*Net operating costs fall to C $7.43/ barrel from C $9.43. MEG, whose main operations are in the Athabasca region of Alberta, said its cash flow from operations fell by about 93 percent to C $7 million in the second quarter as bitumen prices fell along with U.S. benchmark crude prices. However, the company's net operating costs fell to a record low of C $7.43 per barrel...
MEG, whose key operations are in the Athabasca oil sands region of Alberta, said cash flow from operations fell about 93 percent to C $7 million, hurt by lower bitumen prices due to a decline in U.S. benchmark crude prices. MEG also reduced its non-energy operating costs in 2016 to a range of C $6.00 to C $7.00 per barrel from an earlier forecast of C $6.75 to C $7.75 per...
Some analysts and investors had raised questions about Sprint's financial position after majority owner SoftBank Corp agreed earlier this month to buy UK chipmaker ARM Holdings Plc for $32 billion. Sprint had negative cash flow of $3.17 billion in the financial year ended March 31. The carrier, based in Overland Park, Kansas, also experienced its lowest...
A senior UBS executive says wealthy investors are worried that the election could hurt their retirement accounts.
CNBC's Eamon Javers reports on entrepreneurs working to keep the cash economy running smoothly in legal marijuana industry.
The company said on Wednesday that it now expected free cash flow of C $670 million in the fourth quarter, nearly double the C $338 million it forecast previously. The oil producer also said it expected the final part of the second phase of its Horizon oil sands project, located north of Fort McMurray in Alberta, to start in four months, with estimated initial...
Discussing market action today with Meg Green, of Meg Green & Associates; Ben Willis, of Princeton Securities Group; and CNBC's Rick Santelli.
Now that you’re retired, how should you invest your 401(k) and IRAs to make sure your money will last as long as you do.
Feel like your finances are in a mess? CNBC’s Sharon Epperson gives you the tools to do a quick clean-up and get them in order in three easy steps.
An app created by Fastcash allows users to send and receive money using social networking sites.
The results from Asian commodities player Noble highlights the important role of commodities traders, says Nirgunan Tiruchelvam, director of research at Religare Capital Markets Singapore.
AT&T expects to report more than 2 million net subscriber additions for the third quarter, with gains in every category.
Steven Lowy, co-CEO of Westfield, discusses the company's first-half earnings report and explains why concerns regarding Westfield's cashflow are incorrect.
Kristina Hooper, Allianz Global Investors, explains why cash is a bad place to be right now for investors. Equities are the place to be in an environment of financial repression, says Hooper.
ICAEW has published a survey suggesting that UK businesses are sitting on cash surpluses and are less likely to invest until they feel more secure. Stephen Ibbotson, director of business at ICAEW, explains more.
Here are 7 non-financial companies in the Russell 1000 index that have bled through $2 billion or more in free cash flow in 2014.
Staples reported higher-than-expected quarterly sales and profit as demand recovered for core office supplies such as paper and ink products.
Sam Le Cornu, Senior Portfolio Manager at Macquarie comments on China markets and property plays.
Ben Collett, Head of Asian Equities at Sunrise Brokers, explains the factors behind the weak market debut of Japan Display.
David Garrity, Principal at GVA Research comments on Oracle's outlook and why he prefers Microsoft instead.