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  • July 28- Freeport-McMoRan Inc may cut output at its small North American copper and molybdenum mines to help it reduce costs, analysts said on Tuesday after the miner and oil producer announced a cost and spending review amid weak commodity prices. Shares in Arizona- based Freeport leapt on the announcement, and were last up 9.4 percent at $12.44 on the New York...

  • CALGARY, Alberta, July 28- The left-leaning government of Alberta is open to including industry incentives in its review of royalties paid by oil and gas companies in Canada's largest oil-producing province, Energy Minister Marg McCuaig-Boyd said on Tuesday. The review by the New Democratic Party government, which was elected in May, combined with a recently...

  • NEW YORK, July 28- The U.S. dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies and favored the greenback on expectations that the Federal Reserve could take a hawkish bias in a policy statement on Wednesday. "Anybody who bought euros amid the 1 percent rally yesterday is likely to take some money off the...

  • July 28- Canada's WestJet Airlines Ltd reported a 19 percent rise in quarterly profit, helped by lower fuel costs and addition of new routes. The company's net earnings rose to C $61.6 million, or 49 Canadian cents per share, in the quarter ended June 30 from C $51.8 million, or 40 Canadian cents per share, a year earlier. Calgary- based WestJet shares closed at C $22.67...

  • RESTAURANT BRND beats Street 2Q forecasts Monday, 27 Jul 2015 | 12:09 PM ET

    The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. Five analysts surveyed by Zacks expected $1.03 billion. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK— Burger King got a boost from the return of its "Chicken Fries." Parent company Restaurant Brands International Inc. said Monday sales rose 7.9 percent at Burger King locations in the U.S. and Canada during the second quarter. Restaurant Brands CEO Daniel Schwartz said Chicken Fries are profitable as well because they have a high gross margin and...

  • July 27- Restaurant Brands International Inc, formed out of Burger King's takeover of Canadian coffee and doughnut chain Tim Hortons last year, reported a better-than-expected quarterly profit on strong sales of its newly launched menu items. The two chains are managed separately under parent Restaurant Brands. Restaurant Brands opened 52 net new Tim...

  • July 26- General Electric Co wants to be a "sizable" player in the market for systems that store energy to manage power volatility, a sector the company expects to quadruple to $6 billion by 2020, the head of GE's energy storage business told Reuters. This need has attracted a wide range of companies, including Elon Musk's Tesla Motors Inc, which said in April it plans...

  • TORONTO/ JAKARTA, July 25- Shares of diversified miner and energy producer Freeport-McMoRan sank for a second session on Friday, as uncertainty around Indonesian mining contracts added to worries about spending plans, high debt and falling commodity prices. "They haven't completed the terms," Coal and Minerals director general Bambang Gatot told reporters...

  • TORONTO, July 24- Canadian mining-focused investment bank Edgecrest Capital has put itself on the auction block, hurt by a prolonged downturn in the natural resource sector that has hit fees and activity, according to two sources familiar with the situation. The move comes two years after Toronto- based Edgecrest, which is led by investment banker David Beatty,...

  • July 24- Encana Corp, Canada's No.1 natural gas producer, said it had laid off about 200 employees this month, joining a growing list of oil producers cutting jobs to cope with a steep fall in crude prices. Encana's shares fell 10 percent to a 13- year low of C $10.10 after the company reported a bigger-than-expected quarterly loss due to weak production.

  • Encana reports 2Q loss Friday, 24 Jul 2015 | 6:18 AM ET

    CALGARY, Alberta _ Encana Corp. on Friday reported a second-quarter loss of $1.61 billion, after reporting a profit in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share. Encana shares have fallen 38 percent since the beginning of the year.

  • YouTube makes virtual reality push with 360-degree 3-D Thursday, 23 Jul 2015 | 9:53 PM ET

    ANAHEIM, Calif.— YouTube says it's making a further push into virtual reality, promising to add 3- D support for videos that play back in its 360- degree format. YouTube also said it would provide special camera rigs that support the format at its studios around the world, including at two locations opening in the next year in Toronto and Mumbai.

  • VANCOUVER, July 23- Canada has received just six applications for its pilot immigration program for millionaires, far fewer than for its investor class visa that was scrapped last year amid criticism it was allowing rich Chinese to buy their way into Canada. Canada said in December it was looking for 50 wealthy foreigners to join the pilot run of the Immigrant...

  • Imperial Tobacco Canada, a subsidiary of British American Tobacco Plc, JTI-Macdonald Corp, part of Japan Tobacco Inc, and Rothmans, Benson& Hedges Inc- a subsidiary of Philip Morris International- had originally been ordered by a lower court judge to deposit the amount in trust with their attorneys.

  • Celestica beats Street 2Q forecasts Thursday, 23 Jul 2015 | 6:16 PM ET

    TORONTO _ Celestica Inc. on Thursday reported second-quarter profit of $24.2 million. For the current quarter ending in September, Celestica expects its per-share earnings to range from 28 cents to 34 cents. Celestica shares have declined 0.5 percent since the beginning of the year.

  • NEW YORK/ LONDON, July 23- Gold turned lower on Thursday, dipping back below $1,100 an ounce as a steeper-than-forecast drop in U.S. jobless claims helped the dollar recover from earlier lows, though prices remained under pressure after this week's plunge. Gold posted its deepest one-day loss in nearly two years on Monday, pushing prices through key chart levels...

  • VANCOUVER, July 23- Canada has received just six applications for its pilot immigration program for millionaires, far fewer than for its investor class visa that was scrapped last year amid criticism it was allowing rich Chinese to buy their way into Canada. Canada said in December it was looking for 50 wealthy foreigners to join the pilot run of the Immigrant...

  • TORONTO, July 23- Toronto taxi drivers are launching a class-action lawsuit against ride-sharing company Uber Technologies Inc, seeking more than C $400 million in damages and an injunction to stop it operating in the Canadian province of Ontario. Law firm Sutts, Strosberg LLP, which is representing the taxi drivers, said in a statement on Thursday that the...

  • July 23- Canadian miner Teck Resources Ltd reported a better-than-expected quarterly profit on Thursday, reflecting higher metals sales and lower costs, but said coal output could need further cutbacks if grim market conditions continue. Vancouver- based Teck reported adjusted earnings of 14 Canadian cents per share, above analysts' average estimate of 11...