USA and Canada

Agnico-Eagle has reported record quarterly revenue, net income and gold production in its second quarter 2010 results, thanks to higher prices for gold, zinc, silver and copper and the impact of four new gold mines commencing operations in the past 14 months.

Record quarterly net income of $100.4 million, or $0.64 per share, includes a non-cash foreign currency translation gain of $17.4 million, as well as a one-time tax recovery of $21.2 million. The result also includes non-cash stock-based compensation expense of $8.1 million.

Motorists who buy a hybrid vehicle in the belief that it will save them money are mistaken, according to research carried out by the British Columbia Automobile Association (BCAA).

Twelve years after Honda introduced the first gas-electric hybrid vehicle into the mass North American market, car buyers have yet to see the kinds of price reductions that were predicted to occur as hybrids gained popularity and market share, according to the BCAA’s annual Hybrid Cost and Savings analysis conducted in July.

Harry Winston Diamond Corporation has said it will purchase a nine percent interest in Canada’s Diavik diamond mine from Kinross Gold Corporation for approximately US$220 million.

Kinross acquired the Diavik diamond mine from Toronto-based Harry Winston in March 2009 for $150 million. At the time, the company said: "We've followed the diamond industry in Canada for some time and felt this was a good time to make an investment in both Harry Winston and the partnership."

Reporting its second quarter 2010 results today, Ford Motor Company announced the company’s best quarterly performance since the first quarter of 2004, with each of its major business operations around the world recording improved profits.

The company posted net income of $2.6 billion (61 cents per share), an improvement of $338 million over the second quarter of 2009.

Johnson Controls, a global technology and industrial leader, has reported a 22 percent increase in revenues for the third quarter of fiscal 2010, with higher sales in each of its three business segments.

Net income in the quarter ended June 30 rose to $418 million (61 cents per share), up from $163 million (26 cents per share), in the same period last year. Revenue rose 22 percent to $8.54 billion. The company also said earnings for fiscal 2010 are expected to be at the high end of its previously disclosed guidance.

For an unprecedented third year in a row, Lockheed Martin was named Top-Performing Company in the "Revenues Greater than $20 Billion" category by AVIATION WEEK.

Companies were rated in several categories that relate to operational excellence in program management, budget and schedule discipline, risk management, fair-price acquisitions, scale and common process, supplier innovation and operational excellence.

Apple has announced record revenue of $15.7 billion and net quarterly profit of $3.25 billion for the third quarter ended 26 June 2010. International sales accounted for 52 percent of the quarter’s revenue. In the same quarter last year revenue amounted to $9.73 billion and net quarterly profit was $1.83 billion.

Oil field services provider Halliburton reported an 83 percent rise in profits for the second quarter, despite the disastrous oil spill in the Gulf of Mexico.

Thanks to an increase in land-based drilling activity in North America and improved business abroad, net income came in at $480 million (53 cents a share) for the three months April through June, compared with $262 million (29 cents a share) in the same quarter last year. The results beat analysts' expectations by about 15 cents.

Boeing’s 787 Dreamliner landed at Farnborough in the UK Sunday for its first appearance at an international air show. “This is the first time we've had a new airplane at an air show since the early 1990s," said Jim Albaugh, head of Boeing Commercial Airplanes.

The 787 Dreamliner is considered a revolutionary new aircraft, as it is largely built from light-weight composite material. It is now two years behind schedule, however, after delays caused by a series of hitches, and rival Airbus has been catching up with its new model, the A 350.