Admin-CL

Dominion Lending Centres Clearlease Reports US markets are looking for direction

VANCOUVER, BC (May 17, 2011) Clearlease Reports US markets are looking for direction, though things could be worse, what with tech bellwether Hewlett-Packard (HP) lowering its profits guidance and US housing data in April proving disappointing.

While the S&P 500 is holding steady at 1,330 and the NASDAQ Composite is down just a point at 2,780, the 30-share Dow Jones industrial average is off 37 points at 12,511, largely as a result of the caning that HP is taking .

News broke after the bell last night of an internal e-mail to HP staff from company boss Leo Apotheker which urged employees to batten down the hatches for a “tough quarter”, and today HP has confirmed the deteriorating outlook by slashing its full year sales guidance by a billion dollar.

HP is now guiding to full year sales of around $129bn to $130bn, and earnings per share (EPS) of at least $5 a share. Analysts had been working on the assumption that sales this year would be around $130.3bn, and EPS about $5.24, while the company’s previous guidance, back in February, was for sales of $130bn – $131.5bn and EPS of at least $5.20 a share.

Goldman Sachs analysts has given the bulls pause for thought by calling attention to the fact that a, “whopping $9.8bn in new shares is scheduled to price this week, and overnight deals could be heavy in the two weeks left before Memorial Day”. It is not infrequent for higher corporate issuance to weigh on the equity markets, according to analysts at Digital Look.

On the bright side, results from retailers Wal Mart, Saks and Home Depot, however, have come in better than expected.

On the economic front, industrial production remained flat in April (Consensus: 0.4%).

Housing starts fell 10.6% on month in April, to 523,000 (Consensus: 569,000).

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports US markets are looking for direction

On the bright side, results from retailers Wal Mart, Saks and Home Depot, however, have come in better than expected.

On the economic front, industrial production remained flat in April (Consensus: 0.4%).

Housing starts fell 10.6% on month in April, to 523,000 (Consensus: 569,000).

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports US markets are looking for direction

On the bright side, results from retailers Wal Mart, Saks and Home Depot, however, have come in better than expected.

On the economic front, industrial production remained flat in April (Consensus: 0.4%).

Housing starts fell 10.6% on month in April, to 523,000 (Consensus: 569,000).

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports LinkedIn increases price range for IPO shares by 30 per cent in sign of heavy investor demand

VANCOUVER, BC (May 17, 2011) Clearlease Reports LinkedIn is increased the price it’s asking for shares of its initial public offering on Tuesday May 17, 2011 by 30 per cent. That suggests investors are eager to buy stock of the professional networking website, boding well for future IPOs of other social networking companies such as Facebook, Twitter and Groupon.

LinkedIn, based in Mountain View, Calif., is raising the price range on its shares to $42 to $45 apiece from $32 to $35 apiece. Shares are expected to price Wednesday and begin trading Thursday.

The new price means LinkedIn could be valued at more than $4 billion after going public, the biggest Internet IPO since Google’s debut in 2004. At the middle of the new proposed range, the IPO would raise about $341 million.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

LinkedIn, based in Mountain View, Calif., is raising the price range on its shares to $42 to $45 apiece from $32 to $35 apiece. Shares are expected to price Wednesday and begin trading Thursday.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports LinkedIn increases price range for IPO shares by 30 per cent in sign of heavy investor demand

LinkedIn, based in Mountain View, Calif., is raising the price range on its shares to $42 to $45 apiece from $32 to $35 apiece. Shares are expected to price Wednesday and begin trading Thursday.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Alter NRG (TSX:NRG) closes $2.1 million sale of surplus land and building near Edmonton

VANCOUVER, BC (May 17, 2011) Clearlease Reports Clean energy provider Alter NRG Corp. (TSX:NRG) closed a $2.1 million sale of surplus land and building near Edmonton, Alta. Tuesday May 17, 2011.

In October, Alter said the sale was expected to fetch $2.3 million, but the price was reduced because of some building damage.

Alter earned a $250,000 gain from the sale of the property in Bruderheim, 45 kilometres northeast of Edmonton. It also eliminates about $300,000 in annual operating costs.

The company had discontinued the Bruderheim project in late 2008 as it began to focus on technology sales.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

VANCOUVER, BC (May 17, 2011) Clearlease Reports Clean energy provider Alter NRG Corp. (TSX:NRG) closed a $2.1 million sale of surplus land and building near Edmonton, Alta. Tuesday May 17, 2011.

In October, Alter said the sale was expected to fetch $2.3 million, but the price was reduced because of some building damage.

Alter earned a $250,000 gain from the sale of the property in Bruderheim, 45 kilometres northeast of Edmonton. It also eliminates about $300,000 in annual operating costs.

The company had discontinued the Bruderheim project in late 2008 as it began to focus on technology sales.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Alter NRG (TSX:NRG) closes $2.1 million sale of surplus land and building near Edmonton

VANCOUVER, BC (May 17, 2011) Clearlease Reports Clean energy provider Alter NRG Corp. (TSX:NRG) closed a $2.1 million sale of surplus land and building near Edmonton, Alta. Tuesday May 17, 2011.

In October, Alter said the sale was expected to fetch $2.3 million, but the price was reduced because of some building damage.

Alter earned a $250,000 gain from the sale of the property in Bruderheim, 45 kilometres northeast of Edmonton. It also eliminates about $300,000 in annual operating costs.

The company had discontinued the Bruderheim project in late 2008 as it began to focus on technology sales.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Warren Buffett’s firm Berkshire (NYSE: BRK-A ) reveals new stake in MasterCard

VANCOUVER, BC (May 17, 2011) Clearlease Reports Warren Buffett’s company announced Monday May 16, 2011 that it added a new stake in MasterCard Inc. during the first quarter, but made few other changes in its holdings.

Berkshire Hathaway Inc. (NYSE: BRK-A ) filed a quarterly update on its $53.6 billion U.S. stock portfolio with the Securities and Exchange Commission on Monday. The filing shows Berkshire’s holdings on March 31, and it revealed 216,000 shares of MasterCard.

The filing also shows Berkshire sold 8,000 of its 29.1 million ConocoPhillips shares.

Buffett manages most of Berkshire’s investments himself, but last fall he hired Todd Combs to run a portfolio worth $1 billion to $3 billion. So investors are looking for clues about any investments Combs made since joining Berkshire.

But the quarterly filings don’t differentiate between investments Buffett makes or investments any of Berkshire’s roughly 80 subsidiaries make.

Berkshire said it received permission from the SEC to keep information about some of its trades confidential, so the company may have been more active than Monday’s filing shows.

Buffett’s company often asks the Securities and Exchange Commission for the ability to not disclose information that could hurt its trading strategy because the market likes to follow what the “Oracle of Omaha’s” company does.

Officials at the Omaha-based company Buffett leads as chairman and CEO did not immediately respond to a request for comment Monday, but they don’t typically comment on Berkshire’s stock holdings beyond what they are legally required to disclose.

The seemingly quiet first quarter contrasts with the last three months of 2010 when Berkshire sold off several of its smaller investments, including stakes in Bank of America, Comcast, Nestle, Nike, and Lowe’s.

Buffett has said most of those stock sales were related to the retirement of the investment manager who bought them. Buffett said he decided to liquidate Lou Simpson’s portfolio, so Combs could have a fresh start.

During the first quarter, Buffett did negotiate a $9 billion agreement to buy the Lubrizol chemical company for $135 per share. Lubrizol shareholders are scheduled to vote June 9 on that deal, which includes Berkshire assuming about $700 million in Lubrizol debt.

That deal may have occupied a fair amount of Buffett’s time after it was announced March 14 because of the actions of former Berkshire executive David Sokol, who helped make the Lubrizol deal happen. Sokol bought nearly 100,000 Lubrizol shares in early January for about $100 a share even though he knew Lubrizol’s board had been discussing Berkshire’s possible interest in acquiring the chemical company.

Buffett has called Sokol’s actions unethical and inexcusable.

Sokol resigned after disclosing his trades to Berkshire, but he has denied any wrongdoing. Sokol says he left Berkshire to start his own firm.

Besides investments, Berkshire owns clothing, insurance, furniture, utility, natural gas pipeline, brick, carpet, jewelry and corporate jet companies.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

The filing also shows Berkshire sold 8,000 of its 29.1 million ConocoPhillips shares.

But the quarterly filings don’t differentiate between investments Buffett makes or investments any of Berkshire’s roughly 80 subsidiaries make.

Berkshire said it received permission from the SEC to keep information about some of its trades confidential, so the company may have been more active than Monday’s filing shows.

Buffett has called Sokol’s actions unethical and inexcusable.

Sokol resigned after disclosing his trades to Berkshire, but he has denied any wrongdoing. Sokol says he left Berkshire to start his own firm.

Besides investments, Berkshire owns clothing, insurance, furniture, utility, natural gas pipeline, brick, carpet, jewelry and corporate jet companies.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Warren Buffett’s firm Berkshire (NYSE: BRK-A ) reveals new stake in MasterCard

The filing also shows Berkshire sold 8,000 of its 29.1 million ConocoPhillips shares.

But the quarterly filings don’t differentiate between investments Buffett makes or investments any of Berkshire’s roughly 80 subsidiaries make.

Berkshire said it received permission from the SEC to keep information about some of its trades confidential, so the company may have been more active than Monday’s filing shows.

Buffett has called Sokol’s actions unethical and inexcusable.

Sokol resigned after disclosing his trades to Berkshire, but he has denied any wrongdoing. Sokol says he left Berkshire to start his own firm.

Besides investments, Berkshire owns clothing, insurance, furniture, utility, natural gas pipeline, brick, carpet, jewelry and corporate jet companies.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Contact DLC Clearlease.com:

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Foreign investors buy up Cdn securities

VANCOUVER, BC (May 17, 2011) Clearlease Reports Foreign investment in Canadian securities increased to $6.3 billion in March, with acquisitions equally split between bonds and stocks.

In contrast, Canadians removed $1.7 billion from their holdings of foreign securities in March, all debt instruments.

Statistics Canada reports foreign investors added $3.2 billion of Canadian bonds to their holdings in March.

Foreigners invested $8 billion in the secondary market, the largest amount in a year.

This was partially offset by a record high in retirements of federal government enterprise bonds in the month.

Non-resident investment in federal government bonds rebounded to $3.8 billion and was concentrated on medium term-to-maturity bonds, following significant activity in short-term bonds over the previous two months.

Purchases of corporate bonds on the secondary market remained robust in March and were focused in Canadian mortgage-backed securities.

Non-resident investor holdings of Canadian money market instruments were down $209 million in March.

This resulted from sizable retirements of provincial government paper, which more than offset foreign investment in new Canadian U.S. dollar-denominated corporate paper.

Canadian investors reduced their holdings of foreign bonds by $2.3 billion in March, more than offsetting the acquisitions of the previous month.

Resident investors also removed $701 million from their holdings of foreign money-market instruments.

The divestment was all in US government T-bills and completely offset the investment accumulated over the previous two months.

Canadian investors added $1.3 billion of foreign stocks to their holdings in March, a third consecutive monthly acquisition.