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Dominion Lending Centres Clearlease Reports Stocks have moved mostly higher in morning trading on Wednesday, with the markets extending a recent upward move on the heels of upbeat employment data

Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com Reports Stocks have moved mostly higher in morning trading on Wednesday, with the markets extending a recent upward move on the heels of upbeat employment data. Buying interest has remained relatively subdued, however, with lingering geopolitical concerns limiting the upside.

The major averages are currently posting moderate gains, off their highs for the session. The Dow is up 54.95 points or 0.5 percent at 12,333.96, the Nasdaq is up 10.13 points or 0.4 percent at 2,767.02 and the S&P 500 is up 5.71 points or 0.4 percent at 1,325.15.

The strength in the markets is partly due to the release of a report from payroll processor Automatic Data Processing (ADP) showing another significant increase in private sector employment in March.

The report showed that private sector employment rose by 201,000 jobs in March following a downwardly revised increase of 208,000 jobs in February. Economists had expected an increase of about 208,000 jobs compared to the addition of 217,000 jobs originally reported for the previous month.

Peter Boockvar, equity strategist at Miller Tabak, said, “While slightly below estimates, the pace of job gains is good and certainly encouraging to see.”

“But we still have years to go to get back what was lost in the recession if this current pace persists,” Boockvar added.

The Labor Department’s more closely watched monthly employment report, which includes both private and public sector jobs, is due to be released on Friday. While payroll employment is expected to show continued growth, the unemployment rate is expected to remain unchanged at 8.9 percent.

Additional news on the merger-and-acquisition front has also generated some positive sentiment, with shares of Cephalon (CEPH) up by 28.1 percent on news that Valeant Pharmaceuticals (VRX) has made a hostile takeover offer for the biopharmaceutical company.

Valeant has offered to acquire Cephalon for $73 per share in cash, representing a total value of approximately $5.7 billion. The offer represents a 24 percent premium to Cephalon’s closing price on Tuesday and a 29 percent premium over its 30-day trading average.

Meanwhile, shares of Sealy (ZZ) have come under pressure after the mattress maker reported a first quarter net loss compared to a year-ago profit. The company also reported a decrease in net sales.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

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The strength in the markets is partly due to the release of a report from payroll processor Automatic Data Processing (ADP) showing another significant increase in private sector employment in March.

Peter Boockvar, equity strategist at Miller Tabak, said, “While slightly below estimates, the pace of job gains is good and certainly encouraging to see.”

“But we still have years to go to get back what was lost in the recession if this current pace persists,” Boockvar added.

Meanwhile, shares of Sealy (ZZ) have come under pressure after the mattress maker reported a first quarter net loss compared to a year-ago profit. The company also reported a decrease in net sales.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

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Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com Reports Stocks have moved mostly higher in morning trading on Wednesday, with the markets extending a recent upward move on the heels of upbeat employment data. Buying interest has remained relatively subdued, however, with lingering geopolitical concerns limiting the upside.

The strength in the markets is partly due to the release of a report from payroll processor Automatic Data Processing (ADP) showing another significant increase in private sector employment in March.

Peter Boockvar, equity strategist at Miller Tabak, said, “While slightly below estimates, the pace of job gains is good and certainly encouraging to see.”

“But we still have years to go to get back what was lost in the recession if this current pace persists,” Boockvar added.

Meanwhile, shares of Sealy (ZZ) have come under pressure after the mattress maker reported a first quarter net loss compared to a year-ago profit. The company also reported a decrease in net sales.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

Dominion Lending Centres Clearlease Reports Shareholders of MI Developments Inc. (TSX:MIM.A) have overwhelmingly approved a proposal to eliminate the company’s dual class share structure

Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Shareholders of MI Developments Inc. (TSX:MIM.A) have overwhelmingly approved a proposal to eliminate the company’s dual class share structure that gave the Stronach family control of the real estate operating company.

MI announced Tuesday that the reorganization arrangement was approved by more than 98 per cent of votes cast by holders of MID’s class A subordinate voting shares and class B shares.

MI said 86.3 per cent of the votes cast by minority holders of its class A subordinate voting shares and almost 99.9 per cent of the votes cast by minority holders of its class B shares were also in favour of the transaction.

Voting was conducted Tuesday at the company’s annual general and special meeting of shareholders.

Implementation of the arrangement is still subject to approval by the Ontario Superior Court of Justice following a fairness hearing scheduled for March 31 and certain other conditions, the company said in a release.

Magna founder Frank Stronach and other top shareholders of MI Developments agreed in late January to support a plan that would transfer MI’s horse racing tracks and associated real estate and gaming business to the Stronach family along with $20 million.

In return, the family agreed to give up control of MI through their multiple-vote class B shares.

Stronach will also retain some rights to some of MI’s land, including right of first refusal for Magna’s head office in Aurora, Ont..

The deal, expected to close by the end of June, is another step in Stronach’s decision to relinquish control of the Magna International (TSX:MG) global auto parts company that he founded.

MI Developments was spun off from Magna International, which Stronach also controlled through his multiple-vote shares until last year when its dual-class structure was eliminated.

MID is engaged primarily in the development, ownership and management of a predominantly industrial rental portfolio leased primarily to Magna International Inc. and its automotive operating units in North America and Europe.

Additionally it owns the thoroughbred racing tracks Santa Anita Park, Golden Gate Fields, Gulfstream Park, including an interest in The Village at Gulfstream Park, and an interest in joint ventures in The Maryland Jockey Club. It is also a supplier via simulcasting of live horseracing content to the inter-track, off-track and account wagering markets.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

MI announced Tuesday that the reorganization arrangement was approved by more than 98 per cent of votes cast by holders of MID’s class A subordinate voting shares and class B shares.

Voting was conducted Tuesday at the company’s annual general and special meeting of shareholders.

In return, the family agreed to give up control of MI through their multiple-vote class B shares.

Stronach will also retain some rights to some of MI’s land, including right of first refusal for Magna’s head office in Aurora, Ont..

The deal, expected to close by the end of June, is another step in Stronach’s decision to relinquish control of the Magna International (TSX:MG) global auto parts company that he founded.

MI Developments was spun off from Magna International, which Stronach also controlled through his multiple-vote shares until last year when its dual-class structure was eliminated.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###
Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Shareholders of MI Developments Inc. (TSX:MIM.A) have overwhelmingly approved a proposal to eliminate the company’s dual class share structure that gave the Stronach family control of the real estate operating company.

MI announced Tuesday that the reorganization arrangement was approved by more than 98 per cent of votes cast by holders of MID’s class A subordinate voting shares and class B shares.

Voting was conducted Tuesday at the company’s annual general and special meeting of shareholders.

In return, the family agreed to give up control of MI through their multiple-vote class B shares.

Stronach will also retain some rights to some of MI’s land, including right of first refusal for Magna’s head office in Aurora, Ont..

The deal, expected to close by the end of June, is another step in Stronach’s decision to relinquish control of the Magna International (TSX:MG) global auto parts company that he founded.

MI Developments was spun off from Magna International, which Stronach also controlled through his multiple-vote shares until last year when its dual-class structure was eliminated.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

Dominion Lending Centres Clearlease Reports Royal Gold, Inc. (NASDAQ: RGLD) (TSX: RGL) announced that management will present at John Tumazos Very Independent Research, LLC Mining Conference in New York.

Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Royal Gold, Inc. (NASDAQ: RGLD) (TSX: RGL) announced today management will present at John Tumazos Very Independent Research, LLC Mining Conference in New York. Tony Jensen, President and Chief Executive Officer, will address conference participants on Wednesday, March 30, 2011, at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time) in a presentation lasting approximately 40 minutes. The presentation will be webcast and can be accessed through the Company’s website under the Investor Relations/Presentations Section.

Royal Gold is a precious metals royalty company engaged in the acquisition and management of precious metal royalties and similar interests. The Company’s portfolio consists of 187 properties on six continents, including interests on 33 producing mines and 26 development stage projects. Royal Gold is publicly traded on the NASDAQ Global Select Market under the symbol “RGLD,” and on the Toronto Stock Exchange under the symbol “RGL.” The Company’s website is located at www.royalgold.com.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###
Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Royal Gold, Inc. (NASDAQ: RGLD) (TSX: RGL) announced today management will present at John Tumazos Very Independent Research, LLC Mining Conference in New York. Tony Jensen, President and Chief Executive Officer, will address conference participants on Wednesday, March 30, 2011, at 3:00 p.m. Mountain Time (5:00 p.m. Eastern Time) in a presentation lasting approximately 40 minutes. The presentation will be webcast and can be accessed through the Company’s website under the Investor Relations/Presentations Section.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

Dominion Lending Centres Clearlease Reports Toronto stock market registered a solid advance Wednesday as investors brushed aside unrest in the Middle East and a nuclear crisis in Japan

Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports The Toronto stock market registered a solid advance Wednesday as investors brushed aside unrest in the Middle East and a nuclear crisis in Japan and concentrate on strong economic fundamentals and major news on the merger and acquisition front.

The S&P/TSX composite index ran up 144.67 points to 14,075.02 while the TSX Venture Exchange climbed 12.07 points to 2,289.94.

The Canadian dollar was up sharply against the greenback despite falling oil prices, up 0.38 of a US cent to 102.98 cents US.

The health sector led advancers as Canada’s largest publicly traded drug company made a hostile US$5.7-billion cash bid for Pennsylvania-based biopharmaceutical company Cephalon Inc. (Nasdaq:CEPH). Valeant Pharmaceuticals International of Mississauga, Ont. (TSX:VRX) is offering US$73 per share cash to Cephalon’s shareholders.

The Canadian company, formerly called Biovail until last year, says it’s making the hostile bid after being rebuffed several times by Cephalon’s board and management. Valeant shares moved up $3.68 or 8.1 per cent to $46.98 while Cephalon shares surged 27.66 per cent to US$75.01.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

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###

The S&P/TSX composite index ran up 144.67 points to 14,075.02 while the TSX Venture Exchange climbed 12.07 points to 2,289.94.

The Canadian dollar was up sharply against the greenback despite falling oil prices, up 0.38 of a US cent to 102.98 cents US.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

###
Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports The Toronto stock market registered a solid advance Wednesday as investors brushed aside unrest in the Middle East and a nuclear crisis in Japan and concentrate on strong economic fundamentals and major news on the merger and acquisition front.

The S&P/TSX composite index ran up 144.67 points to 14,075.02 while the TSX Venture Exchange climbed 12.07 points to 2,289.94.

The Canadian dollar was up sharply against the greenback despite falling oil prices, up 0.38 of a US cent to 102.98 cents US.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

Dominion Lending Centres Clearlease Reports Bank Of Montreal (NYSE: BMO) will hire 150 small-business banking specialists

Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Bank of Montreal will hire 150 small-business banking specialists as it tries to increase revenue in what is expected to be a sluggish period for personal loan growth.

Canada’s No. 4 bank said on Wednesday the new hires would focus on the needs of small businesses, defined as companies with sales of up to C$5 million ($5.2 million).

“We expect a commercial-led economic recovery and believe we are well positioned to be the bank for small business,” Frank Techar, BMO’s head of personal and commercial banking, said in a statement.

The bank said it has already hired 60 specialists in British Columbia, and plans to add 90 more in Alberta, Ontario, Quebec, and the Atlantic provinces.

Analysts and bank officials have said that retail banking growth will be driven by business lending this year as personal loan growth slows due to high debt loads and the fear of rising interest rates.

($1=$0.97 Canadian)

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

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###

Canada’s No. 4 bank said on Wednesday the new hires would focus on the needs of small businesses, defined as companies with sales of up to C$5 million ($5.2 million).

The bank said it has already hired 60 specialists in British Columbia, and plans to add 90 more in Alberta, Ontario, Quebec, and the Atlantic provinces.

($1=$0.97 Canadian)

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

###
Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Bank of Montreal will hire 150 small-business banking specialists as it tries to increase revenue in what is expected to be a sluggish period for personal loan growth.

Canada’s No. 4 bank said on Wednesday the new hires would focus on the needs of small businesses, defined as companies with sales of up to C$5 million ($5.2 million).

The bank said it has already hired 60 specialists in British Columbia, and plans to add 90 more in Alberta, Ontario, Quebec, and the Atlantic provinces.

($1=$0.97 Canadian)

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

Dominion Lending Centres Clearlease Reports shares soars on Valeant (TSX:VRX) bid for Cephalon (Nasdaq:CEPH)

Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Valeant Pharmaceuticals International (TSX:VRX) sees shares skyrocket after $5.7-million bid

Cephalon (Nasdaq:CEPH) shares jumped 28 per cent Wednesday morning in their first trading since Valeant (TSX:VRX) made its US$73 per share offer after markets closed on Tuesday. The hostile bid followed several attempts to negotiate a friendly deal.

Cephalon stock rose above Valeant’s bid to $75.22, suggesting that some investors believe the company is worth more.

“If Cephalon’s board and management team provides us with the opportunity to do some due diligence, we would be open to sharing a piece of the upside with Cephalon shareholders and give a bump to our offer,” Valeant chairman and chief executive Michael Pearson said on a conference call to discuss the takeover plans.

“We have also made it clear that we will remain disciplined on any final offer price and we will not pursue this transaction at any cost.”

Valeant said it plans to borrow all of the money required to make the cash offer for Cephalon, and said New York investment firm Goldman Sachs & Co. has provided a highly confident letter for the full amount. The Canadian company, which was known as Biovail until a rebranding last year, says it’s making the hostile bid after being rebuffed several times by Cephalon’s board and management.

Valeant shares gained 11 per cent or $4.92 to $48.22 on the Toronto Stock Exchange.

However, it faces several hurdles as it attempts to convince shareholders that the deal is compelling, including a defensive strategy invoked by Cephalon’s board that would not allow stockholders to accept an offer without the board’s approval.

Pearson said Valeant is undergoing a process next week in an effort to solicit shareholder support to replace Cephalon’s current board of directors with its own nominees. But he added that it was never Valeant’s intention to go public with the offer and preferred to negotiate a more direct private offer.

“We decided to take the step of appealing directly to shareholders due to the lack of urgency on the part of the board of directors and their decision to continue to spend a fair amount of money, about $400 million in the last week or so in what we view as high-risk investments,” Pearson said.

The bid comes one day after Cephalon announced a friendly offer to buy ChemGenex of Australia.

Pearson was a major player in last year’s merger between Biovail and Valeant, based in Aliso Viejo, Calif. He had been chairman and CEO of Valeant and now heads the combined company, which retained Biovail’s corporate headquarters in Mississauga, Ont.

Cephalon researches and develops drugs to treat central nervous system disorders, pain, cancers and inflammatory disease. Valeant is increasingly focusing on neurology and dermatology drugs.

Cephalon, headquartered in Frazer, Pa., issued a statement late Tuesday saying Valeant had proposed on March 18 to buy the whole company for US$73 per share and on March 25 it offered to buy the whole company for the same amount or its non-oncology assets for $2.8 billion.

“Upon the receipt of each of Valeant’s proposals, Cephalon acted expeditiously to commence an analysis of both alternatives presented by Valeant,” Cephalon said.

“In addition, the company advised Valeant that its board of directors would be meeting to consider the proposals and planned to respond to Valeant during the week of April 4.”

Cephalon said its directors are “very aware” of their responsibility to shareholders and intend to consider the unsolicited proposal from Valeant with a view to maximize shareholder value. It said shareholders they don’t need to take any action at this time in response the Valeant offer.