Encana Corp will shift base to the United States and become Ovintiv Inc, the Canadian oil and gas producer said on Thursday, as Canada faces pipeline capacity shortages that have led many companies to move from the country’s energy sector.
British business minister Nadhim Zahawi on Thursday welcomed Spirit AeroSystems’ purchase of Bombardier’s plant in Belfast as great news for workers and a welcome investment in the United Kingdom.
A global inquiry into how mining companies store billions of tonnes of waste in huge dams, launched after a collapse in Brazil killed hundreds, shows about a tenth of the structures have had stability issues, investors said on Thursday.
Estee Lauder Cos Inc cut its forecast for full-year profit on Thursday, citing an array of political and economic risks including ongoing protests in Hong Kong, Brexit and slowing growth in China.
Intercontinental Exchange Inc , which owns the New York Stock Exchange, beat analysts’ estimates for third-quarter profit on Thursday, buoyed by strength in its trading and clearing business and data services unit.
U.S. stock index futures fell on Thursday as uncertainty around a potential trade deal between the United States and China overshadowed strong earnings reports from Apple and Facebook.
Apple Inc managed to largely stem a fall in China revenue in the September quarter thanks to the release-timing of the iPhone 11, a cheaper variant, and a bit of good luck, but analysts said the company’s good fortunes might be shortlived.
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Canada’s Bombardier said on Thursday it had agreed to sell its aerostructures business to Spirit AeroSystems for more than $1 billion in cash and debt.
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Estee Lauder Cos Inc cut its full-year profit forecast on Thursday, expecting a hit from the ongoing protests in Hong Kong and slowing growth in China and travel retail, sending its shares down 5%. The company now expects 2020 adjusted profit between $5.85 and $5.93 per share compared with its prior range of $5.90 to $5.98. Estee Lauder also cited risks from uncertainty around Brexit to its full-year forecast. …read more […]
Marathon Petroleum Corp chief Gary Heminger will retire next year after almost a decade in charge, the U.S. refiner said on Thursday, as it announced plans to spin off its gas station business Speedway and review its midstream assets. The moves, which follow media reports earlier this week that the company was preparing to shake up management, respond in part to pressure from activist investors Elliott Management Corp and DE Shaw & Co for changes at the company. Chief Executive Officer Heminger will retire next year when his current term ends. …read more […]
BOSTON (AP) _ American Tower Corp. (AMT) on Thursday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations. The Boston-based real estate investment trust said it had funds from operations of $861 million, or $2 per share, in the period. …read more […]
Canadian oil and gas producer Encana Corp said on Thursday it will redomicile to the U.S. and change its name to Ovintiv Inc.
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