Recent Business Headlines

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at 05:01 on July 31, 2014, EDT.

Adidas lowers 2014 profit target, citing risks in Russian market and weakness in golf sector

BERLIN - Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.

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at 04:05 on July 31, 2014, EDT.

Nova Scotia finance minister to release audited financial statements

HALIFAX - Nova Scotia's finance minister will give an update today on the government's finances for the last fiscal year.

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at 00:01 on July 31, 2014, EDT.

Suncor net income falls, takes charge on cancelled oilsands project

CALGARY - Suncor Energy Inc. (TSX:SU) said Wednesday its net income during the second quarter dropped by more than two thirds as it took some $1.2 billion in charges related to its holdings in the oilsands and in Libya.

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at 22:58 on July 30, 2014, EDT.

Suncor net income falls, takes charge on cancelled oilsands project

CALGARY - Suncor Energy Inc. (TSX:SU) said Wednesday its net income during the second quarter dropped by more than two thirds as it took some $1.2 billion in charges related to its holdings in the oilsands and in Libya.

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at 20:30 on July 30, 2014, EDT.

B.C. government approves $5.3-billion copper-gold mine in province's north

VANCOUVER - The British Columbia government has granted environmental approval for a proposed $5.3-billion mine in the provinces north, which would tap into one of the largest gold and copper deposits in the world and has already received support from local First Nations.

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at 19:59 on July 30, 2014, EDT.

Most actively traded companies on the TSX

Some of the most active companies traded Wednesday on the Toronto Stock Exchange:

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at 19:52 on July 30, 2014, EDT.

Yamana Gold's Q2 adjusted earnings come in at US$43.3 million, revenue falls

TORONTO - Yamana Gold Inc. (TSX:YRI) had US$43.3 million of adjusted earnings in the second quarter, which was down from a year earlier amid lower revenue and realized gold prices.

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at 19:10 on July 30, 2014, EDT.

Agnico Eagle's Q2 net profit is US$37.7 million, revenue rises on higher output

TORONTO - Agnico Eagle Mines Ltd (TSX:AEM) had US$37.7 million of net income in the second quarter and the profit would have been higher without costs associated with its acquisition of a 50 per cent stake in Osisko Mining, in partnership with Yamana Gold (TSX:YRI).

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at 18:15 on July 30, 2014, EDT.

Kinross Gold adjusted earnings fall to US$32.9 million, miss estimates

TORONTO - Kinross Gold Corp. (TSX:K) had US$32.9 million of adjusted earnings in the second quarter, down 72 per cent from the same time last year and below analyst estimates.

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at 17:41 on July 30, 2014, EDT.

Barrick Gold's adjusted profit falls to US$159 milion, misses analyst estimates

TORONTO - Barrick Gold Corp. (TSX:ABX) had a US$269-million net loss and $159-million of adjusted earnings in the second quarter, missing analyst estimates on both counts.

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at 17:04 on July 30, 2014, EDT.

MDA reports second-quarter profit and revenue up from year ago mark

RICHMOND, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) said Wednesday it earned $36.5 million in the second quarter, up from $31.1 million a year earlier, as revenue grew by more than 20 per cent.

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