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Mining equipment giant Finning reports a $309 million loss and warns of more layoffs

Mining equipment giant Finning reports a $309 million loss and warns of more layoffs

Revenues declined 26% in Canada, led by a 46% drop in new equipment sales. The company was awarded a contract to supply CRNL with 12 used 797F Caterpillar heavy haulers late last year. Finning has already cut its global workforce by 13% in 2015 and expects to destaff another 400 to 500 employees in 2016. The Vancouver-based company closed 40 facilities in Canada in 2015.

Marathon oil reports a US$323 million net loss for the fourth quarter

Marathon oil reports a US$323 million net loss for the fourth quarter

Devon Energy declares net loss of US$4.5b in Q4 2015

Devon Energy declares net loss of US$4.5b in Q4 2015

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