send stock markets lower Tuesday while two more big Canadian banks reported quarterly profits.
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British Airways has said that third-quarter net profits sank 12.0 percent and revealed it would lose 80 million pounds from a cancelled cabin crew strike earlier this week.
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OTTAWA (CP) - The Canadian dollar on Friday eclipsed the 80-cent US mark for the first time in more than a decade, as a jump in job-creation last month pushed unemployment down to the lowest rate in three years and built the case for the Bank of Canada to
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BT profits fall 30% hit by the costs of its restructuring programme, but it makes 35% of broadband connections.
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British telecoms operator BT Group said Thursday that 5,000 jobs would be lost this year, as it announced that net profit slid by nearly a third during its second quarter.
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Bank of America, the third large money-center bank to report earnings this week, said its net income fell 32 percent in the third quarter to $3.70 billion. The decline was less than the 57 percent plunge in profits at Citigroup. But the results were far worse than the 2 percent rise in earnings posted by [...].
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BP  reported a 45 percent fall in third-quarter replacement-cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales which had flattered the year-earlier result.
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The bank said its fourth-quarter earnings fell sharply,  to $268 million from $5.26 billion a year earlier, hurt by mounting credit losses and weak investment banking results.
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BP Plc posted a 1 percent drop in quarterly post-tax profit to $6.087 billion as production fell and refinery outages prevented the oil giant from taking full advantage of near-record refining margins.
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UBS, Switzerland's largest bank, recorded third quarter losses of 830 million Swiss francs (495 million euros, 713 million dollars) Tuesday, blaming a lack of liquidity following a crisis in the US home loans market.
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Baxter International Inc.<BAX.N, the  medical products maker, on Thursday said its third-quarter  profit fell from a year ago amid anemic sales growth in its two  biggest businesses.
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MONTREAL (CP) - BCE Inc. is selling most of its minority stake in MTS for a total of $578 million, with MTS buying back more than half of the shares and the rest sold on the open market, BCE announced Wednesday.
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Royal Bank of Canada, the country&#39;s largest bank, said fourth-quarter profit fell 37 percent after the bank took aC$255 million ($215 million) charge to write down its US mortgage unit and to cut 1,660 jobs.
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The newspaper publisher and television station operator said third-quarter profit fell to $2.5 million as ad revenue slumped.
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TORONTO (CP) - Credit Suisse First Boston Canada Inc. has been fined $1.35 million for failing to provide timely reporting of off-market trading of more than nine million shares of BCE Inc.