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Dominion Lending Centres Clearlease Reports Forbes Energy Services Ltd. (TSX:FRB) Q1 Profits of $1 million

VANCOUVER, BC – (May 16, 2011) Clearlease Reports Forbes Energy Services Ltd. (TSX:FRB) stated Monday May 16, 2011 that it made a small profit of $1 million in the first quarter of 2011, turning around results from a year ago on higher revenues from increased drilling activity.

The company said its first quarter net income attributable to common shareholders was equal to one cent per share, compared to an $8.2 million loss in the same quarter last year, or 10 cents per share.

Revenue was $107 million, up from $67.3 million in the first quarter of 2010.

The company said it saw near-record activity in south and west Texas as oil prices remain high, and pulled in higher revenues due to higher utilization and an increase in third party subcontractor services revenue.

Forbes said it expects activity levels to improve in the second quarter due to increased rig utilization, more trucks in the field, and the full impact of recent price increases.

Forbes Energy is an independent oilfield services contractor that provides drilling and production services to oil and natural gas companies in Texas, Mississippi, Pennsylvania and Mexico. It is traded on the Toronto Stock Exchange.

Stock in the company rose six cents, or 2.3 per cent, to $2.59 on the Toronto Stock Exchange

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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.

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Revenue was $107 million, up from $67.3 million in the first quarter of 2010.

Forbes said it expects activity levels to improve in the second quarter due to increased rig utilization, more trucks in the field, and the full impact of recent price increases.

Stock in the company rose six cents, or 2.3 per cent, to $2.59 on the Toronto Stock Exchange

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Dominion Lending Centres Clearlease Reports Forbes Energy Services Ltd. (TSX:FRB) Q1 Profits of $1 million

Revenue was $107 million, up from $67.3 million in the first quarter of 2010.

Forbes said it expects activity levels to improve in the second quarter due to increased rig utilization, more trucks in the field, and the full impact of recent price increases.

Stock in the company rose six cents, or 2.3 per cent, to $2.59 on the Toronto Stock Exchange

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Dominion Lending Centres Clearlease Reports traders reacting negatively to disappointing economic data

VANCOUVER, BC – (May 16, 2011) Clearlease Reports With traders reacting negatively to disappointing economic data as well as news of the arrest of the head of the International Monetary Fund, stocks are seeing moderate weakness in early trading on Monday. Selling pressure has remained subdued, however, limiting the downside for the markets.

The early weakness on Wall Street is partly due to the release of a report from the New York Federal Reserve showing a much bigger than expected slowdown in the pace of regional manufacturing growth in the month of May.

The New York Fed said its general business conditions index fell to 11.9 in May from 21.7 in April, although a positive reading indicates growth in the manufacturing sector. Economists had expected the index to show a much more modest drop to a reading of 20.0.

Paul Ashworth, Chief U.S. Economist at Capital Economic, said, “Overall, the manufacturing recovery appears to be losing a little momentum, but for now it is still the economy’s best performing sector.”

Negative sentiment has also been generated by news that IMF chief Dominique Strauss-Kahn was arrested in New York on Sunday on charges that he attempted to sexually assault a hotel maid.

Police said Strauss-Kahn has been charged with a criminal sexual act, attempted rape and unlawful imprisonment over an incident involving a 32-year-old maid at the luxury Sofitel near Times Square.

Strauss-Kahn’s arrest has added to recent concerns about the financial situation in Europe, where officials are meeting today to discuss Greece’s financing needs.

Meanwhile, shares of NYSE Euronext (NYX) have moved sharply lower in early trading on news that Nasdaq OMX (NDAQ) and IntercontinentalExchange (ICE) are withdrawing their joint proposal to acquire the NYSE, citing difficulty in receiving necessary regulatory approvals.

Home improvement products retailer Lowe’s (LOW) is also seeing early weakness after reporting below-consensus earnings and revenues for the first quarter and issuing lukewarm guidance for the full year.

While a majority of the major sectors have move to the downside, most are showing only modest downward moves. Moderate weakness is visible among networking, oil, and healthcare provider stocks.

On the other hand, gold and airline stocks have moved mostly higher in early trading, partly offsetting the weakness seen in the other sectors.

The major averages have not seen much follow-through on their initial downward move and are currently posting modest losses. The Dow is down 53.13 points or 0.4 percent at 12,542.62, the Nasdaq is down 12.56 points or 0.4 percent at 2,815.91 and the S&P 500 is down 3.83 points or 0.3 percent at 1,333.94.

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Negative sentiment has also been generated by news that IMF chief Dominique Strauss-Kahn was arrested in New York on Sunday on charges that he attempted to sexually assault a hotel maid.

Police said Strauss-Kahn has been charged with a criminal sexual act, attempted rape and unlawful imprisonment over an incident involving a 32-year-old maid at the luxury Sofitel near Times Square.

Strauss-Kahn’s arrest has added to recent concerns about the financial situation in Europe, where officials are meeting today to discuss Greece’s financing needs.

While a majority of the major sectors have move to the downside, most are showing only modest downward moves. Moderate weakness is visible among networking, oil, and healthcare provider stocks.

On the other hand, gold and airline stocks have moved mostly higher in early trading, partly offsetting the weakness seen in the other sectors.

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

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Dominion Lending Centres Clearlease Reports traders reacting negatively to disappointing economic data

Negative sentiment has also been generated by news that IMF chief Dominique Strauss-Kahn was arrested in New York on Sunday on charges that he attempted to sexually assault a hotel maid.

Police said Strauss-Kahn has been charged with a criminal sexual act, attempted rape and unlawful imprisonment over an incident involving a 32-year-old maid at the luxury Sofitel near Times Square.

Strauss-Kahn’s arrest has added to recent concerns about the financial situation in Europe, where officials are meeting today to discuss Greece’s financing needs.

While a majority of the major sectors have move to the downside, most are showing only modest downward moves. Moderate weakness is visible among networking, oil, and healthcare provider stocks.

On the other hand, gold and airline stocks have moved mostly higher in early trading, partly offsetting the weakness seen in the other sectors.

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

About Dominion Lending Centres Clearlease

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Dominion Lending Centres Clearlease Reports Nasdaq-ICE drops bid for NYSE, clears way for NYSE-Deutsche Boerse combo

VANCOUVER, BC – (May 16, 2011) Clearlease Reports Nasdaq and IntercontinentalExchange are withdrawing their proposed US$11-billion bid for the parent of the New York Stock Exchange after recognizing they would not receive regulatory approval for the transaction and could potentially face a lawsuit attempting to block the deal.

The decision clears an obstacle to NYSE Euronext Inc.’s previous $10-billion deal to combine with the German exchange operator Deutsche Boerse.

Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. said Monday that they held unsuccessful talks with the antitrust division of the Justice Department about their joint bid for NYSE Euronext.

The Justice Department said it informed the companies the government would file an antitrust lawsuit to block the deal, as it believed the acquisition would have substantially eliminated competition for corporate stock listing services and other data products.

Shares of NYSE Euronext dropped $4.09, or 10 per cent, to $36.00 in morning trading. The Deutsche Boerse’s offer is lower and the withdrawal of the competing bid makes it unlikely that the German company will feel compelled to raise its bid.

Shares of Nasdaq OMX stock fell 21 cents to $26.70, while Atlanta-based IntercontinentalExchange gained $3.76, or 3.2 per cent, to $122.08.

Nasdaq OMX CEO Bob Greifeld said in a statement that the companies had offered a variety of “substantial remedies” to try to secure regulatory approval, including the sale of the NYSE Self-Regulatory Organization and its related businesses.

“While we are surprised and disappointed in the antitrust division’s conclusion, some of the uncertainty, at least as it relates to our joint proposal, has been resolved,” he said.

The announcement comes one week after Nasdaq and ICE reached out directly to NYSE Euronext shareholders, issuing a letter saying that the NYSE Euronext board was rushing a vote without exploring better alternatives.

The board had twice rejected the Nasdaq and ICE bid in favour of the Deutsche Boerse offer despite the lower price.

In a statement, Duncan Niederauer, CEO of NYSE Euronext, continued to tout the benefits of the existing transaction. “As we have consistently maintained, the combination with Deutsche Boerse creates the world’s premier exchange group — a geographically diverse business across multiple asset classes that will create compelling long term value for our shareholders.”

NYSE Euronext shareholders are scheduled to vote in early July on the deal with the German company.

Meanwhile, a group formed by four Canadian banks and five pension fund managers said during the weekend it is bidding $3.6 billion for TMX Group (TSX:X), owner of the Toronto Stock Exchange, Montreal derivatives exchange and other markets.

That bid is competing with a bid from the London Stock Exchange for Canada’s biggest stock platform, which itself has been subject to a great deal of scrutiny from regulators and lawmakers. The LSE bid has faced criticism from some Canadians who fear that foreign ownership of the TSX could threaten the stability of Canada’s capital markets.

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The decision clears an obstacle to NYSE Euronext Inc.’s previous $10-billion deal to combine with the German exchange operator Deutsche Boerse.

Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. said Monday that they held unsuccessful talks with the antitrust division of the Justice Department about their joint bid for NYSE Euronext.

Shares of Nasdaq OMX stock fell 21 cents to $26.70, while Atlanta-based IntercontinentalExchange gained $3.76, or 3.2 per cent, to $122.08.

“While we are surprised and disappointed in the antitrust division’s conclusion, some of the uncertainty, at least as it relates to our joint proposal, has been resolved,” he said.

The board had twice rejected the Nasdaq and ICE bid in favour of the Deutsche Boerse offer despite the lower price.

NYSE Euronext shareholders are scheduled to vote in early July on the deal with the German company.

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Dominion Lending Centres Clearlease Reports Nasdaq-ICE drops bid for NYSE, clears way for NYSE-Deutsche Boerse combo

The decision clears an obstacle to NYSE Euronext Inc.’s previous $10-billion deal to combine with the German exchange operator Deutsche Boerse.

Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. said Monday that they held unsuccessful talks with the antitrust division of the Justice Department about their joint bid for NYSE Euronext.

Shares of Nasdaq OMX stock fell 21 cents to $26.70, while Atlanta-based IntercontinentalExchange gained $3.76, or 3.2 per cent, to $122.08.

“While we are surprised and disappointed in the antitrust division’s conclusion, some of the uncertainty, at least as it relates to our joint proposal, has been resolved,” he said.

The board had twice rejected the Nasdaq and ICE bid in favour of the Deutsche Boerse offer despite the lower price.

NYSE Euronext shareholders are scheduled to vote in early July on the deal with the German company.

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Dominion Lending Centres Clearlease Reports Japan increased its holdings of US Treasurys in March, despite earthquake

VANCOUVER, BC – (May 16, 2011) Clearlease Reports Japan increased its holding of U.S. Treasury securities in March, the same month it was hit by a devastating earthquake.

The Treasury Department says Japan, the second-largest foreign holder, boosted its holdings by $17.6 billion to $907.9 billion. There had been concerns that the March 11 earthquake and tsunami would lead Japan to scale back its purchases so it could use the money for reconstruction.

China, the largest foreign holder, cut its holdings by $9.2 billion to $1.14 trillion. It was the fifth straight month that China reduced its purchases of U.S. debt.

Total foreign holdings increased by $4.9 billion to $4.48 trillion. The government is expected to reach its $14.3 trillion borrowing limit on Monday but Treasury has said it will be able to continue regular debt auctions until August.

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VANCOUVER, BC – (May 16, 2011) Clearlease Reports Japan increased its holding of U.S. Treasury securities in March, the same month it was hit by a devastating earthquake.

China, the largest foreign holder, cut its holdings by $9.2 billion to $1.14 trillion. It was the fifth straight month that China reduced its purchases of U.S. debt.

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Dominion Lending Centres Clearlease Reports Japan increased its holdings of US Treasurys in March, despite earthquake

VANCOUVER, BC – (May 16, 2011) Clearlease Reports Japan increased its holding of U.S. Treasury securities in March, the same month it was hit by a devastating earthquake.

China, the largest foreign holder, cut its holdings by $9.2 billion to $1.14 trillion. It was the fifth straight month that China reduced its purchases of U.S. debt.

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Dominion Lending Centres Clearlease Reports Bombardier (TSX:BBD.B) wins US$96 million airport rail contract in Saudi Arabia

VANCOUVER, BC – (May 16, 2011) Clearlease Reports Bombardier Transportation (TSX:BBD.B) signed a US$96 million contract Monday May 16, 2011, to provide and maintain an automated rail system for Saudi Arabia’s Jeddah international airport.

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Dominion Lending Centres Clearlease Reports Bombardier (TSX:BBD.B) wins US$96 million airport rail contract in Saudi Arabia

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Dominion Lending Centres Clearlease Reports Valener Inc. (TSX:VNR) Q2 profit of $108.2 million.

VANCOUVER, BC – (May 16, 2011) Clearlease Reports Valener Inc. (TSX:VNR), which was created last September with the reorganization of Gaz Metro, said Monday May 16, 2011 that Quebec’s largest natural gas distributor posted a second-quarter profit of $108.2 million.

That’s up from $103.9 million before adjustments or $104.7 million in adjusted net income a year earlier at Gaz Metro.

Most of the utility company’s profit came from energy distribution, with smaller amounts from natural gas transmission, gas storage and energy services.

Valener posted $22.4 million or 60 cents per share of net income in the second quarter.

“Valener benefits directly from the business momentum of its main investment, Gaz Metro. The strong competitive position of natural gas and the progress being made on the Seigneurie de Beaupre wind power projects and Gaz Métro’s other development initiatives are signs of a promising future for Valener,” said Pierre Monahan, chairman of the board of Valener.

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That’s up from $103.9 million before adjustments or $104.7 million in adjusted net income a year earlier at Gaz Metro.

Most of the utility company’s profit came from energy distribution, with smaller amounts from natural gas transmission, gas storage and energy services.

Valener posted $22.4 million or 60 cents per share of net income in the second quarter.

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Dominion Lending Centres Clearlease Reports Valener Inc. (TSX:VNR) Q2 profit of $108.2 million.

That’s up from $103.9 million before adjustments or $104.7 million in adjusted net income a year earlier at Gaz Metro.

Most of the utility company’s profit came from energy distribution, with smaller amounts from natural gas transmission, gas storage and energy services.

Valener posted $22.4 million or 60 cents per share of net income in the second quarter.

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Dominion Lending Centres Clearlease Reports Loonie lower for fourth day, U.S. currency rally pressures commodity prices

VANCOUVER, BC – (May 16, 2011) Clearlease Reports the Canadian dollar fell against the U.S. currency Monday morning as the greenback strengthened against other currencies and commodity prices weakened.

The loonie fell 0.61 of a cent to 102.63 cents US, down for a fourth session as investors try to avoid risk amid growing worries about the health of the economic rebound and rising inflation resulting from higher fuel costs.

Oil prices further from a 30-month high near US$115 at the beginning of the month amid a rally of the U.S. dollar, which has made crude more expensive for investors with other currencies. The June contract on the New York Mercantile Exchange fell $1.14 to US$98.51 a barrel.

Prices also fell sharply last week as data showed a sharp drop in gasoline consumption in the U.S.

Metal prices also fell as the July copper contract on the Nymex fell two cents to US$3.96 a pound. Gold prices ticked higher with the June bullion contract ahead $1.30 to US$1,494.90 an ounce.

The euro was also weaker on currency markets following the arrest of prominent political figure and International Monetary Fund head Dominique Strauss-Kahn in New York on attempted rape and sexual assault charges.

However, analysts said the arrest of Strauss-Kahn was unlikely to derail a bailout of Portugal or whether Greece will need any more aid. European finance ministers are meeting over the coming two days in Brussels. Strauss-Kahn had been due to join them.

Traders are also looking ahead to a speech later in the day by Bank of Canada governor Mark Carney. Analysts say the speech could set the trading tone for the loonie ahead of the central bank’s next announcement on interest rates on May 31.

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Prices also fell sharply last week as data showed a sharp drop in gasoline consumption in the U.S.

Metal prices also fell as the July copper contract on the Nymex fell two cents to US$3.96 a pound. Gold prices ticked higher with the June bullion contract ahead $1.30 to US$1,494.90 an ounce.

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Dominion Lending Centres Clearlease Reports Loonie lower for fourth day, U.S. currency rally pressures commodity prices

Prices also fell sharply last week as data showed a sharp drop in gasoline consumption in the U.S.

Metal prices also fell as the July copper contract on the Nymex fell two cents to US$3.96 a pound. Gold prices ticked higher with the June bullion contract ahead $1.30 to US$1,494.90 an ounce.

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Dominion Lending Centres Clearlease Reports Research In Motion (TSX:RIM) recalls approx 1,000 of its PlayBook blames faulty software

VANCOUVER, BC – (May 16, 2011) Clearlease Reports Research In Motion (TSX:RIM) is recalling about 1,000 of its PlayBook tablet devices that were shipped with a faulty operating system.

The company, which is best known for its BlackBerry smartphones, says the devices involved in the recall had a problem that may prevent users from performing the initial setup of the device.

RIM says the majority of the affected devices were still at retailers and haven’t reached customers.

The recall only affected the 16-gigabyte version of the PlayBook.

“In the small number of cases where a customer received a PlayBook that is unable to properly load software upon initial set-up, they can contact RIM for assistance,” the company said in a statement.

RIM has faced criticism in recent months for being too slow to react to the young, yet highly competitive, tablet market where Apple Inc. has a stronghold with its iPad device.

The PlayBook debuted to little fanfare and some negative reviews earlier this month, while Apple’s iPad 2 was greeted with huge demand from the consumer market.

RIM says PlayBook shipments in the quarter continue to be in line with its expectations, but the company hasn’t said how many units it expects to ship in the quarter ending May 28.

Shares in the company were up three cents to $41.95 on the Toronto Stock Exchange.