BP p.l.c. (NYSE: BP ) sues oil rig owner for at least $40B; also seeks damages from device maker for disaster – Dominion Lending Centres Clearlease

BP p.l.c. (NYSE: BP ) sues oil rig owner for at least $40B; also seeks damages from device maker for disaster – Dominion Lending Centres Clearlease

BP p.l.c. (NYSE: BP ) sues oil rig owner for at least $40B; also seeks damages from device maker for disaster – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports BP p.l.c. (NYSE: BP ) on Wednesday sued the maker of the device that failed to stop last year’s calamitous Gulf oil spill and the owner of the rig that exploded, alleging that negligence by both helped cause the disaster.

The British company said in papers filed in federal court in New Orleans that it is suing rig owner Transocean for at least $40 billion in damages, accusing it of causing last year’s deadly blowout in the Gulf of Mexico that led to the worst offshore oil spill in U.S. history. BP says every single safety system and device and well control procedure on the Deepwater Horizon rig failed.

It also is suing Cameron International, which provided a blowout preventer with a faulty design, which caused an unreasonable amount of risk that harm would occur. Both companies have filed counter claims against BP.

The filings are essentially legal manoeuvrs to preserve the companies’ claims. A federal trial is scheduled for next year that will determine which companies are at fault and how much their liability should be.

The lawsuits, filed on the first anniversary of the explosion that led to the spill, seeks damages to help BP pay for the tens of billions of dollars in liabilities it has incurred from the disaster. Though BP has estimated its liabilities at $40.9 billion, it still could face tens of billions of dollars more in civil and criminal fines and penalties from the U.S. government.

“The Deepwater Horizon BOP was unreasonably dangerous, and has caused and continues to cause harm, loss, injuries, and damages to BP (and others) stemming from the blowout of Macondo well, the resulting explosion and fire onboard the Deepwater Horizon, the efforts to regain control of the Macondo well, and the oil spill that ensued before control of the Macondo well could be regained,” BP said in the lawsuit against Cameron.

BP wants the court to award the oil giant damages against Cameron and to declare that the device maker caused or contributed to the disaster and is responsible for some or all costs incurred by BP.

Eleven people were killed when the Deepwater Horizon rig exploded on April 20, 2010, leading to more than 200 million gallons (757 million litres) of oil spewing from an undersea well.

A testing firm hired by the government determined last month the blowout preventer had a faulty design. But it also cited other problems related to rig crew actions.

BP said in a statement that it wants Transocean to pay its “proportionate” share of all damages and liabilities from the disaster.

In a statement, Transocean called BP’s lawsuit “desperate,” ”specious,” and “unconscionable.”

“The Deepwater Horizon was a world-class drilling rig manned by a top-flight crew that was put in jeopardy by BP, the operator of the Macondo well, thorough a series of cost-saving decisions that increased risk — in some cases, severely,” Transocean said.

Houston-based Cameron noted in a statement emailed to AP that Wednesday was the deadline under the relevant statute for all parties to file claims against each other.

“It is not surprising that the companies are filing to protect their indemnity rights (except in the case of BP) and whatever claims they believe they have,” Cameron said. “Additionally, in order to protect ourselves, we, too, have filed crossclaims and counterclaims, including our indemnity claims, against other parties to the litigation.”

Cameron, one of the largest makers of blowout preventers, has defended the integrity of its devices and workmanship.

Also Wednesday, Transocean filed court papers demanding that judgments be made against BP, Cameron and other companies in its favour. Among other things, Transocean wants a judgment against BP for $12.9 million and a judgment against cement contractor Halliburton and other companies for $20 million.

Transocean said the figures stem from contractual obligations and the money it lost when the rig sank.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###BP p.l.c. (NYSE: BP ) sues oil rig owner for at least $40B; also seeks damages from device maker for disaster – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports BP p.l.c. (NYSE: BP ) on Wednesday sued the maker of the device that failed to stop last year’s calamitous Gulf oil spill and the owner of the rig that exploded, alleging that negligence by both helped cause the disaster.

The British company said in papers filed in federal court in New Orleans that it is suing rig owner Transocean for at least $40 billion in damages, accusing it of causing last year’s deadly blowout in the Gulf of Mexico that led to the worst offshore oil spill in U.S. history. BP says every single safety system and device and well control procedure on the Deepwater Horizon rig failed.

It also is suing Cameron International, which provided a blowout preventer with a faulty design, which caused an unreasonable amount of risk that harm would occur. Both companies have filed counter claims against BP.

The filings are essentially legal manoeuvrs to preserve the companies’ claims. A federal trial is scheduled for next year that will determine which companies are at fault and how much their liability should be.

The lawsuits, filed on the first anniversary of the explosion that led to the spill, seeks damages to help BP pay for the tens of billions of dollars in liabilities it has incurred from the disaster. Though BP has estimated its liabilities at $40.9 billion, it still could face tens of billions of dollars more in civil and criminal fines and penalties from the U.S. government.

“The Deepwater Horizon BOP was unreasonably dangerous, and has caused and continues to cause harm, loss, injuries, and damages to BP (and others) stemming from the blowout of Macondo well, the resulting explosion and fire onboard the Deepwater Horizon, the efforts to regain control of the Macondo well, and the oil spill that ensued before control of the Macondo well could be regained,” BP said in the lawsuit against Cameron.

BP wants the court to award the oil giant damages against Cameron and to declare that the device maker caused or contributed to the disaster and is responsible for some or all costs incurred by BP.

Eleven people were killed when the Deepwater Horizon rig exploded on April 20, 2010, leading to more than 200 million gallons (757 million litres) of oil spewing from an undersea well.

A testing firm hired by the government determined last month the blowout preventer had a faulty design. But it also cited other problems related to rig crew actions.

BP said in a statement that it wants Transocean to pay its “proportionate” share of all damages and liabilities from the disaster.

In a statement, Transocean called BP’s lawsuit “desperate,” ”specious,” and “unconscionable.”

“The Deepwater Horizon was a world-class drilling rig manned by a top-flight crew that was put in jeopardy by BP, the operator of the Macondo well, thorough a series of cost-saving decisions that increased risk — in some cases, severely,” Transocean said.

Houston-based Cameron noted in a statement emailed to AP that Wednesday was the deadline under the relevant statute for all parties to file claims against each other.

“It is not surprising that the companies are filing to protect their indemnity rights (except in the case of BP) and whatever claims they believe they have,” Cameron said. “Additionally, in order to protect ourselves, we, too, have filed crossclaims and counterclaims, including our indemnity claims, against other parties to the litigation.”

Cameron, one of the largest makers of blowout preventers, has defended the integrity of its devices and workmanship.

Also Wednesday, Transocean filed court papers demanding that judgments be made against BP, Cameron and other companies in its favour. Among other things, Transocean wants a judgment against BP for $12.9 million and a judgment against cement contractor Halliburton and other companies for $20 million.

Transocean said the figures stem from contractual obligations and the money it lost when the rig sank.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###BP p.l.c. (NYSE: BP ) sues oil rig owner for at least $40B; also seeks damages from device maker for disaster – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports BP p.l.c. (NYSE: BP ) on Wednesday sued the maker of the device that failed to stop last year’s calamitous Gulf oil spill and the owner of the rig that exploded, alleging that negligence by both helped cause the disaster.

The British company said in papers filed in federal court in New Orleans that it is suing rig owner Transocean for at least $40 billion in damages, accusing it of causing last year’s deadly blowout in the Gulf of Mexico that led to the worst offshore oil spill in U.S. history. BP says every single safety system and device and well control procedure on the Deepwater Horizon rig failed.

It also is suing Cameron International, which provided a blowout preventer with a faulty design, which caused an unreasonable amount of risk that harm would occur. Both companies have filed counter claims against BP.

The filings are essentially legal manoeuvrs to preserve the companies’ claims. A federal trial is scheduled for next year that will determine which companies are at fault and how much their liability should be.

The lawsuits, filed on the first anniversary of the explosion that led to the spill, seeks damages to help BP pay for the tens of billions of dollars in liabilities it has incurred from the disaster. Though BP has estimated its liabilities at $40.9 billion, it still could face tens of billions of dollars more in civil and criminal fines and penalties from the U.S. government.

“The Deepwater Horizon BOP was unreasonably dangerous, and has caused and continues to cause harm, loss, injuries, and damages to BP (and others) stemming from the blowout of Macondo well, the resulting explosion and fire onboard the Deepwater Horizon, the efforts to regain control of the Macondo well, and the oil spill that ensued before control of the Macondo well could be regained,” BP said in the lawsuit against Cameron.

BP wants the court to award the oil giant damages against Cameron and to declare that the device maker caused or contributed to the disaster and is responsible for some or all costs incurred by BP.

Eleven people were killed when the Deepwater Horizon rig exploded on April 20, 2010, leading to more than 200 million gallons (757 million litres) of oil spewing from an undersea well.

A testing firm hired by the government determined last month the blowout preventer had a faulty design. But it also cited other problems related to rig crew actions.

BP said in a statement that it wants Transocean to pay its “proportionate” share of all damages and liabilities from the disaster.

In a statement, Transocean called BP’s lawsuit “desperate,” ”specious,” and “unconscionable.”

“The Deepwater Horizon was a world-class drilling rig manned by a top-flight crew that was put in jeopardy by BP, the operator of the Macondo well, thorough a series of cost-saving decisions that increased risk — in some cases, severely,” Transocean said.

Houston-based Cameron noted in a statement emailed to AP that Wednesday was the deadline under the relevant statute for all parties to file claims against each other.

“It is not surprising that the companies are filing to protect their indemnity rights (except in the case of BP) and whatever claims they believe they have,” Cameron said. “Additionally, in order to protect ourselves, we, too, have filed crossclaims and counterclaims, including our indemnity claims, against other parties to the litigation.”

Cameron, one of the largest makers of blowout preventers, has defended the integrity of its devices and workmanship.

Also Wednesday, Transocean filed court papers demanding that judgments be made against BP, Cameron and other companies in its favour. Among other things, Transocean wants a judgment against BP for $12.9 million and a judgment against cement contractor Halliburton and other companies for $20 million.

Transocean said the figures stem from contractual obligations and the money it lost when the rig sank.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

GM (NYSE: GM ) says Japan quake could still cut output; expects little impact on 2011 financial results – Dominion Lending Centres Clearlease

GM (NYSE: GM ) says Japan quake could still cut output; expects little impact on 2011 financial results – Dominion Lending Centres Clearlease

GM (NYSE: GM ) says Japan quake could still cut output; expects little impact on 2011 financial results – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports General Motors (NYSE: GM ) says it still could be hurt by parts shortages caused by the earthquake in Japan.

But the company doesn’t expect the shortages to have a big impact on its financial results for the year.

GM said in a statement Wednesday that it still could be forced to temporarily suspend production at factories around the world. It also may change production schedules.

But the company says it will make the best use of parts that are in short supply.

So far GM has seen little impact from the March 11 earthquake and tsunami that damaged many auto parts plants in northern Japan.

The damage has forced Japan-based automakers such as Toyota, Honda and Nissan to temporarily close plants or run them at half the normal output.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###GM (NYSE: GM ) says Japan quake could still cut output; expects little impact on 2011 financial results – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports General Motors (NYSE: GM ) says it still could be hurt by parts shortages caused by the earthquake in Japan.

But the company doesn’t expect the shortages to have a big impact on its financial results for the year.

GM said in a statement Wednesday that it still could be forced to temporarily suspend production at factories around the world. It also may change production schedules.

But the company says it will make the best use of parts that are in short supply.

So far GM has seen little impact from the March 11 earthquake and tsunami that damaged many auto parts plants in northern Japan.

The damage has forced Japan-based automakers such as Toyota, Honda and Nissan to temporarily close plants or run them at half the normal output.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###GM (NYSE: GM ) says Japan quake could still cut output; expects little impact on 2011 financial results – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports General Motors (NYSE: GM ) says it still could be hurt by parts shortages caused by the earthquake in Japan.

But the company doesn’t expect the shortages to have a big impact on its financial results for the year.

GM said in a statement Wednesday that it still could be forced to temporarily suspend production at factories around the world. It also may change production schedules.

But the company says it will make the best use of parts that are in short supply.

So far GM has seen little impact from the March 11 earthquake and tsunami that damaged many auto parts plants in northern Japan.

The damage has forced Japan-based automakers such as Toyota, Honda and Nissan to temporarily close plants or run them at half the normal output.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Relatives flew over Gulf of Mexico waters Wednesday Obama vowed to hold BP and others accountable – Dominion Lending Centres Clearlease

Relatives flew over Gulf of Mexico waters Wednesday Obama vowed to hold BP and others accountable – Dominion Lending Centres Clearlease

Relatives flew over Gulf of Mexico waters Wednesday Obama vowed to hold BP and others accountable – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports Relatives flew over Gulf of Mexico waters Wednesday where 11 oil rig workers died a year ago, residents gathered in prayer vigils onshore and President Barack Obama vowed to hold BP and others accountable for “the painful losses that they’ve caused.”

Even as sombre remembrances marked the first anniversary of the worst offshore oil spill in American history, there were reminders that lengthy legal battles lay ahead. BP filed a lawsuit alleging negligence by the maker of the device that failed to stop the spill and the rig owner. Both filed their own claims.

The disaster began on the night of April 20, 2010, when the Deepwater Horizon rig burst into flames and killed the 11 men. The rest of the crew evacuated, but two days later the rig toppled into the Gulf and sank to the sea floor. Over the next 85 days, 206 million gallons (780 million litres) of oil — 19 times more than the Exxon Valdez spilled — spewed from the well.

In a statement, Transocean called BP’s lawsuit “desperate,” ”specious,” and “unconscionable.”

“The Deepwater Horizon was a world-class drilling rig manned by a top-flight crew that was put in jeopardy by BP, the operator of the Macondo well, thorough a series of cost-saving decisions that increased risk — in some cases, severely,” Transocean said.

Parents, siblings and wives of the workers — whose bodies were never recovered — boarded a helicopter Wednesday to see the waters where their loved ones perished. The helicopter took them from New Orleans out to the well site, circled around so that people on both sides of the aircraft could see and then returned to shore, said Arleen Weise, whose son, Adam, was killed on the rig. The only indication they were at the site was an announcement from the pilot, she said.

“It was just a little emotional, seeing where they were,” Weise said by phone from Houston, where rig owner Transocean planned an evening memorial service.

Asked what went through her mind when she saw where the rig went down, Weise said, “Just rise up. I wanted them to come up, but it didn’t happen.”

In a statement, President Barack Obama paid tribute to those killed in the blast and said that despite significant progress toward mitigating the spill’s worst impacts, “the job isn’t done.”

“We continue to hold BP and other responsible parties fully accountable for the damage they’ve done and the painful losses that they’ve caused,” he said.

BP said in its lawsuit filed in federal court in New Orleans that Cameron International provided a blowout preventer with a faulty design, alleging that negligence by the manufacturer helped cause the disaster. The suit seeks damages to help BP pay for the tens of billions of dollars in liabilities it has incurred from the disaster.

BP sued rig owner Transocean for at least $40 billion in damages, accusing it of causing last year’s deadly blowout. BP says every single safety system and device and well control procedure on the Deepwater Horizon rig failed.

Houston-based Cameron noted in a statement emailed to AP that Wednesday was the deadline under the relevant statute for all parties to file claims against each other. It said that it has filed claims of its own to protect itself.

Also Wednesday, Transocean filed court papers demanding that judgments be made against BP, Cameron and other companies in its favour.

An email to Transocean about the BP lawsuit was not immediately answered.

A presidential commission has concluded that a cascade of technical and managerial failures — including a faulty cement job — caused the disaster. BP, the oil giant which owns the blown-out well, has paid billions in cleanup costs and to compensate victims. The company has estimated its total liability at $40.9 billion, but it might have to pay many billions more, especially if its officials were to be found criminally negligent in still pending investigations and trials. For now, though, the company has rebounded relatively well, with its stock now just 20 per cent below its pre-spill value.

At a candle-lit ceremony in New Orleans’ Jackson Square shortly after sunrise, environmentalists and religious leaders joined to remember the perished rig workers and call on the nation to take the steps to prevent another environmental catastrophe.

“Our souls are slumbering in moral indifference,” said Rabbi Edward Cohn of the Temple Sinai in New Orleans. “People quite rightly are asking: How and when, and by whose insistence and stubborn support, will the public’s mind be refocused upon what happened in the Gulf?”

Elsewhere around the world, BP employees were observing a minute of silence.

“We are committed to meet our obligations to those affected by this tragedy and we will continue our work to strengthen safety and risk management across BP,” BP chief executive Bob Dudley said in a message on the company’s website. “But most of all today, we remember 11 fellow workers and we deeply regret the loss of their lives.”

The solemn ceremonies underscore the delicate healing that is only now taking shape. Oil still occasionally rolls up on beaches in the form of tar balls, and fishermen face an uncertain future.

Louis and Audrey Neal of Mississippi who make their living from crabbing, said it’s gotten so bad since the spill that they’re contemplating divorce and facing foreclosure.

“I don’t see any daylight at the end of this tunnel. I don’t see any hope at all. We thought we’d see hope after a year, but there’s nothing,” Audrey Neal said.

“We ain’t making no money. There’s no crabs,” said Louis Neal, a lifelong crabber.

His wife said the couple received about $53,000 from BP early on, but that was just enough money to cover three months of debt. They haven’t received any funds from an administrator handing out compensation from a $20 billion fund set up by BP, they said.

Still, there are some signs that normalcy is returning. Traffic jams on the narrow coastal roads of Alabama, crowded seafood restaurants in Florida and families vacationing along the Louisiana coast attest to the fact that familiar routines are returning, albeit slowly.

John Williams spent the oil spill anniversary trying to catch mackerel on the fishing pier at Gulf State Park in Gulf Shores, Ala. Hundreds lined the pier.

The state banned anglers from keeping their catch off the pier last year because of the oil, but coolers were full of big redfish and king mackerel on Wednesday.

“People will be back. It’s pretty down here, and it’s good to be out here,” said Williams, of Daphne.

Members of 10 Alabama churches gathered on a public beach in Orange Beach, Alabama during a daylong prayer vigil. As families played in the surf and BP cleanup workers scoured the beach a few miles west for tarballs, Abe Feingold sat under an awning with friends and said a prayer.

“It’s for BP not to forget us,” said Feingold, of Orange Beach. “If they keep reimbursing people, we’ll recover.”

Most scientists agree that environmental damage wasn’t as bad as some predicted, said Christopher D’Elia, dean at the School of the Coast and Environment at Louisiana State University. But biologists are still concerned about the spill’s long-term effect on marine life.

Accumulated oil is believed to lie on the bottom of the Gulf, and it still shows up as a thick, gooey black crust along miles of Louisiana’s marshy shoreline. Scientists have begun to notice that the land in many places is eroding, and plants have been damaged.

Louisiana Gov. Bobby Jindal said more than 300 miles (482 kilometres) of Louisiana coastline continues to see some BP oil. He was joined by the presidents of six coastal parishes for a commemoration on Grand Isle, a coastal barrier island that took major impact from the oil

Playing on a theme in BP’s advertising during the spill, Jindal urged the company to continue to fund coastal restoration and to speed up claims payments to those affected by the oil. “We continue to call on BP to fulfil the promises of their ads. We continue to call on BP to truly make it right.”

Earlier Wednesday, Ted Petrie, back from his first shrimping run since the spill, docked his boat at the Grand Isle marina.

He said he worries about the Gulf fishing industry’s long-term prospects. That’s why he is opting to pursue his claim against BP in court rather than settle for a quick payout from the company’s fund, as many of his fellow fishermen have done.

Still, he said he’s grateful to be back on the water doing the job he has done for 40 years. He hauled in about 2,000 pounds (907 kilograms) of shrimp in three days, enough for a modest profit.

“It feels good,” said Petrie, 50. “A fisherman has it in their blood. They just like to do it.”

Seventeen family members, one Transocean official and two pilots were aboard the chopper that flew the families to the site for the three-hour round-trip. Transocean had invited up to three members of each family to attend the flyover, but some families declined.

Janet Woodson, whose brother Aaron Burkeen was killed on the rig, also was on the helicopter ride.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Relatives flew over Gulf of Mexico waters Wednesday Obama vowed to hold BP and others accountable – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports Relatives flew over Gulf of Mexico waters Wednesday where 11 oil rig workers died a year ago, residents gathered in prayer vigils onshore and President Barack Obama vowed to hold BP and others accountable for “the painful losses that they’ve caused.”

Even as sombre remembrances marked the first anniversary of the worst offshore oil spill in American history, there were reminders that lengthy legal battles lay ahead. BP filed a lawsuit alleging negligence by the maker of the device that failed to stop the spill and the rig owner. Both filed their own claims.

The disaster began on the night of April 20, 2010, when the Deepwater Horizon rig burst into flames and killed the 11 men. The rest of the crew evacuated, but two days later the rig toppled into the Gulf and sank to the sea floor. Over the next 85 days, 206 million gallons (780 million litres) of oil — 19 times more than the Exxon Valdez spilled — spewed from the well.

In a statement, Transocean called BP’s lawsuit “desperate,” ”specious,” and “unconscionable.”

“The Deepwater Horizon was a world-class drilling rig manned by a top-flight crew that was put in jeopardy by BP, the operator of the Macondo well, thorough a series of cost-saving decisions that increased risk — in some cases, severely,” Transocean said.

Parents, siblings and wives of the workers — whose bodies were never recovered — boarded a helicopter Wednesday to see the waters where their loved ones perished. The helicopter took them from New Orleans out to the well site, circled around so that people on both sides of the aircraft could see and then returned to shore, said Arleen Weise, whose son, Adam, was killed on the rig. The only indication they were at the site was an announcement from the pilot, she said.

“It was just a little emotional, seeing where they were,” Weise said by phone from Houston, where rig owner Transocean planned an evening memorial service.

Asked what went through her mind when she saw where the rig went down, Weise said, “Just rise up. I wanted them to come up, but it didn’t happen.”

In a statement, President Barack Obama paid tribute to those killed in the blast and said that despite significant progress toward mitigating the spill’s worst impacts, “the job isn’t done.”

“We continue to hold BP and other responsible parties fully accountable for the damage they’ve done and the painful losses that they’ve caused,” he said.

BP said in its lawsuit filed in federal court in New Orleans that Cameron International provided a blowout preventer with a faulty design, alleging that negligence by the manufacturer helped cause the disaster. The suit seeks damages to help BP pay for the tens of billions of dollars in liabilities it has incurred from the disaster.

BP sued rig owner Transocean for at least $40 billion in damages, accusing it of causing last year’s deadly blowout. BP says every single safety system and device and well control procedure on the Deepwater Horizon rig failed.

Houston-based Cameron noted in a statement emailed to AP that Wednesday was the deadline under the relevant statute for all parties to file claims against each other. It said that it has filed claims of its own to protect itself.

Also Wednesday, Transocean filed court papers demanding that judgments be made against BP, Cameron and other companies in its favour.

An email to Transocean about the BP lawsuit was not immediately answered.

A presidential commission has concluded that a cascade of technical and managerial failures — including a faulty cement job — caused the disaster. BP, the oil giant which owns the blown-out well, has paid billions in cleanup costs and to compensate victims. The company has estimated its total liability at $40.9 billion, but it might have to pay many billions more, especially if its officials were to be found criminally negligent in still pending investigations and trials. For now, though, the company has rebounded relatively well, with its stock now just 20 per cent below its pre-spill value.

At a candle-lit ceremony in New Orleans’ Jackson Square shortly after sunrise, environmentalists and religious leaders joined to remember the perished rig workers and call on the nation to take the steps to prevent another environmental catastrophe.

“Our souls are slumbering in moral indifference,” said Rabbi Edward Cohn of the Temple Sinai in New Orleans. “People quite rightly are asking: How and when, and by whose insistence and stubborn support, will the public’s mind be refocused upon what happened in the Gulf?”

Elsewhere around the world, BP employees were observing a minute of silence.

“We are committed to meet our obligations to those affected by this tragedy and we will continue our work to strengthen safety and risk management across BP,” BP chief executive Bob Dudley said in a message on the company’s website. “But most of all today, we remember 11 fellow workers and we deeply regret the loss of their lives.”

The solemn ceremonies underscore the delicate healing that is only now taking shape. Oil still occasionally rolls up on beaches in the form of tar balls, and fishermen face an uncertain future.

Louis and Audrey Neal of Mississippi who make their living from crabbing, said it’s gotten so bad since the spill that they’re contemplating divorce and facing foreclosure.

“I don’t see any daylight at the end of this tunnel. I don’t see any hope at all. We thought we’d see hope after a year, but there’s nothing,” Audrey Neal said.

“We ain’t making no money. There’s no crabs,” said Louis Neal, a lifelong crabber.

His wife said the couple received about $53,000 from BP early on, but that was just enough money to cover three months of debt. They haven’t received any funds from an administrator handing out compensation from a $20 billion fund set up by BP, they said.

Still, there are some signs that normalcy is returning. Traffic jams on the narrow coastal roads of Alabama, crowded seafood restaurants in Florida and families vacationing along the Louisiana coast attest to the fact that familiar routines are returning, albeit slowly.

John Williams spent the oil spill anniversary trying to catch mackerel on the fishing pier at Gulf State Park in Gulf Shores, Ala. Hundreds lined the pier.

The state banned anglers from keeping their catch off the pier last year because of the oil, but coolers were full of big redfish and king mackerel on Wednesday.

“People will be back. It’s pretty down here, and it’s good to be out here,” said Williams, of Daphne.

Members of 10 Alabama churches gathered on a public beach in Orange Beach, Alabama during a daylong prayer vigil. As families played in the surf and BP cleanup workers scoured the beach a few miles west for tarballs, Abe Feingold sat under an awning with friends and said a prayer.

“It’s for BP not to forget us,” said Feingold, of Orange Beach. “If they keep reimbursing people, we’ll recover.”

Most scientists agree that environmental damage wasn’t as bad as some predicted, said Christopher D’Elia, dean at the School of the Coast and Environment at Louisiana State University. But biologists are still concerned about the spill’s long-term effect on marine life.

Accumulated oil is believed to lie on the bottom of the Gulf, and it still shows up as a thick, gooey black crust along miles of Louisiana’s marshy shoreline. Scientists have begun to notice that the land in many places is eroding, and plants have been damaged.

Louisiana Gov. Bobby Jindal said more than 300 miles (482 kilometres) of Louisiana coastline continues to see some BP oil. He was joined by the presidents of six coastal parishes for a commemoration on Grand Isle, a coastal barrier island that took major impact from the oil

Playing on a theme in BP’s advertising during the spill, Jindal urged the company to continue to fund coastal restoration and to speed up claims payments to those affected by the oil. “We continue to call on BP to fulfil the promises of their ads. We continue to call on BP to truly make it right.”

Earlier Wednesday, Ted Petrie, back from his first shrimping run since the spill, docked his boat at the Grand Isle marina.

He said he worries about the Gulf fishing industry’s long-term prospects. That’s why he is opting to pursue his claim against BP in court rather than settle for a quick payout from the company’s fund, as many of his fellow fishermen have done.

Still, he said he’s grateful to be back on the water doing the job he has done for 40 years. He hauled in about 2,000 pounds (907 kilograms) of shrimp in three days, enough for a modest profit.

“It feels good,” said Petrie, 50. “A fisherman has it in their blood. They just like to do it.”

Seventeen family members, one Transocean official and two pilots were aboard the chopper that flew the families to the site for the three-hour round-trip. Transocean had invited up to three members of each family to attend the flyover, but some families declined.

Janet Woodson, whose brother Aaron Burkeen was killed on the rig, also was on the helicopter ride.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Relatives flew over Gulf of Mexico waters Wednesday Obama vowed to hold BP and others accountable – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports Relatives flew over Gulf of Mexico waters Wednesday where 11 oil rig workers died a year ago, residents gathered in prayer vigils onshore and President Barack Obama vowed to hold BP and others accountable for “the painful losses that they’ve caused.”

Even as sombre remembrances marked the first anniversary of the worst offshore oil spill in American history, there were reminders that lengthy legal battles lay ahead. BP filed a lawsuit alleging negligence by the maker of the device that failed to stop the spill and the rig owner. Both filed their own claims.

The disaster began on the night of April 20, 2010, when the Deepwater Horizon rig burst into flames and killed the 11 men. The rest of the crew evacuated, but two days later the rig toppled into the Gulf and sank to the sea floor. Over the next 85 days, 206 million gallons (780 million litres) of oil — 19 times more than the Exxon Valdez spilled — spewed from the well.

In a statement, Transocean called BP’s lawsuit “desperate,” ”specious,” and “unconscionable.”

“The Deepwater Horizon was a world-class drilling rig manned by a top-flight crew that was put in jeopardy by BP, the operator of the Macondo well, thorough a series of cost-saving decisions that increased risk — in some cases, severely,” Transocean said.

Parents, siblings and wives of the workers — whose bodies were never recovered — boarded a helicopter Wednesday to see the waters where their loved ones perished. The helicopter took them from New Orleans out to the well site, circled around so that people on both sides of the aircraft could see and then returned to shore, said Arleen Weise, whose son, Adam, was killed on the rig. The only indication they were at the site was an announcement from the pilot, she said.

“It was just a little emotional, seeing where they were,” Weise said by phone from Houston, where rig owner Transocean planned an evening memorial service.

Asked what went through her mind when she saw where the rig went down, Weise said, “Just rise up. I wanted them to come up, but it didn’t happen.”

In a statement, President Barack Obama paid tribute to those killed in the blast and said that despite significant progress toward mitigating the spill’s worst impacts, “the job isn’t done.”

“We continue to hold BP and other responsible parties fully accountable for the damage they’ve done and the painful losses that they’ve caused,” he said.

BP said in its lawsuit filed in federal court in New Orleans that Cameron International provided a blowout preventer with a faulty design, alleging that negligence by the manufacturer helped cause the disaster. The suit seeks damages to help BP pay for the tens of billions of dollars in liabilities it has incurred from the disaster.

BP sued rig owner Transocean for at least $40 billion in damages, accusing it of causing last year’s deadly blowout. BP says every single safety system and device and well control procedure on the Deepwater Horizon rig failed.

Houston-based Cameron noted in a statement emailed to AP that Wednesday was the deadline under the relevant statute for all parties to file claims against each other. It said that it has filed claims of its own to protect itself.

Also Wednesday, Transocean filed court papers demanding that judgments be made against BP, Cameron and other companies in its favour.

An email to Transocean about the BP lawsuit was not immediately answered.

A presidential commission has concluded that a cascade of technical and managerial failures — including a faulty cement job — caused the disaster. BP, the oil giant which owns the blown-out well, has paid billions in cleanup costs and to compensate victims. The company has estimated its total liability at $40.9 billion, but it might have to pay many billions more, especially if its officials were to be found criminally negligent in still pending investigations and trials. For now, though, the company has rebounded relatively well, with its stock now just 20 per cent below its pre-spill value.

At a candle-lit ceremony in New Orleans’ Jackson Square shortly after sunrise, environmentalists and religious leaders joined to remember the perished rig workers and call on the nation to take the steps to prevent another environmental catastrophe.

“Our souls are slumbering in moral indifference,” said Rabbi Edward Cohn of the Temple Sinai in New Orleans. “People quite rightly are asking: How and when, and by whose insistence and stubborn support, will the public’s mind be refocused upon what happened in the Gulf?”

Elsewhere around the world, BP employees were observing a minute of silence.

“We are committed to meet our obligations to those affected by this tragedy and we will continue our work to strengthen safety and risk management across BP,” BP chief executive Bob Dudley said in a message on the company’s website. “But most of all today, we remember 11 fellow workers and we deeply regret the loss of their lives.”

The solemn ceremonies underscore the delicate healing that is only now taking shape. Oil still occasionally rolls up on beaches in the form of tar balls, and fishermen face an uncertain future.

Louis and Audrey Neal of Mississippi who make their living from crabbing, said it’s gotten so bad since the spill that they’re contemplating divorce and facing foreclosure.

“I don’t see any daylight at the end of this tunnel. I don’t see any hope at all. We thought we’d see hope after a year, but there’s nothing,” Audrey Neal said.

“We ain’t making no money. There’s no crabs,” said Louis Neal, a lifelong crabber.

His wife said the couple received about $53,000 from BP early on, but that was just enough money to cover three months of debt. They haven’t received any funds from an administrator handing out compensation from a $20 billion fund set up by BP, they said.

Still, there are some signs that normalcy is returning. Traffic jams on the narrow coastal roads of Alabama, crowded seafood restaurants in Florida and families vacationing along the Louisiana coast attest to the fact that familiar routines are returning, albeit slowly.

John Williams spent the oil spill anniversary trying to catch mackerel on the fishing pier at Gulf State Park in Gulf Shores, Ala. Hundreds lined the pier.

The state banned anglers from keeping their catch off the pier last year because of the oil, but coolers were full of big redfish and king mackerel on Wednesday.

“People will be back. It’s pretty down here, and it’s good to be out here,” said Williams, of Daphne.

Members of 10 Alabama churches gathered on a public beach in Orange Beach, Alabama during a daylong prayer vigil. As families played in the surf and BP cleanup workers scoured the beach a few miles west for tarballs, Abe Feingold sat under an awning with friends and said a prayer.

“It’s for BP not to forget us,” said Feingold, of Orange Beach. “If they keep reimbursing people, we’ll recover.”

Most scientists agree that environmental damage wasn’t as bad as some predicted, said Christopher D’Elia, dean at the School of the Coast and Environment at Louisiana State University. But biologists are still concerned about the spill’s long-term effect on marine life.

Accumulated oil is believed to lie on the bottom of the Gulf, and it still shows up as a thick, gooey black crust along miles of Louisiana’s marshy shoreline. Scientists have begun to notice that the land in many places is eroding, and plants have been damaged.

Louisiana Gov. Bobby Jindal said more than 300 miles (482 kilometres) of Louisiana coastline continues to see some BP oil. He was joined by the presidents of six coastal parishes for a commemoration on Grand Isle, a coastal barrier island that took major impact from the oil

Playing on a theme in BP’s advertising during the spill, Jindal urged the company to continue to fund coastal restoration and to speed up claims payments to those affected by the oil. “We continue to call on BP to fulfil the promises of their ads. We continue to call on BP to truly make it right.”

Earlier Wednesday, Ted Petrie, back from his first shrimping run since the spill, docked his boat at the Grand Isle marina.

He said he worries about the Gulf fishing industry’s long-term prospects. That’s why he is opting to pursue his claim against BP in court rather than settle for a quick payout from the company’s fund, as many of his fellow fishermen have done.

Still, he said he’s grateful to be back on the water doing the job he has done for 40 years. He hauled in about 2,000 pounds (907 kilograms) of shrimp in three days, enough for a modest profit.

“It feels good,” said Petrie, 50. “A fisherman has it in their blood. They just like to do it.”

Seventeen family members, one Transocean official and two pilots were aboard the chopper that flew the families to the site for the three-hour round-trip. Transocean had invited up to three members of each family to attend the flyover, but some families declined.

Janet Woodson, whose brother Aaron Burkeen was killed on the rig, also was on the helicopter ride.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Stocks moved higher at the start of trading on Thursday – Dominion Lending Centres Clearlease

Stocks moved higher at the start of trading on Thursday – Dominion Lending Centres Clearlease

Stocks moved higher at the start of trading on Thursday – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports Stocks moved higher at the start of trading on Thursday, extending the substantial upward move that was seen in the previous session. The major averages all moved to the upside, with the Dow rising to its best intraday level in almost three years.

The initial strength in the market came on the heels of another batch of largely upbeat earnings news, although buying interest has remained somewhat subdued following the release of a Labor Department report showing a smaller than expected drop in weekly jobless claims.

The Labor Department said initial jobless claims fell to 403,000 in the week ended April 16th from the previous week’s revised figure of 416,000, while economists had expected jobless claims to fall to 390,000 from the 412,000 originally reported for the previous week.

However, shares of Apple (AAPL) have shown a notable upward move after the iPad and iPhone maker reported much better than expected second quarter earnings on significant sales growth.

Apple reported second quarter earnings of $6.40 per share on net sales of $24.67 billion compared to earnings of $3.33 per share on net sales of $13.50 billion in the year-ago quarter. Analysts had expected the company to earn $5.36 per share on $23.34 billion in net sales.

Meanwhile, General Electric (GE) has moved lower despite reporting first quarter adjusted earnings of $0.33 per share on revenues of $38.45 billion compared to analyst estimates for earnings of $0.28 per share on revenues of $34.64 billion.

GE also raised its quarterly dividend by $0.01 to $0.15 per share effective in the third quarter. This is the third dividend increase declared in the last 12 months, the company said.

A number of other big-name companies have also recently released their quarterly results, including Dow components America Express (AXP), DuPont (DD), McDonald’s (MCD), Verizon (VZ), Honeywell (HON) and Travelers (TRV).

Health insurance stocks are seeing considerable strength in early trading, with UnitedHealth (UNH) leading the way higher after reporting much better than expected first quarter earnings and raising its full year earnings guidance.

While brokerage, gold, and oil service stocks are also seeing early strength, most of the other major sectors are showing more modest moves.

The major averages have recently pulled back off their highs for the young session but are currently posting modest gains. The Dow is up 10.29 points or 0.1 percent at 12,463.83, the Nasdaq is up 8.59 points or 0.3 percent at 2,811.10 and the S&P 500 is up 4.52 points or 0.3 percent at 1,334.88.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Stocks moved higher at the start of trading on Thursday – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports Stocks moved higher at the start of trading on Thursday, extending the substantial upward move that was seen in the previous session. The major averages all moved to the upside, with the Dow rising to its best intraday level in almost three years.

The initial strength in the market came on the heels of another batch of largely upbeat earnings news, although buying interest has remained somewhat subdued following the release of a Labor Department report showing a smaller than expected drop in weekly jobless claims.

The Labor Department said initial jobless claims fell to 403,000 in the week ended April 16th from the previous week’s revised figure of 416,000, while economists had expected jobless claims to fall to 390,000 from the 412,000 originally reported for the previous week.

However, shares of Apple (AAPL) have shown a notable upward move after the iPad and iPhone maker reported much better than expected second quarter earnings on significant sales growth.

Apple reported second quarter earnings of $6.40 per share on net sales of $24.67 billion compared to earnings of $3.33 per share on net sales of $13.50 billion in the year-ago quarter. Analysts had expected the company to earn $5.36 per share on $23.34 billion in net sales.

Meanwhile, General Electric (GE) has moved lower despite reporting first quarter adjusted earnings of $0.33 per share on revenues of $38.45 billion compared to analyst estimates for earnings of $0.28 per share on revenues of $34.64 billion.

GE also raised its quarterly dividend by $0.01 to $0.15 per share effective in the third quarter. This is the third dividend increase declared in the last 12 months, the company said.

A number of other big-name companies have also recently released their quarterly results, including Dow components America Express (AXP), DuPont (DD), McDonald’s (MCD), Verizon (VZ), Honeywell (HON) and Travelers (TRV).

Health insurance stocks are seeing considerable strength in early trading, with UnitedHealth (UNH) leading the way higher after reporting much better than expected first quarter earnings and raising its full year earnings guidance.

While brokerage, gold, and oil service stocks are also seeing early strength, most of the other major sectors are showing more modest moves.

The major averages have recently pulled back off their highs for the young session but are currently posting modest gains. The Dow is up 10.29 points or 0.1 percent at 12,463.83, the Nasdaq is up 8.59 points or 0.3 percent at 2,811.10 and the S&P 500 is up 4.52 points or 0.3 percent at 1,334.88.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Stocks moved higher at the start of trading on Thursday – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports Stocks moved higher at the start of trading on Thursday, extending the substantial upward move that was seen in the previous session. The major averages all moved to the upside, with the Dow rising to its best intraday level in almost three years.

The initial strength in the market came on the heels of another batch of largely upbeat earnings news, although buying interest has remained somewhat subdued following the release of a Labor Department report showing a smaller than expected drop in weekly jobless claims.

The Labor Department said initial jobless claims fell to 403,000 in the week ended April 16th from the previous week’s revised figure of 416,000, while economists had expected jobless claims to fall to 390,000 from the 412,000 originally reported for the previous week.

However, shares of Apple (AAPL) have shown a notable upward move after the iPad and iPhone maker reported much better than expected second quarter earnings on significant sales growth.

Apple reported second quarter earnings of $6.40 per share on net sales of $24.67 billion compared to earnings of $3.33 per share on net sales of $13.50 billion in the year-ago quarter. Analysts had expected the company to earn $5.36 per share on $23.34 billion in net sales.

Meanwhile, General Electric (GE) has moved lower despite reporting first quarter adjusted earnings of $0.33 per share on revenues of $38.45 billion compared to analyst estimates for earnings of $0.28 per share on revenues of $34.64 billion.

GE also raised its quarterly dividend by $0.01 to $0.15 per share effective in the third quarter. This is the third dividend increase declared in the last 12 months, the company said.

A number of other big-name companies have also recently released their quarterly results, including Dow components America Express (AXP), DuPont (DD), McDonald’s (MCD), Verizon (VZ), Honeywell (HON) and Travelers (TRV).

Health insurance stocks are seeing considerable strength in early trading, with UnitedHealth (UNH) leading the way higher after reporting much better than expected first quarter earnings and raising its full year earnings guidance.

While brokerage, gold, and oil service stocks are also seeing early strength, most of the other major sectors are showing more modest moves.

The major averages have recently pulled back off their highs for the young session but are currently posting modest gains. The Dow is up 10.29 points or 0.1 percent at 12,463.83, the Nasdaq is up 8.59 points or 0.3 percent at 2,811.10 and the S&P 500 is up 4.52 points or 0.3 percent at 1,334.88.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Citytv is serving up brand new seasons of the hottest Summer primetime series packed with plenty of romance, reality, talent, intrigue and larger-than-life personalities – Dominion Lending Centres Clearlease

Citytv is serving up brand new seasons of the hottest Summer primetime series packed with plenty of romance, reality, talent, intrigue and larger-than-life personalities – Dominion Lending Centres Clearlease

Citytv is serving up brand new seasons of the hottest Summer primetime series packed with plenty of romance, reality, talent, intrigue and larger-than-life personalities – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 20, 2011) Clearlease.com Reports: Citytv is serving up brand new seasons of the hottest Summer primetime series packed with plenty of romance, reality, talent, intrigue and larger-than-life personalities. See below for Citytv’s summer primetime schedule.

(a) IN THE SEASON PREMIERE OF THE BACHELORETTE, FIND OUT IF ASHLEY WILL FIND LOVE AFTER BRAD (05/23)

(b) PREPARE TO BE WOWED BY A NEW CROP OF CONTESTANTS ON AMERICA’S GOT TALENT (05/31)

(c) DETECTIVE MURDOCH SERVES UP SOME GOOD OLD FASHIONED JUSTICE IN THE SEASON 4 PREMIERE OF MURDOCH MYSTERIES (06/07)

(d) BACHELOR PAD GETS A WHOLE LOT HOTTER THIS SUMMER (08/08)

(e) CATCH NEW SERIES PREMIERE EXTREME MAKEOVER: WEIGHT LOSS EDITION (5/30)

“The viewer response to America’s Got Talent on Citytv last summer was tremendous,” commented Malcolm Dunlop, Executive Vice President, Programming, Rogers Media Television. “We are confident that Citytv will be the station to watch all summer long, with new seasons of hit favourites like AGT and The Bachelorette coupled with the fresh series Extreme Makeover: Weight Loss Edition.”

Citytv Summer primetime premiere dates are as follows: (listed in chronological order):

The Bachelorette, Season 7 (s/ABC) premieres Monday, May 23 at 9pm ET/PT (8CT,10MT)
**Special Time**The Bachelorette will return to its regular time slot Monday, May 30 at 8pm ET/PT (7CT, 9MT)

Ashley Hebert, 26, couldn’t admit she was in love with Brad Womack – and it might have cost her the final rose – but that’s all in the past. The energetic and vivacious Hebert, who is ready to start a new life with a soul mate she might soon meet, will get a second chance at love when she stars in the seventh edition of The Bachelorette, hosted by Chris Harrison.

Extreme Makeover: Weight Loss Edition, (s/ABC) premieres Monday, May 30 at 10pm ET/PT (9CT, 8MT)
In a unique, non-competitive show about weight loss – unlike anything seen on television – Extreme Makeover: Weight Loss Edition will document the amazing makeover of eight courageous, “super obese” people. In an unprecedented 365 days, these individuals set out to safely lose half of their body weight, ultimately revealing an amazing metamorphosis. In each of the eight one-hour episodes, the participants undergo a transformation not only of their bodies, but of who they are as individuals. Trainer and transformation specialist Chris Powell (The 650-Pound Virgin) will guide each of the eight participants through their transformation process by moving into their homes with their families or loved ones. By assuring that they have the proper nourishment and exercise movement, Chris will provide a fresh perspective to individuals whose lives have become unmanageable because of their weight.

America’s Got Talent, Season 6 (s/NBC) premieres Tuesday, May 31 at 9pm ET/PT (8CT, 9MT) with a second episode each week on Wednesdays at 9pm ET/PT (8CT, 10MT) starting June 1 (s/NBC)
America’s Got Talent, returns this summer with the hottest performers from across the country ready to compete in the blockbuster reality show’s sixth season. Celebrity judges Howie Mandel, Sharon Osbourne and Piers Morgan return, while actor/producer/comedian Nick Cannon returns as host. With the talent search open to acts of all ages, America’s Got Talent has brought the variety format back to the forefront of American culture by showcasing performers from across the country. The series is a true celebration of all talents, featuring a colourful array of hopeful stars, including singers, dancers, comedians, contortionists, impressionists, jugglers, magicians and ventriloquists, all vying for their chance to strut and perform on stage hoping to win America’s hearts — and the $1 million prize.

Murdoch Mysteries, Season 4 premieres Tuesday, June 7 at 8pm ET/PT/MT (7CT) Set in late 1890s Toronto, Murdoch Mysteries explores the intriguing world of William Murdoch (Yannick Bisson, Sue Thomas F.B. Eye), a handsome detective using radical forensic techniques for the time to solve some of the city’s most gruesome murders. The fourth season will throw some difficult challenges Detective Murdoch’s way. To start, pathologist Dr. Julia Ogden (Hélène Joy, Durham County), who departed Toronto for a new job at the Children’s Hospital of Buffalo at the end of season three, may have found a compelling reason to stay in the United States. Her replacement, the ill-tempered Dr. Francis (Paul Rhys; Being Human) from Scotland Yard, will clash frequently with the even-tempered Murdoch. In other episodes, an old flame returns to pay Murdoch a visit under tragic circumstances; a crime spree leads Murdoch to a mysterious wise woman (Lisa Ray; Bollywood Top Ten Best) at a Gypsy camp; elusive spy Terence Meyers (Peter Keleghan) reappears when Murdoch investigates a case that could threaten Canadian-American relations; and a wedding takes place in the season finale…but who will be walking down the aisle? Featuring special guest stars including Victor Garber, Leah Pinsent, Lisa Faulkner, Craig Olejnik (The Listener) and a cameo appearance from Prime Minister Stephen Harper. See all this and more in the much anticipated fourth season of Murdoch Mysteries.

Hell’s Kitchen, Season 9, premieres Tuesday, July 19 at 8pm ET/PT (7CT, 8MT)
Gordon Ramsay, the Michelin-starred chef that contestants love to hate returns for a ninth action-packed season. Back behind the hotplate and cooking on gas, Gordon is certain to make temperatures rise as more restaurateur hopefuls pit their wits and cooking skills against each other, under his watchful eye. The prize for the lucky winner is the chance to run their own restaurant.

Marriage Ref, Season 2 (s/NBC), premieres Sunday, June 26 at 10pm (9CT, 7MT)
The Marriage Ref has Jerry Seinfeld back and in the producer’s chair for an all-new and improved second season. In this revealing comedy panel series, real-life married couples take centre stage as their quirky, funny, and relatable disputes are explored, examined — and ultimately judged. New for this season, couples will appear in-studio and face a panel of “experts” composed of top celebrities and comedians who weigh-in and decide which spouse is right. This will give couples something they have always wanted but have never had — a clear winner. At the end of each episode, the studio audience will vote to make one of the winners “The Rightest of the Right.” That person will receive $25,000 and their own billboard, in their hometown, declaring they are right. Comedian Tom Papa (The Informant!) returns as the host and the “ref.”

Bachelor Pad, Season 2 (s/ABC) premieres Monday, August 8 at 8pm (7CT, 9MT)
Fan-favourites, arch-rivals, villains, and the sexiest participants from the hugely successful Bachelor franchise reunite under one roof in a competitive reality series for a “second chance” at love as Bachelor Pad returns for a second season. At the end of the season, see who will emerge victorious to take home a cash prize … and maybe even find “the one.”

* schedule subject to change

Images and show information available at www.rogersmediatv.ca.
To Tweet this release: http://ow.ly/4Eowl

Check out Citytv.com for full episodes and exciting extras from some of your favourite Citytv programming, available 24 – 48 hours post broadcast. You can now also catch up on your iPad by downloading the free Citytv video app on iTunes. Breakfast Television Toronto streams live online and on the Citytv iPAD app from 6:00 am to 9:00am.

Citytv, with stations in Toronto, Vancouver, Calgary, Edmonton and Winnipeg, broadcasts intensely-local, urban-oriented, culturally-diverse television in its own unique, interactive style. With its strong local voice, Citytv offers a distinct alternative to other conventional television offerings. Its instantly recognizable ‘look’ and ‘sound’ are the product of refreshingly different on-air personalities, unique program formats and high television style. Citytv is a division of Rogers Media Inc., a division of Rogers Communications Inc. (TSX: RCI and NYSE: RCI) which is a diversified Canadian communications and media company.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Citytv is serving up brand new seasons of the hottest Summer primetime series packed with plenty of romance, reality, talent, intrigue and larger-than-life personalities – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports: Citytv is serving up brand new seasons of the hottest Summer primetime series packed with plenty of romance, reality, talent, intrigue and larger-than-life personalities. See below for Citytv’s summer primetime schedule.

(a) IN THE SEASON PREMIERE OF THE BACHELORETTE, FIND OUT IF ASHLEY WILL FIND LOVE AFTER BRAD (05/23)

(b) PREPARE TO BE WOWED BY A NEW CROP OF CONTESTANTS ON AMERICA’S GOT TALENT (05/31)

(c) DETECTIVE MURDOCH SERVES UP SOME GOOD OLD FASHIONED JUSTICE IN THE SEASON 4 PREMIERE OF MURDOCH MYSTERIES (06/07)

(d) BACHELOR PAD GETS A WHOLE LOT HOTTER THIS SUMMER (08/08)

(e) CATCH NEW SERIES PREMIERE EXTREME MAKEOVER: WEIGHT LOSS EDITION (5/30)

“The viewer response to America’s Got Talent on Citytv last summer was tremendous,” commented Malcolm Dunlop, Executive Vice President, Programming, Rogers Media Television. “We are confident that Citytv will be the station to watch all summer long, with new seasons of hit favourites like AGT and The Bachelorette coupled with the fresh series Extreme Makeover: Weight Loss Edition.”

Citytv Summer primetime premiere dates are as follows: (listed in chronological order):

The Bachelorette, Season 7 (s/ABC) premieres Monday, May 23 at 9pm ET/PT (8CT,10MT)
**Special Time**The Bachelorette will return to its regular time slot Monday, May 30 at 8pm ET/PT (7CT, 9MT)

Ashley Hebert, 26, couldn’t admit she was in love with Brad Womack – and it might have cost her the final rose – but that’s all in the past. The energetic and vivacious Hebert, who is ready to start a new life with a soul mate she might soon meet, will get a second chance at love when she stars in the seventh edition of The Bachelorette, hosted by Chris Harrison.

Extreme Makeover: Weight Loss Edition, (s/ABC) premieres Monday, May 30 at 10pm ET/PT (9CT, 8MT)
In a unique, non-competitive show about weight loss – unlike anything seen on television – Extreme Makeover: Weight Loss Edition will document the amazing makeover of eight courageous, “super obese” people. In an unprecedented 365 days, these individuals set out to safely lose half of their body weight, ultimately revealing an amazing metamorphosis. In each of the eight one-hour episodes, the participants undergo a transformation not only of their bodies, but of who they are as individuals. Trainer and transformation specialist Chris Powell (The 650-Pound Virgin) will guide each of the eight participants through their transformation process by moving into their homes with their families or loved ones. By assuring that they have the proper nourishment and exercise movement, Chris will provide a fresh perspective to individuals whose lives have become unmanageable because of their weight.

America’s Got Talent, Season 6 (s/NBC) premieres Tuesday, May 31 at 9pm ET/PT (8CT, 9MT) with a second episode each week on Wednesdays at 9pm ET/PT (8CT, 10MT) starting June 1 (s/NBC)
America’s Got Talent, returns this summer with the hottest performers from across the country ready to compete in the blockbuster reality show’s sixth season. Celebrity judges Howie Mandel, Sharon Osbourne and Piers Morgan return, while actor/producer/comedian Nick Cannon returns as host. With the talent search open to acts of all ages, America’s Got Talent has brought the variety format back to the forefront of American culture by showcasing performers from across the country. The series is a true celebration of all talents, featuring a colourful array of hopeful stars, including singers, dancers, comedians, contortionists, impressionists, jugglers, magicians and ventriloquists, all vying for their chance to strut and perform on stage hoping to win America’s hearts — and the $1 million prize.

Murdoch Mysteries, Season 4 premieres Tuesday, June 7 at 8pm ET/PT/MT (7CT) Set in late 1890s Toronto, Murdoch Mysteries explores the intriguing world of William Murdoch (Yannick Bisson, Sue Thomas F.B. Eye), a handsome detective using radical forensic techniques for the time to solve some of the city’s most gruesome murders. The fourth season will throw some difficult challenges Detective Murdoch’s way. To start, pathologist Dr. Julia Ogden (Hélène Joy, Durham County), who departed Toronto for a new job at the Children’s Hospital of Buffalo at the end of season three, may have found a compelling reason to stay in the United States. Her replacement, the ill-tempered Dr. Francis (Paul Rhys; Being Human) from Scotland Yard, will clash frequently with the even-tempered Murdoch. In other episodes, an old flame returns to pay Murdoch a visit under tragic circumstances; a crime spree leads Murdoch to a mysterious wise woman (Lisa Ray; Bollywood Top Ten Best) at a Gypsy camp; elusive spy Terence Meyers (Peter Keleghan) reappears when Murdoch investigates a case that could threaten Canadian-American relations; and a wedding takes place in the season finale…but who will be walking down the aisle? Featuring special guest stars including Victor Garber, Leah Pinsent, Lisa Faulkner, Craig Olejnik (The Listener) and a cameo appearance from Prime Minister Stephen Harper. See all this and more in the much anticipated fourth season of Murdoch Mysteries.

Hell’s Kitchen, Season 9, premieres Tuesday, July 19 at 8pm ET/PT (7CT, 8MT)
Gordon Ramsay, the Michelin-starred chef that contestants love to hate returns for a ninth action-packed season. Back behind the hotplate and cooking on gas, Gordon is certain to make temperatures rise as more restaurateur hopefuls pit their wits and cooking skills against each other, under his watchful eye. The prize for the lucky winner is the chance to run their own restaurant.

Marriage Ref, Season 2 (s/NBC), premieres Sunday, June 26 at 10pm (9CT, 7MT)
The Marriage Ref has Jerry Seinfeld back and in the producer’s chair for an all-new and improved second season. In this revealing comedy panel series, real-life married couples take centre stage as their quirky, funny, and relatable disputes are explored, examined — and ultimately judged. New for this season, couples will appear in-studio and face a panel of “experts” composed of top celebrities and comedians who weigh-in and decide which spouse is right. This will give couples something they have always wanted but have never had — a clear winner. At the end of each episode, the studio audience will vote to make one of the winners “The Rightest of the Right.” That person will receive $25,000 and their own billboard, in their hometown, declaring they are right. Comedian Tom Papa (The Informant!) returns as the host and the “ref.”

Bachelor Pad, Season 2 (s/ABC) premieres Monday, August 8 at 8pm (7CT, 9MT)
Fan-favourites, arch-rivals, villains, and the sexiest participants from the hugely successful Bachelor franchise reunite under one roof in a competitive reality series for a “second chance” at love as Bachelor Pad returns for a second season. At the end of the season, see who will emerge victorious to take home a cash prize … and maybe even find “the one.”

* schedule subject to change

Images and show information available at www.rogersmediatv.ca.
To Tweet this release: http://ow.ly/4Eowl

Check out Citytv.com for full episodes and exciting extras from some of your favourite Citytv programming, available 24 – 48 hours post broadcast. You can now also catch up on your iPad by downloading the free Citytv video app on iTunes. Breakfast Television Toronto streams live online and on the Citytv iPAD app from 6:00 am to 9:00am.

Citytv, with stations in Toronto, Vancouver, Calgary, Edmonton and Winnipeg, broadcasts intensely-local, urban-oriented, culturally-diverse television in its own unique, interactive style. With its strong local voice, Citytv offers a distinct alternative to other conventional television offerings. Its instantly recognizable ‘look’ and ‘sound’ are the product of refreshingly different on-air personalities, unique program formats and high television style. Citytv is a division of Rogers Media Inc., a division of Rogers Communications Inc. (TSX: RCI and NYSE: RCI) which is a diversified Canadian communications and media company.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Citytv is serving up brand new seasons of the hottest Summer primetime series packed with plenty of romance, reality, talent, intrigue and larger-than-life personalities – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 20, 2011) Clearlease.com Reports: Citytv is serving up brand new seasons of the hottest Summer primetime series packed with plenty of romance, reality, talent, intrigue and larger-than-life personalities. See below for Citytv’s summer primetime schedule.

(a) IN THE SEASON PREMIERE OF THE BACHELORETTE, FIND OUT IF ASHLEY WILL FIND LOVE AFTER BRAD (05/23)

(b) PREPARE TO BE WOWED BY A NEW CROP OF CONTESTANTS ON AMERICA’S GOT TALENT (05/31)

(c) DETECTIVE MURDOCH SERVES UP SOME GOOD OLD FASHIONED JUSTICE IN THE SEASON 4 PREMIERE OF MURDOCH MYSTERIES (06/07)

(d) BACHELOR PAD GETS A WHOLE LOT HOTTER THIS SUMMER (08/08)

(e) CATCH NEW SERIES PREMIERE EXTREME MAKEOVER: WEIGHT LOSS EDITION (5/30)

“The viewer response to America’s Got Talent on Citytv last summer was tremendous,” commented Malcolm Dunlop, Executive Vice President, Programming, Rogers Media Television. “We are confident that Citytv will be the station to watch all summer long, with new seasons of hit favourites like AGT and The Bachelorette coupled with the fresh series Extreme Makeover: Weight Loss Edition.”

Citytv Summer primetime premiere dates are as follows: (listed in chronological order):

The Bachelorette, Season 7 (s/ABC) premieres Monday, May 23 at 9pm ET/PT (8CT,10MT)
**Special Time**The Bachelorette will return to its regular time slot Monday, May 30 at 8pm ET/PT (7CT, 9MT)

Ashley Hebert, 26, couldn’t admit she was in love with Brad Womack – and it might have cost her the final rose – but that’s all in the past. The energetic and vivacious Hebert, who is ready to start a new life with a soul mate she might soon meet, will get a second chance at love when she stars in the seventh edition of The Bachelorette, hosted by Chris Harrison.

Extreme Makeover: Weight Loss Edition, (s/ABC) premieres Monday, May 30 at 10pm ET/PT (9CT, 8MT)
In a unique, non-competitive show about weight loss – unlike anything seen on television – Extreme Makeover: Weight Loss Edition will document the amazing makeover of eight courageous, “super obese” people. In an unprecedented 365 days, these individuals set out to safely lose half of their body weight, ultimately revealing an amazing metamorphosis. In each of the eight one-hour episodes, the participants undergo a transformation not only of their bodies, but of who they are as individuals. Trainer and transformation specialist Chris Powell (The 650-Pound Virgin) will guide each of the eight participants through their transformation process by moving into their homes with their families or loved ones. By assuring that they have the proper nourishment and exercise movement, Chris will provide a fresh perspective to individuals whose lives have become unmanageable because of their weight.

America’s Got Talent, Season 6 (s/NBC) premieres Tuesday, May 31 at 9pm ET/PT (8CT, 9MT) with a second episode each week on Wednesdays at 9pm ET/PT (8CT, 10MT) starting June 1 (s/NBC)
America’s Got Talent, returns this summer with the hottest performers from across the country ready to compete in the blockbuster reality show’s sixth season. Celebrity judges Howie Mandel, Sharon Osbourne and Piers Morgan return, while actor/producer/comedian Nick Cannon returns as host. With the talent search open to acts of all ages, America’s Got Talent has brought the variety format back to the forefront of American culture by showcasing performers from across the country. The series is a true celebration of all talents, featuring a colourful array of hopeful stars, including singers, dancers, comedians, contortionists, impressionists, jugglers, magicians and ventriloquists, all vying for their chance to strut and perform on stage hoping to win America’s hearts — and the $1 million prize.

Murdoch Mysteries, Season 4 premieres Tuesday, June 7 at 8pm ET/PT/MT (7CT) Set in late 1890s Toronto, Murdoch Mysteries explores the intriguing world of William Murdoch (Yannick Bisson, Sue Thomas F.B. Eye), a handsome detective using radical forensic techniques for the time to solve some of the city’s most gruesome murders. The fourth season will throw some difficult challenges Detective Murdoch’s way. To start, pathologist Dr. Julia Ogden (Hélène Joy, Durham County), who departed Toronto for a new job at the Children’s Hospital of Buffalo at the end of season three, may have found a compelling reason to stay in the United States. Her replacement, the ill-tempered Dr. Francis (Paul Rhys; Being Human) from Scotland Yard, will clash frequently with the even-tempered Murdoch. In other episodes, an old flame returns to pay Murdoch a visit under tragic circumstances; a crime spree leads Murdoch to a mysterious wise woman (Lisa Ray; Bollywood Top Ten Best) at a Gypsy camp; elusive spy Terence Meyers (Peter Keleghan) reappears when Murdoch investigates a case that could threaten Canadian-American relations; and a wedding takes place in the season finale…but who will be walking down the aisle? Featuring special guest stars including Victor Garber, Leah Pinsent, Lisa Faulkner, Craig Olejnik (The Listener) and a cameo appearance from Prime Minister Stephen Harper. See all this and more in the much anticipated fourth season of Murdoch Mysteries.

Hell’s Kitchen, Season 9, premieres Tuesday, July 19 at 8pm ET/PT (7CT, 8MT)
Gordon Ramsay, the Michelin-starred chef that contestants love to hate returns for a ninth action-packed season. Back behind the hotplate and cooking on gas, Gordon is certain to make temperatures rise as more restaurateur hopefuls pit their wits and cooking skills against each other, under his watchful eye. The prize for the lucky winner is the chance to run their own restaurant.

Marriage Ref, Season 2 (s/NBC), premieres Sunday, June 26 at 10pm (9CT, 7MT)
The Marriage Ref has Jerry Seinfeld back and in the producer’s chair for an all-new and improved second season. In this revealing comedy panel series, real-life married couples take centre stage as their quirky, funny, and relatable disputes are explored, examined — and ultimately judged. New for this season, couples will appear in-studio and face a panel of “experts” composed of top celebrities and comedians who weigh-in and decide which spouse is right. This will give couples something they have always wanted but have never had — a clear winner. At the end of each episode, the studio audience will vote to make one of the winners “The Rightest of the Right.” That person will receive $25,000 and their own billboard, in their hometown, declaring they are right. Comedian Tom Papa (The Informant!) returns as the host and the “ref.”

Bachelor Pad, Season 2 (s/ABC) premieres Monday, August 8 at 8pm (7CT, 9MT)
Fan-favourites, arch-rivals, villains, and the sexiest participants from the hugely successful Bachelor franchise reunite under one roof in a competitive reality series for a “second chance” at love as Bachelor Pad returns for a second season. At the end of the season, see who will emerge victorious to take home a cash prize … and maybe even find “the one.”

* schedule subject to change

Images and show information available at www.rogersmediatv.ca.
To Tweet this release: http://ow.ly/4Eowl

Check out Citytv.com for full episodes and exciting extras from some of your favourite Citytv programming, available 24 – 48 hours post broadcast. You can now also catch up on your iPad by downloading the free Citytv video app on iTunes. Breakfast Television Toronto streams live online and on the Citytv iPAD app from 6:00 am to 9:00am.

Citytv, with stations in Toronto, Vancouver, Calgary, Edmonton and Winnipeg, broadcasts intensely-local, urban-oriented, culturally-diverse television in its own unique, interactive style. With its strong local voice, Citytv offers a distinct alternative to other conventional television offerings. Its instantly recognizable ‘look’ and ‘sound’ are the product of refreshingly different on-air personalities, unique program formats and high television style. Citytv is a division of Rogers Media Inc., a division of Rogers Communications Inc. (TSX: RCI and NYSE: RCI) which is a diversified Canadian communications and media company.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

TSX Poised For Positive Open of trading on Wednesday – Dominion Lending Centres Clearlease

TSX Poised For Positive Open of trading on Wednesday – Dominion Lending Centres Clearlease

LAS VEGAS, Nev. – (April 20, 2011) Clearlease.com Reports Canadian stocks are likely to open higher Wednesday amid a rebound in energy prices and positive cues from the global equity markets. Global stocks were mostly higher amid encouraging earnings reports from major U.S. companies.

U.S. stock futures were pointing to a sharply higher open.

On Tuesday, the S&P/TSX Composite Index snapped its 3-day losing streak, edging up 34.50 points or 0.25 percent to 13,736.83.

The price of crude oil was extending gains for a second session Wednesday morning as traders await cues from the official inventories data due out later during the session. Also, a weak U.S. dollar helped lift sentiment. Today during trading hours the EIA will release its U.S. crude oil inventories report for the week ended April 15. Analysts were expecting crude oil inventories to gain by 1.3 million barrels and gasoline stocks to ease by 1.5 million barrels last week. Crude for June delivery, the new front month contract, was up $1.47 to $109.79 a barrel.

The price of gold continued to extend record peak for a fourth session amid inflation worries and a weak U.S. dollar. Gold for June added $6.90 to $1,502.00 an ounce.

In the global M&A patch, power company AES Corp. said it would buy DPL Inc. for $3.5 billion in cash.

In corporate news from Canada, Encana Corp. reported a much lower first quarter net earnings of $78 million or $0.11 per share compared to $1.49 billion or $1.96 per share last year. Analysts were expecting the company to report earnings of $0.16 per share for the quarter. The company declared a quarterly dividend of $0.20 per share.

Food and pharmaceutical company Metro Inc. reported a marginal increase in its first quarter net income at $83.3 million or $0.80 per share compared to $80.3 million or $0.74 per share a year ago. Analysts were expecting the company to report earnings of $0.82 per share this quarter.

Oil and gas firm Sterling Resources slipped in to the red in fiscal year 2010, reporting net loss of C$5.0 million or C$0.03 per share, compared to a net income of C$66.4 million or C$0.51 per share in the same period last year.

Oil and natural gas firm Yangarra Resources reported a narrower fourth-quarter net loss of $1.20 million or $0.01 per share, compared to $1.80 million or $0.02 per share in the prior-year quarter.

Yesterday, Statistics Canada said the nation’s annual inflation rate jumped to 3.3 percent in March, from 2.2 percent the previous month. The largest year-over-year increase since September 2008 cemented expectations that the Bank of Canada will hike interest rates before summer

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

VANCOUVER, B.C.CANADA -(April 20, 2011) Clearlease.com Reports Canadian stocks are likely to open higher Wednesday amid a rebound in energy prices and positive cues from the global equity markets. Global stocks were mostly higher amid encouraging earnings reports from major U.S. companies.

U.S. stock futures were pointing to a sharply higher open.

On Tuesday, the S&P/TSX Composite Index snapped its 3-day losing streak, edging up 34.50 points or 0.25 percent to 13,736.83.

The price of crude oil was extending gains for a second session Wednesday morning as traders await cues from the official inventories data due out later during the session. Also, a weak U.S. dollar helped lift sentiment. Today during trading hours the EIA will release its U.S. crude oil inventories report for the week ended April 15. Analysts were expecting crude oil inventories to gain by 1.3 million barrels and gasoline stocks to ease by 1.5 million barrels last week. Crude for June delivery, the new front month contract, was up $1.47 to $109.79 a barrel.

The price of gold continued to extend record peak for a fourth session amid inflation worries and a weak U.S. dollar. Gold for June added $6.90 to $1,502.00 an ounce.

In the global M&A patch, power company AES Corp. said it would buy DPL Inc. for $3.5 billion in cash.

In corporate news from Canada, Encana Corp. reported a much lower first quarter net earnings of $78 million or $0.11 per share compared to $1.49 billion or $1.96 per share last year. Analysts were expecting the company to report earnings of $0.16 per share for the quarter. The company declared a quarterly dividend of $0.20 per share.

Food and pharmaceutical company Metro Inc. reported a marginal increase in its first quarter net income at $83.3 million or $0.80 per share compared to $80.3 million or $0.74 per share a year ago. Analysts were expecting the company to report earnings of $0.82 per share this quarter.

Oil and gas firm Sterling Resources slipped in to the red in fiscal year 2010, reporting net loss of C$5.0 million or C$0.03 per share, compared to a net income of C$66.4 million or C$0.51 per share in the same period last year.

Oil and natural gas firm Yangarra Resources reported a narrower fourth-quarter net loss of $1.20 million or $0.01 per share, compared to $1.80 million or $0.02 per share in the prior-year quarter.

Yesterday, Statistics Canada said the nation’s annual inflation rate jumped to 3.3 percent in March, from 2.2 percent the previous month. The largest year-over-year increase since September 2008 cemented expectations that the Bank of Canada will hike interest rates before summer

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###TSX Poised For Positive Open of trading on Wednesday – Dominion Lending Centres Clearlease

LAS VEGAS, Nev. – (April 20, 2011) Clearlease.com Reports Canadian stocks are likely to open higher Wednesday amid a rebound in energy prices and positive cues from the global equity markets. Global stocks were mostly higher amid encouraging earnings reports from major U.S. companies.

U.S. stock futures were pointing to a sharply higher open.

On Tuesday, the S&P/TSX Composite Index snapped its 3-day losing streak, edging up 34.50 points or 0.25 percent to 13,736.83.

The price of crude oil was extending gains for a second session Wednesday morning as traders await cues from the official inventories data due out later during the session. Also, a weak U.S. dollar helped lift sentiment. Today during trading hours the EIA will release its U.S. crude oil inventories report for the week ended April 15. Analysts were expecting crude oil inventories to gain by 1.3 million barrels and gasoline stocks to ease by 1.5 million barrels last week. Crude for June delivery, the new front month contract, was up $1.47 to $109.79 a barrel.

The price of gold continued to extend record peak for a fourth session amid inflation worries and a weak U.S. dollar. Gold for June added $6.90 to $1,502.00 an ounce.

In the global M&A patch, power company AES Corp. said it would buy DPL Inc. for $3.5 billion in cash.

In corporate news from Canada, Encana Corp. reported a much lower first quarter net earnings of $78 million or $0.11 per share compared to $1.49 billion or $1.96 per share last year. Analysts were expecting the company to report earnings of $0.16 per share for the quarter. The company declared a quarterly dividend of $0.20 per share.

Food and pharmaceutical company Metro Inc. reported a marginal increase in its first quarter net income at $83.3 million or $0.80 per share compared to $80.3 million or $0.74 per share a year ago. Analysts were expecting the company to report earnings of $0.82 per share this quarter.

Oil and gas firm Sterling Resources slipped in to the red in fiscal year 2010, reporting net loss of C$5.0 million or C$0.03 per share, compared to a net income of C$66.4 million or C$0.51 per share in the same period last year.

Oil and natural gas firm Yangarra Resources reported a narrower fourth-quarter net loss of $1.20 million or $0.01 per share, compared to $1.80 million or $0.02 per share in the prior-year quarter.

Yesterday, Statistics Canada said the nation’s annual inflation rate jumped to 3.3 percent in March, from 2.2 percent the previous month. The largest year-over-year increase since September 2008 cemented expectations that the Bank of Canada will hike interest rates before summer

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Traders reacting positively to the latest batch of earnings news, stocks moved sharply higher at the start of trading on Wednesday – Dominion Lending Centres Clearlease

Traders reacting positively to the latest batch of earnings news, stocks moved sharply higher at the start of trading on Wednesday – Dominion Lending Centres Clearlease

LAS VEGAS, Nev. – (April 20, 2011) Clearlease.com Reports traders reacting positively to the latest batch of earnings news, stocks moved sharply higher at the start of trading on Wednesday. The major averages all showed strong upward moves at the open, adding to the gains posted in the previous session.

The initial strength in the markets came on the heels of the release of better than expected quarterly results from some big name companies, including semiconductor giant Intel (INTC). Shares of Intel have surged up by 6.1 percent following the release of its results.

After the close of trading on Tuesday, Intel reported first quarter adjusted earnings of $0.59 per share on revenues of $12.85 billion, while analysts had expected earnings of $0.46 per share on revenues of $11.59 billion. The company also forecast second quarter revenues of $12.8 billion, plus or minus $500 million.

Yahoo (YHOO) is also turning in a strong performance in early trading after the internet media giant reported first quarter earnings that fell to $0.17 per share from $0.22 per share in the year-ago quarter but still came in a penny above analyst estimates.

Meanwhile, shares of IBM Corp. (IBM) are moving to the downside even though the company reported better than expected first quarter earnings and revenues.

A slew of other big name companies have also released their quarterly results, including Dow components AT&T (T) and United Technologies (UTX).

In other corporate news, AES Corp. (AES) announced that it has agreed to acquire DPL Inc. (DPL), the parent company of Dayton Power & Light, for $3.5 billion in cash.

Under the terms of the agreement, AES will pay $30 in cash for each share of DPL, representing a nearly 9 percent premium to DPL’s closing price on Tuesday. Including the assumption of $1.2 billion in debt, the deal has a total value of $4.7 billion.

Semiconductor stocks have moved sharply higher in early trading following the news from Intel, driving the Philadelphia Semiconductor Index up by 3.2 percent. Despite the strong gain, the index remains stuck in a recent trading range.

Most of the other major sectors have also moved to the upside, with significant strength visible among electronic storage, metal, wireless, and oil stocks.

While the major averages have not seen much follow-through on their initial upward moves, they remain firmly positive. The Dow is currently up 161.82 points or 1.3 percent at 12,428.57, the Nasdaq is up 46.96 points or 1.7 percent at 2,791.93 and the S&P 500 is up 16.11 points or 1.2 percent at 1,328.73.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

New York, NY – (April 20, 2011) Clearlease.com Reports traders reacting positively to the latest batch of earnings news, stocks moved sharply higher at the start of trading on Wednesday. The major averages all showed strong upward moves at the open, adding to the gains posted in the previous session.

The initial strength in the markets came on the heels of the release of better than expected quarterly results from some big name companies, including semiconductor giant Intel (INTC). Shares of Intel have surged up by 6.1 percent following the release of its results.

After the close of trading on Tuesday, Intel reported first quarter adjusted earnings of $0.59 per share on revenues of $12.85 billion, while analysts had expected earnings of $0.46 per share on revenues of $11.59 billion. The company also forecast second quarter revenues of $12.8 billion, plus or minus $500 million.

Yahoo (YHOO) is also turning in a strong performance in early trading after the internet media giant reported first quarter earnings that fell to $0.17 per share from $0.22 per share in the year-ago quarter but still came in a penny above analyst estimates.

Meanwhile, shares of IBM Corp. (IBM) are moving to the downside even though the company reported better than expected first quarter earnings and revenues.

A slew of other big name companies have also released their quarterly results, including Dow components AT&T (T) and United Technologies (UTX).

In other corporate news, AES Corp. (AES) announced that it has agreed to acquire DPL Inc. (DPL), the parent company of Dayton Power & Light, for $3.5 billion in cash.

Under the terms of the agreement, AES will pay $30 in cash for each share of DPL, representing a nearly 9 percent premium to DPL’s closing price on Tuesday. Including the assumption of $1.2 billion in debt, the deal has a total value of $4.7 billion.

Semiconductor stocks have moved sharply higher in early trading following the news from Intel, driving the Philadelphia Semiconductor Index up by 3.2 percent. Despite the strong gain, the index remains stuck in a recent trading range.

Most of the other major sectors have also moved to the upside, with significant strength visible among electronic storage, metal, wireless, and oil stocks.

While the major averages have not seen much follow-through on their initial upward moves, they remain firmly positive. The Dow is currently up 161.82 points or 1.3 percent at 12,428.57, the Nasdaq is up 46.96 points or 1.7 percent at 2,791.93 and the S&P 500 is up 16.11 points or 1.2 percent at 1,328.73.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Traders reacting positively to the latest batch of earnings news, stocks moved sharply higher at the start of trading on Wednesday – Dominion Lending Centres Clearlease

LAS VEGAS, Nev. – (April 20, 2011) Clearlease.com Reports traders reacting positively to the latest batch of earnings news, stocks moved sharply higher at the start of trading on Wednesday. The major averages all showed strong upward moves at the open, adding to the gains posted in the previous session.

The initial strength in the markets came on the heels of the release of better than expected quarterly results from some big name companies, including semiconductor giant Intel (INTC). Shares of Intel have surged up by 6.1 percent following the release of its results.

After the close of trading on Tuesday, Intel reported first quarter adjusted earnings of $0.59 per share on revenues of $12.85 billion, while analysts had expected earnings of $0.46 per share on revenues of $11.59 billion. The company also forecast second quarter revenues of $12.8 billion, plus or minus $500 million.

Yahoo (YHOO) is also turning in a strong performance in early trading after the internet media giant reported first quarter earnings that fell to $0.17 per share from $0.22 per share in the year-ago quarter but still came in a penny above analyst estimates.

Meanwhile, shares of IBM Corp. (IBM) are moving to the downside even though the company reported better than expected first quarter earnings and revenues.

A slew of other big name companies have also released their quarterly results, including Dow components AT&T (T) and United Technologies (UTX).

In other corporate news, AES Corp. (AES) announced that it has agreed to acquire DPL Inc. (DPL), the parent company of Dayton Power & Light, for $3.5 billion in cash.

Under the terms of the agreement, AES will pay $30 in cash for each share of DPL, representing a nearly 9 percent premium to DPL’s closing price on Tuesday. Including the assumption of $1.2 billion in debt, the deal has a total value of $4.7 billion.

Semiconductor stocks have moved sharply higher in early trading following the news from Intel, driving the Philadelphia Semiconductor Index up by 3.2 percent. Despite the strong gain, the index remains stuck in a recent trading range.

Most of the other major sectors have also moved to the upside, with significant strength visible among electronic storage, metal, wireless, and oil stocks.

While the major averages have not seen much follow-through on their initial upward moves, they remain firmly positive. The Dow is currently up 161.82 points or 1.3 percent at 12,428.57, the Nasdaq is up 46.96 points or 1.7 percent at 2,791.93 and the S&P 500 is up 16.11 points or 1.2 percent at 1,328.73.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Shareholder of Berkshire Hathaway Inc. files suit alleging Warren Buffett and the Co’s board hurt investors – Dominion Lending Centres Clearlease

Shareholder of Berkshire Hathaway Inc. files suit alleging Warren Buffett and the Co’s board hurt investors – Dominion Lending Centres Clearlease

VANCOUVER, B.C.CANADA – (April 20, 2011) Clearlease.com Reports a shareholder of Berkshire Hathaway Inc. has filed a lawsuit alleging that Warren Buffett and the company’s board hurt investors by failing to act swiftly when they found out about stock trades that outgoing executive David Sokol made ahead of Berkshire’s $9 billion takeover of chemical company Lubrizol.

Shareholder Mason Kirby filed the lawsuit in Delaware this week seeking to recover any improper gains that Sokol made on the 96,000 Lubrizol shares that he bought in January shortly before pitching the company to Buffett as an acquisition target.

“Sokol’s trades and Buffett’s failure to fully inform himself about these trades are in direct violation of the company’s policy and amount to a breach of the duty of loyalty and due care owed to Berkshire and its shareholders,” the lawsuit said.

Buffett did not immediately respond to a message Tuesday. Sokol’s assistant said he would not comment.

Buffett disclosed the trades last month as he announced Sokol’s surprise resignation, but denied that the executive’s departure was linked to the Lubrizol deal. Both Buffett and Sokol have said they do not believe that Sokol’s Lubrizol trades were illegal. Before his resignation, many investors had considered Sokol the leading candidate to eventually replace Buffett as Berkshire’s chief executive.

But Kirby’s lawsuit claims that the trades violated Berkshire’s policies and hurt the firm’s reputation. Kirby’s attorney did not immediately respond to a message on Tuesday. The lawsuit did not detail how many shares of Berkshire stock he owns.

The timeline of Sokol’s Lubrizol trades is detailed in Buffett’s statement last month and in documents that Lubrizol filed with the Securities and Exchange Commission.

Sokol bought 2,300 shares of Lubrizol in December one day after he asked an investment banker to contact the specialty chemical maker about possible deal talks. Sokol sold those initial shares a week later, but then 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.

About a week after Sokol bought his Lubrizol shares for about $10 million, he recommended that Berkshire buy the company. Buffett said Sokol mentioned owning Lubrizol stock in passing, but he didn’t learn the details of the transactions until shortly after the deal was announced March 14.

Buffett said the decision to offer $135 in cash for each share of Lubrizol was entirely his, but that the offer wouldn’t have happened without Sokol’s early efforts. The deal made Sokol’s shares worth roughly $13 million.

Lubrizol shareholders are scheduled to vote on Berkshire’s takeover offer on June 9. The deal, which is expected to close in the third quarter, includes Omaha, Neb.-based Berkshire assuming about $700 million in Lubrizol debt. Lubrizol is expected to retain its Wickliffe, Ohio, headquarters and current management.

Berkshire owns roughly 80 subsidiaries, including clothing, furniture and jewelry firms, but its insurance and utility businesses typically account for more than half of the company’s net income. It also has major investments in such companies as Coca-Cola Co. and Wells Fargo & Co. Berkshire has more than 260,000 employees worldwide but only 21 at its headquarters in Omaha.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Shareholder of Berkshire Hathaway Inc. files suit alleging Warren Buffett and the Co’s board hurt investors – Dominion Lending Centres Clearlease

VANCOUVER, B.C.CANADA – (April 21, 2011) Clearlease.com Reports a shareholder of Berkshire Hathaway Inc. has filed a lawsuit alleging that Warren Buffett and the company’s board hurt investors by failing to act swiftly when they found out about stock trades that outgoing executive David Sokol made ahead of Berkshire’s $9 billion takeover of chemical company Lubrizol.

Shareholder Mason Kirby filed the lawsuit in Delaware this week seeking to recover any improper gains that Sokol made on the 96,000 Lubrizol shares that he bought in January shortly before pitching the company to Buffett as an acquisition target.

“Sokol’s trades and Buffett’s failure to fully inform himself about these trades are in direct violation of the company’s policy and amount to a breach of the duty of loyalty and due care owed to Berkshire and its shareholders,” the lawsuit said.

Buffett did not immediately respond to a message Tuesday. Sokol’s assistant said he would not comment.

Buffett disclosed the trades last month as he announced Sokol’s surprise resignation, but denied that the executive’s departure was linked to the Lubrizol deal. Both Buffett and Sokol have said they do not believe that Sokol’s Lubrizol trades were illegal. Before his resignation, many investors had considered Sokol the leading candidate to eventually replace Buffett as Berkshire’s chief executive.

But Kirby’s lawsuit claims that the trades violated Berkshire’s policies and hurt the firm’s reputation. Kirby’s attorney did not immediately respond to a message on Tuesday. The lawsuit did not detail how many shares of Berkshire stock he owns.

The timeline of Sokol’s Lubrizol trades is detailed in Buffett’s statement last month and in documents that Lubrizol filed with the Securities and Exchange Commission.

Sokol bought 2,300 shares of Lubrizol in December one day after he asked an investment banker to contact the specialty chemical maker about possible deal talks. Sokol sold those initial shares a week later, but then 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.

About a week after Sokol bought his Lubrizol shares for about $10 million, he recommended that Berkshire buy the company. Buffett said Sokol mentioned owning Lubrizol stock in passing, but he didn’t learn the details of the transactions until shortly after the deal was announced March 14.

Buffett said the decision to offer $135 in cash for each share of Lubrizol was entirely his, but that the offer wouldn’t have happened without Sokol’s early efforts. The deal made Sokol’s shares worth roughly $13 million.

Lubrizol shareholders are scheduled to vote on Berkshire’s takeover offer on June 9. The deal, which is expected to close in the third quarter, includes Omaha, Neb.-based Berkshire assuming about $700 million in Lubrizol debt. Lubrizol is expected to retain its Wickliffe, Ohio, headquarters and current management.

Berkshire owns roughly 80 subsidiaries, including clothing, furniture and jewelry firms, but its insurance and utility businesses typically account for more than half of the company’s net income. It also has major investments in such companies as Coca-Cola Co. and Wells Fargo & Co. Berkshire has more than 260,000 employees worldwide but only 21 at its headquarters in Omaha.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Shareholder of Berkshire Hathaway Inc. files suit alleging Warren Buffett and the Co’s board hurt investors – Dominion Lending Centres Clearlease

VANCOUVER, B.C.CANADA – (April 20, 2011) Clearlease.com Reports a shareholder of Berkshire Hathaway Inc. has filed a lawsuit alleging that Warren Buffett and the company’s board hurt investors by failing to act swiftly when they found out about stock trades that outgoing executive David Sokol made ahead of Berkshire’s $9 billion takeover of chemical company Lubrizol.

Shareholder Mason Kirby filed the lawsuit in Delaware this week seeking to recover any improper gains that Sokol made on the 96,000 Lubrizol shares that he bought in January shortly before pitching the company to Buffett as an acquisition target.

“Sokol’s trades and Buffett’s failure to fully inform himself about these trades are in direct violation of the company’s policy and amount to a breach of the duty of loyalty and due care owed to Berkshire and its shareholders,” the lawsuit said.

Buffett did not immediately respond to a message Tuesday. Sokol’s assistant said he would not comment.

Buffett disclosed the trades last month as he announced Sokol’s surprise resignation, but denied that the executive’s departure was linked to the Lubrizol deal. Both Buffett and Sokol have said they do not believe that Sokol’s Lubrizol trades were illegal. Before his resignation, many investors had considered Sokol the leading candidate to eventually replace Buffett as Berkshire’s chief executive.

But Kirby’s lawsuit claims that the trades violated Berkshire’s policies and hurt the firm’s reputation. Kirby’s attorney did not immediately respond to a message on Tuesday. The lawsuit did not detail how many shares of Berkshire stock he owns.

The timeline of Sokol’s Lubrizol trades is detailed in Buffett’s statement last month and in documents that Lubrizol filed with the Securities and Exchange Commission.

Sokol bought 2,300 shares of Lubrizol in December one day after he asked an investment banker to contact the specialty chemical maker about possible deal talks. Sokol sold those initial shares a week later, but then 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.

About a week after Sokol bought his Lubrizol shares for about $10 million, he recommended that Berkshire buy the company. Buffett said Sokol mentioned owning Lubrizol stock in passing, but he didn’t learn the details of the transactions until shortly after the deal was announced March 14.

Buffett said the decision to offer $135 in cash for each share of Lubrizol was entirely his, but that the offer wouldn’t have happened without Sokol’s early efforts. The deal made Sokol’s shares worth roughly $13 million.

Lubrizol shareholders are scheduled to vote on Berkshire’s takeover offer on June 9. The deal, which is expected to close in the third quarter, includes Omaha, Neb.-based Berkshire assuming about $700 million in Lubrizol debt. Lubrizol is expected to retain its Wickliffe, Ohio, headquarters and current management.

Berkshire owns roughly 80 subsidiaries, including clothing, furniture and jewelry firms, but its insurance and utility businesses typically account for more than half of the company’s net income. It also has major investments in such companies as Coca-Cola Co. and Wells Fargo & Co. Berkshire has more than 260,000 employees worldwide but only 21 at its headquarters in Omaha.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Canada's millionaires didn't inherit wealth, they earned it themselves – Dominion Lending Centres Clearlease

Canada’s millionaires didn’t inherit wealth, they earned it themselves – Dominion Lending Centres Clearlease

Canada’s millionaires didn’t inherit wealth, they earned it themselves – Dominion Lending Centres Clearlease

VANCOUVER, B.C.CANADA – (April 19, 2011) Clearlease.com Reports The American myth of the self-made man or woman may need a Canadian rewrite.

According to a survey commissioned by BMO Harris Private Banking, many of Canada’s richest people weren’t born with silver spoons in their mouths as some suppose; they earned their status.

The online survey was conducted by the Harris-Decima research firm. It shows that 94 per cent of the Canadians surveyed with over $1 million in investable assets say they are self-made.

Only six per cent said they owe the majority of their wealth to inheritance.

“Perhaps there’s a perception that wealth in Canada is being transferred from generation to the next, but in fact it is not the case,” said Andrew Auerbach, vice-president of BMO Harris Private Banking in Toronto.

“I can tell you dealing in a private bank these results didn’t surprise me. Overwhelmingly the wealth is being created not inherited.”

Auerbach said if the survey were done of what he called “ultra-high net worth families,” those with over $10 million in assets available to invest, the slant toward the self-made would be greater.

There are an estimated 550,000 Canadian households with over $1 million in investable assets, representing about 60 per cent of the private wealth of the country. The survey was based on a random sampling 459 of them.

Generally, the findings suggest Canada’s rich are optimistic about their current status, but less so about their children’s.

For instance, the survey found that 80 per cent say are wealthier than their parents were, and 77 per cent say they are better off today than they were before the onset of the latest recession in the fall of 2008, suggesting they have recovered any stock market losses.

But asked if they thought their children were well-prepared to manage their inheritance, only 58 per cent answered in the affirmative.

On another question, 70 per cent of respondents said they believed it was important to give back to their communities, with 59 per cent saying the recession had no impact on their charitable donations.

The main message to take away from the survey, suggests Auerbach, is that Canadians should feel good about living in a country where upward mobility is possible.

“These findings speak to the strong entrepreneurial environment in which we live,” Auerbach said. “They reveal a culture of drive and determination among Canadians and recognize that we live in a country where self-made success is encouraged and rewarded.”

Keith Sjogren of Investor Economics, a research and consulting firm, says Canadians become millionaires through a variety of ways, not all involve starting or selling a business. They include investments, cashing in on stock options from work, sales of real estate, or working in a high-paying profession for many years.

The BMO findings are in line with his own firm’s research, he said, although he believes the proportion of inherited wealth is higher, in the 10-15 per cent range.

“I do agree that the bulk of high net worth households do create their wealth on their own, it is not inherited,” Sjogren said.

Sjogren said one limit on wealth creation in Canada is relatively high income taxes, particularly compared with the United States.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Canada's millionaires didn't inherit wealth, they earned it themselves – Dominion Lending Centres Clearlease

VANCOUVER, B.C.CANADA – (April 19, 2011) Clearlease.com Reports The American myth of the self-made man or woman may need a Canadian rewrite.

According to a survey commissioned by BMO Harris Private Banking, many of Canada’s richest people weren’t born with silver spoons in their mouths as some suppose; they earned their status.

The online survey was conducted by the Harris-Decima research firm. It shows that 94 per cent of the Canadians surveyed with over $1 million in investable assets say they are self-made.

Only six per cent said they owe the majority of their wealth to inheritance.

“Perhaps there’s a perception that wealth in Canada is being transferred from generation to the next, but in fact it is not the case,” said Andrew Auerbach, vice-president of BMO Harris Private Banking in Toronto.

“I can tell you dealing in a private bank these results didn’t surprise me. Overwhelmingly the wealth is being created not inherited.”

Auerbach said if the survey were done of what he called “ultra-high net worth families,” those with over $10 million in assets available to invest, the slant toward the self-made would be greater.

There are an estimated 550,000 Canadian households with over $1 million in investable assets, representing about 60 per cent of the private wealth of the country. The survey was based on a random sampling 459 of them.

Generally, the findings suggest Canada’s rich are optimistic about their current status, but less so about their children’s.

For instance, the survey found that 80 per cent say are wealthier than their parents were, and 77 per cent say they are better off today than they were before the onset of the latest recession in the fall of 2008, suggesting they have recovered any stock market losses.

But asked if they thought their children were well-prepared to manage their inheritance, only 58 per cent answered in the affirmative.

On another question, 70 per cent of respondents said they believed it was important to give back to their communities, with 59 per cent saying the recession had no impact on their charitable donations.

The main message to take away from the survey, suggests Auerbach, is that Canadians should feel good about living in a country where upward mobility is possible.

“These findings speak to the strong entrepreneurial environment in which we live,” Auerbach said. “They reveal a culture of drive and determination among Canadians and recognize that we live in a country where self-made success is encouraged and rewarded.”

Keith Sjogren of Investor Economics, a research and consulting firm, says Canadians become millionaires through a variety of ways, not all involve starting or selling a business. They include investments, cashing in on stock options from work, sales of real estate, or working in a high-paying profession for many years.

The BMO findings are in line with his own firm’s research, he said, although he believes the proportion of inherited wealth is higher, in the 10-15 per cent range.

“I do agree that the bulk of high net worth households do create their wealth on their own, it is not inherited,” Sjogren said.

Sjogren said one limit on wealth creation in Canada is relatively high income taxes, particularly compared with the United States.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Canada’s millionaires didn’t inherit wealth, they earned it themselves – Dominion Lending Centres Clearlease

VANCOUVER, B.C.CANADA – (April 19, 2011) Clearlease.com Reports The American myth of the self-made man or woman may need a Canadian rewrite.

According to a survey commissioned by BMO Harris Private Banking, many of Canada’s richest people weren’t born with silver spoons in their mouths as some suppose; they earned their status.

The online survey was conducted by the Harris-Decima research firm. It shows that 94 per cent of the Canadians surveyed with over $1 million in investable assets say they are self-made.

Only six per cent said they owe the majority of their wealth to inheritance.

“Perhaps there’s a perception that wealth in Canada is being transferred from generation to the next, but in fact it is not the case,” said Andrew Auerbach, vice-president of BMO Harris Private Banking in Toronto.

“I can tell you dealing in a private bank these results didn’t surprise me. Overwhelmingly the wealth is being created not inherited.”

Auerbach said if the survey were done of what he called “ultra-high net worth families,” those with over $10 million in assets available to invest, the slant toward the self-made would be greater.

There are an estimated 550,000 Canadian households with over $1 million in investable assets, representing about 60 per cent of the private wealth of the country. The survey was based on a random sampling 459 of them.

Generally, the findings suggest Canada’s rich are optimistic about their current status, but less so about their children’s.

For instance, the survey found that 80 per cent say are wealthier than their parents were, and 77 per cent say they are better off today than they were before the onset of the latest recession in the fall of 2008, suggesting they have recovered any stock market losses.

But asked if they thought their children were well-prepared to manage their inheritance, only 58 per cent answered in the affirmative.

On another question, 70 per cent of respondents said they believed it was important to give back to their communities, with 59 per cent saying the recession had no impact on their charitable donations.

The main message to take away from the survey, suggests Auerbach, is that Canadians should feel good about living in a country where upward mobility is possible.

“These findings speak to the strong entrepreneurial environment in which we live,” Auerbach said. “They reveal a culture of drive and determination among Canadians and recognize that we live in a country where self-made success is encouraged and rewarded.”

Keith Sjogren of Investor Economics, a research and consulting firm, says Canadians become millionaires through a variety of ways, not all involve starting or selling a business. They include investments, cashing in on stock options from work, sales of real estate, or working in a high-paying profession for many years.

The BMO findings are in line with his own firm’s research, he said, although he believes the proportion of inherited wealth is higher, in the 10-15 per cent range.

“I do agree that the bulk of high net worth households do create their wealth on their own, it is not inherited,” Sjogren said.

Sjogren said one limit on wealth creation in Canada is relatively high income taxes, particularly compared with the United States.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Jury convicts Taylor Bean's majority owner on all 14 counts in $3B mortgage fraud trial – Dominion Lending Centres Clearlease

Jury convicts Taylor Bean’s majority owner on all 14 counts in $3B mortgage fraud trial – Dominion Lending Centres Clearlease

Jury convicts Taylor Bean’s majority owner on all 14 counts in $3B mortgage fraud trial – Dominion Lending Centres Clearlease

OAKVILLE, Ont. – (April 19, 2011) Clearlease.com Reports A jury on Tuesday convicted the majority owner of what had been one of America’s largest mortgage companies on all 14 counts in a $3 billion fraud trial that officials have said is one of the most significant prosecutions to arise from the U.S. financial crisis.

Prosecutors said Lee Farkas led a fraud scheme of staggering proportions as chairman of Florida-based Taylor Bean & Whitaker. The fraud not only caused the company’s 2009 collapse and the loss of jobs for its 2,000 workers, but also contributed to the collapse of Alabama-based Colonial Bank, the sixth-largest bank failure in U.S. history.

The jury returned its verdict late Tuesday after more than a day of deliberations.

Colonial and two other major banks — Deutsche Bank and BNP Paribas — were cheated out of nearly $3 billion, prosecutors estimated. Farkas and his cohorts — six of whom entered guilty pleas to related charges and testified against him at the two-week trial in U.S. District Court — also tried to fraudulently obtain more than $500 million in taxpayer-funded relief from the government’s bank bailout program, the Troubled Assets Relief Program (TARP).

While TARP at one point gave conditional approval to a payment of roughly $550 million, ultimately neither Taylor Bean nor Colonial received any TARP money, and investigators from that office, along with the FBI and other agencies, helped uncover the fraud.

Farkas testified in his own defence at the trial and claimed he did nothing wrong. He claimed he was unfamiliar with details or knowledge of many aspects of the various fraud schemes.

In closing arguments, Farkas’ lawyer Bruce Rogow, said the six executives at Colonial and Taylor Bean who struck plea deals skewed their testimony to bolster the government’s case in the hope of receiving lighter prison sentences for their co-operation. Rogow said Farkas and everyone else at Taylor Bean was working honestly and ethically to get control of its finances and perhaps could have done the job if the government hadn’t essentially shut the company down when it raided company headquarters in 2009.

But prosecutors said the evidence against Farkas was overwhelming. They said the fraud began in 2002, when Taylor Bean overdrew its main account with Colonial by several million dollars. Midlevel executives at Colonial agreed to transfer money into Taylor Bean’s accounts at the end of each day to avoid generating overdraft notices, a process known as “sweeping.”

As the hole grew to well over $100 million, Taylor Bean and a handful of Colonial executives concocted a scheme in which Taylor Bean sold hundreds of millions in worthless mortgages to Colonial — mortgages that had already been sold to other investors. More than $1 billion in such phoney mortgages were eventually sold to Colonial, which listed them on its books and on its quarterly reports as legitimate assets, prosecutors alleged.

In a related scheme, Taylor Bean created a subsidiary called Ocala Funding that sold commercial paper — essentially glorified IOUs — to banks including Deutsche Bank and BNP Paribas. But prosecutors said the collateral that supposedly backed that commercial paper was worthless, and when Taylor Bean collapsed in 2009, the two banks lost roughly $1.5 billion.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Jury convicts Taylor Bean's majority owner on all 14 counts in $3B mortgage fraud trial – Dominion Lending Centres Clearlease

OAKVILLE, Ont. – (April 19, 2011) Clearlease.com Reports A jury on Tuesday convicted the majority owner of what had been one of America’s largest mortgage companies on all 14 counts in a $3 billion fraud trial that officials have said is one of the most significant prosecutions to arise from the U.S. financial crisis.

Prosecutors said Lee Farkas led a fraud scheme of staggering proportions as chairman of Florida-based Taylor Bean & Whitaker. The fraud not only caused the company’s 2009 collapse and the loss of jobs for its 2,000 workers, but also contributed to the collapse of Alabama-based Colonial Bank, the sixth-largest bank failure in U.S. history.

The jury returned its verdict late Tuesday after more than a day of deliberations.

Colonial and two other major banks — Deutsche Bank and BNP Paribas — were cheated out of nearly $3 billion, prosecutors estimated. Farkas and his cohorts — six of whom entered guilty pleas to related charges and testified against him at the two-week trial in U.S. District Court — also tried to fraudulently obtain more than $500 million in taxpayer-funded relief from the government’s bank bailout program, the Troubled Assets Relief Program (TARP).

While TARP at one point gave conditional approval to a payment of roughly $550 million, ultimately neither Taylor Bean nor Colonial received any TARP money, and investigators from that office, along with the FBI and other agencies, helped uncover the fraud.

Farkas testified in his own defence at the trial and claimed he did nothing wrong. He claimed he was unfamiliar with details or knowledge of many aspects of the various fraud schemes.

In closing arguments, Farkas’ lawyer Bruce Rogow, said the six executives at Colonial and Taylor Bean who struck plea deals skewed their testimony to bolster the government’s case in the hope of receiving lighter prison sentences for their co-operation. Rogow said Farkas and everyone else at Taylor Bean was working honestly and ethically to get control of its finances and perhaps could have done the job if the government hadn’t essentially shut the company down when it raided company headquarters in 2009.

But prosecutors said the evidence against Farkas was overwhelming. They said the fraud began in 2002, when Taylor Bean overdrew its main account with Colonial by several million dollars. Midlevel executives at Colonial agreed to transfer money into Taylor Bean’s accounts at the end of each day to avoid generating overdraft notices, a process known as “sweeping.”

As the hole grew to well over $100 million, Taylor Bean and a handful of Colonial executives concocted a scheme in which Taylor Bean sold hundreds of millions in worthless mortgages to Colonial — mortgages that had already been sold to other investors. More than $1 billion in such phoney mortgages were eventually sold to Colonial, which listed them on its books and on its quarterly reports as legitimate assets, prosecutors alleged.

In a related scheme, Taylor Bean created a subsidiary called Ocala Funding that sold commercial paper — essentially glorified IOUs — to banks including Deutsche Bank and BNP Paribas. But prosecutors said the collateral that supposedly backed that commercial paper was worthless, and when Taylor Bean collapsed in 2009, the two banks lost roughly $1.5 billion.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Jury convicts Taylor Bean’s majority owner on all 14 counts in $3B mortgage fraud trial – Dominion Lending Centres Clearlease

OAKVILLE, Ont. – (April 19, 2011) Clearlease.com Reports A jury on Tuesday convicted the majority owner of what had been one of America’s largest mortgage companies on all 14 counts in a $3 billion fraud trial that officials have said is one of the most significant prosecutions to arise from the U.S. financial crisis.

Prosecutors said Lee Farkas led a fraud scheme of staggering proportions as chairman of Florida-based Taylor Bean & Whitaker. The fraud not only caused the company’s 2009 collapse and the loss of jobs for its 2,000 workers, but also contributed to the collapse of Alabama-based Colonial Bank, the sixth-largest bank failure in U.S. history.

The jury returned its verdict late Tuesday after more than a day of deliberations.

Colonial and two other major banks — Deutsche Bank and BNP Paribas — were cheated out of nearly $3 billion, prosecutors estimated. Farkas and his cohorts — six of whom entered guilty pleas to related charges and testified against him at the two-week trial in U.S. District Court — also tried to fraudulently obtain more than $500 million in taxpayer-funded relief from the government’s bank bailout program, the Troubled Assets Relief Program (TARP).

While TARP at one point gave conditional approval to a payment of roughly $550 million, ultimately neither Taylor Bean nor Colonial received any TARP money, and investigators from that office, along with the FBI and other agencies, helped uncover the fraud.

Farkas testified in his own defence at the trial and claimed he did nothing wrong. He claimed he was unfamiliar with details or knowledge of many aspects of the various fraud schemes.

In closing arguments, Farkas’ lawyer Bruce Rogow, said the six executives at Colonial and Taylor Bean who struck plea deals skewed their testimony to bolster the government’s case in the hope of receiving lighter prison sentences for their co-operation. Rogow said Farkas and everyone else at Taylor Bean was working honestly and ethically to get control of its finances and perhaps could have done the job if the government hadn’t essentially shut the company down when it raided company headquarters in 2009.

But prosecutors said the evidence against Farkas was overwhelming. They said the fraud began in 2002, when Taylor Bean overdrew its main account with Colonial by several million dollars. Midlevel executives at Colonial agreed to transfer money into Taylor Bean’s accounts at the end of each day to avoid generating overdraft notices, a process known as “sweeping.”

As the hole grew to well over $100 million, Taylor Bean and a handful of Colonial executives concocted a scheme in which Taylor Bean sold hundreds of millions in worthless mortgages to Colonial — mortgages that had already been sold to other investors. More than $1 billion in such phoney mortgages were eventually sold to Colonial, which listed them on its books and on its quarterly reports as legitimate assets, prosecutors alleged.

In a related scheme, Taylor Bean created a subsidiary called Ocala Funding that sold commercial paper — essentially glorified IOUs — to banks including Deutsche Bank and BNP Paribas. But prosecutors said the collateral that supposedly backed that commercial paper was worthless, and when Taylor Bean collapsed in 2009, the two banks lost roughly $1.5 billion.

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.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

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. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

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