S&P 500 Closes Lower for a Third Session; Dow Ekes Out Gain
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In light of Sunshine Oilsands' quarterly loss, John Zahary, President and CEO, says the company's projects are in pre-production stage and revenue will start coming in soon.
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May 23- Marathon Oil Corp said on Thursday that negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada ended without a deal.
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MONTREAL-- More than one million Montreal residents are being told to boil their drinking water after a malfunction at Canada's second-biggest filtration plant. The advisory applied to most of Montreal. City spokeswoman Valerie De Gagne and others describe it as unprecedented.
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May 23- Marathon Oil Corp said on Thursday that negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada had ended without a deal. An agreement with the prospective purchaser was not reached and the company is not engaged in any other discussions to sell the assets, Marathon said.
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EAST AURORA, N.Y.-- Toy maker Fisher-Price said Wednesday it's moving or eliminating roughly 100 jobs from its operations New York as part of restructuring by parent company Mattel Inc..
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*Earnings of C $1.90 per share vs analysts' forecast of C $1.91. TORONTO, May 23- Toronto-Dominion Bank reported a 2 percent increase in quarterly earnings, driven by stronger trading-related revenue and higher income from its U.S. retail banking unit.
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TORONTO, May 23- Toronto-Dominion Bank's quarterly profit rose 2 percent, driven by stronger wholesale banking income, the bank said on Thursday. The bank, Canada's second-largest, said it had earned a net C $1.72 billion, or C1.78 a share, in the second quarter ended April 30. That compared with a year-earlier profit of C $1.69 billion, or C $1.78 a share.
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HAVANA, May 23- A Canadian businessman who has confessed to bribing Cuban officials was scheduled to go on trial in Havana on Thursday, almost two years after his arrest in a sweeping government crackdown on corruption.
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OTTAWA, May 22- The Canadian government is examining the role of the federal housing agency in providing insurance for mortgage portfolios held by banks, Finance Minister Jim Flaherty said on Wednesday.
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May 22- General Motors Co is recalling worldwide more than 27,000 Cadillac crossover vehicles whose wheels could fall off due to potentially loose wheel nuts. GM said on Wednesday it knows of no crashes or injuries due to the issue and that no wheels have separated from the sport utility vehicles built on car-based platforms.
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WASHINGTON, May 22- The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada- to- Nebraska leg of the Keystone XL oil pipeline, a move that would take a decision on the project away from the Obama administration.
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WASHINGTON, May 22- The U.S. House of Representatives approved a bill on Wednesday declaring that a presidential permit was not needed to approve the Canada- to- Nebraska leg of the proposed Keystone XL oil pipeline. The Republican-controlled House voted 241-175 with support from some Democrats.
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GENEVA, May 22- Russia, long touted as an engine of growth for the stuttering global business aviation industry, needs radical changes in its taxation and regulatory system if it is to fulfil that promise, a U.S. expert said on Wednesday.
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NASHVILLE, Tenn.-- Automotive supplier Van-Rob will expand its plant in Tennessee's Coffee County, adding 104 jobs. Company and state officials said Wednesday the company is spending $16.8 million to increase manufacturing in Manchester. Van-Rob, Inc. _ based in Aurora, Canada _ is a division of KIRCHHOFF Automotive.
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NEW YORK-- Shares of Dycom Industries Inc. rose to a 14- month high Wednesday after the telecommunications contractor posted better-than-expected results for its fiscal third-quarter and issued a strong guidance for the current period.
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May 22- Zale Corp said on Wednesday its new chairman would be the former chief executive of its biggest rival, and shares of the mid-tier jeweler jumped 30 percent. Terry Burman, who was CEO of Kay Jewelers parent Signet Jewelers Ltd from 2000 to 2011 and oversaw large U.S. market share gains, will take up the chairmanship post next Friday, Zale said.
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WINNIPEG, Manitoba, May 22- Russia's Uralkali OAO would delay two of its potash mine expansion projects for as long as a decade if rival BHP Billiton gave final approval to building the world's biggest mine of the crop nutrient, Uralkali's chief executive said in an interview.
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OTTAWA, May 22- Falling gasoline prices kept the value of Canadian retail sales unchanged in March from February, but analysts said a sharp rise in volumes signals the economy was more robust than expected in the first quarter. Mazen Issa, a Canada macro strategist at TD Securities, said the growth in volumes was surprisingly strong.
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MADAWASKA, Maine-- A northern Maine paper mill is being sold to two New York- based investment firms. Blue Wolf Capital Partners and Atlas Holdings announced Wednesday they have reached an agreement to buy a controlling interest in Twin Rivers Paper Co. from Brookfield Asset Management, based in Toronto.
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TORONTO, May 22- Canadian Pacific Railway Ltd said on Wednesday it has repaired and reopened a rail line near Jansen, Saskatchewan, and continues to clean up after a derailment that spilled 575 barrels of crude oil on Tuesday. The accident follows a CP derailment in western Minnesota that spilled 360 barrels of Canadian crude in late March.
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WINNIPEG, Manitoba, May 22- Russia's Uralkali OAO would delay two of its potash mine expansion projects for as long as a decade if rival BHP Billiton gave final approval to building the world's biggest mine of the crop nutrient, Uralkali's chief executive said in an interview.