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Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports TSX May Struggle To Extend Gains As Commodities Level Off

Bay Street stocks may struggle to extend gains Tuesday morning amid concerns about Japan’s nuclear crisis and another downgrade of Portugal’s credit rating. Traders will also turn cautious ahead of the publication of the minutes to the last rate-setting meeting of the U.S. Federal Reserve.

Meanwhile, commodities were ticking lower amid expectations of a rate hike by the ECB as early as this week. Elsewhere, China hiked its rates for the second time this year to cool off its red hot economy.

U.S. stock futures were pointing to a lower open ahead of the ISM non-manufacturing survey results.

On Monday, the S&P/TSX Composite Index added 88.20 points or 0.62 percent to 14,218.35 amid buying in metal stocks.

The price of crude oil was leveling off from its recent peak amid reports that Libyan opposition is preparing to export crude oil for the first time since the conflict began last month. Crude for May edged down $0.44 to $108.03 a barrel.

The price of gold was firm above $1,430 amid a mixed U.S. dollar. Gold for June edged up $3.60 to $1436.60 an ounce.

In corporate news from Canada, Integrated wood products company West Fraser Timber said it would sell its Skeena Sawmills Division to ROC Holdings Ltd.

Automotive sector components maker Alternative Fuel Systems (2004) Inc. said it would be acquired by Fuel Systems Solutions Inc., through its subsidiary IMPCO Technologies Inc. for C$0.50 in cash per share. The transaction is valued at about C$9.4 million and the purchase price represents a 66.7 percent premium over average closing price for last 20 trading days of C$0.30.

Airlines company WestJet Airlines reported a 13.3 percent increase in traffic for March. Traffic, measure in revenue passenger miles or RPMs for the month was up to 1.55 billion RPMs from 1.370 billion RPMs a year ago.

Earlier today, China raised its key interest rates for the second time this year in its effort to cool off its red hot economy. The People’s Bank of China said the benchmark one-year lending rate will increase to 6.31 percent from 6.06 percent and the one-year deposit rate will rise to 3.25 percent from 3 percent, effective Wednesday.

Meanwhile, ratings agency Moody’s Investors Service lowered Portugal’s credit rating for the second time in less than a month.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports TSX May Struggle To Extend Gains As Commodities Level Off

Bay Street stocks may struggle to extend gains Tuesday morning amid concerns about Japan’s nuclear crisis and another downgrade of Portugal’s credit rating. Traders will also turn cautious ahead of the publication of the minutes to the last rate-setting meeting of the U.S. Federal Reserve.

Meanwhile, commodities were ticking lower amid expectations of a rate hike by the ECB as early as this week. Elsewhere, China hiked its rates for the second time this year to cool off its red hot economy.

U.S. stock futures were pointing to a lower open ahead of the ISM non-manufacturing survey results.

On Monday, the S&P/TSX Composite Index added 88.20 points or 0.62 percent to 14,218.35 amid buying in metal stocks.

The price of crude oil was leveling off from its recent peak amid reports that Libyan opposition is preparing to export crude oil for the first time since the conflict began last month. Crude for May edged down $0.44 to $108.03 a barrel.

The price of gold was firm above $1,430 amid a mixed U.S. dollar. Gold for June edged up $3.60 to $1436.60 an ounce.

In corporate news from Canada, Integrated wood products company West Fraser Timber said it would sell its Skeena Sawmills Division to ROC Holdings Ltd.

Automotive sector components maker Alternative Fuel Systems (2004) Inc. said it would be acquired by Fuel Systems Solutions Inc., through its subsidiary IMPCO Technologies Inc. for C$0.50 in cash per share. The transaction is valued at about C$9.4 million and the purchase price represents a 66.7 percent premium over average closing price for last 20 trading days of C$0.30.

Airlines company WestJet Airlines reported a 13.3 percent increase in traffic for March. Traffic, measure in revenue passenger miles or RPMs for the month was up to 1.55 billion RPMs from 1.370 billion RPMs a year ago.

Earlier today, China raised its key interest rates for the second time this year in its effort to cool off its red hot economy. The People’s Bank of China said the benchmark one-year lending rate will increase to 6.31 percent from 6.06 percent and the one-year deposit rate will rise to 3.25 percent from 3 percent, effective Wednesday.

Meanwhile, ratings agency Moody’s Investors Service lowered Portugal’s credit rating for the second time in less than a month.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports TSX May Struggle To Extend Gains As Commodities Level Off

Bay Street stocks may struggle to extend gains Tuesday morning amid concerns about Japan’s nuclear crisis and another downgrade of Portugal’s credit rating. Traders will also turn cautious ahead of the publication of the minutes to the last rate-setting meeting of the U.S. Federal Reserve.

Meanwhile, commodities were ticking lower amid expectations of a rate hike by the ECB as early as this week. Elsewhere, China hiked its rates for the second time this year to cool off its red hot economy.

U.S. stock futures were pointing to a lower open ahead of the ISM non-manufacturing survey results.

On Monday, the S&P/TSX Composite Index added 88.20 points or 0.62 percent to 14,218.35 amid buying in metal stocks.

The price of crude oil was leveling off from its recent peak amid reports that Libyan opposition is preparing to export crude oil for the first time since the conflict began last month. Crude for May edged down $0.44 to $108.03 a barrel.

The price of gold was firm above $1,430 amid a mixed U.S. dollar. Gold for June edged up $3.60 to $1436.60 an ounce.

In corporate news from Canada, Integrated wood products company West Fraser Timber said it would sell its Skeena Sawmills Division to ROC Holdings Ltd.

Automotive sector components maker Alternative Fuel Systems (2004) Inc. said it would be acquired by Fuel Systems Solutions Inc., through its subsidiary IMPCO Technologies Inc. for C$0.50 in cash per share. The transaction is valued at about C$9.4 million and the purchase price represents a 66.7 percent premium over average closing price for last 20 trading days of C$0.30.

Airlines company WestJet Airlines reported a 13.3 percent increase in traffic for March. Traffic, measure in revenue passenger miles or RPMs for the month was up to 1.55 billion RPMs from 1.370 billion RPMs a year ago.

Earlier today, China raised its key interest rates for the second time this year in its effort to cool off its red hot economy. The People’s Bank of China said the benchmark one-year lending rate will increase to 6.31 percent from 6.06 percent and the one-year deposit rate will rise to 3.25 percent from 3 percent, effective Wednesday.

Meanwhile, ratings agency Moody’s Investors Service lowered Portugal’s credit rating for the second time in less than a month.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Ivernia Inc. (TSX:IVW) stock plunged Tuesday after it announced the voluntary halt to operations at its flagship operation in Australia after lead-contaminated mud was found on the bottom of a shipping container from its Magellan mine.

The Toronto-based company’s stock fell five cents or nearly 13 per cent to 34 cents after it made the announcement Tuesday.

“Magellan Metals appreciates that there is considerable local interest in its operations in Western Australia and regards the discovery of Magellan lead in the mud sample as unacceptable, no matter where it originated,” Ivernia said.

“It has therefore initiated clean up of the lead-bearing mud, regardless of its origin.”

Lead is a metal with a variety of industrial purposes, including in conventional car batteries, some types of paint, and formerly in gasoline. Its use in some products has been curtailed in many economically advanced countries after lead-poisoning was linked to certain health problems.

Ivernia had been ramping up production at Magellan since February 2010 following a years-long hiatus after the Port of Esperance suspended lead shipments in 2007.

After getting permission from Australian environmental authorities, it has been using the Port of Freport for its shipments of lead carbonate concentrate.

The company said Tuesday that testing of a sample of dried mud from the bottom of a shipping container has determined there’s a “high probability” the lead is from the Magellan mine.

However, Ivernia took pains to say that there’s “no suggestion the source of the lead is from the bagged lead carbonate concentrate within the shipping container” and there is no risk to public safety.

It also suggested that the mud could have come from a rail yard at Leonaora, which is owned and operated by another company, that may have residual lead from the 2005 to 2007 era at Magellan.

The company is also undertaking an “end-to-end” review of all its activities related to the Magellan mine and has begun a preliminary investigation into the source and extent of the lead-bearing mud.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Ivernia Inc. (TSX:IVW) stock plunged Tuesday after it announced the voluntary halt to operations at its flagship operation in Australia after lead-contaminated mud was found on the bottom of a shipping container from its Magellan mine.

The Toronto-based company’s stock fell five cents or nearly 13 per cent to 34 cents after it made the announcement Tuesday.

“Magellan Metals appreciates that there is considerable local interest in its operations in Western Australia and regards the discovery of Magellan lead in the mud sample as unacceptable, no matter where it originated,” Ivernia said.

“It has therefore initiated clean up of the lead-bearing mud, regardless of its origin.”

Lead is a metal with a variety of industrial purposes, including in conventional car batteries, some types of paint, and formerly in gasoline. Its use in some products has been curtailed in many economically advanced countries after lead-poisoning was linked to certain health problems.

Ivernia had been ramping up production at Magellan since February 2010 following a years-long hiatus after the Port of Esperance suspended lead shipments in 2007.

After getting permission from Australian environmental authorities, it has been using the Port of Freport for its shipments of lead carbonate concentrate.

The company said Tuesday that testing of a sample of dried mud from the bottom of a shipping container has determined there’s a “high probability” the lead is from the Magellan mine.

However, Ivernia took pains to say that there’s “no suggestion the source of the lead is from the bagged lead carbonate concentrate within the shipping container” and there is no risk to public safety.

It also suggested that the mud could have come from a rail yard at Leonaora, which is owned and operated by another company, that may have residual lead from the 2005 to 2007 era at Magellan.

The company is also undertaking an “end-to-end” review of all its activities related to the Magellan mine and has begun a preliminary investigation into the source and extent of the lead-bearing mud.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Ivernia Inc. (TSX:IVW) stock plunged Tuesday after it announced the voluntary halt to operations at its flagship operation in Australia after lead-contaminated mud was found on the bottom of a shipping container from its Magellan mine.

The Toronto-based company’s stock fell five cents or nearly 13 per cent to 34 cents after it made the announcement Tuesday.

“Magellan Metals appreciates that there is considerable local interest in its operations in Western Australia and regards the discovery of Magellan lead in the mud sample as unacceptable, no matter where it originated,” Ivernia said.

“It has therefore initiated clean up of the lead-bearing mud, regardless of its origin.”

Lead is a metal with a variety of industrial purposes, including in conventional car batteries, some types of paint, and formerly in gasoline. Its use in some products has been curtailed in many economically advanced countries after lead-poisoning was linked to certain health problems.

Ivernia had been ramping up production at Magellan since February 2010 following a years-long hiatus after the Port of Esperance suspended lead shipments in 2007.

After getting permission from Australian environmental authorities, it has been using the Port of Freport for its shipments of lead carbonate concentrate.

The company said Tuesday that testing of a sample of dried mud from the bottom of a shipping container has determined there’s a “high probability” the lead is from the Magellan mine.

However, Ivernia took pains to say that there’s “no suggestion the source of the lead is from the bagged lead carbonate concentrate within the shipping container” and there is no risk to public safety.

It also suggested that the mud could have come from a rail yard at Leonaora, which is owned and operated by another company, that may have residual lead from the 2005 to 2007 era at Magellan.

The company is also undertaking an “end-to-end” review of all its activities related to the Magellan mine and has begun a preliminary investigation into the source and extent of the lead-bearing mud.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports the largest shareholder of Bennett Environmental Inc. (TSX:BEV), which wants to replace most of the current directors, says it has lodged a complaint today with the Toronto Stock Exchange about the board’s “self-serving behaviour.”

Second City Capital Partners, which owns about 22 per cent of Bennett shares, has nominated representatives to replace four out of the five current directors on Bennett’s board.

Bennett of Oakville, Ont., acknowledged Monday that it had received Second City’s demand for a special shareholder vote, dated March 15, but said its legal advisers determined the requisition wasn’t valid.

As a result, Bennett said Monday that it would hold its regular general annual meeting, when shareholders have a chance to vote on the board nominees, for June 29 — almost a month later than the May 31 date Second City requested.

Vancouver-based Second City said Tuesday it believes “the delay is unnecessary and may be harmful to the interests of shareholders.”

The private equity firm says it’s concerned about an agreement between Bennett and an unidentified securities dealer. It says details were “buried” in a March 28 disclosure document filed by the company.

The private equity firm says it has lost confidence in F. Blair, J. Mark MacDonald, Ralph Neville and Jack Shaw, who sat on a special committee that rejected Second City’s request for a special shareholder meeting.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports the largest shareholder of Bennett Environmental Inc. (TSX:BEV), which wants to replace most of the current directors, says it has lodged a complaint today with the Toronto Stock Exchange about the board’s “self-serving behaviour.”

Second City Capital Partners, which owns about 22 per cent of Bennett shares, has nominated representatives to replace four out of the five current directors on Bennett’s board.

Bennett of Oakville, Ont., acknowledged Monday that it had received Second City’s demand for a special shareholder vote, dated March 15, but said its legal advisers determined the requisition wasn’t valid.

As a result, Bennett said Monday that it would hold its regular general annual meeting, when shareholders have a chance to vote on the board nominees, for June 29 — almost a month later than the May 31 date Second City requested.

Vancouver-based Second City said Tuesday it believes “the delay is unnecessary and may be harmful to the interests of shareholders.”

The private equity firm says it’s concerned about an agreement between Bennett and an unidentified securities dealer. It says details were “buried” in a March 28 disclosure document filed by the company.

The private equity firm says it has lost confidence in F. Blair, J. Mark MacDonald, Ralph Neville and Jack Shaw, who sat on a special committee that rejected Second City’s request for a special shareholder meeting.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports the largest shareholder of Bennett Environmental Inc. (TSX:BEV), which wants to replace most of the current directors, says it has lodged a complaint today with the Toronto Stock Exchange about the board’s “self-serving behaviour.”

Second City Capital Partners, which owns about 22 per cent of Bennett shares, has nominated representatives to replace four out of the five current directors on Bennett’s board.

Bennett of Oakville, Ont., acknowledged Monday that it had received Second City’s demand for a special shareholder vote, dated March 15, but said its legal advisers determined the requisition wasn’t valid.

As a result, Bennett said Monday that it would hold its regular general annual meeting, when shareholders have a chance to vote on the board nominees, for June 29 — almost a month later than the May 31 date Second City requested.

Vancouver-based Second City said Tuesday it believes “the delay is unnecessary and may be harmful to the interests of shareholders.”

The private equity firm says it’s concerned about an agreement between Bennett and an unidentified securities dealer. It says details were “buried” in a March 28 disclosure document filed by the company.

The private equity firm says it has lost confidence in F. Blair, J. Mark MacDonald, Ralph Neville and Jack Shaw, who sat on a special committee that rejected Second City’s request for a special shareholder meeting.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Labrador Iron Mines Holdings Limited (TSX:LIM) says it has entered into an underwriting agreement to raise $110 million in financial markets to help develop its iron ore projects in Quebec and Labrador.

The company said Tuesday it will sell eight million common shares at $12 each and 666,700 flow-through shares at $15 each to raise $110 million.

The miner’s shares had been halted on the TSX pending the news.

Labrador Iron said it will use the money to upgrade its Silver Yards plant, pay for rail transportation, exploration and development and for general corporate and working capital purposes.

Labrador Iron Mines is focused on developing iron ore deposits in western Labrador and northeastern Quebec near Schefferville, Que.

In TSX trading, the company’s stock fell 50 cents to $13.35, a drop of 3.6 per cent.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Labrador Iron Mines Holdings Limited (TSX:LIM) says it has entered into an underwriting agreement to raise $110 million in financial markets to help develop its iron ore projects in Quebec and Labrador.

The company said Tuesday it will sell eight million common shares at $12 each and 666,700 flow-through shares at $15 each to raise $110 million.

The miner’s shares had been halted on the TSX pending the news.

Labrador Iron said it will use the money to upgrade its Silver Yards plant, pay for rail transportation, exploration and development and for general corporate and working capital purposes.

Labrador Iron Mines is focused on developing iron ore deposits in western Labrador and northeastern Quebec near Schefferville, Que.

In TSX trading, the company’s stock fell 50 cents to $13.35, a drop of 3.6 per cent.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Labrador Iron Mines Holdings Limited (TSX:LIM) says it has entered into an underwriting agreement to raise $110 million in financial markets to help develop its iron ore projects in Quebec and Labrador.

The company said Tuesday it will sell eight million common shares at $12 each and 666,700 flow-through shares at $15 each to raise $110 million.

The miner’s shares had been halted on the TSX pending the news.

Labrador Iron said it will use the money to upgrade its Silver Yards plant, pay for rail transportation, exploration and development and for general corporate and working capital purposes.

Labrador Iron Mines is focused on developing iron ore deposits in western Labrador and northeastern Quebec near Schefferville, Que.

In TSX trading, the company’s stock fell 50 cents to $13.35, a drop of 3.6 per cent.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Exchange operator Nasdaq OMX Group reported today that it will rebalance its benchmark Nasdaq 100 index, cutting the weighting of widely held stocks, such as Apple Inc, and causing volatility as investors adjust their portfolios.

Nasdaq OMX is rebalancing the index by cutting the weighting of 82 securities to bring the weighting more in line with market capitalizations, the exchange said on Tuesday.

The rebalancing hit shares of Apple and boosted shares of Microsoft Corp and was one reason for the Nasdaq futures falling before the opening bell.

The rebalancing will affect the relative weights of all the securities in the index and cause popular index-tracking funds such as the PowerShares QQQ to buy and sell shares to match the new composition of the index.

Apple fell 1.7 percent to $335.50 while Microsoft rose 1.4 percent to $25.91.

Once the rebalancing takes effect May 2, the projected weight of Apple will be 12.33 percent of the index compared with a current weight of 20.49 percent, Nasdaq said on its website.

Microsoft’s weighting will rise 4.9 percent. Other big changes include Oracle, whose weighting will rise 3.4 percent, Intel up 2.5 percent, Cisco Systems, up 2.1 percent and Google up 1.6 percent.

Apple will continue to remain the largest component of the Nasdaq-100 index.

” Nasdaq decided to enact a special rebalance in order to bring the weights of the index securities closer in line with their actual market capitalizations,” the exchange said.

The special rebalancing of the Nasdaq 100 Index will be enacted based on index securities and shares outstanding as of March 31, the company said.

People viewing AAPL also viewed: GOOG AMZN NFLX BIDU PCLN CMG

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Exchange operator Nasdaq OMX Group reported today that it will rebalance its benchmark Nasdaq 100 index, cutting the weighting of widely held stocks, such as Apple Inc, and causing volatility as investors adjust their portfolios.

Nasdaq OMX is rebalancing the index by cutting the weighting of 82 securities to bring the weighting more in line with market capitalizations, the exchange said on Tuesday.

The rebalancing hit shares of Apple and boosted shares of Microsoft Corp and was one reason for the Nasdaq futures falling before the opening bell.

The rebalancing will affect the relative weights of all the securities in the index and cause popular index-tracking funds such as the PowerShares QQQ to buy and sell shares to match the new composition of the index.

Apple fell 1.7 percent to $335.50 while Microsoft rose 1.4 percent to $25.91.

Once the rebalancing takes effect May 2, the projected weight of Apple will be 12.33 percent of the index compared with a current weight of 20.49 percent, Nasdaq said on its website.

Microsoft’s weighting will rise 4.9 percent. Other big changes include Oracle, whose weighting will rise 3.4 percent, Intel up 2.5 percent, Cisco Systems, up 2.1 percent and Google up 1.6 percent.

Apple will continue to remain the largest component of the Nasdaq-100 index.

” Nasdaq decided to enact a special rebalance in order to bring the weights of the index securities closer in line with their actual market capitalizations,” the exchange said.

The special rebalancing of the Nasdaq 100 Index will be enacted based on index securities and shares outstanding as of March 31, the company said.

People viewing AAPL also viewed: GOOG AMZN NFLX BIDU PCLN CMG

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Exchange operator Nasdaq OMX Group reported today that it will rebalance its benchmark Nasdaq 100 index, cutting the weighting of widely held stocks, such as Apple Inc, and causing volatility as investors adjust their portfolios.

Nasdaq OMX is rebalancing the index by cutting the weighting of 82 securities to bring the weighting more in line with market capitalizations, the exchange said on Tuesday.

The rebalancing hit shares of Apple and boosted shares of Microsoft Corp and was one reason for the Nasdaq futures falling before the opening bell.

The rebalancing will affect the relative weights of all the securities in the index and cause popular index-tracking funds such as the PowerShares QQQ to buy and sell shares to match the new composition of the index.

Apple fell 1.7 percent to $335.50 while Microsoft rose 1.4 percent to $25.91.

Once the rebalancing takes effect May 2, the projected weight of Apple will be 12.33 percent of the index compared with a current weight of 20.49 percent, Nasdaq said on its website.

Microsoft’s weighting will rise 4.9 percent. Other big changes include Oracle, whose weighting will rise 3.4 percent, Intel up 2.5 percent, Cisco Systems, up 2.1 percent and Google up 1.6 percent.

Apple will continue to remain the largest component of the Nasdaq-100 index.

” Nasdaq decided to enact a special rebalance in order to bring the weights of the index securities closer in line with their actual market capitalizations,” the exchange said.

The special rebalancing of the Nasdaq 100 Index will be enacted based on index securities and shares outstanding as of March 31, the company said.

People viewing AAPL also viewed: GOOG AMZN NFLX BIDU PCLN CMG

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Oil prices remained near 31-month highs but slipped below US$108 per barrel Tuesday, amid expectations that U.S. crude stockpiles have risen and hopes that Libya is slowly resuming shipments of oil from rebel-held ports.

By early afternoon in Europe, benchmark crude for April delivery was down 58 cents at $107.89 a barrel in electronic trading on the New York Mercantile Exchange. On Monday, the contract gained 53 cents to settle at $108.47, the highest since September 2008.

In London, Brent crude for April delivery was down 47 cents to $120.59 a barrel on the ICE Futures exchange.

Prices also drifted lower as traders booked profits and mulled whether political uprisings in the Middle East and signs of strong global crude demand justify the 30 per cent rally that started in mid-February.

On Monday, Libyan rebels fought forces loyal to Moammar Gadhafi in the Mediterranean oil port of Brega. Control of the town has switched sides several times since the rebellion began in February.

“This is becoming a long-drawn out fight that promises to dominate headlines for weeks and potentially months,” Cameron Hanover said in a report. “One has to wonder what kind of long-term damage may be inflicted on oil facilities in this key coastal city.”

Most of Libya’s 1.6 million barrels a day of crude output capacity has been shut down by the fighting. However, supplies from other oil producers in the Middle East and North Africa have not been disrupted, and some analysts expect oil prices will drop as protests in the region die down.

“The worst fears of contagion to other major producers have not been proved right,” Capital Economics said. “In time we expect the geopolitical risk premium in oil prices to fall away.”

Meanwhile, a tanker was on its way to Libya’s rebel-held port of Marsa el-Hariga on Tuesday to load up a shipment of oil for export.

The delivery would be only a tiny fraction of Libya’s pre-crisis exports, but is viewed as a symbolic step forward.

“The significance is not only that this is the first shipment in 18 days, but also a signal that Libya is open to international trade and shipping,” said markets editor Michelle Wiese Bockmann, from shipping newspapers Lloyd’s List.

The potential of unrest in Nigeria, after the postponement of elections there was also worrying markets.

Nigeria output of 2.4 million barrels of oil a day makes it Africa’s top producer and it is a major supplier to the United States.

Improving global economic data also helped boost prices recently. Strong U.S. jobs figures and Chinese manufacturing numbers last week suggested demand in the two largest crude consumers will likely stay robust.

But higher prices for crude products such as gasoline, diesel and heating oil threaten to quicken inflation and push central banks to raise interest rates, which in turn could cool economic growth and oil demand.

“Many commodity prices are reaching danger levels that, while boosting inflation in the short term, will also undermine global demand for these same commodities over the medium term, increasing the chances that prices subsequently collapse,” Capital Economics said.

The market, meanwhile, was awaiting information about the level of U.S. oil stockpiles.

Data for the week ending April 1 is expected to show a build of 1.3 million barrels in crude oil stocks and a draw of 2.1 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

The American Petroleum Institute will release its report on oil stocks later Tuesday, while the report from the Energy Department’s Energy Information Administration — the market benchmark — will be out on Wednesday.

In other Nymex trading in April contracts, heating oil fell 1.98 cents to $3.1516 a gallon and gasoline dropped 1.32 cents to $3.1556 a gallon. Natural gas futures were down 2.5 cents at $4.264 per 1,000 cubic feet.

(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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Oil prices remained near 31-month highs but slipped below US$108 per barrel Tuesday, amid expectations that U.S. crude stockpiles have risen and hopes that Libya is slowly resuming shipments of oil from rebel-held ports.

By early afternoon in Europe, benchmark crude for April delivery was down 58 cents at $107.89 a barrel in electronic trading on the New York Mercantile Exchange. On Monday, the contract gained 53 cents to settle at $108.47, the highest since September 2008.

In London, Brent crude for April delivery was down 47 cents to $120.59 a barrel on the ICE Futures exchange.

Prices also drifted lower as traders booked profits and mulled whether political uprisings in the Middle East and signs of strong global crude demand justify the 30 per cent rally that started in mid-February.

On Monday, Libyan rebels fought forces loyal to Moammar Gadhafi in the Mediterranean oil port of Brega. Control of the town has switched sides several times since the rebellion began in February.

“This is becoming a long-drawn out fight that promises to dominate headlines for weeks and potentially months,” Cameron Hanover said in a report. “One has to wonder what kind of long-term damage may be inflicted on oil facilities in this key coastal city.”

Most of Libya’s 1.6 million barrels a day of crude output capacity has been shut down by the fighting. However, supplies from other oil producers in the Middle East and North Africa have not been disrupted, and some analysts expect oil prices will drop as protests in the region die down.

“The worst fears of contagion to other major producers have not been proved right,” Capital Economics said. “In time we expect the geopolitical risk premium in oil prices to fall away.”

Meanwhile, a tanker was on its way to Libya’s rebel-held port of Marsa el-Hariga on Tuesday to load up a shipment of oil for export.

The delivery would be only a tiny fraction of Libya’s pre-crisis exports, but is viewed as a symbolic step forward.

“The significance is not only that this is the first shipment in 18 days, but also a signal that Libya is open to international trade and shipping,” said markets editor Michelle Wiese Bockmann, from shipping newspapers Lloyd’s List.

The potential of unrest in Nigeria, after the postponement of elections there was also worrying markets.

Nigeria output of 2.4 million barrels of oil a day makes it Africa’s top producer and it is a major supplier to the United States.

Improving global economic data also helped boost prices recently. Strong U.S. jobs figures and Chinese manufacturing numbers last week suggested demand in the two largest crude consumers will likely stay robust.

But higher prices for crude products such as gasoline, diesel and heating oil threaten to quicken inflation and push central banks to raise interest rates, which in turn could cool economic growth and oil demand.

“Many commodity prices are reaching danger levels that, while boosting inflation in the short term, will also undermine global demand for these same commodities over the medium term, increasing the chances that prices subsequently collapse,” Capital Economics said.

The market, meanwhile, was awaiting information about the level of U.S. oil stockpiles.

Data for the week ending April 1 is expected to show a build of 1.3 million barrels in crude oil stocks and a draw of 2.1 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

The American Petroleum Institute will release its report on oil stocks later Tuesday, while the report from the Energy Department’s Energy Information Administration — the market benchmark — will be out on Wednesday.

In other Nymex trading in April contracts, heating oil fell 1.98 cents to $3.1516 a gallon and gasoline dropped 1.32 cents to $3.1556 a gallon. Natural gas futures were down 2.5 cents at $4.264 per 1,000 cubic feet.

(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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Oil prices remained near 31-month highs but slipped below US$108 per barrel Tuesday, amid expectations that U.S. crude stockpiles have risen and hopes that Libya is slowly resuming shipments of oil from rebel-held ports.

By early afternoon in Europe, benchmark crude for April delivery was down 58 cents at $107.89 a barrel in electronic trading on the New York Mercantile Exchange. On Monday, the contract gained 53 cents to settle at $108.47, the highest since September 2008.

In London, Brent crude for April delivery was down 47 cents to $120.59 a barrel on the ICE Futures exchange.

Prices also drifted lower as traders booked profits and mulled whether political uprisings in the Middle East and signs of strong global crude demand justify the 30 per cent rally that started in mid-February.

On Monday, Libyan rebels fought forces loyal to Moammar Gadhafi in the Mediterranean oil port of Brega. Control of the town has switched sides several times since the rebellion began in February.

“This is becoming a long-drawn out fight that promises to dominate headlines for weeks and potentially months,” Cameron Hanover said in a report. “One has to wonder what kind of long-term damage may be inflicted on oil facilities in this key coastal city.”

Most of Libya’s 1.6 million barrels a day of crude output capacity has been shut down by the fighting. However, supplies from other oil producers in the Middle East and North Africa have not been disrupted, and some analysts expect oil prices will drop as protests in the region die down.

“The worst fears of contagion to other major producers have not been proved right,” Capital Economics said. “In time we expect the geopolitical risk premium in oil prices to fall away.”

Meanwhile, a tanker was on its way to Libya’s rebel-held port of Marsa el-Hariga on Tuesday to load up a shipment of oil for export.

The delivery would be only a tiny fraction of Libya’s pre-crisis exports, but is viewed as a symbolic step forward.

“The significance is not only that this is the first shipment in 18 days, but also a signal that Libya is open to international trade and shipping,” said markets editor Michelle Wiese Bockmann, from shipping newspapers Lloyd’s List.

The potential of unrest in Nigeria, after the postponement of elections there was also worrying markets.

Nigeria output of 2.4 million barrels of oil a day makes it Africa’s top producer and it is a major supplier to the United States.

Improving global economic data also helped boost prices recently. Strong U.S. jobs figures and Chinese manufacturing numbers last week suggested demand in the two largest crude consumers will likely stay robust.

But higher prices for crude products such as gasoline, diesel and heating oil threaten to quicken inflation and push central banks to raise interest rates, which in turn could cool economic growth and oil demand.

“Many commodity prices are reaching danger levels that, while boosting inflation in the short term, will also undermine global demand for these same commodities over the medium term, increasing the chances that prices subsequently collapse,” Capital Economics said.

The market, meanwhile, was awaiting information about the level of U.S. oil stockpiles.

Data for the week ending April 1 is expected to show a build of 1.3 million barrels in crude oil stocks and a draw of 2.1 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

The American Petroleum Institute will release its report on oil stocks later Tuesday, while the report from the Energy Department’s Energy Information Administration — the market benchmark — will be out on Wednesday.

In other Nymex trading in April contracts, heating oil fell 1.98 cents to $3.1516 a gallon and gasoline dropped 1.32 cents to $3.1556 a gallon. Natural gas futures were down 2.5 cents at $4.264 per 1,000 cubic feet.

(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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Diamond Foods Inc. (Nasdaq:DMD) is buying Procter & Gamble Co.’s (NYSE:PG) Pringles chips business in a $1.5 billion deal, the biggest in a string that have given the maker of Pop Secret popcorn and Kettle chips a steadily growing share of the snack aisle.

The deal also completes P&G’s exit from all its major food businesses. The maker of Tide and Pampers has sold off Folgers coffee, Jif peanut butter, Crisco Shortening and Sunny Delight drinks in recent years.

Diamond was known mostly for its nuts when it started out. But a series of acquisitions has steadily broadened its array of snacks. It picked up Pop Secret in 2008 and Kettle last year.

The deal is structured to create a new company under the Diamond Foods name. P&G shareholders will get about 57 per cent of the combined company, while Diamond shareholders will own about 43 per cent.

Diamond said Tuesday that the Pringles transaction will more than triple the size of its snack business and help bring its annual revenue to about $2.4 billion.

The San Francisco company’s stock (Nasdaq:DMD) gained $6.25, or 11 per cent, to $63.47 in early trading Tuesday.

“Pringles is an iconic, billion-dollar snack brand with significant global manufacturing and supply chain infrastructure,” Diamond Chairman, President and CEO Michael J. Mendes said in a statement.

Diamond says the addition of Pringles will more than double its snack sales in the U.S. and U.K., which are Pringles’ two biggest markets. It will also give Diamond a greater presence in U.S. grocery, drug, mass merchandise and convenience stores.

The Pringles brand is more than four decades old and is sold in more than 140 countries, with manufacturing plants in the U.S., Europe and Asia.

The deal includes $1.5 billion in Diamond stock and the assumption of $850 million of debt. The combined business, whose headquarters will stay in San Francisco, will be led by Diamond’s Mendes.

Procter & Gamble said the Pringles deal will likely be part of a “split-off” transaction in which stockholders can choose to take part in an exchange offer, swapping Procter & Gamble shares for Diamond stock.

The debt that Diamond assumes could vary based on movements in its stock price before the deal closes. The debt amount could increase by up to $200 million or be reduced by up to $150 million based on the mechanism.

The deal will give Procter & Gamble a one-time earnings boost of about $1.5 billion, or 50 cents per share. Its shares (NYSE:PG) dipped five cents to US$62.21 in early trading Tuesday.

If the Pringles transaction closes before the end of the year, Diamond anticipates fiscal 2012 earnings per share between $3 and $3.10 per share on revenue of about $1.8 billion. The forecast excludes costs associated with the Pringles deal.

Diamond, which also makes Emerald nuts, expects about $100 million in one-time costs tied to the Pringles transaction over the next two years.

The deal, which still needs Diamond stockholder approval, is expected to close by the end of the year.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Diamond Foods Inc. (Nasdaq:DMD) is buying Procter & Gamble Co.’s (NYSE:PG) Pringles chips business in a $1.5 billion deal, the biggest in a string that have given the maker of Pop Secret popcorn and Kettle chips a steadily growing share of the snack aisle.

The deal also completes P&G’s exit from all its major food businesses. The maker of Tide and Pampers has sold off Folgers coffee, Jif peanut butter, Crisco Shortening and Sunny Delight drinks in recent years.

Diamond was known mostly for its nuts when it started out. But a series of acquisitions has steadily broadened its array of snacks. It picked up Pop Secret in 2008 and Kettle last year.

The deal is structured to create a new company under the Diamond Foods name. P&G shareholders will get about 57 per cent of the combined company, while Diamond shareholders will own about 43 per cent.

Diamond said Tuesday that the Pringles transaction will more than triple the size of its snack business and help bring its annual revenue to about $2.4 billion.

The San Francisco company’s stock (Nasdaq:DMD) gained $6.25, or 11 per cent, to $63.47 in early trading Tuesday.

“Pringles is an iconic, billion-dollar snack brand with significant global manufacturing and supply chain infrastructure,” Diamond Chairman, President and CEO Michael J. Mendes said in a statement.

Diamond says the addition of Pringles will more than double its snack sales in the U.S. and U.K., which are Pringles’ two biggest markets. It will also give Diamond a greater presence in U.S. grocery, drug, mass merchandise and convenience stores.

The Pringles brand is more than four decades old and is sold in more than 140 countries, with manufacturing plants in the U.S., Europe and Asia.

The deal includes $1.5 billion in Diamond stock and the assumption of $850 million of debt. The combined business, whose headquarters will stay in San Francisco, will be led by Diamond’s Mendes.

Procter & Gamble said the Pringles deal will likely be part of a “split-off” transaction in which stockholders can choose to take part in an exchange offer, swapping Procter & Gamble shares for Diamond stock.

The debt that Diamond assumes could vary based on movements in its stock price before the deal closes. The debt amount could increase by up to $200 million or be reduced by up to $150 million based on the mechanism.

The deal will give Procter & Gamble a one-time earnings boost of about $1.5 billion, or 50 cents per share. Its shares (NYSE:PG) dipped five cents to US$62.21 in early trading Tuesday.

If the Pringles transaction closes before the end of the year, Diamond anticipates fiscal 2012 earnings per share between $3 and $3.10 per share on revenue of about $1.8 billion. The forecast excludes costs associated with the Pringles deal.

Diamond, which also makes Emerald nuts, expects about $100 million in one-time costs tied to the Pringles transaction over the next two years.

The deal, which still needs Diamond stockholder approval, is expected to close by the end of the year.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Diamond Foods Inc. (Nasdaq:DMD) is buying Procter & Gamble Co.’s (NYSE:PG) Pringles chips business in a $1.5 billion deal, the biggest in a string that have given the maker of Pop Secret popcorn and Kettle chips a steadily growing share of the snack aisle.

The deal also completes P&G’s exit from all its major food businesses. The maker of Tide and Pampers has sold off Folgers coffee, Jif peanut butter, Crisco Shortening and Sunny Delight drinks in recent years.

Diamond was known mostly for its nuts when it started out. But a series of acquisitions has steadily broadened its array of snacks. It picked up Pop Secret in 2008 and Kettle last year.

The deal is structured to create a new company under the Diamond Foods name. P&G shareholders will get about 57 per cent of the combined company, while Diamond shareholders will own about 43 per cent.

Diamond said Tuesday that the Pringles transaction will more than triple the size of its snack business and help bring its annual revenue to about $2.4 billion.

The San Francisco company’s stock (Nasdaq:DMD) gained $6.25, or 11 per cent, to $63.47 in early trading Tuesday.

“Pringles is an iconic, billion-dollar snack brand with significant global manufacturing and supply chain infrastructure,” Diamond Chairman, President and CEO Michael J. Mendes said in a statement.

Diamond says the addition of Pringles will more than double its snack sales in the U.S. and U.K., which are Pringles’ two biggest markets. It will also give Diamond a greater presence in U.S. grocery, drug, mass merchandise and convenience stores.

The Pringles brand is more than four decades old and is sold in more than 140 countries, with manufacturing plants in the U.S., Europe and Asia.

The deal includes $1.5 billion in Diamond stock and the assumption of $850 million of debt. The combined business, whose headquarters will stay in San Francisco, will be led by Diamond’s Mendes.

Procter & Gamble said the Pringles deal will likely be part of a “split-off” transaction in which stockholders can choose to take part in an exchange offer, swapping Procter & Gamble shares for Diamond stock.

The debt that Diamond assumes could vary based on movements in its stock price before the deal closes. The debt amount could increase by up to $200 million or be reduced by up to $150 million based on the mechanism.

The deal will give Procter & Gamble a one-time earnings boost of about $1.5 billion, or 50 cents per share. Its shares (NYSE:PG) dipped five cents to US$62.21 in early trading Tuesday.

If the Pringles transaction closes before the end of the year, Diamond anticipates fiscal 2012 earnings per share between $3 and $3.10 per share on revenue of about $1.8 billion. The forecast excludes costs associated with the Pringles deal.

Diamond, which also makes Emerald nuts, expects about $100 million in one-time costs tied to the Pringles transaction over the next two years.

The deal, which still needs Diamond stockholder approval, is expected to close by the end of the year.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Stock markets were hurt Tuesday by an interest rate increase in China, elevated oil prices, concerns about Japan’s nuclear crisis and another downgrade of Portugal’s credit rating. Investors were preparing, meanwhile, for the publication of the minutes to the last rate-setting meeting of the U.S. Federal Reserve.

Japan’s benchmark Nikkei 225 index led the retreat, dropping 1.1 per cent to 9,615.55, amid frantic and unsuccessful efforts to control a radioactive leak at a nuclear plant damaged by the March 11 monster earthquake and tsunami.

The other big source of geopolitical tension, the conflict in Libya, kept oil prices high.

The apparent stalemate in the country, which accounts for a little under 2 per cent of daily oil production, pushed the oil price on the New York Mercantile Exchange to end the day at $108.47 on Monday, the highest close in 30 months. By late morning London time on Tuesday, it was down 77 cents a barrel at $107.69.

High energy prices are making investors cautious about stock markets, particularly after the recent rally. The S&P 500 in the U.S. has posted its best first-quarter advance since 1998.

In Europe, the FTSE 100 index of leading British shares was down 0.4 per cent at 5,994 while Germany’s DAX fell 0.3 per cent to 7,153. The CAC-40 in France was 0.6 per cent lower at 4,021.

Wall Street was also poised for a modest retreat at the open — Dow futures were down 30 points at 12,307 while the S&P 500 fell 5. points to 1,324.

While Libya and Japan will continue to be of interest in the markets over the rest of the week, central banks are taking centre stage.

The Reserve Bank of Australia kicked off a raft of statements this week earlier by keeping its benchmark rate unchanged at 4.75 per cent, followed soon after by the decision by the People’s Bank of China to raise its key interest rate by a quarter percentage point as it looks to fight inflation. The hike, once again, was delivered when China was on holiday.

While the European Central Bank is widely expected to raise interest rates too, there’s more uncertainty about what the Bank of England will do, with most economists predicting it will leave borrowing rates unchanged despite a forecast-busting services sector survey.

The Bank of Japan also meets this week and investors will be looking to see if it enacts any further policy measures. The central bank has pumped billions of yen into the economy as it tries to keep liquidity flowing through the system in the wake of the disasters. It has also received international support to stem the export-sapping appreciation of the yen.

The intervention has clearly helped. By late morning London time, the dollar was up 0.2 per cent on the day at 84.39 yen — way higher than the record low of 76.53 yen.

Meanwhile, the euro, which has gained a lot of ground over the past few weeks as traders priced in the growing likelihood that the ECB will tighten policy, was down 0.5 per cent at $1.4161 as investors continue to fret about Portugal and whether it will have to get a financial lifeline. The country’s borrowing costs hit fresh euro-era highs Tuesday after Moody’s downgraded its bond rating by a notch to Baa1 and warned that another cut may be in the offing.

“The euro retreated on the announcement, but remains largely driven by ECB rate hike anticipation for the moment,” said Chris Walker, an analyst at UBS. “Nonetheless, the downgrade serves as a timely reminder that the structural concerns in Portugal remain.”

The Federal Reserve will also be in the spotlight later Tuesday when the minutes to the last rate-setting meeting are published. Investors will be looking to see if there are any signs of the central bank ending its current $600 billion monetary injection before June, and whether interest rates may start to rise sooner than the markets expect.

If the minutes do suggest that the Fed is sounding a more hawkish tone, analysts said the dollar could garner some support on views of higher future returns. Stocks may also suffer as higher interest rates tend to weigh on growth.

Ronan Carr, an analyst at Morgan Stanley, said equities will not like it when the monetary stimulus ends.

“Combined with the other headwinds we see — peaking leading indicators, margin pressures and inflation’s impact on growth — it suggests to us a more difficult phase ahead for equities,” Carr said.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Stock markets were hurt Tuesday by an interest rate increase in China, elevated oil prices, concerns about Japan’s nuclear crisis and another downgrade of Portugal’s credit rating. Investors were preparing, meanwhile, for the publication of the minutes to the last rate-setting meeting of the U.S. Federal Reserve.

Japan’s benchmark Nikkei 225 index led the retreat, dropping 1.1 per cent to 9,615.55, amid frantic and unsuccessful efforts to control a radioactive leak at a nuclear plant damaged by the March 11 monster earthquake and tsunami.

The other big source of geopolitical tension, the conflict in Libya, kept oil prices high.

The apparent stalemate in the country, which accounts for a little under 2 per cent of daily oil production, pushed the oil price on the New York Mercantile Exchange to end the day at $108.47 on Monday, the highest close in 30 months. By late morning London time on Tuesday, it was down 77 cents a barrel at $107.69.

High energy prices are making investors cautious about stock markets, particularly after the recent rally. The S&P 500 in the U.S. has posted its best first-quarter advance since 1998.

In Europe, the FTSE 100 index of leading British shares was down 0.4 per cent at 5,994 while Germany’s DAX fell 0.3 per cent to 7,153. The CAC-40 in France was 0.6 per cent lower at 4,021.

Wall Street was also poised for a modest retreat at the open — Dow futures were down 30 points at 12,307 while the S&P 500 fell 5. points to 1,324.

While Libya and Japan will continue to be of interest in the markets over the rest of the week, central banks are taking centre stage.

The Reserve Bank of Australia kicked off a raft of statements this week earlier by keeping its benchmark rate unchanged at 4.75 per cent, followed soon after by the decision by the People’s Bank of China to raise its key interest rate by a quarter percentage point as it looks to fight inflation. The hike, once again, was delivered when China was on holiday.

While the European Central Bank is widely expected to raise interest rates too, there’s more uncertainty about what the Bank of England will do, with most economists predicting it will leave borrowing rates unchanged despite a forecast-busting services sector survey.

The Bank of Japan also meets this week and investors will be looking to see if it enacts any further policy measures. The central bank has pumped billions of yen into the economy as it tries to keep liquidity flowing through the system in the wake of the disasters. It has also received international support to stem the export-sapping appreciation of the yen.

The intervention has clearly helped. By late morning London time, the dollar was up 0.2 per cent on the day at 84.39 yen — way higher than the record low of 76.53 yen.

Meanwhile, the euro, which has gained a lot of ground over the past few weeks as traders priced in the growing likelihood that the ECB will tighten policy, was down 0.5 per cent at $1.4161 as investors continue to fret about Portugal and whether it will have to get a financial lifeline. The country’s borrowing costs hit fresh euro-era highs Tuesday after Moody’s downgraded its bond rating by a notch to Baa1 and warned that another cut may be in the offing.

“The euro retreated on the announcement, but remains largely driven by ECB rate hike anticipation for the moment,” said Chris Walker, an analyst at UBS. “Nonetheless, the downgrade serves as a timely reminder that the structural concerns in Portugal remain.”

The Federal Reserve will also be in the spotlight later Tuesday when the minutes to the last rate-setting meeting are published. Investors will be looking to see if there are any signs of the central bank ending its current $600 billion monetary injection before June, and whether interest rates may start to rise sooner than the markets expect.

If the minutes do suggest that the Fed is sounding a more hawkish tone, analysts said the dollar could garner some support on views of higher future returns. Stocks may also suffer as higher interest rates tend to weigh on growth.

Ronan Carr, an analyst at Morgan Stanley, said equities will not like it when the monetary stimulus ends.

“Combined with the other headwinds we see — peaking leading indicators, margin pressures and inflation’s impact on growth — it suggests to us a more difficult phase ahead for equities,” Carr said.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Stock markets were hurt Tuesday by an interest rate increase in China, elevated oil prices, concerns about Japan’s nuclear crisis and another downgrade of Portugal’s credit rating. Investors were preparing, meanwhile, for the publication of the minutes to the last rate-setting meeting of the U.S. Federal Reserve.

Japan’s benchmark Nikkei 225 index led the retreat, dropping 1.1 per cent to 9,615.55, amid frantic and unsuccessful efforts to control a radioactive leak at a nuclear plant damaged by the March 11 monster earthquake and tsunami.

The other big source of geopolitical tension, the conflict in Libya, kept oil prices high.

The apparent stalemate in the country, which accounts for a little under 2 per cent of daily oil production, pushed the oil price on the New York Mercantile Exchange to end the day at $108.47 on Monday, the highest close in 30 months. By late morning London time on Tuesday, it was down 77 cents a barrel at $107.69.

High energy prices are making investors cautious about stock markets, particularly after the recent rally. The S&P 500 in the U.S. has posted its best first-quarter advance since 1998.

In Europe, the FTSE 100 index of leading British shares was down 0.4 per cent at 5,994 while Germany’s DAX fell 0.3 per cent to 7,153. The CAC-40 in France was 0.6 per cent lower at 4,021.

Wall Street was also poised for a modest retreat at the open — Dow futures were down 30 points at 12,307 while the S&P 500 fell 5. points to 1,324.

While Libya and Japan will continue to be of interest in the markets over the rest of the week, central banks are taking centre stage.

The Reserve Bank of Australia kicked off a raft of statements this week earlier by keeping its benchmark rate unchanged at 4.75 per cent, followed soon after by the decision by the People’s Bank of China to raise its key interest rate by a quarter percentage point as it looks to fight inflation. The hike, once again, was delivered when China was on holiday.

While the European Central Bank is widely expected to raise interest rates too, there’s more uncertainty about what the Bank of England will do, with most economists predicting it will leave borrowing rates unchanged despite a forecast-busting services sector survey.

The Bank of Japan also meets this week and investors will be looking to see if it enacts any further policy measures. The central bank has pumped billions of yen into the economy as it tries to keep liquidity flowing through the system in the wake of the disasters. It has also received international support to stem the export-sapping appreciation of the yen.

The intervention has clearly helped. By late morning London time, the dollar was up 0.2 per cent on the day at 84.39 yen — way higher than the record low of 76.53 yen.

Meanwhile, the euro, which has gained a lot of ground over the past few weeks as traders priced in the growing likelihood that the ECB will tighten policy, was down 0.5 per cent at $1.4161 as investors continue to fret about Portugal and whether it will have to get a financial lifeline. The country’s borrowing costs hit fresh euro-era highs Tuesday after Moody’s downgraded its bond rating by a notch to Baa1 and warned that another cut may be in the offing.

“The euro retreated on the announcement, but remains largely driven by ECB rate hike anticipation for the moment,” said Chris Walker, an analyst at UBS. “Nonetheless, the downgrade serves as a timely reminder that the structural concerns in Portugal remain.”

The Federal Reserve will also be in the spotlight later Tuesday when the minutes to the last rate-setting meeting are published. Investors will be looking to see if there are any signs of the central bank ending its current $600 billion monetary injection before June, and whether interest rates may start to rise sooner than the markets expect.

If the minutes do suggest that the Fed is sounding a more hawkish tone, analysts said the dollar could garner some support on views of higher future returns. Stocks may also suffer as higher interest rates tend to weigh on growth.

Ronan Carr, an analyst at Morgan Stanley, said equities will not like it when the monetary stimulus ends.

“Combined with the other headwinds we see — peaking leading indicators, margin pressures and inflation’s impact on growth — it suggests to us a more difficult phase ahead for equities,” Carr said.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports yesterday a federal appeals court has dismissed two legal challenges to new Federal Communications Commission regulations that prohibit phone and cable companies from interfering with Internet traffic on their broadband networks.

The U.S. Court of Appeals for the District of Columbia on Monday dismissed lawsuits filed by Verizon Communications Inc. and MetroPCS Communications Inc. on technical grounds. The court said the companies filed their challenges prematurely since the rules have not yet been published in the federal register.

The new “network neutrality” regulations bar broadband providers from favouring or discriminating against Internet content and services, including online calling and Web video services that could compete with their core phone and cable operations. The FCC’s three Democrats voted to adopt the regulations late last year over the objection of the agency’s two Republican members.

FCC spokesman Rob Kenny defended the new FCC policy, saying it “preserves Internet freedom and openness.” Edward McFadden, a Verizon spokesman, said the company plans to refile its appeal as soon as the rules are published in the federal register. MetroPCS had no comment.

The companies are suing the FCC in the same court that ruled last year that the agency had exceeded its legal authority in sanctioning cable giant Comcast Corp. for discriminating against online file-sharing traffic on its broadband network.

Congressional Republicans also are seeking to repeal the new FCC rules and are planning a House floor vote later this week on a measure to overturn them. Republicans argue that the rules will discourage phone and cable companies from investing in costly network upgrades by barring them from offering premium services over their lines or prioritizing traffic from business partners in order to earn a return on those investments. They also maintain that the FCC overstepped its authority in adopting the rules.

In a statement released late Monday, the White House said it is strongly opposed to the Republican bill and suggested that the measure will likely face a veto if it reaches the President’s desk. Overturning the FCC’s net neutrality rules, would “raise questions as to whether innovation on the Internet will be allowed to flourish, consumers will be protected from abuses, and the democratic spirit of the Internet will remain intact,” the Obama Administration said in a statement.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports yesterday a federal appeals court has dismissed two legal challenges to new Federal Communications Commission regulations that prohibit phone and cable companies from interfering with Internet traffic on their broadband networks.

The U.S. Court of Appeals for the District of Columbia on Monday dismissed lawsuits filed by Verizon Communications Inc. and MetroPCS Communications Inc. on technical grounds. The court said the companies filed their challenges prematurely since the rules have not yet been published in the federal register.

The new “network neutrality” regulations bar broadband providers from favouring or discriminating against Internet content and services, including online calling and Web video services that could compete with their core phone and cable operations. The FCC’s three Democrats voted to adopt the regulations late last year over the objection of the agency’s two Republican members.

FCC spokesman Rob Kenny defended the new FCC policy, saying it “preserves Internet freedom and openness.” Edward McFadden, a Verizon spokesman, said the company plans to refile its appeal as soon as the rules are published in the federal register. MetroPCS had no comment.

The companies are suing the FCC in the same court that ruled last year that the agency had exceeded its legal authority in sanctioning cable giant Comcast Corp. for discriminating against online file-sharing traffic on its broadband network.

Congressional Republicans also are seeking to repeal the new FCC rules and are planning a House floor vote later this week on a measure to overturn them. Republicans argue that the rules will discourage phone and cable companies from investing in costly network upgrades by barring them from offering premium services over their lines or prioritizing traffic from business partners in order to earn a return on those investments. They also maintain that the FCC overstepped its authority in adopting the rules.

In a statement released late Monday, the White House said it is strongly opposed to the Republican bill and suggested that the measure will likely face a veto if it reaches the President’s desk. Overturning the FCC’s net neutrality rules, would “raise questions as to whether innovation on the Internet will be allowed to flourish, consumers will be protected from abuses, and the democratic spirit of the Internet will remain intact,” the Obama Administration said in a statement.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports yesterday a federal appeals court has dismissed two legal challenges to new Federal Communications Commission regulations that prohibit phone and cable companies from interfering with Internet traffic on their broadband networks.

The U.S. Court of Appeals for the District of Columbia on Monday dismissed lawsuits filed by Verizon Communications Inc. and MetroPCS Communications Inc. on technical grounds. The court said the companies filed their challenges prematurely since the rules have not yet been published in the federal register.

The new “network neutrality” regulations bar broadband providers from favouring or discriminating against Internet content and services, including online calling and Web video services that could compete with their core phone and cable operations. The FCC’s three Democrats voted to adopt the regulations late last year over the objection of the agency’s two Republican members.

FCC spokesman Rob Kenny defended the new FCC policy, saying it “preserves Internet freedom and openness.” Edward McFadden, a Verizon spokesman, said the company plans to refile its appeal as soon as the rules are published in the federal register. MetroPCS had no comment.

The companies are suing the FCC in the same court that ruled last year that the agency had exceeded its legal authority in sanctioning cable giant Comcast Corp. for discriminating against online file-sharing traffic on its broadband network.

Congressional Republicans also are seeking to repeal the new FCC rules and are planning a House floor vote later this week on a measure to overturn them. Republicans argue that the rules will discourage phone and cable companies from investing in costly network upgrades by barring them from offering premium services over their lines or prioritizing traffic from business partners in order to earn a return on those investments. They also maintain that the FCC overstepped its authority in adopting the rules.

In a statement released late Monday, the White House said it is strongly opposed to the Republican bill and suggested that the measure will likely face a veto if it reaches the President’s desk. Overturning the FCC’s net neutrality rules, would “raise questions as to whether innovation on the Internet will be allowed to flourish, consumers will be protected from abuses, and the democratic spirit of the Internet will remain intact,” the Obama Administration said in a statement.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Google Inc. Google (Nasdaq:GOOG), the Internet search giant that’s becoming a growing force in wireless communications with its Android operating system, kicked off the bidding for Nortel Networks patent portfolio with an offer of $900 million yesterday.

Google said Monday it views the acquisition of the Nortel patents as a defence against “an explosion” of patent litigation.

If successful, Google hopes the Nortel patents will help it and its partners to innovate and also “create a disincentive” for others to sue Google, said Kent Walker, Google’s general counsel and a senior vice-president.

“Google is a relatively young company, and although we have a growing number of patents, many of our competitors have larger portfolios given their longer histories,” Walker wrote on Google’s official press blog.

“So after a lot of thought, we’ve decided to bid for Nortel’s patent portfolio in the company’s bankruptcy auction.”

Nortel said it will file the so-called stalking horse agreement between it and Google in a U.S. Bankruptcy Court in Delaware and seek approval for an auction process that will allows other bidders to come up with a better deal.

A similar request will be filed with the Ontario Superior Court of Justice, which is overseeing the Canadian portion of Nortel’s wind up. The winning bid will require approvals by courts in both countries.

Over the last two years, Nortel has sold its businesses piece by piece to several separate companies and has raised billions of dollars to pay off creditors, bondholders and others.

But the company has said it doesn’t expect its common shareholders, or holders of Nortel Networks Ltd. preferred shares, will receive any of the proceeds from its various asset dispositions.

It’s also unlikely that Nortel pensioners in Canada who have fought the company over the windup of their pension plan will get any of the money raised from the asset sales.

Google’s Android operating system been making headway against Apple’s iPhone and iPad and other smartphones and tablet operating systems, including Nokia’s Symbian, Microsoft’s Windows Mobile and Research In Motion ‘s BlackBerry .

Even RIM (TSX:RIM), the Waterloo, Ont.-based company that has dominated some segments of the smartphone market with its BlackBerry devices, has that said Android applications will eventually work on its PlayBook tablet.

Google (Nasdaq :GOOG), the California-based owner of the YouTube video site, Google Earth and numerous other technology businesses, has also been dabbling with telecommunications networks.

Most recently, it announced plans to launch an ultra-fast fibre optics network for consumers in Kansas City, Kan.

Acquiring Nortel’s patents makes sense for Google, more from a financial than a technological sense, because it gives them more cards to play in competing with other technology giants, said CanaccordGenuity analyst Heath Terry.

While Android is a way for Google to get its search technology onto handsets, the Kansas City fibre optic network is more of an experimental environment to find out “what the Internet could be,” Terry said.

“Google’s hoping that it becomes a self-perpetuating thing that expands out to the point that the existing network owners, the guys like Verizon and AT&T, will want to make the investment in building these networks out on their own.”

Brahm Eiley, president of Toronto-Convergence Consulting Group, said Google still gets the vast majority of its revenue from advertising and has been unsuccessful in making it as a content provider.

“And so Google has been looking for various ways to move into other industry spaces,” Eiley said.

But he remains to be convinced that Google will have anything to teach the network heavyweights about high-speed fibre optic networks.

“Verizon spent over $20 billion on this. I’m not sure what Google can show them,” Eiley said.

Nortel, which was more than a century old when Google was founded in 1996, had counted almost all of the large U.S. telecom networks as customers for decades — offering both wireless and wireline equipment.

Terry said there are other companies that would be big enough to bid against Google if they want, including Cisco Networks of San Jose, Calif. (Nassdaq:CSCO) and some of the European equipment makers.

“I’m sure there will be other bidders. Google was the first to raise its hand but I would be surprised if this stops here,” Terry said.

He wouldn’t guess how much the portfolio would fetch, saying only Nortel and a few others would know enough about what’s in it to make a realistic estimate.

The agreement with Google includes the planned sale of approximately 6,000 patents and patent applications including fourth-generation wireless, data networking, optical, voice, Internet, semiconductors and other patent portfolios.

George Riedel, chief strategy officer and president of business units for Nortel, described the bidding as an “unprecedented opportunity” to buy a compelling patent portfolio.

“We look forward to what we hope will be a robust auction, following the requisite court approvals, currently expected to be held in June 2011,” Riedel said in a statement

Although Nortel was by far Canada’s largest spender on research and development, some of its work ended up as technological dead-ends — at least temporarily — while at other times it was so advanced that it would take years to determine whether it would be a market winner.

Ten years ago, at its height, Nortel was among the world’s most advanced developers of telecom equipment. It was felled by numerous problems, including changing market conditions, economic upheaval and an accounting scandal.

Much of Nortel’s research and development was done in Ottawa, at a facility formerly known as Bell Northern Research, although Nortel also had research facilities scattered throughout the world.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Google Inc. Google (Nasdaq:GOOG), the Internet search giant that’s becoming a growing force in wireless communications with its Android operating system, kicked off the bidding for Nortel Networks patent portfolio with an offer of $900 million yesterday.

Google said Monday it views the acquisition of the Nortel patents as a defence against “an explosion” of patent litigation.

If successful, Google hopes the Nortel patents will help it and its partners to innovate and also “create a disincentive” for others to sue Google, said Kent Walker, Google’s general counsel and a senior vice-president.

“Google is a relatively young company, and although we have a growing number of patents, many of our competitors have larger portfolios given their longer histories,” Walker wrote on Google’s official press blog.

“So after a lot of thought, we’ve decided to bid for Nortel’s patent portfolio in the company’s bankruptcy auction.”

Nortel said it will file the so-called stalking horse agreement between it and Google in a U.S. Bankruptcy Court in Delaware and seek approval for an auction process that will allows other bidders to come up with a better deal.

A similar request will be filed with the Ontario Superior Court of Justice, which is overseeing the Canadian portion of Nortel’s wind up. The winning bid will require approvals by courts in both countries.

Over the last two years, Nortel has sold its businesses piece by piece to several separate companies and has raised billions of dollars to pay off creditors, bondholders and others.

But the company has said it doesn’t expect its common shareholders, or holders of Nortel Networks Ltd. preferred shares, will receive any of the proceeds from its various asset dispositions.

It’s also unlikely that Nortel pensioners in Canada who have fought the company over the windup of their pension plan will get any of the money raised from the asset sales.

Google’s Android operating system been making headway against Apple’s iPhone and iPad and other smartphones and tablet operating systems, including Nokia’s Symbian, Microsoft’s Windows Mobile and Research In Motion ‘s BlackBerry .

Even RIM (TSX:RIM), the Waterloo, Ont.-based company that has dominated some segments of the smartphone market with its BlackBerry devices, has that said Android applications will eventually work on its PlayBook tablet.

Google (Nasdaq :GOOG), the California-based owner of the YouTube video site, Google Earth and numerous other technology businesses, has also been dabbling with telecommunications networks.

Most recently, it announced plans to launch an ultra-fast fibre optics network for consumers in Kansas City, Kan.

Acquiring Nortel’s patents makes sense for Google, more from a financial than a technological sense, because it gives them more cards to play in competing with other technology giants, said CanaccordGenuity analyst Heath Terry.

While Android is a way for Google to get its search technology onto handsets, the Kansas City fibre optic network is more of an experimental environment to find out “what the Internet could be,” Terry said.

“Google’s hoping that it becomes a self-perpetuating thing that expands out to the point that the existing network owners, the guys like Verizon and AT&T, will want to make the investment in building these networks out on their own.”

Brahm Eiley, president of Toronto-Convergence Consulting Group, said Google still gets the vast majority of its revenue from advertising and has been unsuccessful in making it as a content provider.

“And so Google has been looking for various ways to move into other industry spaces,” Eiley said.

But he remains to be convinced that Google will have anything to teach the network heavyweights about high-speed fibre optic networks.

“Verizon spent over $20 billion on this. I’m not sure what Google can show them,” Eiley said.

Nortel, which was more than a century old when Google was founded in 1996, had counted almost all of the large U.S. telecom networks as customers for decades — offering both wireless and wireline equipment.

Terry said there are other companies that would be big enough to bid against Google if they want, including Cisco Networks of San Jose, Calif. (Nassdaq:CSCO) and some of the European equipment makers.

“I’m sure there will be other bidders. Google was the first to raise its hand but I would be surprised if this stops here,” Terry said.

He wouldn’t guess how much the portfolio would fetch, saying only Nortel and a few others would know enough about what’s in it to make a realistic estimate.

The agreement with Google includes the planned sale of approximately 6,000 patents and patent applications including fourth-generation wireless, data networking, optical, voice, Internet, semiconductors and other patent portfolios.

George Riedel, chief strategy officer and president of business units for Nortel, described the bidding as an “unprecedented opportunity” to buy a compelling patent portfolio.

“We look forward to what we hope will be a robust auction, following the requisite court approvals, currently expected to be held in June 2011,” Riedel said in a statement

Although Nortel was by far Canada’s largest spender on research and development, some of its work ended up as technological dead-ends — at least temporarily — while at other times it was so advanced that it would take years to determine whether it would be a market winner.

Ten years ago, at its height, Nortel was among the world’s most advanced developers of telecom equipment. It was felled by numerous problems, including changing market conditions, economic upheaval and an accounting scandal.

Much of Nortel’s research and development was done in Ottawa, at a facility formerly known as Bell Northern Research, although Nortel also had research facilities scattered throughout the world.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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 5, 2011) – Clearlease.com Reports Google Inc. Google (Nasdaq:GOOG), the Internet search giant that’s becoming a growing force in wireless communications with its Android operating system, kicked off the bidding for Nortel Networks patent portfolio with an offer of $900 million yesterday.

Google said Monday it views the acquisition of the Nortel patents as a defence against “an explosion” of patent litigation.

If successful, Google hopes the Nortel patents will help it and its partners to innovate and also “create a disincentive” for others to sue Google, said Kent Walker, Google’s general counsel and a senior vice-president.

“Google is a relatively young company, and although we have a growing number of patents, many of our competitors have larger portfolios given their longer histories,” Walker wrote on Google’s official press blog.

“So after a lot of thought, we’ve decided to bid for Nortel’s patent portfolio in the company’s bankruptcy auction.”

Nortel said it will file the so-called stalking horse agreement between it and Google in a U.S. Bankruptcy Court in Delaware and seek approval for an auction process that will allows other bidders to come up with a better deal.

A similar request will be filed with the Ontario Superior Court of Justice, which is overseeing the Canadian portion of Nortel’s wind up. The winning bid will require approvals by courts in both countries.

Over the last two years, Nortel has sold its businesses piece by piece to several separate companies and has raised billions of dollars to pay off creditors, bondholders and others.

But the company has said it doesn’t expect its common shareholders, or holders of Nortel Networks Ltd. preferred shares, will receive any of the proceeds from its various asset dispositions.

It’s also unlikely that Nortel pensioners in Canada who have fought the company over the windup of their pension plan will get any of the money raised from the asset sales.

Google’s Android operating system been making headway against Apple’s iPhone and iPad and other smartphones and tablet operating systems, including Nokia’s Symbian, Microsoft’s Windows Mobile and Research In Motion ‘s BlackBerry .

Even RIM (TSX:RIM), the Waterloo, Ont.-based company that has dominated some segments of the smartphone market with its BlackBerry devices, has that said Android applications will eventually work on its PlayBook tablet.

Google (Nasdaq :GOOG), the California-based owner of the YouTube video site, Google Earth and numerous other technology businesses, has also been dabbling with telecommunications networks.

Most recently, it announced plans to launch an ultra-fast fibre optics network for consumers in Kansas City, Kan.

Acquiring Nortel’s patents makes sense for Google, more from a financial than a technological sense, because it gives them more cards to play in competing with other technology giants, said CanaccordGenuity analyst Heath Terry.

While Android is a way for Google to get its search technology onto handsets, the Kansas City fibre optic network is more of an experimental environment to find out “what the Internet could be,” Terry said.

“Google’s hoping that it becomes a self-perpetuating thing that expands out to the point that the existing network owners, the guys like Verizon and AT&T, will want to make the investment in building these networks out on their own.”

Brahm Eiley, president of Toronto-Convergence Consulting Group, said Google still gets the vast majority of its revenue from advertising and has been unsuccessful in making it as a content provider.

“And so Google has been looking for various ways to move into other industry spaces,” Eiley said.

But he remains to be convinced that Google will have anything to teach the network heavyweights about high-speed fibre optic networks.

“Verizon spent over $20 billion on this. I’m not sure what Google can show them,” Eiley said.

Nortel, which was more than a century old when Google was founded in 1996, had counted almost all of the large U.S. telecom networks as customers for decades — offering both wireless and wireline equipment.

Terry said there are other companies that would be big enough to bid against Google if they want, including Cisco Networks of San Jose, Calif. (Nassdaq:CSCO) and some of the European equipment makers.

“I’m sure there will be other bidders. Google was the first to raise its hand but I would be surprised if this stops here,” Terry said.

He wouldn’t guess how much the portfolio would fetch, saying only Nortel and a few others would know enough about what’s in it to make a realistic estimate.

The agreement with Google includes the planned sale of approximately 6,000 patents and patent applications including fourth-generation wireless, data networking, optical, voice, Internet, semiconductors and other patent portfolios.

George Riedel, chief strategy officer and president of business units for Nortel, described the bidding as an “unprecedented opportunity” to buy a compelling patent portfolio.

“We look forward to what we hope will be a robust auction, following the requisite court approvals, currently expected to be held in June 2011,” Riedel said in a statement

Although Nortel was by far Canada’s largest spender on research and development, some of its work ended up as technological dead-ends — at least temporarily — while at other times it was so advanced that it would take years to determine whether it would be a market winner.

Ten years ago, at its height, Nortel was among the world’s most advanced developers of telecom equipment. It was felled by numerous problems, including changing market conditions, economic upheaval and an accounting scandal.

Much of Nortel’s research and development was done in Ottawa, at a facility formerly known as Bell Northern Research, although Nortel also had research facilities scattered throughout the world.

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

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. 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.

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

###