(Reuters) - Cenovus Energy Inc , Canada's No. 2 independent oil producer, said on Wednesday its second-quarter profit more than tripled, helped by a surge in production at its oil sands projects in northern Alberta. The company operates two oil sands projects, Foster Creek and Christina Lake, as joint ventures with ConocoPhillips , and is developing a third project called Narrows Lake. Christina Lake's production jumped 77 percent from the second quarter of 2013 to average nearly 68,000 barrels per day (bpd) as Cenovus ramped up phase E of the project and completed a partial turnaround with minimal impact. Foster Creek output rose 3 percent from a year earlier to average almost 57,000 bpd.
(Reuters) - The surge in Twitter Inc's shares has revived debate about whether the stock warrants a valuation that is five times that of Facebook Inc , its biggest rival in social media. Twitter reported on Tuesday that its active users jumped 24 percent to 271 million in the second quarter. If Facebook was trading at Twitter's valuation, it would be worth nearly $1 trillion.
Some members of the Blood Tribe in southwestern Alberta want their houses movedÂ so they won't have to cleanup from yet another flood. Moving houses to higher ground could be one solution in preventing future damage on the reserve, some tribe members say. "It seems every two, three years we get flooded down here, it's not the first time and it won't be the last time," said Â Kim Black Water, who lives near the Belly River.
British officials held a crisis meeting Wednesday and warned of a potentially serious threat if the deadly Ebola virus spreads further. Foreign Secretary Philip Hammond said there are no known cases in Britain, but that the incurable disease is viewed by the government as a possibly serious danger. After chairing the government's crisis session, he said it is "most unlikely" the disease would spread in Britain. He said Britain had "frankly different" infection control systems compared to the countries where the virus has spread.
Rats are on the rampage in the elegant garden of the Louvre Museum, so bold they romp on the grass in broad daylight, defying death threats from sanitation workers and scaring tourists. The hot weather in Paris has brought many picnicking visitors to the garden, whose garbage is a feast for the rats. The vermin are finding a lifeline from "people who don't want us to kill animals," said Jean-Claude Ndzana Ekani, a museum employee who was working Tuesday with technicians from an extermination company, The Louvre, which owns the garden, has been trying to combat the rat problem for months but clearly hasn't succeeded.
News and information company Thomson Reuters Corp on Wednesday reported a higher-than-expected quarterly profit on a 1 percent rise in revenue, boosted by growth in its Tax & Accounting and Legal divisions. Shares of Thomson Reuters rose more than 3 percent in Wednesday morning trading. Still, market challenges remain, especially in Europe, as key customers at financial institutions and law firms reduce costs and trim staff. "It was another quarter of steady progress, but it's still a challenging environment," Chief Executive Officer Jim Smith said in an interview.
"I think itâ€™s super inspiring," says Christine Nelson from the Bob Rumball Centre for the Deaf. Owner Anjan Manikumar says he got the inspiration for Signs while working in a Markham restaurant as a server. Signs offers customers a chance to learn basic sign language through helpful graphics incorporated in the menu, cheat-sheets placed on tables and wall mounted photographs illustrating signs for common words needed in a restaurant like the names of alcoholic drinks.