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Rogers defends higher cellphone rates; misses forecasts despite bigger profits
2016-01-27 23:49:29| Wireless - Topix.net
Rogers CEO Guy Laurence on Wednesday defended the communications giant's decision to raise cellphone rates despite higher revenue and profits, saying it was necessary to cover the high cost of building and maintaining mobile networks. Laurence said that fourth-quarter competition in the wireless sector was the most intense in Canadian history as it competed hard against BCE Inc. and Telus Corp. for the first wave of customers who signed two-year contracts following a 2013 CRTC decision limiting cancellation fees.
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At midday: TSX edges higher; Wall St. awaits the Fed
2016-01-27 20:25:44| IT Services - Topix.net
Trader Tommy Kalikas works on the floor of the New York Stock Exchange, Wednesday, Jan. 27, 2016. Trader Tommy Kalikas works on the floor of the New York Stock Exchange, Wednesday, Jan. 27, 2016.
Stock rise, driven by a turn higher in crude oil prices
2016-01-27 01:06:25| Chemicals - Topix.net
U.S. stocks jumped Tuesday as the price of oil made another abrupt reversal, this time rising almost 4 percent after falling sharply the day before. Energy stocks climbed along with the price of oil, and Chevron and Exxon Mobil made major gains.
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Coach and peers higher despite shaky read on handbags
2016-01-26 23:09:50| Jewelry - Topix.net
Movado , Kate Spade , Michael Kors , and Vera Bradley are all higher after the Coach print, although some traders are expressing caution.
Terex shares climb higher on unsolicited Zoomlion bid
2016-01-26 22:01:15| Industrial Machines - Topix.net
Shares of heavy lifting equipment maker Terex Corp. soared after the company announced it had received an unsolicited takeover offer of $30 per share from China's Zoomlion Heavy Industry Science and Technology Co. Terex shares jumped 34 per cent to $20.07 in afternoon trading Tuesday after rising as high as $23.98 earlier.
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