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Business

Marlboro maker Altria's 1Q profit falls on lower cigarette sales, year-ago comparison

RICHMOND, Va. - Altria Group Inc.'s first-quarter profit dropped 15 per cent as the Marlboro maker sold fewer cigarettes and its year-ago results benefited from lower expenses from a longstanding legal settlement.

How to hit spring and summer music festivals without hitting a sour financial note

NEW YORK, N.Y. - As the air gets warmer and spring blossoms, the season of music festivals is upon us. From Bonnaroo Music & Arts Festival in Tennessee in June to Lollapalooza in Chicago in August, music lovers across the country will soon begin to flocking to festivals, which can draw hundreds of thousands of fans.

PotashCorp has Q1 earnings of US$340 million, says market conditions improving

SASKATOON - Potash Corp. of Saskatchewan Inc. earned US$340 million in the first quarter, down from the same time last year, but better than it expected at the beginning of 2014, the fertilizer producer said Thursday.

Sears Canada CEO will devote more resources to improve online experience

TORONTO - Sears Canada Inc. (TSX:SCC) chief executive Douglas Campbell said Thursday he will dedicate more resources to the struggling company's online shopping experience and an updated inventory management system.

Earnings news supports TSX, traders cautious amid worsening Ukraine crisis

TORONTO - The Toronto stock market was higher late morning Thursday amid positive earnings news and rising tensions between Russia and Ukraine.

Index rack up minor gains amid positive earnings, jitters about Ukraine crisis

TORONTO - North American stock markets were well off session highs mid-morning Thursday amid rising tensions between Russia and Ukraine.

Sherritt says Glass Lewis recommends backing company board nominees

TORONTO - Sherritt International Corp. (TSX:S) said Thursday that proxy advisory firm Glass, Lewis & Co. has recommended clients support the company's director nominees and resolutions in its fight with a dissident shareholder group.

CIBC chief executive to retire in April 2016 after more than a decade in the job

MONTREAL - The top executive at CIBC announced Thursday that he plans to retire in about two years - effective April 30, 2016.

Applications for US unemployment aid jumped last week to 329K, likely due to Easter layoffs

WASHINGTON - The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.

Toronto stock market moves higher amid run of positive earnings news

TORONTO - The Toronto stock market was slightly higher Thursday amid another heavy slate of earnings news in Canada and the U.S.

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