Tc Energy Corp. it has announced plans to split into two separate companies by severing its crude oil pipeline business. The Calgary — based pipeline giant made the announcement-which it called “transformative” – after the close of markets on Thursday, a day before its scheduled conference call to discuss the company’s second-quarter earnings. According to … Read more
Open this photo in the gallery: Teck Resources CEO Jonathan Price answers questions from reporters after the company’s special shareholder meeting in Vancouver on April 26.DARRYL DYCK / The Canadian Press Teck Resources Ltd. TECK-B-T chief executive Jonathan Price says he is pleased with the progress the Canadian miner has made in talks with interested … Read more
Peter Boer / Bloomberg / Getty Images / File Petrol tanker trucks parked outside Shell Pernis refinery in Rotterdam, Netherlands, in October 2022 London CNN — Shell and TotalEnergies have reported a steep drop in second-quarter profits after oil and gas prices fell from record levels reached after Russia’s full-scale invasion of Ukraine 17 months … Read more
Microsoft Corp. it reported tepid fourth-quarter sales growth, hampered by slowing demand for cloud-computing services as the software maker expects a rise in revenue from new products powered by artificial intelligence. Profit in the period ended June 30 was US $ 2.69 per share and sales rose 8 per cent to US $ 56.2 billion, … Read more