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Canadian Natural Resources to cut capital spending again after quarterly loss

2015-05-07 14:09:07| Oil & Gas - Topix.net

Canadian Natural Resources Ltd. says it recorded a net loss of $252 million in the first quarter of the year, or 23 cents per share, as the recent plunge in crude oil prices continues to impact its bottom line. The company says it has increased production and cut costs in response to the lower prices and will trim this year's capital spending by another $300 million across all segments, to approximately $5.7 billion.

Tags: resources natural capital loss

 

Canadian Natural Resources to cut capital spending again after quarterly loss

2015-05-07 14:06:34| Energy - Topix.net

Canadian Natural Resources Ltd. says it recorded a net loss of $252 million in the first quarter of the year, or 23 cents per share, as the recent plunge in crude oil prices continues to impact its bottom line. The company says it has increased production and cut costs in response to the lower prices and will trim this year's capital spending by another $300 million across all segments, to approximately $5.7 billion.

Tags: resources natural capital loss

 
 

Siemens to cut 4,500 jobs worldwide

2015-05-07 10:18:02| BBC News | Business | UK Edition

German electronics giant Siemens plans to cut 4,500 jobs - 1% of its global workforce - as it misses profit forecasts.

Tags: jobs cut worldwide siemens

 

Fossil Group Price Target Cut to $75.00

2015-05-07 06:23:27| Jewelry - Topix.net

The firm currently has an "underweight" rating on the stock. Barclays' target price would indicate a potential downside of 13.25% from the company's current price.

Tags: price group cut target

 

Wisconsin Lawmakers Cut $4M in Recycling Funding

2015-05-06 23:01:00| Waste Age

The Associated Press The Wisconsin Legislature's budget-writing committee has voted to cut a local recycling program cut by 20 percent. read more

Tags: cut funding wisconsin recycling

 

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