Losses subside on Street as new home sales lift

Articles

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  10:44 am

  Sunridge Gold defines sixth mineral resource at Asmara project

  Sunridge Gold Corp. (CVE:SGC) has added more good news to an already auspicious month with the completion of a mineral resource estimate for the Kodadu target on the company’s Asmara project in Eritrea, the sixth such mineral resource defined by the Vancouver-based exploration and development company on the property.

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  10:15 am

  Silvercorp Metals implements new mining strategy at Ying District to lower total mining costs

  Like many of its peers, Silvercorp Metals (TSE:SVM)(NYSE:SVM) has posted fourth quarter results that reflect the current challenges facing the mining industry, but the China-focused silver producer says that it is implementing a new mining strategy at its core operations that will lead to lower total mining costs, with the company also forecasting higher ore production for its next fiscal year. 

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  9:21 am

  Toronto-Dominion Q2 profit gains 2% on U.S. retail income; results fall short

  Toronto-Dominion Bank (TSE:TD), Canada’s second-largest lender by assets, said its fiscal second-quarter profit rose 2 percent as trading-related revenue increased and U.S. retail banking net surpassed domestic gains. Net income for the three months ended April 30 rose to C$1.72 billion, or C$1.78 a share, from C$1.69 billion, or C$1.78, a year earlier. 

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  8:51 am

  Wall Street to tumble after China, Fed prompt fears

  U.S. stock futures tumbled on Thursday despite a drop in jobless claims as concerns that the Fed would begin tapering its bond buying program in the near term and weak Chinese manufacturing data combined to hurt investor sentiment.

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  Wed 5:06 pm

  HP tops on the bottom line in Q2

  Shares of Hewlett-Packard Company (NYSE: HPQ) are soaring in after-hours trading after the company topped expectations in the second quarter.

  HP's earnings dropped 31 per cent to $0.55 per share from the same prior-year period. After adjusting for one-time items, earnings fell 11 per cent to $0.87 per share, six cents ahead of analyst expectations. 

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  Wed 4:06 pm

  Copper rises to six-week high as mines close

  Prices for copper on the London Metal Exchange rose to US$7533.75 a metric tonne Wednesday, a bump of 2.2 per cent, to reach a six week high in the wake of Freeport's Grasberg mine disaster on the back of apparent concerns  of constrained supplies.

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  Wed 3:26 pm

  Wall Street turns lower after Fed minutes reveal possible June start for tapering

  U.S. markets reversed sharp gains from earlier in the session on Wednesday as commens from Fed chief Ben Bernanke and minutes from the central bank's latest meeting suggested that the tapering of the aggressive easing policies could begin in the coming months. 

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  Wed 2:48 pm

  Ski-Doo maker BRP to raise C$262 million in largest Canadian IPO this year

  BRP plans to sell 12.2 million shares for C$21.50 each, the Valcourt, Quebec-based company said in a statement on Wednesday. Based on that price, the company’s market capitalization will be about C$2.5-billion. The IPO is Canada's largest since Hudson's Bay Co. (TSE:HBC), the country's oldest company, raised $365 million in November.