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Dominion Lending Centres Clearlease Reports Microsemi Corp (NasdaqGS: MSCC) said Tuesday it plans to acquire AML Communications Inc. (AMLJ.OB) in an all-cash transaction worth $28 million.

NEW YORK, N.Y. – (April 12, 2011) Clearlease.com Reports Microsemi Corp (NasdaqGS: MSCC) said Tuesday it plans to acquire AML Communications Inc. (AMLJ.OB) in an all-cash transaction worth $28 million.

The Irvine, Calif. circuit and semiconductor maker is offering $2.50 per share for AML stock. The deal, which must be approved by shareholders, is expected to close at the end of June.

AML, which is based in Camarillo, Calif., makes microwave amplifiers and subsystems for defence electronics applications.

AML had previously planned to combine with Anaren Inc. for $2.15 per share. AML’s board of directors decided on April 5 that Microsemi’s offer was better.

AML shares slipped 3 cents to $2.47 in morning trading, while Microsemi fell 30 cents, or 1.4 per cent, to $20.65.

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About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

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.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

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The Irvine, Calif. circuit and semiconductor maker is offering $2.50 per share for AML stock. The deal, which must be approved by shareholders, is expected to close at the end of June.

AML, which is based in Camarillo, Calif., makes microwave amplifiers and subsystems for defence electronics applications.

AML had previously planned to combine with Anaren Inc. for $2.15 per share. AML’s board of directors decided on April 5 that Microsemi’s offer was better.

AML shares slipped 3 cents to $2.47 in morning trading, while Microsemi fell 30 cents, or 1.4 per cent, to $20.65.

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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

###Dominion Lending Centres Clearlease Reports Microsemi Corp (NasdaqGS: MSCC) said Tuesday it plans to acquire AML Communications Inc. (AMLJ.OB) in an all-cash transaction worth $28 million.

The Irvine, Calif. circuit and semiconductor maker is offering $2.50 per share for AML stock. The deal, which must be approved by shareholders, is expected to close at the end of June.

AML, which is based in Camarillo, Calif., makes microwave amplifiers and subsystems for defence electronics applications.

AML had previously planned to combine with Anaren Inc. for $2.15 per share. AML’s board of directors decided on April 5 that Microsemi’s offer was better.

AML shares slipped 3 cents to $2.47 in morning trading, while Microsemi fell 30 cents, or 1.4 per cent, to $20.65.

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

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Dominion Lending Centres Clearlease Reports Mercator Minerals Ltd. (TSX:ML) has agreed to acquire Creston Moly Corp. (TSXV:CMS) in a friendly deal that values Creston at about $195 million.

VANCOUVER – (April 12, 2011) Clearlease.com Reports Mercator Minerals Ltd. (TSX:ML) has agreed to acquire Creston Moly Corp. (TSXV:CMS) in a friendly deal that values Creston at about $195 million.

The takeover announced Tuesday will create a “significant” copper and molybdenum miner with operations in the United States and Mexico, the two said in a statement.

“We see this as a significant first step towards creating a strong intermediate base metals company with an attractive growth profile,” said Mercator president and CEO Michael Surratt.

Creston shareholders will get 0.15 of a Mercator share and eight cents in cash for each of their shares, a premium of about 43 per cent based on the closing prices of each company’s stock prior to the announcement of the deal.

Mercator shares dropped sharply following the announcement, losing 32 cents or 8.7 per cent to $3.37. Creston stock jumped 11 cents or 24 per cent to 57 cents in heavy trading on the TSX Venture Exchange.

Under terms of the deal, current Creston president and CEO Bruce McLeod will head the combined company. Mercator’s Gavin Thomas will continue as non-executive chairman and Surratt will act as technical adviser on a consulting basis.

Mercator CFO Mark Distler will continue in that role.

Creston owns the El Creston development-stage molybdenum-copper project in Sonora, Mexico. The addition of El Creston will increase Mercator’s measured and indicated molybdenum resource by 85 per cent to 732 million pounds and it copper equivalent resource by 38 per cent to 7.78 billion pounds, the companies stated.

“This transaction will create a significant copper-moly company with an industry-leading growth profile and the management resources, capital markets profile and access to capital necessary to realize on the full potential of its portfolio,” McLeod said in a statement.

The deal requires approval of two-thirds of Creston shareholders at a meeting expected to take place in June. Creston’s board supports the deal and shareholders representing 11.5 per cent of the company’s outstanding stock have agreed to tender to it.

Mercator owns the Mineral Park Mine near Kingman, Ariz., as well as the El Pilar copper project in Northern Mexico.

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VANCOUVER – (April 12, 2011) Clearlease.com Reports Mercator Minerals Ltd. (TSX:ML) has agreed to acquire Creston Moly Corp. (TSXV:CMS) in a friendly deal that values Creston at about $195 million.

The takeover announced Tuesday will create a “significant” copper and molybdenum miner with operations in the United States and Mexico, the two said in a statement.

“We see this as a significant first step towards creating a strong intermediate base metals company with an attractive growth profile,” said Mercator president and CEO Michael Surratt.

Mercator CFO Mark Distler will continue in that role.

Mercator owns the Mineral Park Mine near Kingman, Ariz., as well as the El Pilar copper project in Northern Mexico.

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

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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

###Dominion Lending Centres Clearlease Reports Mercator Minerals Ltd. (TSX:ML) has agreed to acquire Creston Moly Corp. (TSXV:CMS) in a friendly deal that values Creston at about $195 million.

VANCOUVER – (April 12, 2011) Clearlease.com Reports Mercator Minerals Ltd. (TSX:ML) has agreed to acquire Creston Moly Corp. (TSXV:CMS) in a friendly deal that values Creston at about $195 million.

The takeover announced Tuesday will create a “significant” copper and molybdenum miner with operations in the United States and Mexico, the two said in a statement.

“We see this as a significant first step towards creating a strong intermediate base metals company with an attractive growth profile,” said Mercator president and CEO Michael Surratt.

Mercator CFO Mark Distler will continue in that role.

Mercator owns the Mineral Park Mine near Kingman, Ariz., as well as the El Pilar copper project in Northern Mexico.

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

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Dominion Lending Centres Clearlease Reports El Nino Ventures Inc. (TSXV:ELN) wins court decisions in DRC; stock up sharply on TSX Venture

VANCOUVER – (April 12, 2011) Clearlease.com Reports a court in the Democratic Republic of the Congo has rendered two decisions in favour of El Nino Ventures Inc. (TSXV:ELN) in a civil case brought against businessman Georges Kavvadias and his GCP Group, the company said Monday.

Stock in the Vancouver-based exploration-stage miner, trading in which had been halted pending the announcement, later soared more than 24 per cent, or 3.5 cents to 18 cents on the TSX Venture market.

In its first decision, the DRC’s Tribunal de Grande Instance declared null and void the minutes of a meeting in which Kavvadias appointed himself manager of Infinity Resources SPRL, a joint venture company held 70 per cent held by El Nino and 30 per cent by GCP.

In the second decision, the court removed Kavvadias as manager of Infinity Resources and appointed an interim manager in order to call a shareholders’ meeting within two weeks of the parties being notified of the judgments in order to appoint the new managers of Infinity, El Nino said.

In both cases, Kavvadias was ordered to pay damages to El Nino, operators of the joint venture, and all costs.

Infinity is involved in development of the Kasala project, one of the first new greenfield copper discoveries in the last 10 years in this area of the central African copper belt.

Last year, El Nino accused Kavvadias and GCP Group of fraud, fraudulent misrepresentation, misappropriation off funds and breach of agreement in the Supreme Court of British Columbia and sought damages of US$850,000.

In January, El Nino said it had received notice from the B.C. court the its claims were to be decided through arbitration and at the time expected to go into arbitration in February.

“Following these (DRC) decisions, the company is working with its legal counsel to finalize the appointment of the arbitrator and set a series of dates for the steps to be taken in the conduct of the arbitration and to pursue its claims against Georges Kawadias and his company GCP Group here in Canada, through the process of arbitration,” it said Monday.

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In both cases, Kavvadias was ordered to pay damages to El Nino, operators of the joint venture, and all costs.

Infinity is involved in development of the Kasala project, one of the first new greenfield copper discoveries in the last 10 years in this area of the central African copper belt.

In January, El Nino said it had received notice from the B.C. court the its claims were to be decided through arbitration and at the time expected to go into arbitration in February.

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

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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

###Dominion Lending Centres Clearlease Reports El Nino Ventures Inc. (TSXV:ELN) wins court decisions in DRC; stock up sharply on TSX Venture

In both cases, Kavvadias was ordered to pay damages to El Nino, operators of the joint venture, and all costs.

Infinity is involved in development of the Kasala project, one of the first new greenfield copper discoveries in the last 10 years in this area of the central African copper belt.

In January, El Nino said it had received notice from the B.C. court the its claims were to be decided through arbitration and at the time expected to go into arbitration in February.

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

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We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

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Dominion Lending Centres Clearlease Reports Oil drops on Goldman Sachs demand warning and Libya cease-fire talk

Dominion Lending Centres Clearlease Reports Oil drops on Goldman Sachs demand warning and Libya cease-fire talks

NEW YORK, N.Y. – (April 12, 2011) Clearlease.com Reports Oil fell Monday after Libya’s Moammar Gadhafi appeared to accept a cease-fire plan with rebel forces, increasing the chances that Libyan crude ill return to world markets soon.

Crude prices were also pushed down as the International Monetary Fund cut its forecast for U.S. growth this year and Goldman Sachs warned that consumers in the U.S. are starting to conserve energy in the face of high oil prices.

Benchmark West Texas Intermediate crude for May delivery lost US$2.87 to settle at $109.92 per barrel on the New York Mercantile Exchange. Earlier in the day, crude rose as high as $113.46 per barrel, the highest level since September 2008.

The drop followed news over the weekend that Gadhafi had accepted a “road map” to a cease-fire from a delegation of African leaders. Experts say most of Libya’s exports will be shut down for months, until the country sees some political stability. Traders considered the cease-fire plan a sign that oil will once again leave the country. Most of Libya’s oil went to refineries in Europe.

“A cease-fire could ultimately lead to a stable enough environment that could accommodate at least some oil production” in Libya, analyst Jim Ritterbusch said. Before the rebellion broke out, Libya produced about 1.6 million barrels of oil per day and supplied nearly two per cent of world demand.

Goldman Sachs analyst Jeffrey Currie recommended that investors stop buying a specific oil contract that the investment bank had previously recommended. Currie said the U.S. appears to have started cutting oil consumption as consumers face higher prices for gasoline and other petroleum-based fuels. Currie focused on the oil contract for December delivery, but investors will likely take that as a general recommendation to sell, analyst Stephen Schork said. Goldman Sachs is a major player in oil markets and it has been one of the most vocal about the potential for oil to rise this year, Schork said.

“They’re one of the big guys that everyone follows, and they have a tremendous influence on what other people do,” Schork said.

The International Monetary Fund lowered its forecast for U.S. growth this year to reflect the increased burden of higher oil prices. The IMF said the economy of the world’s largest oil consumer will expand by 2.8 per cent this year, down 0.2 percentage point from the IMF projection in January.

In other Nymex trading for May contracts, heating oil lost 6.72 cents to settle at $3.2525 per gallon and gasoline futures dropped 6.02 cents to settle at $3.2005 per gallon. Natural gas gained 6.7 cents to settle at $4.108 per 1,000 cubic feet.

In London, Brent crude gave up $2.70 to settle at $123.42 per barrel on the ICE Futures exchange.

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(TSX:ECA, TSX:IMO, TSX:SU, TSX:HSE, NYSE:BP, NYSE:COP, NYSE:XOM, NYSE:CVX, TSX:CNQ, TSX:TLM, TSX:COS.UN, TSX:CVE)

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“They’re one of the big guys that everyone follows, and they have a tremendous influence on what other people do,” Schork said.

In London, Brent crude gave up $2.70 to settle at $123.42 per barrel on the ICE Futures exchange.

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(TSX:ECA, TSX:IMO, TSX:SU, TSX:HSE, NYSE:BP, NYSE:COP, NYSE:XOM, NYSE:CVX, TSX:CNQ, TSX:TLM, TSX:COS.UN, TSX:CVE)

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

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We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

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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

###Dominion Lending Centres Clearlease Reports Oil drops on Goldman Sachs demand warning and Libya cease-fire talks

“They’re one of the big guys that everyone follows, and they have a tremendous influence on what other people do,” Schork said.

In London, Brent crude gave up $2.70 to settle at $123.42 per barrel on the ICE Futures exchange.

———

(TSX:ECA, TSX:IMO, TSX:SU, TSX:HSE, NYSE:BP, NYSE:COP, NYSE:XOM, NYSE:CVX, TSX:CNQ, TSX:TLM, TSX:COS.UN, TSX:CVE)

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

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We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

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Chevron updated its first-quarter expectations after its shares fell $1.88, or 1.7 per cent, to close at $107.78. In after-hours trading, the stock fell a further 28 cents to $107.50.

Dominion Lending Centres Clearlease Reports Chevron Corp (NYSE:CVX) forecasts higher 1st quarter profit compared with 4Q results; oil prices cited

SAN RAMON, Calif. – (April 12, 2011) Clearlease.com Reports Chevron Corp (NYSE:CVX) on Monday said it expects to post a higher first-quarter profit than it reported for last year’s fourth quarter, due in part to rising oil prices.

Chevron did not offer a specific profit forecast in advance of its quarterly report on April 29.

The company said the outlook for its exploration and production arm has been improved by the rise in oil prices, which have soared more than 30 per cent since mid-February as traders worry political violence in the Middle East and North Africa could disrupt crude supplies.

Chevron got $88.23 per barrel for crude oil during January and February, up almost 11 per cent from its fourth-quarter average of $79.56, and up 20 per cent from the first quarter of 2010. Natural gas prices are also higher than they were in the fourth quarter, although they have fallen from first quarter 2010 levels.

However, Chevron said it expects a “slightly lower” first-quarter profit at the portion of its business that includes oil refining, compared with the fourth quarter. The company cited reduced gains from asset sales, largely offset by higher U.S. profit margins.

The projections are based on the first two months of the first quarter, Chevron said.

Analysts surveyed by FactSet expect Chevron to post a first-quarter profit of $2.86 per share, on average.

Chevron updated its first-quarter expectations after its shares fell $1.88, or 1.7 per cent, to close at $107.78. In after-hours trading, the stock fell a further 28 cents to $107.50.

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Chevron did not offer a specific profit forecast in advance of its quarterly report on April 29.

The projections are based on the first two months of the first quarter, Chevron said.

Analysts surveyed by FactSet expect Chevron to post a first-quarter profit of $2.86 per share, on average.

Chevron updated its first-quarter expectations after its shares fell $1.88, or 1.7 per cent, to close at $107.78. In after-hours trading, the stock fell a further 28 cents to $107.50.

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

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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

###Dominion Lending Centres Clearlease Reports Chevron Corp (NYSE:CVX) forecasts higher 1st quarter profit compared with 4Q results; oil prices cited

Chevron did not offer a specific profit forecast in advance of its quarterly report on April 29.

The projections are based on the first two months of the first quarter, Chevron said.

Analysts surveyed by FactSet expect Chevron to post a first-quarter profit of $2.86 per share, on average.

Chevron updated its first-quarter expectations after its shares fell $1.88, or 1.7 per cent, to close at $107.78. In after-hours trading, the stock fell a further 28 cents to $107.50.

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

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Dominion Lending Centres Clearlease Reports While buying interest is somewhat subdued, stocks are seeing modest strength in early trading on Monday.

VANCOUVER – (April 11, 2011) Clearlease.com Reports While buying interest is somewhat subdued, stocks are seeing modest strength in early trading on Monday. The major averages have all moved to the upside after turning in a lackluster performance throughout much of the last week.

The early strength in the markets is partly due to additional news on the merger-and-acquisition front, which has added to recent signs that corporations are becoming increasingly confident about the economic recovery.

Shares of Global Crossing (GLBC) are moving sharply higher after the company agreed to be acquired by rival Level 3 Communications (LVLT) for about $3.0 billion, including debt.

Under the terms of the agreement, Global Crossing shareholders will receive 16 shares of Level 3 common stock for each share of Global Crossing stock held. Based on Friday’s closing price, the deal values Global Crossing at $23.04 per share.

Endo Pharmaceuticals (ENDP) also announced an agreement to acquire American Medical Systems (AMMD) for $30 per share, or $2.9 billion in cash. Endo said that it expects the transaction to be immediately accretive in 2011 on an adjusted diluted earnings basis.

However, traders largely seem reluctant to make any significant moves ahead of the release of quarterly results from aluminum giant Alcoa (AA) after the close of trading. The release of results from Alcoa is seen as the unofficial start of the earnings season.

Alcoa, a Dow component, is expected to report first quarter earnings of $0.27 per share on revenues of $6.1 billion compared to earnings of $0.10 per share on revenues of $4.89 billion in the same quarter a year ago.

Most of the major sectors are showing only modest moves, although early strength is visible among real estate tobacco, and wireless stocks. On the other hand, healthcare provider and gold stocks have come under pressure, limiting the upside for the markets.

The Nasdaq has pulled back well off its high for the young session, although the major averages all remain positive. The Dow is up 38.68 points or 0.3 percent at 12,418.73, the Nasdaq is up 6.80 points or 0.2 percent at 2,787.22 and the S&P 500 is up 3.48 points or 0.3 percent at 1,331.65.

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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
Facebook: http://www.facebook.com/Clearlease
Facebook: http://www.facebook.com/pages/Dominion-Lending-Centres-Clearlease/158245787557542
###

Shares of Global Crossing (GLBC) are moving sharply higher after the company agreed to be acquired by rival Level 3 Communications (LVLT) for about $3.0 billion, including debt.

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Dominion Lending Centres Clearlease Reports While buying interest is somewhat subdued, stocks are seeing modest strength in early trading on Monday.

Shares of Global Crossing (GLBC) are moving sharply higher after the company agreed to be acquired by rival Level 3 Communications (LVLT) for about $3.0 billion, including debt.

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

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Dominion Lending Centres Clearlease Reports Hong Kong to hold world’s first yuan IPO outside mainland China with shares in property trust

HONG KONG – (April 11, 2011) Clearlease.com Reports HONG KONG – The world’s first yuan-denominated shares to list on a stock exchange outside mainland China will start trading in Hong Kong on April 29, managers said Sunday, amid surging investor interest in China’s appreciating currency.

An initial public offering for Hui Xian Real Estate Investment Trust will begin Monday and raise up to 11.2 billion yuan ($1.7 billion), the trust’s managers said.

Hui Xian’s sole asset is Oriental Plaza, a complex in Beijing controlled by billionaire Li Ka-shing, Hong Kong’s richest man. Two billion units in the trust, or 40 per cent, will be sold to investors. The issue price will be 5.24 yuan to 5.58 yuan, giving the trust a market capitalization of 26.2 billion to 27.9 billion yuan.

The remaining 60 per cent of the trust will be owned by six companies, including Cheung Kong (Holdings) Ltd. and Hutchison Whampoa Ltd., both controlled by Li, and Bank of China Ltd.

Oriental Plaza consists of a shopping mall, office and apartment towers and the Grand Hyatt Beijing hotel.

The IPO, which has been expected for several months, is the latest step in the growing use of China’s tightly controlled currency abroad. Investors and other companies looking to launch their own yuan stock offerings will be keenly watching the results. Hong Kong’s stock exchange has spent several months preparing for yuan trading, including holding an IPO simulation last month.

Beijing is promoting Hong Kong as a platform for yuan-based international banking. Hong Kong is a former British colony that was handed back to China in 1997, but maintains its own political and financial systems and currency.

Hong Kong banks started handling yuan in 2004 and now offer services including deposits, credit cards and trade financing that allows foreign companies to pay Chinese business partners in yuan.

The amount of yuan in Hong Kong’s banking system has skyrocketed over the past year, reaching 407.7 billion yuan in February, four times larger than in July 2010. Savers and investors believe the yuan will continue to gradually strengthen against the Hong Kong dollar and other currencies.

Hui Xian’s managers said investors will get an annual return of at least 4 per cent.

Beijing began allowing foreign companies to issue yuan debt last year. The World Bank, the Asian Development Bank, Caterpillar Inc. and McDonald’s Corp. have sold yuan-denominated debt to finance activities in China.

Hong Kong’s stock exchange topped the list last year for initial public offerings, with companies raising $57 billion in share sales, outpacing its rivals in London and New York.

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HONG KONG – (April 11, 2011) Clearlease.com Reports The world’s first yuan-denominated shares to list on a stock exchange outside mainland China will start trading in Hong Kong on April 29, managers said Sunday, amid surging investor interest in China’s appreciating currency.

An initial public offering for Hui Xian Real Estate Investment Trust will begin Monday and raise up to 11.2 billion yuan ($1.7 billion), the trust’s managers said.

The remaining 60 per cent of the trust will be owned by six companies, including Cheung Kong (Holdings) Ltd. and Hutchison Whampoa Ltd., both controlled by Li, and Bank of China Ltd.

Oriental Plaza consists of a shopping mall, office and apartment towers and the Grand Hyatt Beijing hotel.

Hong Kong banks started handling yuan in 2004 and now offer services including deposits, credit cards and trade financing that allows foreign companies to pay Chinese business partners in yuan.

Hui Xian’s managers said investors will get an annual return of at least 4 per cent.

Hong Kong’s stock exchange topped the list last year for initial public offerings, with companies raising $57 billion in share sales, outpacing its rivals in London and New York.

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

About Dominion Lending Centres Clearlease

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

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

###
Dominion Lending Centres Clearlease Reports Hong Kong to hold world’s first yuan IPO outside mainland China with shares in property trust

An initial public offering for Hui Xian Real Estate Investment Trust will begin Monday and raise up to 11.2 billion yuan ($1.7 billion), the trust’s managers said.

The remaining 60 per cent of the trust will be owned by six companies, including Cheung Kong (Holdings) Ltd. and Hutchison Whampoa Ltd., both controlled by Li, and Bank of China Ltd.

Oriental Plaza consists of a shopping mall, office and apartment towers and the Grand Hyatt Beijing hotel.

Hong Kong banks started handling yuan in 2004 and now offer services including deposits, credit cards and trade financing that allows foreign companies to pay Chinese business partners in yuan.

Hui Xian’s managers said investors will get an annual return of at least 4 per cent.

Hong Kong’s stock exchange topped the list last year for initial public offerings, with companies raising $57 billion in share sales, outpacing its rivals in London and New York.

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

About Dominion Lending Centres Clearlease

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease Reports Gammon Gold Inc. (TSX:GAM) has completed the acquisition of Capital Gold Corporation (TSX:CGC; NYSE AMEX:CGC)

TORONTO – (April 11, 2011) Clearlease.com Reports Gammon Gold Inc. (TSX:GAM) has completed the acquisition of Capital Gold Corporation (TSX:CGC; NYSE AMEX:CGC), expanding its presence in the Mexican gold and silver mining industry.

Toronto-based Gammon said late Friday it had closed the deal a week after Capital Gold shareholders voted 82 per cent to approve the friendly takeover of the company by Gammon.

Gammon successfully fought off Timmins Gold Corp. (TSXV:TMM) of Vancouver, which had tried to persuade New York-baased Capital Gold to back a rival bid.

With Capital Gold’s El Chanate mine contributing to production immediately and El Cubo ramping up to full-scale production, Gammon said it will soon be operating three fully owned mines in Mexico.

As well, Gammon will advance two development projects and handle a portfolio of exploration properties.

“We are pleased to complete the acquisition of Capital Gold with the support of Capital Gold’s shareholders,” Gammon president and CEO Rene Marion said in a release after stock markets closed.

Toronto-based Gammon said late Friday it had closed the deal a week after Capital Gold shareholders voted 82 per cent to approve the friendly takeover of the company by Gammon.

Gammon successfully fought off Timmins Gold Corp. (TSXV:TMM) of Vancouver, which had tried to persuade New York-baased Capital Gold to back a rival bid.

With Capital Gold’s El Chanate mine contributing to production immediately and El Cubo ramping up to full-scale production, Gammon said it will soon be operating three fully owned mines in Mexico.

As well, Gammon will advance two development projects and handle a portfolio of exploration properties.

“We are pleased to complete the acquisition of Capital Gold with the support of Capital Gold’s shareholders,” Gammon president and CEO Rene Marion said in a release after stock markets closed.

“Gammon’s operational experience and robust cash flow profile will allow our team to immediately enhance operations at El Chanate and accelerate the development of the underground Orion project.”Dominion Lending Centres Clearlease Reports Gammon Gold Inc. (TSX:GAM) has completed the acquisition of Capital Gold Corporation (TSX:CGC; NYSE AMEX:CGC)

Toronto-based Gammon said late Friday it had closed the deal a week after Capital Gold shareholders voted 82 per cent to approve the friendly takeover of the company by Gammon.

Gammon successfully fought off Timmins Gold Corp. (TSXV:TMM) of Vancouver, which had tried to persuade New York-baased Capital Gold to back a rival bid.

With Capital Gold’s El Chanate mine contributing to production immediately and El Cubo ramping up to full-scale production, Gammon said it will soon be operating three fully owned mines in Mexico.

As well, Gammon will advance two development projects and handle a portfolio of exploration properties.

“We are pleased to complete the acquisition of Capital Gold with the support of Capital Gold’s shareholders,” Gammon president and CEO Rene Marion said in a release after stock markets closed.

Dominion Lending Centres Clearlease Reports Johnson & Johnson (NYSE:JNJ) agrees to pay $70M to settle federal charges of bribing foreign doctors

PITTSBURGH, Pa. – (April 8, 2011) Clearlease.com Reports WASHINGTON – Pharmaceutical giant Johnson & Johnson (NYSE:JNJ) has agreed to pay $70 million to settle civil and criminal charges of bribing doctors in Europe and paying kickbacks to the Iraqi government to illegally obtain business.

The Securities and Exchange Commission said Friday that the company settled the charges with the agency and the Justice Department without admitting or denying guilt.

The government accused J&J subsidiaries of providing money and travel gifts to doctors in Greece, Poland and Romania in exchange for their prescribing J&J products to patients. The SEC says J&J agents used fake contracts and sham companies to deliver the bribes. The SEC says the bribes began at least 13 years ago.

J&J subsidiaries also allegedly paid kickbacks to the Iraqi government to obtain contracts under the United Nations Oil for Food Program.

J&J said in a statement that it alerted the government to the medical device kickbacks in 2007. The company identified similar violations across multiple businesses over the next three years, it said.

“We went to the government to report improper payments and have taken full responsibility for these actions,” said William Weldon, Chairman and CEO of J&J. “I know that these actions are not representative of Johnson & Johnson employees around the world who do what is honest and right every day.”

A spokeswoman for the company added that none of the employees cited in the charges are currently employed by J&J. The company said it expects to reach a settlement with regulators in the United Kingdom in the next several days.

The charges against J&J were brought under the Foreign Corrupt Practices Act, which bars publicly traded companies from bribing officials in other countries to get or retain business. In the past five years, the Justice Department has investigated several companies that sell medical devices in foreign countries for violating the law.

J&J’s household reputation has been battered in the past year by a string of recalls, including over-the-counter medicines — such as Children’s Tylenol and Benadryl — contact lenses and orthopedic hips.

Last month federal health regulators took legal control of the plant where millions of bottles of defective medication were produced.

The New Brunswick, N.J.-based health care company sells everything from Band-Aids to biotech drugs. J&J shares rose 7 cents to $59.55 Friday

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

About Dominion Lending Centres Clearlease

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

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The Securities and Exchange Commission said Friday that the company settled the charges with the agency and the Justice Department without admitting or denying guilt.

J&J subsidiaries also allegedly paid kickbacks to the Iraqi government to obtain contracts under the United Nations Oil for Food Program.

Last month federal health regulators took legal control of the plant where millions of bottles of defective medication were produced.

The New Brunswick, N.J.-based health care company sells everything from Band-Aids to biotech drugs. J&J shares rose 7 cents to $59.55 Friday

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

About Dominion Lending Centres Clearlease

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

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

###Dominion Lending Centres Clearlease Reports Johnson & Johnson (NYSE:JNJ) agrees to pay $70M to settle federal charges of bribing foreign doctors

The Securities and Exchange Commission said Friday that the company settled the charges with the agency and the Justice Department without admitting or denying guilt.

J&J subsidiaries also allegedly paid kickbacks to the Iraqi government to obtain contracts under the United Nations Oil for Food Program.

Last month federal health regulators took legal control of the plant where millions of bottles of defective medication were produced.

The New Brunswick, N.J.-based health care company sells everything from Band-Aids to biotech drugs. J&J shares rose 7 cents to $59.55 Friday

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

About Dominion Lending Centres Clearlease

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease Reports Aluminum manufacturing giant Alcoa Inc.(NYSE:AA) expected to post 1Q profit on stronger sales, prices

PITTSBURGH, Pa. – (April 8, 2011) Clearlease.com Reports Alcoa Inc.(NYSE:AA) starts the quarterly earnings season when it reports first-quarter results Monday after the markets close.

WHAT TO WATCH FOR: Whether Alcoa has benefited from more sales of aluminum at higher prices as it copes with rising energy costs.

The Pittsburgh aluminum manufacturing giant expects global aluminum consumption to increase 12 per cent this year and has restarted some operations that were closed when business dried up during the recession.

Business is improving for many of Alcoa’s key customers, including the automobile and aerospace industries and manufacturers of long-lasting consumer products such as appliances and electronics.

Aluminum prices rose about 7 per cent in the first quarter, compared with the fourth quarter. So did raw-materials costs, including energy to run refineries and smelters.

Alcoa expects demand for its products to strengthen this year, particularly in growing emerging markets like the Middle East, Latin America and Asia.

WHY IT MATTERS: Alcoa’s performance can reflect economic trends because its products reach across a broad range of businesses. Its customer base includes automobile, trucking and aerospace industries, consumer products and construction. Nearly 80 per cent of its sales are in the U.S. and Europe.

WHAT’S EXPECTED: Analysts surveyed by FactSet forecast earnings of 27 cents a share on sales of $6.16 billion.

They expect Alcoa to report improved demand for its products but question if increased raw-materials and transportation costs will offset gains from higher aluminum prices.

In addition, Alcoa has said it expects first-quarter costs of $15 million for scheduled maintenance outages in its alumina division and $10 million to restart U.S. smelters.

Analysts also will look for any indication that demand may pick up in Japan as it rebuilds after last month’s devastating earthquake and tsunami.

LAST YEAR’S QUARTER: Alcoa reported a net loss of $201 million, or 20 cents per share, on sales of $4.9 billion. Its share price rose from $15.39 to $17.66 in the quarter.