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United Kingdom

Debroop Roy

Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi

8:53am BST

Bombardier Inc said it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation.

Keane, C&J merge in quest for pricing power as oil producers cut budgets

17 Jun 2019

Oilfield services provider Keane Group Inc will merge with rival C&J Energy Services in a $746 million deal, giving the companies the much-needed pricing heft in an industry grappling with budget cuts by crude producers.

Dollarama raises full-year same-store sales forecast, shares gain 10%

13 Jun 2019

Canadian discount retailer Dollarama Inc beat quarterly revenue estimates and raised its full-year comparable sales forecast on Thursday, as the company held back on aggressive price hikes, sending its shares surging 10%.

Billionaire Schwartz makes $2.6 billion bet on Canada's WestJet Airlines

13 May 2019

Billionaire Gerry Schwartz pounced on Canada's WestJet Airlines on Monday as his private equity firm Onex Corp offered to buy the struggling airline for C$3.5 billion ($2.6 billion), betting it can turn around its recent decline by taking the company private.

Chesapeake sees growth from less-crowded Wyoming basin in second half

08 May 2019

Oil and gas producer Chesapeake Energy Corp on Wednesday reported better-than-expected quarterly production and said it expects growth in the second half to get a boost from the less-crowded Powder River Basin in Wyoming.

UPDATE 2-Noble's Q2 output forecast misses after bigger-than-expected loss

03 May 2019

May 3 Noble Energy Inc on Friday reported a bigger-than-expected quarterly loss on lower oil and gas prices and forecast second-quarter production below analysts' estimates.

DowDuPont profit falls 28 percent on delayed shipments, weak chemical demand

02 May 2019

DowDuPont Inc posted a 28 percent slump in quarterly profit on Thursday, as floods in the United States delayed seed shipments and demand for its specialized chemicals used by the auto and smartphone industries declined, sending shares down about 6 percent.

World News

U.S. pushes Middle East economic plan, Palestinians reject it

Palestinians poured scorn on a $50 billion (£39 billion) economic formula launched by the Trump administration for Israeli-Palestinian peace as the United States sought on Wednesday to win support for the plan as a foundation to ending the decades-old conflict.