Canadian stocks rose, as energy companies and gold miners gained while consumer shares jumped amid an increase in retail sales during February.
Ericsson AB, the world’s biggest maker of wireless networks, reported sales that missed analysts’ estimates as it focused on more lucrative contracts to boost profitability. The stock slumped.
Cnooc Ltd., China’s biggest offshore energy explorer, posted gains in first quarter output and sales as production rose at its Canadian unit Nexen.
Teck Resources Ltd., Canada’s largest diversified mining company, will eliminate about 600 jobs worldwide to reduce costs amid lower commodity prices.
AT&T Inc. plans to extend its fastest fiber-optic Internet service to 21 major cities, further ramping up competition with Google Inc. and cable providers.
Dave Lesar sees better days ahead for Halliburton Co. in North America’s oversupplied fracking market.
U.S. existing home sales last month held close to the lowest level since July 2012, while new home sales and durable goods orders probably picked up, data this week may show.
Manufacturing will take center stage in the global economic watch this week, with the U.S. projected to fare better than the rest.
Rising demand for more advanced oilfield technology to tap hard-to-reach crude around the world spurred a record first-quarter profit for Schlumberger Ltd.
Most businesses focus on profits. The energy infrastructure companies known as master limited partnerships are all about cash.
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