The Canadian Press April 30, 2008 - 8:40 a.m. CALGARY - Talisman Energy Inc. (TSX:TLM) reported first quarter earnings of $466 million, down 10 per cent from the same period last year after the sale of certain non-core estate. Net income compared to $520 million or 49 cents per share a year agone, when Talisman recorded a $277 million gain on asset sales. The profit amounted to 46 cents per share. The Calgary-based energy company said production for the quarter averaged ...
Hess 1st-qtr profit doubles on sharp increases in price of crude oil and natural gas
Apr 30 2008
April 30, 2008 - 08:39 a.m. NEW YORK (AP) - Hess Corp. said Wednesday its first-quarter earnings more than doubled, as the price of oil and natural gas soared and production edged higher. The company earned $759 million, or $2.34 per share, compared with $370 million, or $1.17 per share, in the year-ago quarter. Revenue leaped 45 percent to $10.7 billion, from $7.4 billion in the prior-year period. Analysts were expecting a profit of ...
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Jones Apparel 1st-quarter profit falls on 1-time items related to unit sale, restructuring
Apr 30 2008
April 30, 2008 - 08:38 a.m. NEW YORK (AP) - Apparel maker Jones Apparel Group Inc. on Wednesday said its first-quarter profit declined 59 percent, as sales fell as the company exited some moderate sportswear lines. Quarterly profit fell to $19.5 million, or 23 cents per share, from $47.8 million, or 44 cents per share, in the same period last year. Excluding costs related to the sale of Barneys New York in September 2007, severance and ...
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Iran completely stops conducting oil transactions in US dollars
Apr 30 2008
The Associated Press April 30, 2008 - 6:35 a.m. TEHRAN, Iran - A top Oil Ministry official says Iran, OPEC's second-largest producer, has completely stopped conducting all its oil transactions in U.S. dollars. Iran has dramatically reduced dependence on the dollar over the past year in the face of increasing U.S. pressure on its financial system and the fall in the value of the American currency. Oil is priced in U.S. dollars on the world market and the currency's depreciation has ...
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Time Warner Cable says 1st-quarter profit drops as Time Warner Inc. planning to spin-off
Apr 30 2008
April 30, 2008 - 06:33 a.m. NEW YORK (AP) - Cable operator Time Warner Cable Inc. said Wednesday its first-quarter profit slipped 12 percent partly on increased costs and expenses, as Time Warner Inc. said it is working on plans to spin off its remaining stick of the business. For the period ended March 31, net income fell to $242 million, or 25 cents per share, compared with $276 million, or 28 cents per share, in ...
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