TORONTO — The Toronto stock market closed lower Wednesday amid a slew of earnings news and negative moves in commodity prices.Here are the closing numbersTSX — 12,775.28 -13.74 -0.11%S&P 500 — 1,520.33 +0.90 0.06%Dow — 13,982.91 -35.79 -0.26%Nasdaq — 3,196.88 +10.39 0.33%The S&P/TSX composite index declined 13.74 points to 12,775.28 while the TSX Venture Exchange was up 5.28 points at 1,204.23.The Canadian dollar gained 0.09 of a cent to 99.82 cents US.U.S. indexes were mixed as January retail sales met expectations, with the Dow Jones industrials down 35.79 points to 13,982.91.The Nasdaq was 10.39 points higher at 3,196.88, supported by Amazon.com Inc., which has struck a deal with CBS Corp. to expand the networks’s content made available to Amazon’s Prime video streaming service.Amazon stock ran up 4.16% to US$269.47. The S&P 500 index edged up 0.9 of a point to 1,520.33.U.S. retail sales ticked up 0.1% last month after a 0.5% rise in December. January’s increase was in line with expectations and was the smallest in three months after higher taxes cut into the wages of Americans.“However, given continued job gains through the start of this year, we are assuming that this slowing in sales will prove temporary and that greater strength will emerge going forward,” said RBC assistant chief economist Paul Ferley.Analysts think that trading is taking place amid rising caution as a March 1 deadline looms that would see steep automatic spending cuts take effect to the tune of US$85 billion.“I think there is some reluctance to do much. I think that’s why our market has more or less, the last couple of weeks or so, hasn’t done a darned thing,” said Fred Ketchen, manager of equity trading at Scotia Capital.“It’s teaching everybody to have a little bit more patience than they would like to have.”On Wednesday, Jacob Lew, President Barack Obama’s nominee for Treasury secretary, urged Congress to avoid those cuts, warning they would impose “self-inflicted wounds to the recovery and put far too many jobs and businesses at risk.”Talisman Energy Inc. recorded US$367-million or 37 cents per share in quarterly net income, beating forecasts of 16 cents a share. But the gain was mainly due to disposal of some assets and the company continued to feel the effects of low natural gas prices. Talisman posted revenue of $1.6 billion, which was $300 million less than what was expected. Its shares erased early losses and gained 26 cents to $12.82.Thomson Reuters posted US$497-million of adjusted earnings, or 60 cents per share in the latest quarter, compared with US$445-million or 54 cents per share in the fourth quarter of 2011. Net income attributable to common shareholders was US$372 million, compared with a year-earlier loss of US$2.6 billion. Thomson’s overall revenue, including discontinued operations, fell to $3.4 million from $3.6 billion, a five% decline. The company’s shares fell 70 cents to $30.02 as the company also forecast slow growth and tightening profit margins in 2013, and announced plans to cut 2,500 jobs.Cheese, dairy and bakery company Saputo Inc. had $130 million or 65 cents per share of net income in the latest quarter, a penny short of analyst estimates. Revenue at $1.8 billion also missed estimates by $100 million and its shares fell $1.12 to $49.70.In the U.S., farm and construction equipment maker Deere & Co. says its first-quarter net income jumped 22% to US$649.7 million or $1.65 per share. Revenue rose almost 10% to $7.42 billion. Analysts surveyed by FactSet had been expecting earnings of $1.39 per share on revenue of $6.73 billion and its shares lost $3.29 to $90.68.The information technology sector was the leading decliner, down 3.5% with CGI Group down $1.21 to $27.12 while BlackBerry dropped $1.25 or 8.2% at $14. The stock has lost about 20% since Jan. 24, days before the company unveiled its new BlackBerry 10 product line. However, the stock had rallied almost 200% from its low of $6.10, chalked up late last September.The gold sector fell about 1.65% as April bullion on the Nymex declined $4.50 to US$1,645.90 an ounce, its lowest close since last August. Eldorado Gold shed 35 cents to C$10.68.Consumer and telecom stocks also pressured the TSX.The utilities sector led advancers, up 0.39% as TransAlta (climbed 16 cents to $16.35.The March crude contract on the New York Mercantile Exchange gave up early gains to move down 50 cents to US$97.01 a barrel despite a much less than expected rise in U.S. inventories. The U.S. Energy Department’s Energy Information Administration said supplies rose by 560,000 barrels.A survey of analysts by Platts, the energy information arm of McGraw-Hill Cos., showed crude stocks were expected to have risen by 2.5 million barrels. However, other data released Tuesday had showed inventories declined last week.The energy sector was ahead 0.3% while Canadian Natural Resources gained 25 cents to C$31.80.March copper backed off from early gains and was unchanged at US$3.74 a pound. Still, the base metals sector was up 0.2% and First Quantum Minerals gained 16 cents to C$20.26.Here’s the news investors were watching today:Smart money says it’s time to buy AppleCan the new BlackBerry topple Apple’s iPhone?BCE ranks high in the 17 best stocks for big fat dividendsPrecious metals ruled the fund worldON DECK THURSDAYG20 finance ministers and central bankers meet in Moscow ECONOMIC NEWSBank of Japan announces interest rate decision UNITED STATES8:30 a.m.Weekly jobless claims: Economists expect CORPORATE NEWSCANADABarrick Gold Q4 earnings: Analysts expect $1.06 Goldcorp Q4 earnings: Analysts expect 46¢ CI Financial Q4 earnings: Analysts expect 35¢ Encana Q4 earnings: Analysts expect 31¢ Precision Drilling Q4 earnings: Analysts expect $1.15 Cenovus Energy Q4 earnings: Analysts expect 54¢ Canfor Q4 earnings: Analysts expect 14¢ UNITED STATESPepsiCo Q4 earnings: Analysts expect US$1.05 a share CBS Corp Q4 earnings: Analysts expect 71¢ Molson Coors Brewing Co Q4 earnings: Analysts expect 64¢ Campbell Soup Co Q4 earnings: Analysts expect 66¢ The J.M. Smucker Co Q3 earnings: Analysts expect US$1.39 Apache Corp Q4 earnings: Analysts expect US$2.30

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first_imgCAPE TOWN, South Africa (AP):South Africa showed some fight in the second Test yesterday, with Hashim Amla’s 157 not out helping cut England’s lead to 276 as the home team reached 353-3 at stumps on the third day.Amla, the South Africa captain, eased the pressure on himself and his top-ranked team with his 24th Test century and first since December 2014.He shared partnerships of 183 with A.B. de Villiers (88) and an unbroken 85 with Faf du Plessis. South Africa lost just one wicket for 212 runs on the day.England, after a huge first-innings total of 629-6 declared, were finding it tough to take wickets on a serene batting pitch at Newlands, which has been so good for the batsmen that 982 runs were scored over three days.”Tricky day for us,” England fast bowler Steven Finn said. “One wicket in a day is obviously not ideal for what we wanted from this day … but we’re still a long way ahead in the game.”England also already lead the four-match series 1-0, leaving South Africa effectively batting to stay alive in the contest.”We were behind the eight ball on day one,” Du Plessis said. “England played really well and we needed a really resilient performance to get back in the Test match and that’s what we did.”England’s lone breakthrough came just before tea when De Villiers, looking to push on, mistimed a pull shot off Finn. The ball flew to James Anderson, who knocked it up in the air at midwicket and completed the catch.Frustratingly for England, both Amla and De Villiers should have been out much earlier but for dropped catches. Joe Root put De Villiers down at slip off the bowling of Anderson late on the second day and very early in De Villiers’ knock. In a twist of irony, Anderson dropped Amla off Root’s bowling when the South African skipper was on 76. Amla was dropped again on 120 by Nick Compton.”Obviously we’re disappointed to not take them but no one means to drop catches,” Finn said.De Villiers hit 12 fours and a six, while Amla returned to form with a big century, hitting 21 fours.With South Africa in a slump, Amla’s lack of form and captaincy had come under scrutiny. When he passed 50, it was for the first time since the New Year test in Cape Town a year ago, ending a drought of 11 innings without a meaningful score.last_img

first_img MOVING FORWARD Jamaica College (JC) captain Allando Brown warned his counterpart Shevon Stewart and the entire St George’s College (STGC) team to expect a different outcome the next time they meet, after STGC’s 4-0 hammering of his JC unit in Saturday’s ISSA/Flow Super Cup final. Both schools have dominated local schoolboy football for the better part of the last decade, but you wouldn’t have been able to tell after STGC ambushed the former champions inside a packed National Stadium. While STGC looks forward to the Walker Cup final against Wolmer’s Boys, JC, which ended last season with three titles under their belts, will now put all their efforts into successfully defending the Manning Cup, and according to Brown, if they meet STGC along the way, the outcome will be different. FANTASTIC WIN “It’s always about guts. I came out here and did my best. Maybe it’s not as good enough, it’s still my best, I gave my hundred, maybe a 110 per cent. Expect more from Jamaica College going into the Manning Cup finals; we just have to use this loss as a stepping stone,” Brown said. “We lost one of our main trophies, but we still have the biggest one of all, the Manning Cup, so we are going out there and trying to defend our title,” Brown added. In the fast approaching Manning Cup semis JC is expected to meet first-time semi-finalist Denham Town, while St George’s College should play Jonathan Grant. Stewart, however, underlined that his STGC team is determined to grab all four titles this season – the Manning Cup, Walker Cup and Olivier Shield to add to their shiny new Super Cup crown. “It’s a very fantastic feeling to win like this knowing I missed two games and I came back in this one to play a very important role. It’s a very magnificent feeling right now. I have been waiting for this for a very long time. We see ourselves in all the finals this year, we are here now and we delivered,” said Stewart. He assisted Alex Marshall’s first goal and was their midfield engine before being substituted in the second half. “I want to win everything in my final year. We have always been a confident team, and coming out here and beating JC 4-0 is a great feeling, and we just have to go back in training knowing that we have three other Cups we can win,” he added.last_img

first_imgDHAKA, Bangladesh (AP):Captain Mashrafe Mortaza inspired Bangladesh to a 34-run victory against England in the second one-day international yesterday.Mortaza hit a 29-ball 44 as Bangladesh accelerated to 238-8 in testing conditions and then claimed 4-29 to bowl out England for 204 in 44.4 overs.The three-match series is level at 1-1.Mahmudullah set the platform for Mashrafe with a superb 75.Jos Buttler scored a run-a-ball 57 for England, while Jonny Bairstow made 35. Adil Rashid (33 not out) refused to give up, adding two significant partnerships after his team was reduced to 132-8.Bangladesh held its nerve as Mortaza fittingly sealed the deal with the wicket of last man Jake Ball.Fast-bowler Taskin Ahmed took 3-47.England found itself vulnerable on a pitch that was slower than the one used in the first match.Mortaza admirably moved the ball both ways to spark the top-order collapse. He made the initial breakthrough with the wicket of James Vince (5).Left-arm spinner Shakib Al Hasan, who opened the bowling, dismissed Ben Duckett through the gate for a duck. Mortaza then struck twice, dismissing Jason Roy (13) and Ben Stokes (0).England was reduced to 26-4, but Buttler and Bairstow combined for a 79-run partnership. It came to an end after Bairstow’s expansive drive against Ahmed cost his wicket.But the biggest blow for England came when Ahmed won a video review to remove Buttler, who tried to flick a length ball. Buttler appeared angered by something that had been said to him and was slow to leave the pitch.At 132-8, victory looked unlikely despite more than 20 overs still to be bowled. Rashid gave England fresh hope, adding 27 with David Willey (9) before sharing 45 runs off 37 balls with Jake Ball (28 off 22).Mortaza broke the resistance to help his side stay alive in the series.Earlier, Mahmudullah held together the innings after England captain Buttler opted to bowl first.Mortaza’s late surge helped give the Bangladesh bowlers something to defend.Mortaza added 69 runs off eight overs with Nasir Hossain after Bangladesh found itself on 169-7.SHORT BALLSFast-bowler Chris Woakes had used short balls to good effect to remove the two openers -Tamim Iqbal (14) and Imrul Kayes (11).Ball dismissed Sabbir Rahman (3) to leave Bangladesh 39-3 before Mahmudullah and Mushfiqur Rahim combined for a 50-run partnership.Rahim played an injudicious pull off Ball to throw away his wicket, leaving Mahmudullah to dig in deep.Mahmudullah hit six fours in his 88-ball knock before giving away his wicket while trying to paddle-sweep against leg-spinner Rashid.Mortaza smashed a six on only the second ball he faced. He hit two fours and three sixes before being run out on the penultimate ball.Mosaddek Hossain contributed 29, while Nasir Hossain was 27 not out.Fast bowlers Woakes and Ball, and leg-spinner Rashid, claimed two wickets apiece.ScoreboardBangladesh InningsTamim Iqbal c Ali Woakes 14Imrul Kayes c Willey b Woakes 11Sabbir Rahman b Ball 3Mahmudullah lbw b Rashid 75Mushfiqur Rahim c Ali b Ball 21Shakib Al Hasan c Buttler b Stokes 3Mosaddek Hossain c Ali b Rashid 29Nasir Hossain not out 27Mashrafe Mortaza run out 44Shafiul Islam not out 0Extras: (4lb, 6w,1nb) 11TOTAL: (For 8 wickets) 238Overs: 50Fall of wickets: 1-25, 2-26, 3-39, 4-89, 5-113, 6-161, 7-169, 8-238.Bowling: Chris Woakes 9-0-40-2, David Willey 8-1-36-0 (3w), Adil Rashid 10-0-53-2 (2w), Jake Ball 8-0-44-2 (1w), Ben Stokes 6-1-22-1 (1nb) , Moeen Ali 9-0-39-0.England InningsJason Roy lbw b Mortaza 13James Vince c M Hossai b Mortaza 5Ben Duckett b Al Hasan 0Jonny Bairstow c Rahim b Ahmed 35Ben Stokes b Mortaza 0Jos Buttler lbw b Ahmed 57Moeen Ali c Al Hasan b N Hossain 4Chris Woakes c Rahim b Ahmed 7Adil Rashid not out 33David Willey lbw b M Hossain 9Jake Ball c N Hossain b Mortaza 28Extras: (7lb, 6w) 13TOTAL: (all out) 204Overs: 44.4Fall of wickets: 1-12, 2-14, 3-24, 4-26, 5-105, 6-120, 7-123, 8-130, 9-159, 10-204.Bowling: Shakib Al Hasan 9-0-50-1 (1w), Mashrafe Mortaza 8.4-0-29-4 (1w), Shafiul Islam 8-0-37-0 (1w), Taskin Ahmed 8-0-47-3 (3w), Nasir Hossain 10-1-29-1, Mosaddek Hossain 1-0-5-1.Toss: won by England.last_img

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