Dominion Lending Centres Clearlease Reports Stocks are showing modest gains early in Monday’s trading on Wall Street
VANCOUVER, BC (June 13, 2011) Dominion Lending Centres Clearlease Reports Stocks are showing modest gains early in trading on Wall Street Monday June 13, 2011, as some light bargain hunting has allowed the market to bounce back from recent losses. The stabilization follows a sharp drop last Friday, which took the market to its lowest level since mid-March.
The Dow Jones Industrial Average is up 49.27 points, or 0.4 percent, climbing to 12,001.18. On Friday, the Dow closed below 12,000 for the first time since March 18. The Nasdaq is up 12.71 points, or 0.5 percent, to 2,656.44 and the S&P 500 is higher by 5.32 points, or 0.4 percent, to 1,276.30.
A batch of merger deals helped restore some confidence going into the session, after weak economic data stirred pessimism last week.
VF Corp. (VFC), the owner of the North Face brand of outdoor apparel, announced that it has reached a deal to buy hiking boot maker Timberland (TBL). The purchase is valued at $43 a share, or a total enterprise value of $2 billion net of cash acquired.
Timberland has jumped $12.74 to trade at $42.73. Unusual for the purchasing company in a merger deal, shares of VF Corp. are also higher. The stock is up $11.41 to $103.21.
Meanwhile, Wendy’s/Arby’s Group (WEN) has agreed to sell most of its Arby’s fast-food chain to a private equity firm. Roark Capital Group will pay $130 million in the deal, and Wendy’s/Arby’s will retain an 18.5 percent ownership in the chain. Shares of Wendy’s/Arby’s are up 24 cents to $4.76.
Airline stocks are also showing notable gains in early trading. This as a decline in oil prices offers relief for the sector, which is highly leveraged to fuel prices.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
VANCOUVER, BC (June 13, 2011) Dominion Lending Centres Clearlease Reports Stocks are showing modest gains early in trading on Wall Street Monday June 13, 2011, as some light bargain hunting has allowed the market to bounce back from recent losses. The stabilization follows a sharp drop last Friday, which took the market to its lowest level since mid-March.
The Dow Jones Industrial Average is up 49.27 points, or 0.4 percent, climbing to 12,001.18. On Friday, the Dow closed below 12,000 for the first time since March 18. The Nasdaq is up 12.71 points, or 0.5 percent, to 2,656.44 and the S&P 500 is higher by 5.32 points, or 0.4 percent, to 1,276.30.
A batch of merger deals helped restore some confidence going into the session, after weak economic data stirred pessimism last week.
VF Corp. (VFC), the owner of the North Face brand of outdoor apparel, announced that it has reached a deal to buy hiking boot maker Timberland (TBL). The purchase is valued at $43 a share, or a total enterprise value of $2 billion net of cash acquired.
Timberland has jumped $12.74 to trade at $42.73. Unusual for the purchasing company in a merger deal, shares of VF Corp. are also higher. The stock is up $11.41 to $103.21.
Meanwhile, Wendy’s/Arby’s Group (WEN) has agreed to sell most of its Arby’s fast-food chain to a private equity firm. Roark Capital Group will pay $130 million in the deal, and Wendy’s/Arby’s will retain an 18.5 percent ownership in the chain. Shares of Wendy’s/Arby’s are up 24 cents to $4.76.
Airline stocks are also showing notable gains in early trading. This as a decline in oil prices offers relief for the sector, which is highly leveraged to fuel prices.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports Stocks are showing modest gains early in Monday’s trading on Wall Street
VANCOUVER, BC (June 13, 2011) Dominion Lending Centres Clearlease Reports Stocks are showing modest gains early in trading on Wall Street Monday June 13, 2011, as some light bargain hunting has allowed the market to bounce back from recent losses. The stabilization follows a sharp drop last Friday, which took the market to its lowest level since mid-March.
The Dow Jones Industrial Average is up 49.27 points, or 0.4 percent, climbing to 12,001.18. On Friday, the Dow closed below 12,000 for the first time since March 18. The Nasdaq is up 12.71 points, or 0.5 percent, to 2,656.44 and the S&P 500 is higher by 5.32 points, or 0.4 percent, to 1,276.30.
A batch of merger deals helped restore some confidence going into the session, after weak economic data stirred pessimism last week.
VF Corp. (VFC), the owner of the North Face brand of outdoor apparel, announced that it has reached a deal to buy hiking boot maker Timberland (TBL). The purchase is valued at $43 a share, or a total enterprise value of $2 billion net of cash acquired.
Timberland has jumped $12.74 to trade at $42.73. Unusual for the purchasing company in a merger deal, shares of VF Corp. are also higher. The stock is up $11.41 to $103.21.
Meanwhile, Wendy’s/Arby’s Group (WEN) has agreed to sell most of its Arby’s fast-food chain to a private equity firm. Roark Capital Group will pay $130 million in the deal, and Wendy’s/Arby’s will retain an 18.5 percent ownership in the chain. Shares of Wendy’s/Arby’s are up 24 cents to $4.76.
Airline stocks are also showing notable gains in early trading. This as a decline in oil prices offers relief for the sector, which is highly leveraged to fuel prices.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports Vector Aerospace (TSX:RNO) posts Q1 earnings of $6.1M, down from $9.9M in 2010
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports First-quarter profits at Vector Aerospace Corp. (TSX:RNO) have dipped by more than a third, the aircraft maintenance provider said Friday June 10, 2011.
Toronto-based Vector posted net earnings for the three months ended March 31 of $6.1 million or 13 cents per diluted share, compared with $9.9 million or 21 cents per diluted share in the same 2010 quarter.
Revenue was $127.3 million, almost unchanged from $127.4 million in the prior-year period.
“First-quarter revenue and earnings were negatively impacted by declining activity on Lynx airframes in the U.K., $2.5 million of costs associated with the sale process and the impacts of changes in foreign exchange rates, the company said in a news release.
Through facilities in Canada, the United States, the United Kingdom and Africa, Vector provides repair and overhaul services to commercial and military customers for various types of gas turbine engines, components and helicopter airframes.
On the Toronto Stock Exchange, shares in Vector were down four cents at $12.86 in early afternoon trading on Friday.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports First-quarter profits at Vector Aerospace Corp. (TSX:RNO) have dipped by more than a third, the aircraft maintenance provider said Friday June 10, 2011.
Toronto-based Vector posted net earnings for the three months ended March 31 of $6.1 million or 13 cents per diluted share, compared with $9.9 million or 21 cents per diluted share in the same 2010 quarter.
Revenue was $127.3 million, almost unchanged from $127.4 million in the prior-year period.
“First-quarter revenue and earnings were negatively impacted by declining activity on Lynx airframes in the U.K., $2.5 million of costs associated with the sale process and the impacts of changes in foreign exchange rates, the company said in a news release.
Through facilities in Canada, the United States, the United Kingdom and Africa, Vector provides repair and overhaul services to commercial and military customers for various types of gas turbine engines, components and helicopter airframes.
On the Toronto Stock Exchange, shares in Vector were down four cents at $12.86 in early afternoon trading on Friday.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports Vector Aerospace (TSX:RNO) posts Q1 earnings of $6.1M, down from $9.9M in 2010
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports First-quarter profits at Vector Aerospace Corp. (TSX:RNO) have dipped by more than a third, the aircraft maintenance provider said Friday June 10, 2011.
Toronto-based Vector posted net earnings for the three months ended March 31 of $6.1 million or 13 cents per diluted share, compared with $9.9 million or 21 cents per diluted share in the same 2010 quarter.
Revenue was $127.3 million, almost unchanged from $127.4 million in the prior-year period.
“First-quarter revenue and earnings were negatively impacted by declining activity on Lynx airframes in the U.K., $2.5 million of costs associated with the sale process and the impacts of changes in foreign exchange rates, the company said in a news release.
Through facilities in Canada, the United States, the United Kingdom and Africa, Vector provides repair and overhaul services to commercial and military customers for various types of gas turbine engines, components and helicopter airframes.
On the Toronto Stock Exchange, shares in Vector were down four cents at $12.86 in early afternoon trading on Friday.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports No kidding this time: Luongo starting Game 5 Vancouver Canucks vs. Boston Bruins
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Alain Vigneault said Thursday that he would start goaltender Roberto Luongo(notes) against the Boston Bruins on Friday night in Game 5 of the Stanley Cup Final.
“You can bet on that,” he said.
Of course, Vigneault said he would start Luongo against the Chicago Blackhawks in Game 6 of their first-round series, and he didn’t do it. He benched Luongo and gave Cory Schneider(notes) a surprise start under circumstances that seemed, at least on the surface, very similar to the ones the Canucks face now.
The Canucks had been outscored over two games then, 12-2; they have been outscored over two games now, 12-1. Vigneault had pulled Luongo in back-to-back games against the ‘Hawks; he pulled him last game against the Bruins and could have – should have – pulled him the game before that.
But this is different. Vigneault said Thursday the Chicago series was a “special situation.” The Canucks had lost to the Blackhawks in back-to-back playoffs, and they were in danger of blowing a 3-0 series lead. He said he felt that they “needed to change the momentum a little bit.”
“My gut at that time told me that putting Schneids in was the thing to do,” Vigneault said. “There is one thing [now]: Roberto is the guy, he’s my guy and he’s playing. It’s that simple.”
Well, there is a little more to it than that.
Benching Luongo last time was a big mistake. Vigneault sat a guy who is a finalist for the Vezina Trophy as the NHL’s best goaltender in the regular season – a guy with a mega-million-dollar contract that runs through 2021-22 – in favor of a promising but inexperienced backup. He risked damaging Luongo’s confidence, and he legitimized questions about the team’s confidence in him.
The move didn’t work, though to the Canucks’ good fortune everything worked out for the best. In a bizarre turn of events, Schneider suffered cramps while allowing a goal on a penalty shot and had to leave Game 6 of the series. Luongo allowed the overtime winner in relief, but he came back, won Game 7 in overtime and regained his form, at least until the last two games. Having gone through all that, he actually gained confidence. He not only advanced past the second round for the first time, he advanced past the third.
The Canucks had a 3-2 lead in the Chicago series and were on the road. This series is a 2-2 tie, and the Canucks are at home. Most important, this is for the Cup. This isn’t about gut feelings anymore. It’s about guts. At this stage, you show confidence in the guys who got you here and leave it in their hands.
“You guys should know … the core group and the strong leadership that we have in that dressing room, the accountability that we have in that dressing room, guys aren’t happy with how they’ve played. ” Vigneault said. “They’re aware of it, and they’re going to come ready tomorrow, and they’re going to live in the moment and seize this opportunity.”
Luongo gave up the captaincy to Henrik Sedin(notes) this season and much has been made of how a burden has been lifted off his shoulders. He has seemed more relaxed. That is true. But it is not as though Luongo has stopped facing questions in Vancouver’s hockey-mad media market, and he generally has not avoided them.
He doesn’t always tell people what they want to hear. He sometimes makes excuses when he could own his mistakes. Maybe it’s a defense mechanism. Maybe if he doesn’t admit to himself that he’s at fault the negatives are easier to take. I don’t know. I’m not his sports psychologist.
I do know, though, that Luongo looked and sounded like a captain again Thursday. The Canucks had spent several hours flying back from Boston and they had to make some players available to the media by league directive. Instead of taking the day off, Luongo showed up with three of his defensemen. Most of the questions were directed to him, and even when they weren’t, he took the lead.
“Last time I checked, it’s 2-2 in the series,” Luongo said. “So I don’t see why we should be depressed.”
Vancouver fans can see why. Having waited 40 years for the franchise’s first Stanley Cup, they were so giddy with the Canucks taking a 2-0 series lead that they partied in the streets after Game 2. At 4:30 a.m., the stragglers among the revelers were still out and about. One carried a homemade Cup on a sidewalk downtown. And now, suddenly, the series has turned, and the Bruins have all the momentum.
Look, it isn’t all Luongo’s fault. It isn’t even close. The Bruins have been pounding the Canucks and wearing them down. The defense has been thinned by an injury to Dan Hamhuis(notes) and a suspension to Aaron Rome(notes). The offense has been struggling to finish scoring chances. The Canucks’ top players – Henrik Sedin, Daniel Sedin(notes) and Ryan Kesler(notes) – have only one goal and two assists between them in this series.
Asked how he could solve Bruins goaltender Tim Thomas(notes), Henrik Sedin said: “I don’t know. Do you have an answer for me? We have to keep doing the things we are. He’s playing well right now like [Luongo] is when he’s hot.”
That says a lot right there. Thomas is hot; Luongo is not.
The theory has been that with so much talent in front of him – the winners of the Presidents’ Trophy as the NHL’s top regular-season team – Luongo doesn’t need to carry the Canucks. His job is not to win games; it’s to not lose them.
That has generally been true. Until now. Luongo’s team is struggling at the most critical point in the season, and at the other end of the ice is a fellow Vezina finalist.
Actually, Thomas isn’t just a fellow Vezina finalist. Luongo already beat one of those in the second round in the Nashville Predators’ Pekka Rinne(notes). Thomas is the Vezina favorite, and he’s playing like it – like a difference-maker, like a leader, making save after save and even mixing it up with miscreants who dare to invade his space in the crease. He’s in a zone, even if he wouldn’t call it that.
“I’ve heard a lot of talk about the zone and stuff over the course of my career, but I don’t feel much different than I did for most of the season right now,” Thomas said. “The puck definitely doesn’t look any bigger. It doesn’t look like a beach ball. It looks like a normal-sized puck. One thing when you’re playing better, you’re just able to track the puck better around the whole ice, and that’s happening well for me right now.”
It needs to happen for Luongo right now, too. With the Cup on the line, with their skaters struggling, with the other goaltender shining, the Canucks need their goaltender to at least balance the scales a bit – to be a difference-maker, to win and not just not lose.
At times like this, you go with your $10-million man, not your backup. It’s that simple.
“We’re all pretty upset with ourselves and our performances,” Luongo said. “So at the end of the day, we’re two wins away from reaching the ultimate goal, so I don’t think it’s a time for us to be putting our heads down or to not have any confidence. I think we’re close, and we want to make sure that we all bring our ‘A’ game.”
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Alain Vigneault said Thursday that he would start goaltender Roberto Luongo(notes) against the Boston Bruins on Friday night in Game 5 of the Stanley Cup Final.
“You can bet on that,” he said.
Of course, Vigneault said he would start Luongo against the Chicago Blackhawks in Game 6 of their first-round series, and he didn’t do it. He benched Luongo and gave Cory Schneider(notes) a surprise start under circumstances that seemed, at least on the surface, very similar to the ones the Canucks face now.
The Canucks had been outscored over two games then, 12-2; they have been outscored over two games now, 12-1. Vigneault had pulled Luongo in back-to-back games against the ‘Hawks; he pulled him last game against the Bruins and could have – should have – pulled him the game before that.
But this is different. Vigneault said Thursday the Chicago series was a “special situation.” The Canucks had lost to the Blackhawks in back-to-back playoffs, and they were in danger of blowing a 3-0 series lead. He said he felt that they “needed to change the momentum a little bit.”
“My gut at that time told me that putting Schneids in was the thing to do,” Vigneault said. “There is one thing [now]: Roberto is the guy, he’s my guy and he’s playing. It’s that simple.”
Well, there is a little more to it than that.
Benching Luongo last time was a big mistake. Vigneault sat a guy who is a finalist for the Vezina Trophy as the NHL’s best goaltender in the regular season – a guy with a mega-million-dollar contract that runs through 2021-22 – in favor of a promising but inexperienced backup. He risked damaging Luongo’s confidence, and he legitimized questions about the team’s confidence in him.
The move didn’t work, though to the Canucks’ good fortune everything worked out for the best. In a bizarre turn of events, Schneider suffered cramps while allowing a goal on a penalty shot and had to leave Game 6 of the series. Luongo allowed the overtime winner in relief, but he came back, won Game 7 in overtime and regained his form, at least until the last two games. Having gone through all that, he actually gained confidence. He not only advanced past the second round for the first time, he advanced past the third.
The Canucks had a 3-2 lead in the Chicago series and were on the road. This series is a 2-2 tie, and the Canucks are at home. Most important, this is for the Cup. This isn’t about gut feelings anymore. It’s about guts. At this stage, you show confidence in the guys who got you here and leave it in their hands.
“You guys should know … the core group and the strong leadership that we have in that dressing room, the accountability that we have in that dressing room, guys aren’t happy with how they’ve played. ” Vigneault said. “They’re aware of it, and they’re going to come ready tomorrow, and they’re going to live in the moment and seize this opportunity.”
Luongo gave up the captaincy to Henrik Sedin(notes) this season and much has been made of how a burden has been lifted off his shoulders. He has seemed more relaxed. That is true. But it is not as though Luongo has stopped facing questions in Vancouver’s hockey-mad media market, and he generally has not avoided them.
He doesn’t always tell people what they want to hear. He sometimes makes excuses when he could own his mistakes. Maybe it’s a defense mechanism. Maybe if he doesn’t admit to himself that he’s at fault the negatives are easier to take. I don’t know. I’m not his sports psychologist.
I do know, though, that Luongo looked and sounded like a captain again Thursday. The Canucks had spent several hours flying back from Boston and they had to make some players available to the media by league directive. Instead of taking the day off, Luongo showed up with three of his defensemen. Most of the questions were directed to him, and even when they weren’t, he took the lead.
“Last time I checked, it’s 2-2 in the series,” Luongo said. “So I don’t see why we should be depressed.”
Vancouver fans can see why. Having waited 40 years for the franchise’s first Stanley Cup, they were so giddy with the Canucks taking a 2-0 series lead that they partied in the streets after Game 2. At 4:30 a.m., the stragglers among the revelers were still out and about. One carried a homemade Cup on a sidewalk downtown. And now, suddenly, the series has turned, and the Bruins have all the momentum.
Look, it isn’t all Luongo’s fault. It isn’t even close. The Bruins have been pounding the Canucks and wearing them down. The defense has been thinned by an injury to Dan Hamhuis(notes) and a suspension to Aaron Rome(notes). The offense has been struggling to finish scoring chances. The Canucks’ top players – Henrik Sedin, Daniel Sedin(notes) and Ryan Kesler(notes) – have only one goal and two assists between them in this series.
Asked how he could solve Bruins goaltender Tim Thomas(notes), Henrik Sedin said: “I don’t know. Do you have an answer for me? We have to keep doing the things we are. He’s playing well right now like [Luongo] is when he’s hot.”
That says a lot right there. Thomas is hot; Luongo is not.
The theory has been that with so much talent in front of him – the winners of the Presidents’ Trophy as the NHL’s top regular-season team – Luongo doesn’t need to carry the Canucks. His job is not to win games; it’s to not lose them.
That has generally been true. Until now. Luongo’s team is struggling at the most critical point in the season, and at the other end of the ice is a fellow Vezina finalist.
Actually, Thomas isn’t just a fellow Vezina finalist. Luongo already beat one of those in the second round in the Nashville Predators’ Pekka Rinne(notes). Thomas is the Vezina favorite, and he’s playing like it – like a difference-maker, like a leader, making save after save and even mixing it up with miscreants who dare to invade his space in the crease. He’s in a zone, even if he wouldn’t call it that.
“I’ve heard a lot of talk about the zone and stuff over the course of my career, but I don’t feel much different than I did for most of the season right now,” Thomas said. “The puck definitely doesn’t look any bigger. It doesn’t look like a beach ball. It looks like a normal-sized puck. One thing when you’re playing better, you’re just able to track the puck better around the whole ice, and that’s happening well for me right now.”
It needs to happen for Luongo right now, too. With the Cup on the line, with their skaters struggling, with the other goaltender shining, the Canucks need their goaltender to at least balance the scales a bit – to be a difference-maker, to win and not just not lose.
At times like this, you go with your $10-million man, not your backup. It’s that simple.
“We’re all pretty upset with ourselves and our performances,” Luongo said. “So at the end of the day, we’re two wins away from reaching the ultimate goal, so I don’t think it’s a time for us to be putting our heads down or to not have any confidence. I think we’re close, and we want to make sure that we all bring our ‘A’ game.”
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports No kidding this time: Luongo starting Game 5 Vancouver Canucks vs. Boston Bruins
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Alain Vigneault said Thursday that he would start goaltender Roberto Luongo(notes) against the Boston Bruins on Friday night in Game 5 of the Stanley Cup Final.
“You can bet on that,” he said.
Of course, Vigneault said he would start Luongo against the Chicago Blackhawks in Game 6 of their first-round series, and he didn’t do it. He benched Luongo and gave Cory Schneider(notes) a surprise start under circumstances that seemed, at least on the surface, very similar to the ones the Canucks face now.
The Canucks had been outscored over two games then, 12-2; they have been outscored over two games now, 12-1. Vigneault had pulled Luongo in back-to-back games against the ‘Hawks; he pulled him last game against the Bruins and could have – should have – pulled him the game before that.
But this is different. Vigneault said Thursday the Chicago series was a “special situation.” The Canucks had lost to the Blackhawks in back-to-back playoffs, and they were in danger of blowing a 3-0 series lead. He said he felt that they “needed to change the momentum a little bit.”
“My gut at that time told me that putting Schneids in was the thing to do,” Vigneault said. “There is one thing [now]: Roberto is the guy, he’s my guy and he’s playing. It’s that simple.”
Well, there is a little more to it than that.
Benching Luongo last time was a big mistake. Vigneault sat a guy who is a finalist for the Vezina Trophy as the NHL’s best goaltender in the regular season – a guy with a mega-million-dollar contract that runs through 2021-22 – in favor of a promising but inexperienced backup. He risked damaging Luongo’s confidence, and he legitimized questions about the team’s confidence in him.
The move didn’t work, though to the Canucks’ good fortune everything worked out for the best. In a bizarre turn of events, Schneider suffered cramps while allowing a goal on a penalty shot and had to leave Game 6 of the series. Luongo allowed the overtime winner in relief, but he came back, won Game 7 in overtime and regained his form, at least until the last two games. Having gone through all that, he actually gained confidence. He not only advanced past the second round for the first time, he advanced past the third.
The Canucks had a 3-2 lead in the Chicago series and were on the road. This series is a 2-2 tie, and the Canucks are at home. Most important, this is for the Cup. This isn’t about gut feelings anymore. It’s about guts. At this stage, you show confidence in the guys who got you here and leave it in their hands.
“You guys should know … the core group and the strong leadership that we have in that dressing room, the accountability that we have in that dressing room, guys aren’t happy with how they’ve played. ” Vigneault said. “They’re aware of it, and they’re going to come ready tomorrow, and they’re going to live in the moment and seize this opportunity.”
Luongo gave up the captaincy to Henrik Sedin(notes) this season and much has been made of how a burden has been lifted off his shoulders. He has seemed more relaxed. That is true. But it is not as though Luongo has stopped facing questions in Vancouver’s hockey-mad media market, and he generally has not avoided them.
He doesn’t always tell people what they want to hear. He sometimes makes excuses when he could own his mistakes. Maybe it’s a defense mechanism. Maybe if he doesn’t admit to himself that he’s at fault the negatives are easier to take. I don’t know. I’m not his sports psychologist.
I do know, though, that Luongo looked and sounded like a captain again Thursday. The Canucks had spent several hours flying back from Boston and they had to make some players available to the media by league directive. Instead of taking the day off, Luongo showed up with three of his defensemen. Most of the questions were directed to him, and even when they weren’t, he took the lead.
“Last time I checked, it’s 2-2 in the series,” Luongo said. “So I don’t see why we should be depressed.”
Vancouver fans can see why. Having waited 40 years for the franchise’s first Stanley Cup, they were so giddy with the Canucks taking a 2-0 series lead that they partied in the streets after Game 2. At 4:30 a.m., the stragglers among the revelers were still out and about. One carried a homemade Cup on a sidewalk downtown. And now, suddenly, the series has turned, and the Bruins have all the momentum.
Look, it isn’t all Luongo’s fault. It isn’t even close. The Bruins have been pounding the Canucks and wearing them down. The defense has been thinned by an injury to Dan Hamhuis(notes) and a suspension to Aaron Rome(notes). The offense has been struggling to finish scoring chances. The Canucks’ top players – Henrik Sedin, Daniel Sedin(notes) and Ryan Kesler(notes) – have only one goal and two assists between them in this series.
Asked how he could solve Bruins goaltender Tim Thomas(notes), Henrik Sedin said: “I don’t know. Do you have an answer for me? We have to keep doing the things we are. He’s playing well right now like [Luongo] is when he’s hot.”
That says a lot right there. Thomas is hot; Luongo is not.
The theory has been that with so much talent in front of him – the winners of the Presidents’ Trophy as the NHL’s top regular-season team – Luongo doesn’t need to carry the Canucks. His job is not to win games; it’s to not lose them.
That has generally been true. Until now. Luongo’s team is struggling at the most critical point in the season, and at the other end of the ice is a fellow Vezina finalist.
Actually, Thomas isn’t just a fellow Vezina finalist. Luongo already beat one of those in the second round in the Nashville Predators’ Pekka Rinne(notes). Thomas is the Vezina favorite, and he’s playing like it – like a difference-maker, like a leader, making save after save and even mixing it up with miscreants who dare to invade his space in the crease. He’s in a zone, even if he wouldn’t call it that.
“I’ve heard a lot of talk about the zone and stuff over the course of my career, but I don’t feel much different than I did for most of the season right now,” Thomas said. “The puck definitely doesn’t look any bigger. It doesn’t look like a beach ball. It looks like a normal-sized puck. One thing when you’re playing better, you’re just able to track the puck better around the whole ice, and that’s happening well for me right now.”
It needs to happen for Luongo right now, too. With the Cup on the line, with their skaters struggling, with the other goaltender shining, the Canucks need their goaltender to at least balance the scales a bit – to be a difference-maker, to win and not just not lose.
At times like this, you go with your $10-million man, not your backup. It’s that simple.
“We’re all pretty upset with ourselves and our performances,” Luongo said. “So at the end of the day, we’re two wins away from reaching the ultimate goal, so I don’t think it’s a time for us to be putting our heads down or to not have any confidence. I think we’re close, and we want to make sure that we all bring our ‘A’ game.”
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports The real problem with Vancouver’s outrageous house prices
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports The international media have finally clued in to the wackiness on Canada’s west coast, otherwise known as the Vancouver real estate market. Last month Bloomberg noted that when compared to median household incomes Vancouver homes are more expensive than even New York. The story linked soaring prices to the influx of wealthy buyers from mainland China. Today the Wall Street Journal retraces the exact same material. The warning in both pieces is clear: Vancouver’s housing market has become disconnected from reality and is primed to crash.
This is a well worn theme for many Canadian reporters. Here at Maclean’s we’ve reached the same conclusion several times going back to 2008, and, admittedly, we’ve been proven fully and completely wrong. I still think prices here in Vancouver are nuts, but each day as I walk to work past the high-end coffee shops and panhandlers I see more “For Sale” signs going up, along with plenty of “Sold” stickers, too.
But here’s the thing. The real threat to Vancouver isn’t that the housing market might crash. That’s happened here before. It undoubtedly will happen again. Such is the boom & bust nature of real estate in Lotusland.
Far more insidious is the impact housing unaffordability is having on employers and the broader economy. You hear stories of smart, young people leaving for jobs elsewhere. At the same time smart, young people from elsewhere aren’t coming here for jobs. The price of real estate and cost of living are too high, while pay is simply too low relative to other parts of the country. Business in Vancouver, a local newsweekly, delves into the dilemma in its latest issue with the story “Home truths hurt talent search.” (You need a subscription to read the story online but here’s the lead.)
To take a job in Vancouver, Calgary-based senior information management consultant Joey Roa would have to give up living in a 3,000-square-foot house just outside the downtown core. He’d have to give up his 20-minute on-foot commute for what he figures would be “a considerable drive, at best.” He’d have to start paying provincial tax. He’d see his current $1.15-per-litre gas prices rise to what he terms Vancouver’s “insane” pump prices.
And with Vancouver’s salaries failing to keep pace with Calgary’s oil-rich pay scale, he’d likely be looking at a pay cut to boot.
Needless to say Roa is staying put in Calgary. He’s turned down several offers from head hunters in Vancouver, and the BIV story includes recruiters who are having trouble luring educated and experienced workers to the city. In short, Vancouver is increasingly being seen as a no-go zone for top talent.
This is very bad. Worse arguably than if house prices crashed. As Vancouver develops a reputation as a place where only the über-rich can afford to buy property, it could seriously undermine the economy. Fewer workers living here and earning good pay means a weaker income tax base for the province (though the city is benefiting from property taxes) not to mention less people with the means to shop, eat out and support local businesses and the arts. In addition, if you don’t have a vibrant and enterprising population, chances are new companies won’t get started. Coupled with the scarcity and high costs of commercial real estate, more companies are likely to move their head offices away. Earlier this month mining giant BHP Billiton shifted its Canadian head offices from Vancouver, a self-proclaimed global mining capital, to Saskatchewan. Who knows how many businesses decided not to come in the first place.
Above all, if the economy is left weakened by departing head offices and a scarcity of talented workers, it will leave Vancouver even more vulnerable to that housing crash when it eventually comes. In economics Dutch Disease refers to countries that are overly dependent on their natural resources at the expense of other industries. Only here the culprit is real estate. Call it the Vancouver Virus.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports The international media have finally clued in to the wackiness on Canada’s west coast, otherwise known as the Vancouver real estate market. Last month Bloomberg noted that when compared to median household incomes Vancouver homes are more expensive than even New York. The story linked soaring prices to the influx of wealthy buyers from mainland China. Today the Wall Street Journal retraces the exact same material. The warning in both pieces is clear: Vancouver’s housing market has become disconnected from reality and is primed to crash.
This is a well worn theme for many Canadian reporters. Here at Maclean’s we’ve reached the same conclusion several times going back to 2008, and, admittedly, we’ve been proven fully and completely wrong. I still think prices here in Vancouver are nuts, but each day as I walk to work past the high-end coffee shops and panhandlers I see more “For Sale” signs going up, along with plenty of “Sold” stickers, too.
But here’s the thing. The real threat to Vancouver isn’t that the housing market might crash. That’s happened here before. It undoubtedly will happen again. Such is the boom & bust nature of real estate in Lotusland.
Far more insidious is the impact housing unaffordability is having on employers and the broader economy. You hear stories of smart, young people leaving for jobs elsewhere. At the same time smart, young people from elsewhere aren’t coming here for jobs. The price of real estate and cost of living are too high, while pay is simply too low relative to other parts of the country. Business in Vancouver, a local newsweekly, delves into the dilemma in its latest issue with the story “Home truths hurt talent search.” (You need a subscription to read the story online but here’s the lead.)
To take a job in Vancouver, Calgary-based senior information management consultant Joey Roa would have to give up living in a 3,000-square-foot house just outside the downtown core. He’d have to give up his 20-minute on-foot commute for what he figures would be “a considerable drive, at best.” He’d have to start paying provincial tax. He’d see his current $1.15-per-litre gas prices rise to what he terms Vancouver’s “insane” pump prices.
And with Vancouver’s salaries failing to keep pace with Calgary’s oil-rich pay scale, he’d likely be looking at a pay cut to boot.
Needless to say Roa is staying put in Calgary. He’s turned down several offers from head hunters in Vancouver, and the BIV story includes recruiters who are having trouble luring educated and experienced workers to the city. In short, Vancouver is increasingly being seen as a no-go zone for top talent.
This is very bad. Worse arguably than if house prices crashed. As Vancouver develops a reputation as a place where only the über-rich can afford to buy property, it could seriously undermine the economy. Fewer workers living here and earning good pay means a weaker income tax base for the province (though the city is benefiting from property taxes) not to mention less people with the means to shop, eat out and support local businesses and the arts. In addition, if you don’t have a vibrant and enterprising population, chances are new companies won’t get started. Coupled with the scarcity and high costs of commercial real estate, more companies are likely to move their head offices away. Earlier this month mining giant BHP Billiton shifted its Canadian head offices from Vancouver, a self-proclaimed global mining capital, to Saskatchewan. Who knows how many businesses decided not to come in the first place.
Above all, if the economy is left weakened by departing head offices and a scarcity of talented workers, it will leave Vancouver even more vulnerable to that housing crash when it eventually comes. In economics Dutch Disease refers to countries that are overly dependent on their natural resources at the expense of other industries. Only here the culprit is real estate. Call it the Vancouver Virus.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports The real problem with Vancouver’s outrageous house prices
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports The international media have finally clued in to the wackiness on Canada’s west coast, otherwise known as the Vancouver real estate market. Last month Bloomberg noted that when compared to median household incomes Vancouver homes are more expensive than even New York. The story linked soaring prices to the influx of wealthy buyers from mainland China. Today the Wall Street Journal retraces the exact same material. The warning in both pieces is clear: Vancouver’s housing market has become disconnected from reality and is primed to crash.
This is a well worn theme for many Canadian reporters. Here at Maclean’s we’ve reached the same conclusion several times going back to 2008, and, admittedly, we’ve been proven fully and completely wrong. I still think prices here in Vancouver are nuts, but each day as I walk to work past the high-end coffee shops and panhandlers I see more “For Sale” signs going up, along with plenty of “Sold” stickers, too.
But here’s the thing. The real threat to Vancouver isn’t that the housing market might crash. That’s happened here before. It undoubtedly will happen again. Such is the boom & bust nature of real estate in Lotusland.
Far more insidious is the impact housing unaffordability is having on employers and the broader economy. You hear stories of smart, young people leaving for jobs elsewhere. At the same time smart, young people from elsewhere aren’t coming here for jobs. The price of real estate and cost of living are too high, while pay is simply too low relative to other parts of the country. Business in Vancouver, a local newsweekly, delves into the dilemma in its latest issue with the story “Home truths hurt talent search.” (You need a subscription to read the story online but here’s the lead.)
To take a job in Vancouver, Calgary-based senior information management consultant Joey Roa would have to give up living in a 3,000-square-foot house just outside the downtown core. He’d have to give up his 20-minute on-foot commute for what he figures would be “a considerable drive, at best.” He’d have to start paying provincial tax. He’d see his current $1.15-per-litre gas prices rise to what he terms Vancouver’s “insane” pump prices.
And with Vancouver’s salaries failing to keep pace with Calgary’s oil-rich pay scale, he’d likely be looking at a pay cut to boot.
Needless to say Roa is staying put in Calgary. He’s turned down several offers from head hunters in Vancouver, and the BIV story includes recruiters who are having trouble luring educated and experienced workers to the city. In short, Vancouver is increasingly being seen as a no-go zone for top talent.
This is very bad. Worse arguably than if house prices crashed. As Vancouver develops a reputation as a place where only the über-rich can afford to buy property, it could seriously undermine the economy. Fewer workers living here and earning good pay means a weaker income tax base for the province (though the city is benefiting from property taxes) not to mention less people with the means to shop, eat out and support local businesses and the arts. In addition, if you don’t have a vibrant and enterprising population, chances are new companies won’t get started. Coupled with the scarcity and high costs of commercial real estate, more companies are likely to move their head offices away. Earlier this month mining giant BHP Billiton shifted its Canadian head offices from Vancouver, a self-proclaimed global mining capital, to Saskatchewan. Who knows how many businesses decided not to come in the first place.
Above all, if the economy is left weakened by departing head offices and a scarcity of talented workers, it will leave Vancouver even more vulnerable to that housing crash when it eventually comes. In economics Dutch Disease refers to countries that are overly dependent on their natural resources at the expense of other industries. Only here the culprit is real estate. Call it the Vancouver Virus.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports As Internet IPOs sizzle, Pandora raises price range for its offering to between $10 and $12
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Pandora raised the price range of its initial public offering Friday June 10, 2011 by at least a third and boosted the number of shares to be sold by as many as a million, demonstrating again a seemingly insatiable demand from investors for a stake a new slate of Internet companies.
The popular online radio service may raise as much as $176.3 million with the new offer.
Proceeds for Pandora Media Inc. could reach about $72 million if the shares price at $12. Selling stockholders would get up to $104.2 million.
Pandora raised the price range for the shares to between $10 and $12, up from the initial $7 and $9 it was seeking. Pandora and the selling stockholders are also now offering up to 14.7 million shares, up from 13.7 million earlier.
The IPO from Pandora, based in Oakland, Calif., comes amid a sizzling market for the latest generation of Internet companies. These include daily deals site Groupon Inc., which has filed to go public and professional networking service LinkedIn Corp., which has already completed its IPO.
Shares of LinkedIn, issued at $45 in mid-May, soared above $100 before noon on the day they hit the market and closed at $94.25 on a trading volume of 30 million shares. Shares are now trading above $72.
Pandora got its start in 2000 as a music recommendation service, then known as Savage Beast Technologies. It changed its name in 2005 when it launched an Internet radio service that lets people stream music over the Web. Users can create custom stations based on songs, genres or artists.
Joseph Kennedy, a former salesman for automaker Saturn Corp. and executive for online banker E-Loan, has been Pandora’s CEO since 2005. He owns 4.2 million Pandora shares. Other stockholders include venture capitalists Crosslink Capital, Walden Venture Capital and Greylock Partners and newspaper and magazine publisher Hearst Corp.
Pandora offers a basic, ad-supported service for free. Users can pay for a service with no ads that allows them to skip more songs they don’t like and listen to songs in higher sound quality. Most listeners still use the free service.
The company plans to use the proceeds from the offering to pay accrued dividends on its redeemable convertible preferred shares and for general corporate purposes.
The underwriters are Morgan Stanley, JPMorgan, Citi, William Blair & Co., Stifel Nicolaus Weisel and Wells Fargo Securities.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Pandora raised the price range of its initial public offering Friday June 10, 2011 by at least a third and boosted the number of shares to be sold by as many as a million, demonstrating again a seemingly insatiable demand from investors for a stake a new slate of Internet companies.
The popular online radio service may raise as much as $176.3 million with the new offer.
Proceeds for Pandora Media Inc. could reach about $72 million if the shares price at $12. Selling stockholders would get up to $104.2 million.
Pandora raised the price range for the shares to between $10 and $12, up from the initial $7 and $9 it was seeking. Pandora and the selling stockholders are also now offering up to 14.7 million shares, up from 13.7 million earlier.
The IPO from Pandora, based in Oakland, Calif., comes amid a sizzling market for the latest generation of Internet companies. These include daily deals site Groupon Inc., which has filed to go public and professional networking service LinkedIn Corp., which has already completed its IPO.
Shares of LinkedIn, issued at $45 in mid-May, soared above $100 before noon on the day they hit the market and closed at $94.25 on a trading volume of 30 million shares. Shares are now trading above $72.
Pandora got its start in 2000 as a music recommendation service, then known as Savage Beast Technologies. It changed its name in 2005 when it launched an Internet radio service that lets people stream music over the Web. Users can create custom stations based on songs, genres or artists.
Joseph Kennedy, a former salesman for automaker Saturn Corp. and executive for online banker E-Loan, has been Pandora’s CEO since 2005. He owns 4.2 million Pandora shares. Other stockholders include venture capitalists Crosslink Capital, Walden Venture Capital and Greylock Partners and newspaper and magazine publisher Hearst Corp.
Pandora offers a basic, ad-supported service for free. Users can pay for a service with no ads that allows them to skip more songs they don’t like and listen to songs in higher sound quality. Most listeners still use the free service.
The company plans to use the proceeds from the offering to pay accrued dividends on its redeemable convertible preferred shares and for general corporate purposes.
The underwriters are Morgan Stanley, JPMorgan, Citi, William Blair & Co., Stifel Nicolaus Weisel and Wells Fargo Securities.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports As Internet IPOs sizzle, Pandora raises price range for its offering to between $10 and $12
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Pandora raised the price range of its initial public offering Friday June 10, 2011 by at least a third and boosted the number of shares to be sold by as many as a million, demonstrating again a seemingly insatiable demand from investors for a stake a new slate of Internet companies.
The popular online radio service may raise as much as $176.3 million with the new offer.
Proceeds for Pandora Media Inc. could reach about $72 million if the shares price at $12. Selling stockholders would get up to $104.2 million.
Pandora raised the price range for the shares to between $10 and $12, up from the initial $7 and $9 it was seeking. Pandora and the selling stockholders are also now offering up to 14.7 million shares, up from 13.7 million earlier.
The IPO from Pandora, based in Oakland, Calif., comes amid a sizzling market for the latest generation of Internet companies. These include daily deals site Groupon Inc., which has filed to go public and professional networking service LinkedIn Corp., which has already completed its IPO.
Shares of LinkedIn, issued at $45 in mid-May, soared above $100 before noon on the day they hit the market and closed at $94.25 on a trading volume of 30 million shares. Shares are now trading above $72.
Pandora got its start in 2000 as a music recommendation service, then known as Savage Beast Technologies. It changed its name in 2005 when it launched an Internet radio service that lets people stream music over the Web. Users can create custom stations based on songs, genres or artists.
Joseph Kennedy, a former salesman for automaker Saturn Corp. and executive for online banker E-Loan, has been Pandora’s CEO since 2005. He owns 4.2 million Pandora shares. Other stockholders include venture capitalists Crosslink Capital, Walden Venture Capital and Greylock Partners and newspaper and magazine publisher Hearst Corp.
Pandora offers a basic, ad-supported service for free. Users can pay for a service with no ads that allows them to skip more songs they don’t like and listen to songs in higher sound quality. Most listeners still use the free service.
The company plans to use the proceeds from the offering to pay accrued dividends on its redeemable convertible preferred shares and for general corporate purposes.
The underwriters are Morgan Stanley, JPMorgan, Citi, William Blair & Co., Stifel Nicolaus Weisel and Wells Fargo Securities.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Consumer products maker Procter & Gamble (NYSE:PG) said Friday June 10, 2011 it has agreed to settle a lawsuit by parents who claimed a new version of Pampers diapers caused skin rashes and other problems for their babies.
P&G will pay attorney fees, estimated at $2.7 million, and $1,000 to each child of 59 plaintiffs, under terms subject to final approval in U.S. District Court in Cincinnati. The company also will spend $400,000 to create a pediatric resident training program and provide skin rash education, including on the Pampers website.
P&G said it isn’t paying the plaintiffs damages.
The proposed settlement would end the legal action triggered by last year’s launch of Dry Max, which P&G touted as thinner and more absorbent.
Complaints about rashes spread quickly online but P&G said no link was found.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Consumer products maker Procter & Gamble (NYSE:PG) said Friday June 10, 2011 it has agreed to settle a lawsuit by parents who claimed a new version of Pampers diapers caused skin rashes and other problems for their babies.
P&G will pay attorney fees, estimated at $2.7 million, and $1,000 to each child of 59 plaintiffs, under terms subject to final approval in U.S. District Court in Cincinnati. The company also will spend $400,000 to create a pediatric resident training program and provide skin rash education, including on the Pampers website.
P&G said it isn’t paying the plaintiffs damages.
The proposed settlement would end the legal action triggered by last year’s launch of Dry Max, which P&G touted as thinner and more absorbent.
Complaints about rashes spread quickly online but P&G said no link was found.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Consumer products maker Procter & Gamble (NYSE:PG) said Friday June 10, 2011 it has agreed to settle a lawsuit by parents who claimed a new version of Pampers diapers caused skin rashes and other problems for their babies.
P&G will pay attorney fees, estimated at $2.7 million, and $1,000 to each child of 59 plaintiffs, under terms subject to final approval in U.S. District Court in Cincinnati. The company also will spend $400,000 to create a pediatric resident training program and provide skin rash education, including on the Pampers website.
P&G said it isn’t paying the plaintiffs damages.
The proposed settlement would end the legal action triggered by last year’s launch of Dry Max, which P&G touted as thinner and more absorbent.
Complaints about rashes spread quickly online but P&G said no link was found.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports Lululemon (TSX:LLL) turns online for growth as in-store demand outruns supply
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Lululemon Athletica Inc. (TSX:LLL) is focusing on building its online presence after in-store demand for athletic apparel outran supply in Q1 and profits soared above expectations for the fifth consecutive quarter.
The Vancouver-based retailer said Friday June 10, 2011 that it completed a massive overhaul of its e-commerce site during the latest quarter and plans to ramp up its online presence through social media, web advertising and mobile applications.
“Our online store inventory will be in a good position to support a strong back half of the year,” Lululemon’s president and CEO Christine Day said on a conference call with analysts Friday.
The retailer has spent recent months switching management of its web operations from a third-party to a new in-house team as online sales become a bigger part of its growth strategy. It expects web sales to make up about 10 per cent of revenue this year, and believes they’ll reach 15 per cent or more of total sales in the near term.
The retailer sees its website as an avenue to reach more consumers than it can through its 142 stores in Canada, the U.S. and Australia, as well as offer an array of products that it is unable to display in its small, boutique-style stores.
“We can carry product lines a little bit longer, we can bring back the classics — there’s so many things we can do, like line extensions, that we don’t have the opportunity to do because of the size of our stores,” Day said.
The popularity of Lululemon yoga and run apparel is already well-established in Canada and is growing south of the border — a phenomenon that has been reflected in quarterly results that have soared past expectations for more than a year.
Stronger sales of its yoga apparel helped turn an improved first-quarter profit of $33.5 million, or 46 cents per share. That beat predictions of 38 cents per share, according to a survey of analysts by Thomson Reuters, and was also ahead of the $19.6-million profit it reported a year earlier.
The company said it expects second-quarter revenues in the range of $200 million to $205 million, or 42 to 44 cents per share. It also increased its full-year sales forecast to target $915 million to $930 million, or $2.10 to $2.16 a share.
Its shares gained 3.6 per cent or $3.92 to $87.82 in midday trading Friday on the Toronto Stock Exchange . The stock price has doubled in the past year and hit a 52-week high of $97.99 in April.
Despite the stronger first-quarter profit, growth was more sluggish than in previous quarters, when the retailer had reported revenues that doubled, but the slowdown had been expected.
The company had telegraphed in its last quarterly results that supply chain issues could restrain profits in the opening months of 2011.
The company’s rising popularity has also created supply issues in its stores, where its body hugging pants, shorts and tops fly off the shelves faster than inventory can be restocked.
Lululemon shares had been beaten down somewhat in recent weeks after the Canadian fashion retailer was downgraded by an analyst ahead of the company’s earnings as concerns mounted about the company’s inability to match its inventory levels with demand.
“Given our inventory constraints combined with our focus on transitioning our e-commerce platform, we approached the plan for the first quarter conservatively,” Day said Friday.
However, the Vancouver-based company said revenue increased to $186.8 million from $138.3 million as comparable-store sales were up 16 per cent in the three-month period. A strong Canadian dollar helped boost revenues by $4.3 million or 3.1 per cent.
Breaking down the results, Day said February sales were strong, but that inventory constraints held back sales in March. By April, inventory started to be replenished and Day said the company is now in a better position headed into the second quarter, but warned that inventory flow is “still less than optimal.”
During the first quarter, the company opened three stores in the U.S., and one in Australia. It has 142 stores in its network compared with 128 a year ago, the majority of which are located in the U.S.
While about three per cent of the chain’s online sales come from shoppers outside of North America, the company says it would be premature to roll out an international expansion strategy because it still has work to do to shore up business in North America.
Lululemon said sales in its most recently opened stores in the U.S. exceeded expectations and performed at a level most stores are expected to hit in their third year of operation. It said U.S. sales are now catching up those reported in Canada.
The company is also working on expanding its Ivivva children’s line and shoring up sales of its men’s line, which has been performing better in the U.S. where Lululemon was rolled out as a unisex chain. Lululemon began in Canada as a women’s brand, opening its first story in Vancouver in 1998.
Day said the chain is also testing the option of entering the cycling wear market as spinning classes become a growing trend and people use bikes more for commuting. But, she added, its in no hurry to develop the line as a path to grow sales.
“We want to keep some innovation back to drive that future growth and we also don’t want to be distracted from what we believe are the two biggest growth categories (yoga and run),” she said.
On Thursday, shareholders approved a two-for-one split of the company’s stock. The post-split shares are expected to begin trading on the Nasdaq market in New York under the symbol ( Nasdaq :LULU) and on the Toronto Stock Exchange around end of June.
After the split, Lululemon will have about 108 million shares issued and outstanding.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Lululemon Athletica Inc. (TSX:LLL) is focusing on building its online presence after in-store demand for athletic apparel outran supply in Q1 and profits soared above expectations for the fifth consecutive quarter.
The Vancouver-based retailer said Friday June 10, 2011 that it completed a massive overhaul of its e-commerce site during the latest quarter and plans to ramp up its online presence through social media, web advertising and mobile applications.
“Our online store inventory will be in a good position to support a strong back half of the year,” Lululemon’s president and CEO Christine Day said on a conference call with analysts Friday.
The retailer has spent recent months switching management of its web operations from a third-party to a new in-house team as online sales become a bigger part of its growth strategy. It expects web sales to make up about 10 per cent of revenue this year, and believes they’ll reach 15 per cent or more of total sales in the near term.
The retailer sees its website as an avenue to reach more consumers than it can through its 142 stores in Canada, the U.S. and Australia, as well as offer an array of products that it is unable to display in its small, boutique-style stores.
“We can carry product lines a little bit longer, we can bring back the classics — there’s so many things we can do, like line extensions, that we don’t have the opportunity to do because of the size of our stores,” Day said.
The popularity of Lululemon yoga and run apparel is already well-established in Canada and is growing south of the border — a phenomenon that has been reflected in quarterly results that have soared past expectations for more than a year.
Stronger sales of its yoga apparel helped turn an improved first-quarter profit of $33.5 million, or 46 cents per share. That beat predictions of 38 cents per share, according to a survey of analysts by Thomson Reuters, and was also ahead of the $19.6-million profit it reported a year earlier.
The company said it expects second-quarter revenues in the range of $200 million to $205 million, or 42 to 44 cents per share. It also increased its full-year sales forecast to target $915 million to $930 million, or $2.10 to $2.16 a share.
Its shares gained 3.6 per cent or $3.92 to $87.82 in midday trading Friday on the Toronto Stock Exchange . The stock price has doubled in the past year and hit a 52-week high of $97.99 in April.
Despite the stronger first-quarter profit, growth was more sluggish than in previous quarters, when the retailer had reported revenues that doubled, but the slowdown had been expected.
The company had telegraphed in its last quarterly results that supply chain issues could restrain profits in the opening months of 2011.
The company’s rising popularity has also created supply issues in its stores, where its body hugging pants, shorts and tops fly off the shelves faster than inventory can be restocked.
Lululemon shares had been beaten down somewhat in recent weeks after the Canadian fashion retailer was downgraded by an analyst ahead of the company’s earnings as concerns mounted about the company’s inability to match its inventory levels with demand.
“Given our inventory constraints combined with our focus on transitioning our e-commerce platform, we approached the plan for the first quarter conservatively,” Day said Friday.
However, the Vancouver-based company said revenue increased to $186.8 million from $138.3 million as comparable-store sales were up 16 per cent in the three-month period. A strong Canadian dollar helped boost revenues by $4.3 million or 3.1 per cent.
Breaking down the results, Day said February sales were strong, but that inventory constraints held back sales in March. By April, inventory started to be replenished and Day said the company is now in a better position headed into the second quarter, but warned that inventory flow is “still less than optimal.”
During the first quarter, the company opened three stores in the U.S., and one in Australia. It has 142 stores in its network compared with 128 a year ago, the majority of which are located in the U.S.
While about three per cent of the chain’s online sales come from shoppers outside of North America, the company says it would be premature to roll out an international expansion strategy because it still has work to do to shore up business in North America.
Lululemon said sales in its most recently opened stores in the U.S. exceeded expectations and performed at a level most stores are expected to hit in their third year of operation. It said U.S. sales are now catching up those reported in Canada.
The company is also working on expanding its Ivivva children’s line and shoring up sales of its men’s line, which has been performing better in the U.S. where Lululemon was rolled out as a unisex chain. Lululemon began in Canada as a women’s brand, opening its first story in Vancouver in 1998.
Day said the chain is also testing the option of entering the cycling wear market as spinning classes become a growing trend and people use bikes more for commuting. But, she added, its in no hurry to develop the line as a path to grow sales.
“We want to keep some innovation back to drive that future growth and we also don’t want to be distracted from what we believe are the two biggest growth categories (yoga and run),” she said.
On Thursday, shareholders approved a two-for-one split of the company’s stock. The post-split shares are expected to begin trading on the Nasdaq market in New York under the symbol ( Nasdaq :LULU) and on the Toronto Stock Exchange around end of June.
After the split, Lululemon will have about 108 million shares issued and outstanding.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports Lululemon (TSX:LLL) turns online for growth as in-store demand outruns supply
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Lululemon Athletica Inc. (TSX:LLL) is focusing on building its online presence after in-store demand for athletic apparel outran supply in Q1 and profits soared above expectations for the fifth consecutive quarter.
The Vancouver-based retailer said Friday June 10, 2011 that it completed a massive overhaul of its e-commerce site during the latest quarter and plans to ramp up its online presence through social media, web advertising and mobile applications.
“Our online store inventory will be in a good position to support a strong back half of the year,” Lululemon’s president and CEO Christine Day said on a conference call with analysts Friday.
The retailer has spent recent months switching management of its web operations from a third-party to a new in-house team as online sales become a bigger part of its growth strategy. It expects web sales to make up about 10 per cent of revenue this year, and believes they’ll reach 15 per cent or more of total sales in the near term.
The retailer sees its website as an avenue to reach more consumers than it can through its 142 stores in Canada, the U.S. and Australia, as well as offer an array of products that it is unable to display in its small, boutique-style stores.
“We can carry product lines a little bit longer, we can bring back the classics — there’s so many things we can do, like line extensions, that we don’t have the opportunity to do because of the size of our stores,” Day said.
The popularity of Lululemon yoga and run apparel is already well-established in Canada and is growing south of the border — a phenomenon that has been reflected in quarterly results that have soared past expectations for more than a year.
Stronger sales of its yoga apparel helped turn an improved first-quarter profit of $33.5 million, or 46 cents per share. That beat predictions of 38 cents per share, according to a survey of analysts by Thomson Reuters, and was also ahead of the $19.6-million profit it reported a year earlier.
The company said it expects second-quarter revenues in the range of $200 million to $205 million, or 42 to 44 cents per share. It also increased its full-year sales forecast to target $915 million to $930 million, or $2.10 to $2.16 a share.
Its shares gained 3.6 per cent or $3.92 to $87.82 in midday trading Friday on the Toronto Stock Exchange . The stock price has doubled in the past year and hit a 52-week high of $97.99 in April.
Despite the stronger first-quarter profit, growth was more sluggish than in previous quarters, when the retailer had reported revenues that doubled, but the slowdown had been expected.
The company had telegraphed in its last quarterly results that supply chain issues could restrain profits in the opening months of 2011.
The company’s rising popularity has also created supply issues in its stores, where its body hugging pants, shorts and tops fly off the shelves faster than inventory can be restocked.
Lululemon shares had been beaten down somewhat in recent weeks after the Canadian fashion retailer was downgraded by an analyst ahead of the company’s earnings as concerns mounted about the company’s inability to match its inventory levels with demand.
“Given our inventory constraints combined with our focus on transitioning our e-commerce platform, we approached the plan for the first quarter conservatively,” Day said Friday.
However, the Vancouver-based company said revenue increased to $186.8 million from $138.3 million as comparable-store sales were up 16 per cent in the three-month period. A strong Canadian dollar helped boost revenues by $4.3 million or 3.1 per cent.
Breaking down the results, Day said February sales were strong, but that inventory constraints held back sales in March. By April, inventory started to be replenished and Day said the company is now in a better position headed into the second quarter, but warned that inventory flow is “still less than optimal.”
During the first quarter, the company opened three stores in the U.S., and one in Australia. It has 142 stores in its network compared with 128 a year ago, the majority of which are located in the U.S.
While about three per cent of the chain’s online sales come from shoppers outside of North America, the company says it would be premature to roll out an international expansion strategy because it still has work to do to shore up business in North America.
Lululemon said sales in its most recently opened stores in the U.S. exceeded expectations and performed at a level most stores are expected to hit in their third year of operation. It said U.S. sales are now catching up those reported in Canada.
The company is also working on expanding its Ivivva children’s line and shoring up sales of its men’s line, which has been performing better in the U.S. where Lululemon was rolled out as a unisex chain. Lululemon began in Canada as a women’s brand, opening its first story in Vancouver in 1998.
Day said the chain is also testing the option of entering the cycling wear market as spinning classes become a growing trend and people use bikes more for commuting. But, she added, its in no hurry to develop the line as a path to grow sales.
“We want to keep some innovation back to drive that future growth and we also don’t want to be distracted from what we believe are the two biggest growth categories (yoga and run),” she said.
On Thursday, shareholders approved a two-for-one split of the company’s stock. The post-split shares are expected to begin trading on the Nasdaq market in New York under the symbol ( Nasdaq :LULU) and on the Toronto Stock Exchange around end of June.
After the split, Lululemon will have about 108 million shares issued and outstanding.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports TSX Looks To End Dismal Week On A Lackluster Note
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Canadian stocks may struggle to carry over positive momentum from the previous session on Friday amid renewed concerns about the global economy.
The S&P /TSX composite index snapped a seven-day losing skid Thursday, rising 71.95 points or 0.55 percent to 13,255.74.
However, Toronto’s June swoon may resume today, with disappointing Chinese export growth figures suggesting global demand has fizzled out.
Energy stocks may be in play as U.S. crude oil futures dipped back toward $100 a barrel on news that Saudi Arabia has offered more supplies to Asian refiners.
In corporate news from Canada, lululemon athletica inc. (LULU,LLL.TO:) posted first quarter net income of $33.37 million or $0.46 per share versus $19.59 million or $0.27 per share last year. Analysts expected the company to report earnings of $0.38 per share.
Centric Health Corp. (CHH.TO) Friday announced a first-quarter loss, reversing from the prior-year profit as a result of higher operating costs in acquired businesses.
Research In Motion (RIM.TO) unveiled plans to launch the BlackBerry PlayBook tablet in an additional 16 markets around the world over the next 30 days.
Taseko Mines Ltd. (TGB,TKO.TO) reported first quarter adjusted earnings were C$10.8 million or C$0.06 per share, up from C$7.3 million or C$0.04 per share in the first quarter of 2010. Revenues declined to C$58.80 million from C$75.51 million.
Iamgold Corp. (IAG,IMG.TO) announced that it boosted its stake in Merrex Gold Inc. (MXI.V).
Meanwhile, Canada’s economy generated 22,000 jobs in May, in line with expectations, but well short of the increase seen in the previous month, official data showed Friday.
Still, the unemployment rate dropped to 7.4. percent from 7.6 percent, as more Canadians gave up looking for work. This is lowest unemployment rates since the summer of 2008.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Canadian stocks may struggle to carry over positive momentum from the previous session on Friday amid renewed concerns about the global economy.
The S&P /TSX composite index snapped a seven-day losing skid Thursday, rising 71.95 points or 0.55 percent to 13,255.74.
However, Toronto’s June swoon may resume today, with disappointing Chinese export growth figures suggesting global demand has fizzled out.
Energy stocks may be in play as U.S. crude oil futures dipped back toward $100 a barrel on news that Saudi Arabia has offered more supplies to Asian refiners.
In corporate news from Canada, lululemon athletica inc. (LULU,LLL.TO:) posted first quarter net income of $33.37 million or $0.46 per share versus $19.59 million or $0.27 per share last year. Analysts expected the company to report earnings of $0.38 per share.
Centric Health Corp. (CHH.TO) Friday announced a first-quarter loss, reversing from the prior-year profit as a result of higher operating costs in acquired businesses.
Research In Motion (RIM.TO) unveiled plans to launch the BlackBerry PlayBook tablet in an additional 16 markets around the world over the next 30 days.
Taseko Mines Ltd. (TGB,TKO.TO) reported first quarter adjusted earnings were C$10.8 million or C$0.06 per share, up from C$7.3 million or C$0.04 per share in the first quarter of 2010. Revenues declined to C$58.80 million from C$75.51 million.
Iamgold Corp. (IAG,IMG.TO) announced that it boosted its stake in Merrex Gold Inc. (MXI.V).
Meanwhile, Canada’s economy generated 22,000 jobs in May, in line with expectations, but well short of the increase seen in the previous month, official data showed Friday.
Still, the unemployment rate dropped to 7.4. percent from 7.6 percent, as more Canadians gave up looking for work. This is lowest unemployment rates since the summer of 2008.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports TSX Looks To End Dismal Week On A Lackluster Note
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Canadian stocks may struggle to carry over positive momentum from the previous session on Friday amid renewed concerns about the global economy.
The S&P /TSX composite index snapped a seven-day losing skid Thursday, rising 71.95 points or 0.55 percent to 13,255.74.
However, Toronto’s June swoon may resume today, with disappointing Chinese export growth figures suggesting global demand has fizzled out.
Energy stocks may be in play as U.S. crude oil futures dipped back toward $100 a barrel on news that Saudi Arabia has offered more supplies to Asian refiners.
In corporate news from Canada, lululemon athletica inc. (LULU,LLL.TO:) posted first quarter net income of $33.37 million or $0.46 per share versus $19.59 million or $0.27 per share last year. Analysts expected the company to report earnings of $0.38 per share.
Centric Health Corp. (CHH.TO) Friday announced a first-quarter loss, reversing from the prior-year profit as a result of higher operating costs in acquired businesses.
Research In Motion (RIM.TO) unveiled plans to launch the BlackBerry PlayBook tablet in an additional 16 markets around the world over the next 30 days.
Taseko Mines Ltd. (TGB,TKO.TO) reported first quarter adjusted earnings were C$10.8 million or C$0.06 per share, up from C$7.3 million or C$0.04 per share in the first quarter of 2010. Revenues declined to C$58.80 million from C$75.51 million.
Iamgold Corp. (IAG,IMG.TO) announced that it boosted its stake in Merrex Gold Inc. (MXI.V).
Meanwhile, Canada’s economy generated 22,000 jobs in May, in line with expectations, but well short of the increase seen in the previous month, official data showed Friday.
Still, the unemployment rate dropped to 7.4. percent from 7.6 percent, as more Canadians gave up looking for work. This is lowest unemployment rates since the summer of 2008.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports Stocks have moved mostly lower in early trading on Friday June 10, 2011
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Stocks have moved mostly lower in early trading on Friday June 10, 2011, offsetting the notable gains posted in the previous session. The major averages have all moved to the downside and seem poised to close lower for yet another week.
The major averages have seen some further downside in recent trading, falling to new lows for the young session. The Dow is down 102.44 points or 0.8 percent at 12,021.92, the Nasdaq is down 15.25 points or 0.6 percent at 2,669.62 and the S&P 500 is down 10.51 points or 0.8 percent at 1,278.49.
The early weakness on Wall Street is partly due to concerns about the outlook for the global economy after China reported a narrower than expected trade surplus for May.
The Chinese Customs Office reported a trade surplus of $13.05 billion for May, below the $19.8 billion surplus forecast by economists, as export growth slowed.
After helping to lead the markets higher in the previous session, health insurance stocks have come under pressure on the day. The Morgan Stanley Healthcare Payor Index is down by 1.7 percent after surging up by 2.7 percent on Thursday.
Gold, oil service, and healthcare provider stocks have also shown notable moves back to the downside after seeing considerable strength in the previous session. Most of the other major sectors have also moved lower.
Among individual stocks, Diodes (DIOD) has come under pressure after it lowered its gross margin guidance for the second quarter. The company cited a mix shift due to softening demand and a slower than expected recovery from manpower shortages at its Chinese packaging facilities.
Toyota (TM) is also trading lower after the auto giant said it expects sharply lower profits in its first-half and fiscal year 2012, reflecting the anticipated decline in vehicle sales due the ongoing impact of the earthquake in Japan.
Meanwhile, National Semiconductor (NSM) is posting a modest gain after reporting fourth quarter earnings of $0.26 per share on sales that fell 6 percent to $374.1 million. Analysts had expected the company to earn $0.27 per share on sales of $365.1 million.
In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance on Friday. Japan’s benchmark Nikkei 225 Index advanced by 0.5 percent, while Hong Kong’s Hang Seng Index fell by 0.8 percent.
Meanwhile, the major European markets have all moved to the downside over the course of the trading day. The French CAC 40 Index has fallen by 1.3 percent, while the U.K.’s FTSE 100 Index and the German DAX Index are down by 0.5 percent and 0.4 percent, respectively.
In the bond market, treasures are seeing moderate strength in morning trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 3.8 basis points at 2.96 percent.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Stocks have moved mostly lower in early trading on Friday June 10, 2011, offsetting the notable gains posted in the previous session. The major averages have all moved to the downside and seem poised to close lower for yet another week.
The major averages have seen some further downside in recent trading, falling to new lows for the young session. The Dow is down 102.44 points or 0.8 percent at 12,021.92, the Nasdaq is down 15.25 points or 0.6 percent at 2,669.62 and the S&P 500 is down 10.51 points or 0.8 percent at 1,278.49.
The early weakness on Wall Street is partly due to concerns about the outlook for the global economy after China reported a narrower than expected trade surplus for May.
The Chinese Customs Office reported a trade surplus of $13.05 billion for May, below the $19.8 billion surplus forecast by economists, as export growth slowed.
After helping to lead the markets higher in the previous session, health insurance stocks have come under pressure on the day. The Morgan Stanley Healthcare Payor Index is down by 1.7 percent after surging up by 2.7 percent on Thursday.
Gold, oil service, and healthcare provider stocks have also shown notable moves back to the downside after seeing considerable strength in the previous session. Most of the other major sectors have also moved lower.
Among individual stocks, Diodes (DIOD) has come under pressure after it lowered its gross margin guidance for the second quarter. The company cited a mix shift due to softening demand and a slower than expected recovery from manpower shortages at its Chinese packaging facilities.
Toyota (TM) is also trading lower after the auto giant said it expects sharply lower profits in its first-half and fiscal year 2012, reflecting the anticipated decline in vehicle sales due the ongoing impact of the earthquake in Japan.
Meanwhile, National Semiconductor (NSM) is posting a modest gain after reporting fourth quarter earnings of $0.26 per share on sales that fell 6 percent to $374.1 million. Analysts had expected the company to earn $0.27 per share on sales of $365.1 million.
In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance on Friday. Japan’s benchmark Nikkei 225 Index advanced by 0.5 percent, while Hong Kong’s Hang Seng Index fell by 0.8 percent.
Meanwhile, the major European markets have all moved to the downside over the course of the trading day. The French CAC 40 Index has fallen by 1.3 percent, while the U.K.’s FTSE 100 Index and the German DAX Index are down by 0.5 percent and 0.4 percent, respectively.
In the bond market, treasures are seeing moderate strength in morning trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 3.8 basis points at 2.96 percent.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports Stocks have moved mostly lower in early trading on Friday June 10, 2011
VANCOUVER, BC (June 10, 2011) Dominion Lending Centres Clearlease Reports Stocks have moved mostly lower in early trading on Friday June 10, 2011, offsetting the notable gains posted in the previous session. The major averages have all moved to the downside and seem poised to close lower for yet another week.
The major averages have seen some further downside in recent trading, falling to new lows for the young session. The Dow is down 102.44 points or 0.8 percent at 12,021.92, the Nasdaq is down 15.25 points or 0.6 percent at 2,669.62 and the S&P 500 is down 10.51 points or 0.8 percent at 1,278.49.
The early weakness on Wall Street is partly due to concerns about the outlook for the global economy after China reported a narrower than expected trade surplus for May.
The Chinese Customs Office reported a trade surplus of $13.05 billion for May, below the $19.8 billion surplus forecast by economists, as export growth slowed.
After helping to lead the markets higher in the previous session, health insurance stocks have come under pressure on the day. The Morgan Stanley Healthcare Payor Index is down by 1.7 percent after surging up by 2.7 percent on Thursday.
Gold, oil service, and healthcare provider stocks have also shown notable moves back to the downside after seeing considerable strength in the previous session. Most of the other major sectors have also moved lower.
Among individual stocks, Diodes (DIOD) has come under pressure after it lowered its gross margin guidance for the second quarter. The company cited a mix shift due to softening demand and a slower than expected recovery from manpower shortages at its Chinese packaging facilities.
Toyota (TM) is also trading lower after the auto giant said it expects sharply lower profits in its first-half and fiscal year 2012, reflecting the anticipated decline in vehicle sales due the ongoing impact of the earthquake in Japan.
Meanwhile, National Semiconductor (NSM) is posting a modest gain after reporting fourth quarter earnings of $0.26 per share on sales that fell 6 percent to $374.1 million. Analysts had expected the company to earn $0.27 per share on sales of $365.1 million.
In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance on Friday. Japan’s benchmark Nikkei 225 Index advanced by 0.5 percent, while Hong Kong’s Hang Seng Index fell by 0.8 percent.
Meanwhile, the major European markets have all moved to the downside over the course of the trading day. The French CAC 40 Index has fallen by 1.3 percent, while the U.K.’s FTSE 100 Index and the German DAX Index are down by 0.5 percent and 0.4 percent, respectively.
In the bond market, treasures are seeing moderate strength in morning trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 3.8 basis points at 2.96 percent.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports General Motors (NYSE:GM) recalls 2,600 Cadillac SRX crossovers in Canada over airbag
VANCOUVER, BC (June 9, 2011) Dominion Lending Centres Clearlease Reports General Motors NYSE:GM) is recalling 2,622 Cadillac SRX crossover vehicles in Canada Friday June 10, 2011 because of a problem with the passenger side air bags.
A spokesman for the automaker confirmed the numbers, which are part of a broader recall of 47,000 Cadillac SRX crossovers in the United States.
The U.S. highway traffic safety administration posted documents on its website saying that the right side head protection air bag won’t inflate in a crash if no one is in the front seat.
As a result, a right-side passenger in the back seat may not be protected and could get hurt in a front or side crash, the agency said in the documents.
GM said no injuries have been reported.
Air bag sensors in the 2011 SRX, an SUV-like vehicle that’s more nimble and efficient because it’s built on car underpinnings, are programmed to turn off the passenger side air bags if no one is in the right-front seat, the agency said. But that conflicts with the owner’s manual, which says the air bags will inflate regardless whether the front seat is occupied.
“Because the actions of the air bag and the owner’s manual do not match, the vehicle is not compliant” with federal safety standards, NHTSA said.
The recall affects SRXs made between Feb. 2, 2010 and April 29 of this year and sold in North America. Dealers will reprogram the air bag sensors to fix the problem free of charge. GM will notify owners by mail starting Friday.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
VANCOUVER, BC (June 9, 2011) Dominion Lending Centres Clearlease Reports General Motors NYSE:GM) is recalling 2,622 Cadillac SRX crossover vehicles in Canada Friday June 10, 2011 because of a problem with the passenger side air bags.
A spokesman for the automaker confirmed the numbers, which are part of a broader recall of 47,000 Cadillac SRX crossovers in the United States.
The U.S. highway traffic safety administration posted documents on its website saying that the right side head protection air bag won’t inflate in a crash if no one is in the front seat.
As a result, a right-side passenger in the back seat may not be protected and could get hurt in a front or side crash, the agency said in the documents.
GM said no injuries have been reported.
Air bag sensors in the 2011 SRX, an SUV-like vehicle that’s more nimble and efficient because it’s built on car underpinnings, are programmed to turn off the passenger side air bags if no one is in the right-front seat, the agency said. But that conflicts with the owner’s manual, which says the air bags will inflate regardless whether the front seat is occupied.
“Because the actions of the air bag and the owner’s manual do not match, the vehicle is not compliant” with federal safety standards, NHTSA said.
The recall affects SRXs made between Feb. 2, 2010 and April 29 of this year and sold in North America. Dealers will reprogram the air bag sensors to fix the problem free of charge. GM will notify owners by mail starting Friday.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
Dominion Lending Centres Clearlease Reports General Motors (NYSE:GM) recalls 2,600 Cadillac SRX crossovers in Canada over airbag
VANCOUVER, BC (June 9, 2011) Dominion Lending Centres Clearlease Reports General Motors NYSE:GM) is recalling 2,622 Cadillac SRX crossover vehicles in Canada Friday June 10, 2011 because of a problem with the passenger side air bags.
A spokesman for the automaker confirmed the numbers, which are part of a broader recall of 47,000 Cadillac SRX crossovers in the United States.
The U.S. highway traffic safety administration posted documents on its website saying that the right side head protection air bag won’t inflate in a crash if no one is in the front seat.
As a result, a right-side passenger in the back seat may not be protected and could get hurt in a front or side crash, the agency said in the documents.
GM said no injuries have been reported.
Air bag sensors in the 2011 SRX, an SUV-like vehicle that’s more nimble and efficient because it’s built on car underpinnings, are programmed to turn off the passenger side air bags if no one is in the right-front seat, the agency said. But that conflicts with the owner’s manual, which says the air bags will inflate regardless whether the front seat is occupied.
“Because the actions of the air bag and the owner’s manual do not match, the vehicle is not compliant” with federal safety standards, NHTSA said.
The recall affects SRXs made between Feb. 2, 2010 and April 29 of this year and sold in North America. Dealers will reprogram the air bag sensors to fix the problem free of charge. GM will notify owners by mail starting Friday.
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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.
