Dominion Lending Centres Clearlease Reports Bank of America (NYSE:BAC) $410 million overdraft settlement wins court OK

Tuesday, May 24th, 2011

Dominion Lending Centres Clearlease Reports Bank of America (NYSE:BAC) $410 million overdraft settlement wins court OK

VANCOUVER, BC (May 24, 2011) Clearlease Reports Bank of America Corp has won tentative approval of a $410 million settlement of lawsuits accusing it of charging excessive overdraft fees to roughly 1 million customers.

U.S. District Judge James Lawrence King in Miami granted preliminary approval for the accord on Monday May 23, 2011 and scheduled a November 7 hearing to consider final approval, court records show.

Bank of America, the largest U.S. bank by assets, is among more than two dozen U.S., Canadian and European lenders that had been named as defendants in the class-action litigation, which in 2009 consolidated lawsuits filed across the country.

JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co are among the other defendants.

Critics say overdraft fees, which are typically $25 or $35, disproportionately burden customers with lower incomes or low account balances.

In their November 2009 complaint, customers accused Bank of America of routinely processing debit transactions from largest to smallest rather than in chronological order.

They said this caused account balances to fall faster, sometimes causing customers to rack up hundreds of dollars of fees, even if they had been overdrawn by just a few dollars.

Bank of America spokeswoman Anne Pace said in an email the Charlotte, North Carolina-based bank has eliminated overdraft fees for debit card transactions and significantly lowered fees for customers who overdraw excessively.

According to a court filing, Bank of America will not oppose a request by the plaintiffs’ lawyers for attorneys’ fees of up to 30 percent of the settlement fund, net of expenses.

Last year, the Federal Reserve prohibited banks from charging overdraft fees on electronic and debit card transactions without advance customer approval.

Wells Fargo has appealed an August 2010 court order that it pay $203 million to California customers in an overdraft case.

The case is In re: Checking Account Overdraft Litigation, U.S. District Court, Southern District of Florida, No. 09-md-02036.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Bank of America (NYSE:BAC) $410 million overdraft settlement wins court OK

VANCOUVER, BC (May 24, 2011) Clearlease Reports Bank of America Corp has won tentative approval of a $410 million settlement of lawsuits accusing it of charging excessive overdraft fees to roughly 1 million customers.

U.S. District Judge James Lawrence King in Miami granted preliminary approval for the accord on Monday May 23, 2011 and scheduled a November 7 hearing to consider final approval, court records show.

Bank of America, the largest U.S. bank by assets, is among more than two dozen U.S., Canadian and European lenders that had been named as defendants in the class-action litigation, which in 2009 consolidated lawsuits filed across the country.

JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co are among the other defendants.

Critics say overdraft fees, which are typically $25 or $35, disproportionately burden customers with lower incomes or low account balances.

In their November 2009 complaint, customers accused Bank of America of routinely processing debit transactions from largest to smallest rather than in chronological order.

They said this caused account balances to fall faster, sometimes causing customers to rack up hundreds of dollars of fees, even if they had been overdrawn by just a few dollars.

Bank of America spokeswoman Anne Pace said in an email the Charlotte, North Carolina-based bank has eliminated overdraft fees for debit card transactions and significantly lowered fees for customers who overdraw excessively.

According to a court filing, Bank of America will not oppose a request by the plaintiffs’ lawyers for attorneys’ fees of up to 30 percent of the settlement fund, net of expenses.

Last year, the Federal Reserve prohibited banks from charging overdraft fees on electronic and debit card transactions without advance customer approval.

Wells Fargo has appealed an August 2010 court order that it pay $203 million to California customers in an overdraft case.

The case is In re: Checking Account Overdraft Litigation, U.S. District Court, Southern District of Florida, No. 09-md-02036.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Bank of America (NYSE:BAC) $410 million overdraft settlement wins court OK

VANCOUVER, BC (May 24, 2011) Clearlease Reports Bank of America Corp has won tentative approval of a $410 million settlement of lawsuits accusing it of charging excessive overdraft fees to roughly 1 million customers.

U.S. District Judge James Lawrence King in Miami granted preliminary approval for the accord on Monday May 23, 2011 and scheduled a November 7 hearing to consider final approval, court records show.

Bank of America, the largest U.S. bank by assets, is among more than two dozen U.S., Canadian and European lenders that had been named as defendants in the class-action litigation, which in 2009 consolidated lawsuits filed across the country.

JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co are among the other defendants.

Critics say overdraft fees, which are typically $25 or $35, disproportionately burden customers with lower incomes or low account balances.

In their November 2009 complaint, customers accused Bank of America of routinely processing debit transactions from largest to smallest rather than in chronological order.

They said this caused account balances to fall faster, sometimes causing customers to rack up hundreds of dollars of fees, even if they had been overdrawn by just a few dollars.

Bank of America spokeswoman Anne Pace said in an email the Charlotte, North Carolina-based bank has eliminated overdraft fees for debit card transactions and significantly lowered fees for customers who overdraw excessively.

According to a court filing, Bank of America will not oppose a request by the plaintiffs’ lawyers for attorneys’ fees of up to 30 percent of the settlement fund, net of expenses.

Last year, the Federal Reserve prohibited banks from charging overdraft fees on electronic and debit card transactions without advance customer approval.

Wells Fargo has appealed an August 2010 court order that it pay $203 million to California customers in an overdraft case.

The case is In re: Checking Account Overdraft Litigation, U.S. District Court, Southern District of Florida, No. 09-md-02036.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports IMF approves 26 billion euro loan for Portugal

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports IMF approves 26 billion euro loan for Portugal

VANCOUVER, BC (May 20, 2011) Clearlease The International Monetary Fund (IMF) on Friday May 20, 2011 approved a 26 billion euro ($37 billion) loan for Portugal, saying it would immediately disburse 6.1 billion euros to ease investor concerns over the eurozone member’s debts.

The IMF said in a statement, total financing to Portugal in 2011 will include about 12.6 billion euros from the IMF and another 25.2 billion euros from the European Union. The funding is part of a joint IMF/EU 78 billion euro bailout package.

“The financing package is designed to allow Portugal some breathing space from borrowing in the markets while it demonstrates implementation of the policy steps needed to get the economy back on track,” the IMF said in a statement.

Under the agreement, Lisbon will have to carry out steep spending cuts, raise taxes, reform its labor and justice systems, and embark on an ambitious privatization scheme.

“The Portuguese authorities have put forward a program that is economically well-balanced and has growth and job creation at its center,” IMF Acting Managing Director John Lipsky said.

“It addresses the fundamental problem in Portugal – low growth – with a policy mix based on restoring competitiveness through structural reforms, ensuring a balanced fiscal consolidation path, and stabilizing the financial sector,” he added

The deal follows a 110-billion euro package for Greece last May and an 85-billion-euro program for Ireland in November. Portugal’s arrangement is the first time a country has asked private investors not to sell down their holdings of bonds on a voluntary basis.

The leader of Portugal’s opposition Social Democrats, Pedro Passos Coelho, warned on Thursday the country has no room for failure in meeting the austerity conditions of the program.

The austerity measures included in the bailout are expected to contribute to a contraction in the Portuguese economy of two percent both this year and next.

Lipsky said the support from Portugal’s main political parties for objectives and policies under the program indicates a “resolve to tackle the Portugal’s long standing problems.”

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports IMF approves 26 billion euro loan for Portugal

VANCOUVER, BC (May 20, 2011) Clearlease The International Monetary Fund (IMF) on Friday May 20, 2011 approved a 26 billion euro ($37 billion) loan for Portugal, saying it would immediately disburse 6.1 billion euros to ease investor concerns over the eurozone member’s debts.

The IMF said in a statement, total financing to Portugal in 2011 will include about 12.6 billion euros from the IMF and another 25.2 billion euros from the European Union. The funding is part of a joint IMF/EU 78 billion euro bailout package.

“The financing package is designed to allow Portugal some breathing space from borrowing in the markets while it demonstrates implementation of the policy steps needed to get the economy back on track,” the IMF said in a statement.

Under the agreement, Lisbon will have to carry out steep spending cuts, raise taxes, reform its labor and justice systems, and embark on an ambitious privatization scheme.

“The Portuguese authorities have put forward a program that is economically well-balanced and has growth and job creation at its center,” IMF Acting Managing Director John Lipsky said.

“It addresses the fundamental problem in Portugal – low growth – with a policy mix based on restoring competitiveness through structural reforms, ensuring a balanced fiscal consolidation path, and stabilizing the financial sector,” he added

The deal follows a 110-billion euro package for Greece last May and an 85-billion-euro program for Ireland in November. Portugal’s arrangement is the first time a country has asked private investors not to sell down their holdings of bonds on a voluntary basis.

The leader of Portugal’s opposition Social Democrats, Pedro Passos Coelho, warned on Thursday the country has no room for failure in meeting the austerity conditions of the program.

The austerity measures included in the bailout are expected to contribute to a contraction in the Portuguese economy of two percent both this year and next.

Lipsky said the support from Portugal’s main political parties for objectives and policies under the program indicates a “resolve to tackle the Portugal’s long standing problems.”

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports IMF approves 26 billion euro loan for Portugal

VANCOUVER, BC (May 20, 2011) Clearlease The International Monetary Fund (IMF) on Friday May 20, 2011 approved a 26 billion euro ($37 billion) loan for Portugal, saying it would immediately disburse 6.1 billion euros to ease investor concerns over the eurozone member’s debts.

The IMF said in a statement, total financing to Portugal in 2011 will include about 12.6 billion euros from the IMF and another 25.2 billion euros from the European Union. The funding is part of a joint IMF/EU 78 billion euro bailout package.

“The financing package is designed to allow Portugal some breathing space from borrowing in the markets while it demonstrates implementation of the policy steps needed to get the economy back on track,” the IMF said in a statement.

Under the agreement, Lisbon will have to carry out steep spending cuts, raise taxes, reform its labor and justice systems, and embark on an ambitious privatization scheme.

“The Portuguese authorities have put forward a program that is economically well-balanced and has growth and job creation at its center,” IMF Acting Managing Director John Lipsky said.

“It addresses the fundamental problem in Portugal – low growth – with a policy mix based on restoring competitiveness through structural reforms, ensuring a balanced fiscal consolidation path, and stabilizing the financial sector,” he added

The deal follows a 110-billion euro package for Greece last May and an 85-billion-euro program for Ireland in November. Portugal’s arrangement is the first time a country has asked private investors not to sell down their holdings of bonds on a voluntary basis.

The leader of Portugal’s opposition Social Democrats, Pedro Passos Coelho, warned on Thursday the country has no room for failure in meeting the austerity conditions of the program.

The austerity measures included in the bailout are expected to contribute to a contraction in the Portuguese economy of two percent both this year and next.

Lipsky said the support from Portugal’s main political parties for objectives and policies under the program indicates a “resolve to tackle the Portugal’s long standing problems.”

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports TMX rejects Maple’s C$3.6 billion takeover bid

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports TMX rejects Maple’s C$3.6 billion takeover bid

VANCOUVER, BC (May 20, 2011) Clearlease Reports TMX Group, operator of the Toronto Stock Exchange, said on Friday May 20, 2011 that its board has decided to reject a C$3.6 billion ($3.7 billion) takeover bid from a group of Canadian banks and pension funds.

The TMX in a statement said its board still supports a plan to join forces with the London Stock Exchange Group.

A consortium calling itself the Maple Group Acquisition Corp last week proposed to buy TMX, a counterbid aimed at derailing the LSE’s $3 billion friendly offer.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports TMX rejects Maple's C$3.6 billion takeover bid

VANCOUVER, BC (May 20, 2011) Clearlease Reports TMX Group, operator of the Toronto Stock Exchange, said on Friday May 20, 2011 that its board has decided to reject a C$3.6 billion ($3.7 billion) takeover bid from a group of Canadian banks and pension funds.

The TMX in a statement said its board still supports a plan to join forces with the London Stock Exchange Group.

A consortium calling itself the Maple Group Acquisition Corp last week proposed to buy TMX, a counterbid aimed at derailing the LSE’s $3 billion friendly offer.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports TMX rejects Maple’s C$3.6 billion takeover bid

VANCOUVER, BC (May 20, 2011) Clearlease Reports TMX Group, operator of the Toronto Stock Exchange, said on Friday May 20, 2011 that its board has decided to reject a C$3.6 billion ($3.7 billion) takeover bid from a group of Canadian banks and pension funds.

The TMX in a statement said its board still supports a plan to join forces with the London Stock Exchange Group.

A consortium calling itself the Maple Group Acquisition Corp last week proposed to buy TMX, a counterbid aimed at derailing the LSE’s $3 billion friendly offer.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Gap (NYSE:GPS), Aeropostale (NYSE:ARO) shares dive after results as costs, discounts

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports Gap (NYSE:GPS), Aeropostale (NYSE:ARO) shares dive after results as costs, discounts

VANCOUVER, BC (May 20, 2011) Clearlease Reports Shares of clothes retailers Gap Inc (NYSE:GPS) and Aeropostale Inc (NYSE:ARO) fell on Friday, a day after the companies said higher input costs and discounts would hurt profitability.

Gap shares fell as much as 18 percent, while Aeropostale was down as much as 20 percent — making them the top two losers on the New York Stock Exchange.

The S&P Retail Index <.RLX> was down 1.6 percent.

“Some of the companies that have pricing power have not had the same kind of results as Gap did. That, maybe, tells you something about the strength and quality of the brands,” said Jay Kaplan, portfolio manager with Royce & Associates.

Kaplan does not own Gap or Aeropostale shares, but has a stake in rival American Eagle Outfitters and Buckle Inc .

Gap, which also operates the Old Navy and Banana Republic brands, cut its full-year profit outlook and said product costs, primarily cotton, will “more than outweigh retail price increases.”

“(Gap’s) results underscored our view that the company can no longer offset product weakness and protect the bottom line with operational offsets,” analyst Amy Noblin at Weeden & Co said in a note.

“It strikes us as if there was little foresight or plan to manage costs,” analyst Noblin added.

On Thursday, teen apparel retail Aeropostale Inc forecast second-quarter earnings much below analysts’ estimates, saying discounts were hurting margins.

The same problems hurt Ann Taylor parent Ann Inc’s , results on Friday, sending its shares down as much as 6 percent.

Apparel retailers have been fighting rising raw material costs, particularly cotton. This has also taken a toll on margins as retailers try to lure shoppers away from rivals by offering lower prices.

“Aeropostale materially reduced any hope of a near-term turnaround by providing second-quarter guidance below even our weak projections,” said analyst Eric Beder of Brean Murray Carret & Co.

He added that the company continues to struggle with fashion misses, tough competition and bloated inventories.

Kearney, Nebraska-based Buckle Inc , which missed analysts’ estimates, is also facing a squeeze on margins.

Aeropostale shares were down 19 percent at $17.35, while Gap shares were down 17 percent at $19.37 on the New York Stock Exchange on Friday. Buckle was down 3 percent at $39.87.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Gap (NYSE:GPS), Aeropostale (NYSE:ARO) shares dive after results as costs, discounts

VANCOUVER, BC (May 20, 2011) Clearlease Reports Shares of clothes retailers Gap Inc (NYSE:GPS) and Aeropostale Inc (NYSE:ARO) fell on Friday, a day after the companies said higher input costs and discounts would hurt profitability.

Gap shares fell as much as 18 percent, while Aeropostale was down as much as 20 percent — making them the top two losers on the New York Stock Exchange.

The S&P Retail Index <.RLX> was down 1.6 percent.

“Some of the companies that have pricing power have not had the same kind of results as Gap did. That, maybe, tells you something about the strength and quality of the brands,” said Jay Kaplan, portfolio manager with Royce & Associates.

Kaplan does not own Gap or Aeropostale shares, but has a stake in rival American Eagle Outfitters and Buckle Inc .

Gap, which also operates the Old Navy and Banana Republic brands, cut its full-year profit outlook and said product costs, primarily cotton, will “more than outweigh retail price increases.”

“(Gap’s) results underscored our view that the company can no longer offset product weakness and protect the bottom line with operational offsets,” analyst Amy Noblin at Weeden & Co said in a note.

“It strikes us as if there was little foresight or plan to manage costs,” analyst Noblin added.

On Thursday, teen apparel retail Aeropostale Inc forecast second-quarter earnings much below analysts’ estimates, saying discounts were hurting margins.

The same problems hurt Ann Taylor parent Ann Inc’s , results on Friday, sending its shares down as much as 6 percent.

Apparel retailers have been fighting rising raw material costs, particularly cotton. This has also taken a toll on margins as retailers try to lure shoppers away from rivals by offering lower prices.

“Aeropostale materially reduced any hope of a near-term turnaround by providing second-quarter guidance below even our weak projections,” said analyst Eric Beder of Brean Murray Carret & Co.

He added that the company continues to struggle with fashion misses, tough competition and bloated inventories.

Kearney, Nebraska-based Buckle Inc , which missed analysts’ estimates, is also facing a squeeze on margins.

Aeropostale shares were down 19 percent at $17.35, while Gap shares were down 17 percent at $19.37 on the New York Stock Exchange on Friday. Buckle was down 3 percent at $39.87.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Gap (NYSE:GPS), Aeropostale (NYSE:ARO) shares dive after results as costs, discounts

VANCOUVER, BC (May 20, 2011) Clearlease Reports Shares of clothes retailers Gap Inc (NYSE:GPS) and Aeropostale Inc (NYSE:ARO) fell on Friday, a day after the companies said higher input costs and discounts would hurt profitability.

Gap shares fell as much as 18 percent, while Aeropostale was down as much as 20 percent — making them the top two losers on the New York Stock Exchange.

The S&P Retail Index <.RLX> was down 1.6 percent.

“Some of the companies that have pricing power have not had the same kind of results as Gap did. That, maybe, tells you something about the strength and quality of the brands,” said Jay Kaplan, portfolio manager with Royce & Associates.

Kaplan does not own Gap or Aeropostale shares, but has a stake in rival American Eagle Outfitters and Buckle Inc .

Gap, which also operates the Old Navy and Banana Republic brands, cut its full-year profit outlook and said product costs, primarily cotton, will “more than outweigh retail price increases.”

“(Gap’s) results underscored our view that the company can no longer offset product weakness and protect the bottom line with operational offsets,” analyst Amy Noblin at Weeden & Co said in a note.

“It strikes us as if there was little foresight or plan to manage costs,” analyst Noblin added.

On Thursday, teen apparel retail Aeropostale Inc forecast second-quarter earnings much below analysts’ estimates, saying discounts were hurting margins.

The same problems hurt Ann Taylor parent Ann Inc’s , results on Friday, sending its shares down as much as 6 percent.

Apparel retailers have been fighting rising raw material costs, particularly cotton. This has also taken a toll on margins as retailers try to lure shoppers away from rivals by offering lower prices.

“Aeropostale materially reduced any hope of a near-term turnaround by providing second-quarter guidance below even our weak projections,” said analyst Eric Beder of Brean Murray Carret & Co.

He added that the company continues to struggle with fashion misses, tough competition and bloated inventories.

Kearney, Nebraska-based Buckle Inc , which missed analysts’ estimates, is also facing a squeeze on margins.

Aeropostale shares were down 19 percent at $17.35, while Gap shares were down 17 percent at $19.37 on the New York Stock Exchange on Friday. Buckle was down 3 percent at $39.87.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Canadians rein in spending in March as higher pump, food prices eat into wallets

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Canadians rein in spending in March as higher pump, food prices eat into wallets

VANCOUVER, BC (May 20, 2011) Clearlease Reports Excluding the impact of steadily rising food and gas prices, Canadian retail sales fell in March, in a trend economists say is likely to persist as higher prices for staples continue to eat into consumers’ wallets.

The value of retail sales in March was flat at $37.3 billion but after removing the effects of price changes, particularly higher food and gasoline prices, retail sales volume slipped 0.8 per cent, according to a Statistics Canada report Friday.

“That marks four months of stagnant sales, suggesting that consumers are struggling with higher gasoline prices and food costs eating into fixed budgets,” CIBC economist Emanuella Enenajor said in a report.

Consumers appear to be reining in spending after a post-recession spree that saw some Canadians’ rack up high levels of debt — prompting warnings against spending beyond one’s means.

Meanwhile, rising food and gasoline prices are outpacing tepid income growth, which means consumers have to dedicate more of their incomes to those staples and reducing spending in other areas.

High gas prices kept inflation above the Bank of Canada’s comfort zone for the second straight month in April, with the overall price index remaining at an elevated 3.3 per cent, according to another Statistics Canada report on Friday.

The monthly gain in prices rose by 0.3 per cent — virtually all attributed to a 6.4 per cent hike at the pump — following a 1.1 per cent jump the previous month. Food purchased at stores rose 3.7 per cent in April, the same annual increase as in March, while overall food prices rose at slightly reduced 3.3 per cent rate.

That could mean a persistently tough environment for retailers, who are finding it difficult to pass along higher commodity prices. Retail sales make up about 40 per cent of total consumer spending in Canada.

“While a late Easter and dreary weather may have had an impact on March sales, Canadian consumer spending is clearly losing some momentum as prices at the pump and grocery store move higher, while borrowing cools,” said Robert Kavcic at BMO Economics.

The largest dollar increase among subsectors was registered at gasoline stations, where sales were up 1.4 per cent, their eighth increase in nine months. Statistics Canada’s Consumer Price Index for gasoline has risen by nearly 40 per cent since March 2009.

The eight per cent jump in pump prices in March was followed by a 6.5 per cent increase in April, which will also have an impact in next month’s report, Kavcic said.

The Capital Economics report added that recent declines in commodity prices —notably oil — could eventually offer consumers some relief, but not likely until at least the third quarter of the year.

Gas prices have skyrocketed in recent weeks and remain at an elevated ….even though the price of oil has backed off from their recent highs. It takes months for any sustained lower oil prices to work their way down to pump prices.

Higher prices contributed to a 0.8 per cent rise in sales at general merchandise stores in March.

Sales at electronics and appliance stores, were up 2.1 per cent — increasing for a second consecutive month following three months of declines.

The higher gas prices don’t seem to be deterring consumers from spending on their vehicles.

After three consecutive monthly declines, sales at motor vehicle and parts dealers rose 0.3 per cent in March. Sales increased 0.8 per cent at new car dealers while the rest of the subsector showed declines.

However, weakness was broad-based, with seven of the major components reporting declines in March and four sectors posting gains. Furniture sales saw the biggest decline, followed by sporting goods, health and personal care.

The latest data was much weaker than economists had been expecting and will put a dent in first-quarter gross domestic product growth. Sales for the first quarter were down an annualized 3.1 per cent, but firm results in manufacturing, wholesale and housing should still support positive real GDP growth in March, Kavcic said.

The data confirms that real consumption growth slowed to just above one per cent annualized in the first quarter, well below the five per cent pace seen in the final three months of last year, a report from Capital Economics said.

“Given the past increases in the prices of essentials such as food and gasoline, there is a good chance that the weaker growth in sales volumes will persist through the second quarter.”

Retail sales rose in seven provinces in March. The largest increase in dollar terms was in Quebec, where sales increased 0.5 per cent, offsetting the loss in February. All of the Atlantic provinces registered sales increases in March. Retailers in Nova Scotia (up 2.4 per cent) led the gains following two months of declines.

Ontario (down 0.8 per cent) recorded the largest sales decline in March. This was the third decrease in Ontario in four months.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Canadians rein in spending in March as higher pump, food prices eat into wallets

VANCOUVER, BC (May 20, 2011) Clearlease Reports Excluding the impact of steadily rising food and gas prices, Canadian retail sales fell in March, in a trend economists say is likely to persist as higher prices for staples continue to eat into consumers’ wallets.

The value of retail sales in March was flat at $37.3 billion but after removing the effects of price changes, particularly higher food and gasoline prices, retail sales volume slipped 0.8 per cent, according to a Statistics Canada report Friday.

“That marks four months of stagnant sales, suggesting that consumers are struggling with higher gasoline prices and food costs eating into fixed budgets,” CIBC economist Emanuella Enenajor said in a report.

Consumers appear to be reining in spending after a post-recession spree that saw some Canadians’ rack up high levels of debt — prompting warnings against spending beyond one’s means.

Meanwhile, rising food and gasoline prices are outpacing tepid income growth, which means consumers have to dedicate more of their incomes to those staples and reducing spending in other areas.

High gas prices kept inflation above the Bank of Canada’s comfort zone for the second straight month in April, with the overall price index remaining at an elevated 3.3 per cent, according to another Statistics Canada report on Friday.

The monthly gain in prices rose by 0.3 per cent — virtually all attributed to a 6.4 per cent hike at the pump — following a 1.1 per cent jump the previous month. Food purchased at stores rose 3.7 per cent in April, the same annual increase as in March, while overall food prices rose at slightly reduced 3.3 per cent rate.

That could mean a persistently tough environment for retailers, who are finding it difficult to pass along higher commodity prices. Retail sales make up about 40 per cent of total consumer spending in Canada.

“While a late Easter and dreary weather may have had an impact on March sales, Canadian consumer spending is clearly losing some momentum as prices at the pump and grocery store move higher, while borrowing cools,” said Robert Kavcic at BMO Economics.

The largest dollar increase among subsectors was registered at gasoline stations, where sales were up 1.4 per cent, their eighth increase in nine months. Statistics Canada’s Consumer Price Index for gasoline has risen by nearly 40 per cent since March 2009.

The eight per cent jump in pump prices in March was followed by a 6.5 per cent increase in April, which will also have an impact in next month’s report, Kavcic said.

The Capital Economics report added that recent declines in commodity prices —notably oil — could eventually offer consumers some relief, but not likely until at least the third quarter of the year.

Gas prices have skyrocketed in recent weeks and remain at an elevated ….even though the price of oil has backed off from their recent highs. It takes months for any sustained lower oil prices to work their way down to pump prices.

Higher prices contributed to a 0.8 per cent rise in sales at general merchandise stores in March.

Sales at electronics and appliance stores, were up 2.1 per cent — increasing for a second consecutive month following three months of declines.

The higher gas prices don’t seem to be deterring consumers from spending on their vehicles.

After three consecutive monthly declines, sales at motor vehicle and parts dealers rose 0.3 per cent in March. Sales increased 0.8 per cent at new car dealers while the rest of the subsector showed declines.

However, weakness was broad-based, with seven of the major components reporting declines in March and four sectors posting gains. Furniture sales saw the biggest decline, followed by sporting goods, health and personal care.

The latest data was much weaker than economists had been expecting and will put a dent in first-quarter gross domestic product growth. Sales for the first quarter were down an annualized 3.1 per cent, but firm results in manufacturing, wholesale and housing should still support positive real GDP growth in March, Kavcic said.

The data confirms that real consumption growth slowed to just above one per cent annualized in the first quarter, well below the five per cent pace seen in the final three months of last year, a report from Capital Economics said.

“Given the past increases in the prices of essentials such as food and gasoline, there is a good chance that the weaker growth in sales volumes will persist through the second quarter.”

Retail sales rose in seven provinces in March. The largest increase in dollar terms was in Quebec, where sales increased 0.5 per cent, offsetting the loss in February. All of the Atlantic provinces registered sales increases in March. Retailers in Nova Scotia (up 2.4 per cent) led the gains following two months of declines.

Ontario (down 0.8 per cent) recorded the largest sales decline in March. This was the third decrease in Ontario in four months.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Canadians rein in spending in March as higher pump, food prices eat into wallets

VANCOUVER, BC (May 20, 2011) Clearlease Reports Excluding the impact of steadily rising food and gas prices, Canadian retail sales fell in March, in a trend economists say is likely to persist as higher prices for staples continue to eat into consumers’ wallets.

The value of retail sales in March was flat at $37.3 billion but after removing the effects of price changes, particularly higher food and gasoline prices, retail sales volume slipped 0.8 per cent, according to a Statistics Canada report Friday.

“That marks four months of stagnant sales, suggesting that consumers are struggling with higher gasoline prices and food costs eating into fixed budgets,” CIBC economist Emanuella Enenajor said in a report.

Consumers appear to be reining in spending after a post-recession spree that saw some Canadians’ rack up high levels of debt — prompting warnings against spending beyond one’s means.

Meanwhile, rising food and gasoline prices are outpacing tepid income growth, which means consumers have to dedicate more of their incomes to those staples and reducing spending in other areas.

High gas prices kept inflation above the Bank of Canada’s comfort zone for the second straight month in April, with the overall price index remaining at an elevated 3.3 per cent, according to another Statistics Canada report on Friday.

The monthly gain in prices rose by 0.3 per cent — virtually all attributed to a 6.4 per cent hike at the pump — following a 1.1 per cent jump the previous month. Food purchased at stores rose 3.7 per cent in April, the same annual increase as in March, while overall food prices rose at slightly reduced 3.3 per cent rate.

That could mean a persistently tough environment for retailers, who are finding it difficult to pass along higher commodity prices. Retail sales make up about 40 per cent of total consumer spending in Canada.

“While a late Easter and dreary weather may have had an impact on March sales, Canadian consumer spending is clearly losing some momentum as prices at the pump and grocery store move higher, while borrowing cools,” said Robert Kavcic at BMO Economics.

The largest dollar increase among subsectors was registered at gasoline stations, where sales were up 1.4 per cent, their eighth increase in nine months. Statistics Canada’s Consumer Price Index for gasoline has risen by nearly 40 per cent since March 2009.

The eight per cent jump in pump prices in March was followed by a 6.5 per cent increase in April, which will also have an impact in next month’s report, Kavcic said.

The Capital Economics report added that recent declines in commodity prices —notably oil — could eventually offer consumers some relief, but not likely until at least the third quarter of the year.

Gas prices have skyrocketed in recent weeks and remain at an elevated ….even though the price of oil has backed off from their recent highs. It takes months for any sustained lower oil prices to work their way down to pump prices.

Higher prices contributed to a 0.8 per cent rise in sales at general merchandise stores in March.

Sales at electronics and appliance stores, were up 2.1 per cent — increasing for a second consecutive month following three months of declines.

The higher gas prices don’t seem to be deterring consumers from spending on their vehicles.

After three consecutive monthly declines, sales at motor vehicle and parts dealers rose 0.3 per cent in March. Sales increased 0.8 per cent at new car dealers while the rest of the subsector showed declines.

However, weakness was broad-based, with seven of the major components reporting declines in March and four sectors posting gains. Furniture sales saw the biggest decline, followed by sporting goods, health and personal care.

The latest data was much weaker than economists had been expecting and will put a dent in first-quarter gross domestic product growth. Sales for the first quarter were down an annualized 3.1 per cent, but firm results in manufacturing, wholesale and housing should still support positive real GDP growth in March, Kavcic said.

The data confirms that real consumption growth slowed to just above one per cent annualized in the first quarter, well below the five per cent pace seen in the final three months of last year, a report from Capital Economics said.

“Given the past increases in the prices of essentials such as food and gasoline, there is a good chance that the weaker growth in sales volumes will persist through the second quarter.”

Retail sales rose in seven provinces in March. The largest increase in dollar terms was in Quebec, where sales increased 0.5 per cent, offsetting the loss in February. All of the Atlantic provinces registered sales increases in March. Retailers in Nova Scotia (up 2.4 per cent) led the gains following two months of declines.

Ontario (down 0.8 per cent) recorded the largest sales decline in March. This was the third decrease in Ontario in four months.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Ocwen in lead to buy Goldman’s Litton

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports Ocwen in lead to buy Goldman’s Litton

VANCOUVER, BC (May 20, 2011) Clearlease Reports Goldman Sachs Group Inc has moved closer to offloading Litton Loan Servicing, with Ocwen Financial Corp leading in an auction to acquire the troubled mortgage business, sources familiar with the situation said this week.

A deal, however, has not been reached yet, so talks could still fall apart.

While Litton is not a large component of Goldman’s operations, divesting the business would close an unpleasant chapter for the Wall Street bank.

Goldman bought Litton in 2007 for about $430 million, hoping to glean more information about the housing market to aid its mortgage-bond trading business. Shortly after the deal closed, the subprime housing market fell into shambles.

High levels of delinquencies and foreclosures have cut into profits of many servicing businesses. In recent months, sloppy foreclosure practices have also attracted regulatory attention and bad publicity.

Goldman began considering a sale of Litton late last year, and in the first quarter it took a $220 million writedown related to the business.

In a regulatory filing, the bank said it expected to sell Litton within a year and was cooperating with requests for information from regulators and state attorneys general about its foreclosure practices as part of a nation-wide probe.

The Houston-based business could fetch up to $500 million in the auction, sources said last month. At the time these sources said Goldman was also offering 85 percent financing for the deal, which would be used to finance roughly $2.5 billion of “advances.”

Companies like Litton, which collect mortgage payments from borrowers and foreclose on properties, make advances to mortgage owners when a loan goes bad, to cover things like principal and interest payments.

Ocwen has been buying businesses from banks in recent months. Last May, Ocwen bought a $6.9 billion servicing portfolio from Morgan Stanley’s Saxon Mortgage Services. Ocwen also bought Barclays U.S. mortgage servicing business HomEq for $1.3 billion last year.

Goldman and Ocwen declined to comment. The sources declined to be named because the sale process is not public.

Other firms that looked at buying Litton include, Carrington Holding Co, Fortress Investment Group’s Nationstar, and several private equity firms, sources have previously said.

Ocwen’s shares were off 0.7 percent at $11.72, while Goldman’s stock was down 1.1 percent at $137.87 in early afternoon trading on the New York Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Ocwen in lead to buy Goldman's Litton

VANCOUVER, BC (May 20, 2011) Clearlease Reports Goldman Sachs Group Inc has moved closer to offloading Litton Loan Servicing, with Ocwen Financial Corp leading in an auction to acquire the troubled mortgage business, sources familiar with the situation said this week.

A deal, however, has not been reached yet, so talks could still fall apart.

While Litton is not a large component of Goldman’s operations, divesting the business would close an unpleasant chapter for the Wall Street bank.

Goldman bought Litton in 2007 for about $430 million, hoping to glean more information about the housing market to aid its mortgage-bond trading business. Shortly after the deal closed, the subprime housing market fell into shambles.

High levels of delinquencies and foreclosures have cut into profits of many servicing businesses. In recent months, sloppy foreclosure practices have also attracted regulatory attention and bad publicity.

Goldman began considering a sale of Litton late last year, and in the first quarter it took a $220 million writedown related to the business.

In a regulatory filing, the bank said it expected to sell Litton within a year and was cooperating with requests for information from regulators and state attorneys general about its foreclosure practices as part of a nation-wide probe.

The Houston-based business could fetch up to $500 million in the auction, sources said last month. At the time these sources said Goldman was also offering 85 percent financing for the deal, which would be used to finance roughly $2.5 billion of “advances.”

Companies like Litton, which collect mortgage payments from borrowers and foreclose on properties, make advances to mortgage owners when a loan goes bad, to cover things like principal and interest payments.

Ocwen has been buying businesses from banks in recent months. Last May, Ocwen bought a $6.9 billion servicing portfolio from Morgan Stanley’s Saxon Mortgage Services. Ocwen also bought Barclays U.S. mortgage servicing business HomEq for $1.3 billion last year.

Goldman and Ocwen declined to comment. The sources declined to be named because the sale process is not public.

Other firms that looked at buying Litton include, Carrington Holding Co, Fortress Investment Group’s Nationstar, and several private equity firms, sources have previously said.

Ocwen’s shares were off 0.7 percent at $11.72, while Goldman’s stock was down 1.1 percent at $137.87 in early afternoon trading on the New York Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Ocwen in lead to buy Goldman’s Litton

VANCOUVER, BC (May 20, 2011) Clearlease Reports Goldman Sachs Group Inc has moved closer to offloading Litton Loan Servicing, with Ocwen Financial Corp leading in an auction to acquire the troubled mortgage business, sources familiar with the situation said this week.

A deal, however, has not been reached yet, so talks could still fall apart.

While Litton is not a large component of Goldman’s operations, divesting the business would close an unpleasant chapter for the Wall Street bank.

Goldman bought Litton in 2007 for about $430 million, hoping to glean more information about the housing market to aid its mortgage-bond trading business. Shortly after the deal closed, the subprime housing market fell into shambles.

High levels of delinquencies and foreclosures have cut into profits of many servicing businesses. In recent months, sloppy foreclosure practices have also attracted regulatory attention and bad publicity.

Goldman began considering a sale of Litton late last year, and in the first quarter it took a $220 million writedown related to the business.

In a regulatory filing, the bank said it expected to sell Litton within a year and was cooperating with requests for information from regulators and state attorneys general about its foreclosure practices as part of a nation-wide probe.

The Houston-based business could fetch up to $500 million in the auction, sources said last month. At the time these sources said Goldman was also offering 85 percent financing for the deal, which would be used to finance roughly $2.5 billion of “advances.”

Companies like Litton, which collect mortgage payments from borrowers and foreclose on properties, make advances to mortgage owners when a loan goes bad, to cover things like principal and interest payments.

Ocwen has been buying businesses from banks in recent months. Last May, Ocwen bought a $6.9 billion servicing portfolio from Morgan Stanley’s Saxon Mortgage Services. Ocwen also bought Barclays U.S. mortgage servicing business HomEq for $1.3 billion last year.

Goldman and Ocwen declined to comment. The sources declined to be named because the sale process is not public.

Other firms that looked at buying Litton include, Carrington Holding Co, Fortress Investment Group’s Nationstar, and several private equity firms, sources have previously said.

Ocwen’s shares were off 0.7 percent at $11.72, while Goldman’s stock was down 1.1 percent at $137.87 in early afternoon trading on the New York Stock Exchange.
For more information please visit us at:
http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Air Canada (TSX:AC.B) customer service workers set to Strike

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports Air Canada (TSX:AC.B) customer service workers set to Strike

VANCOUVER, BC (May 20, 2011) Clearlease Reports Air Canada’s (TSX:AC.B) customer service and airport workers voted on Friday May 20, 2011 more than 98 per cent in favour of going on strike, if necessary, to support their efforts for a new collective agreement.

The Canadian Auto Workers union set a strike deadline for June 13 at midnight after more than 80 per cent of its members at Air Canada cast ballots.

Negotiations with the country’s largest airline resume in Toronto on Tuesday with a federally appointed mediator.

Air Canada said there is sufficient time for the parties to reach an agreement before the strike deadline.

If talks fail to reach a settlement, the airline said it plans to maintain full operations by implementing a contingency service plan at airports and call centres to minimize impact on customers.

Consequently, Air Canada said customers can continue to book flights with confidence.

The strike vote comes less than a day after Air Canada’s pilots rejected a tentative agreement designed to cut costs and pave the way for the launch of a low-cost carrier.

On the Toronto Stock Exchange, Air Canada’s shares gained one cent at $2.35 in morning trading.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Air Canada (TSX:AC.B) customer service workers set to Strike

VANCOUVER, BC (May 20, 2011) Clearlease Reports Air Canada’s (TSX:AC.B) customer service and airport workers voted on Friday May 20, 2011 more than 98 per cent in favour of going on strike, if necessary, to support their efforts for a new collective agreement.

The Canadian Auto Workers union set a strike deadline for June 13 at midnight after more than 80 per cent of its members at Air Canada cast ballots.

Negotiations with the country’s largest airline resume in Toronto on Tuesday with a federally appointed mediator.

Air Canada said there is sufficient time for the parties to reach an agreement before the strike deadline.

If talks fail to reach a settlement, the airline said it plans to maintain full operations by implementing a contingency service plan at airports and call centres to minimize impact on customers.

Consequently, Air Canada said customers can continue to book flights with confidence.

The strike vote comes less than a day after Air Canada’s pilots rejected a tentative agreement designed to cut costs and pave the way for the launch of a low-cost carrier.

On the Toronto Stock Exchange, Air Canada’s shares gained one cent at $2.35 in morning trading.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Air Canada (TSX:AC.B) customer service workers set to Strike

VANCOUVER, BC (May 20, 2011) Clearlease Reports Air Canada’s (TSX:AC.B) customer service and airport workers voted on Friday May 20, 2011 more than 98 per cent in favour of going on strike, if necessary, to support their efforts for a new collective agreement.

The Canadian Auto Workers union set a strike deadline for June 13 at midnight after more than 80 per cent of its members at Air Canada cast ballots.

Negotiations with the country’s largest airline resume in Toronto on Tuesday with a federally appointed mediator.

Air Canada said there is sufficient time for the parties to reach an agreement before the strike deadline.

If talks fail to reach a settlement, the airline said it plans to maintain full operations by implementing a contingency service plan at airports and call centres to minimize impact on customers.

Consequently, Air Canada said customers can continue to book flights with confidence.

The strike vote comes less than a day after Air Canada’s pilots rejected a tentative agreement designed to cut costs and pave the way for the launch of a low-cost carrier.

On the Toronto Stock Exchange, Air Canada’s shares gained one cent at $2.35 in morning trading.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Hydro-Quebec’s Q1 profit dips slightly to $1.4 billion on lower exports

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports Hydro-Quebec’s Q1 profit dips slightly to $1.4 billion on lower exports

VANCOUVER, BC (May 20, 2011) Clearlease Reports Friday May 20, 2011 that Hydro-Quebec’s net profit slipped slightly to $1.4 billion in the first three months of 2011 due to lower exports in cold winter temperatures.

The public utility’s net income dropped by just $37 million from the same period in 2010.

The colder winter temperatures prompted its production division to slightly reduce its net export volume in order to meet electricity demand in Quebec. Hydro-Quebec Production earned $782 million, down $42 million from the same period in 2010.

The $156-million decrease in net electricity exports was partly offset by a $136-million increase in revenue from electricity sales to Hydro-Quebec Distribution.

The distribution division earned $477 million, which was in line with the prior year results. Higher electricity sales was offset by increase electricity purchases.

Hydro-Quebec TransEnergie’s net income was flat at $135 million.

The construction segment’s activity slipped to $409 million from $512 million last year. Among the major projects underway are Eastmain-1-A/Sarcelle/Rupert and Romaine-2.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Hydro-Quebec's Q1 profit dips slightly to $1.4 billion on lower exports

VANCOUVER, BC (May 20, 2011) Clearlease Reports Friday May 20, 2011 that Hydro-Quebec’s net profit slipped slightly to $1.4 billion in the first three months of 2011 due to lower exports in cold winter temperatures.

The public utility’s net income dropped by just $37 million from the same period in 2010.

The colder winter temperatures prompted its production division to slightly reduce its net export volume in order to meet electricity demand in Quebec. Hydro-Quebec Production earned $782 million, down $42 million from the same period in 2010.

The $156-million decrease in net electricity exports was partly offset by a $136-million increase in revenue from electricity sales to Hydro-Quebec Distribution.

The distribution division earned $477 million, which was in line with the prior year results. Higher electricity sales was offset by increase electricity purchases.

Hydro-Quebec TransEnergie’s net income was flat at $135 million.

The construction segment’s activity slipped to $409 million from $512 million last year. Among the major projects underway are Eastmain-1-A/Sarcelle/Rupert and Romaine-2.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Hydro-Quebec’s Q1 profit dips slightly to $1.4 billion on lower exports

VANCOUVER, BC (May 20, 2011) Clearlease Reports Friday May 20, 2011 that Hydro-Quebec’s net profit slipped slightly to $1.4 billion in the first three months of 2011 due to lower exports in cold winter temperatures.

The public utility’s net income dropped by just $37 million from the same period in 2010.

The colder winter temperatures prompted its production division to slightly reduce its net export volume in order to meet electricity demand in Quebec. Hydro-Quebec Production earned $782 million, down $42 million from the same period in 2010.

The $156-million decrease in net electricity exports was partly offset by a $136-million increase in revenue from electricity sales to Hydro-Quebec Distribution.

The distribution division earned $477 million, which was in line with the prior year results. Higher electricity sales was offset by increase electricity purchases.

Hydro-Quebec TransEnergie’s net income was flat at $135 million.

The construction segment’s activity slipped to $409 million from $512 million last year. Among the major projects underway are Eastmain-1-A/Sarcelle/Rupert and Romaine-2.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Valuation worries drive Glencore below issue price

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports Valuation worries drive Glencore below issue price

VANCOUVER, BC (May 20, 2011) Clearlease Reports Shares in commodities trading group Glencore fell below their issue price of 530 pence on Friday May 20, 2011, the second day of conditional trading, as investors fretted over its valuation.

The world’s largest diversified commodities trader touched a low of 519 pence in unofficial grey market trade before closing at 524 pence, down 1.1 percent after more than 200 million shares changed hands, underperfoming a virtually flat FTSE index and a 0.4 percent dip in the broad mining sector.

The shares had closed on Thursday at 530 pence, exactly flat on a debut price in the middle of its indicated range, after a day of heavy volumes — more than twice Friday’s levels — that made it one of the most traded stocks in the market.

“Basically, the valuation looks a little bit rich. They worked very hard to get a favorable price and one could argue the only reason it was up yesterday was support from the sponsoring banks,” said analyst Nik Stanojevic at Brewin Dolphin.

“I think the market feels the same way. It wasn’t as if they sold this thing really cheaply with the expectation it would go up 50 percent on the first day.”

Unconditional trading begins on Tuesday in London, where Glencore’s offer of up to $11 billion is set to be the largest listing on record, and Wednesday in Hong Kong.

Glencore, the world’s largest diversified commodities trader, has said there was strong demand for its stock and it had enough buyers to cover its offering of up to $11 billion within hours of starting the sale process earlier this month.

But many investors have also expressed concern over the outlook for commodities, particularly after this month’s sell-off, and fretted over the discounts that should be applied to take account of Glencore’s conglomerate structure and of the fact it has operated away from the public eye for 37 years.

“Perhaps the fact that the float has, despite being over four times covered, been met with broad skepticism and sobriety is a sign of underlying health in the metals market?” analysts at Numis said in a morning note.

“The hopes for a 5-10 percent rally remain — not exactly LinkedIn, but the first objective remains stability and garnering faith in this new currency.”

Professional social networking site LinkedIn saw its shares more than double in their public trading debut on Thursday, a far cry from Glencore’s more muted start.

At the offer price of 530 pence, Glencore has a market value of 36.7 billion pounds ($59.3 billion). It will be the fifth-largest mining-related company on the London exchange.Hong Kong, including US upscale handbag maker Coach and luggage maker Samsonite.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Valuation worries drive Glencore below issue price

VANCOUVER, BC (May 20, 2011) Clearlease Reports Shares in commodities trading group Glencore fell below their issue price of 530 pence on Friday May 20, 2011, the second day of conditional trading, as investors fretted over its valuation.

The world’s largest diversified commodities trader touched a low of 519 pence in unofficial grey market trade before closing at 524 pence, down 1.1 percent after more than 200 million shares changed hands, underperfoming a virtually flat FTSE index and a 0.4 percent dip in the broad mining sector.

The shares had closed on Thursday at 530 pence, exactly flat on a debut price in the middle of its indicated range, after a day of heavy volumes — more than twice Friday’s levels — that made it one of the most traded stocks in the market.

“Basically, the valuation looks a little bit rich. They worked very hard to get a favorable price and one could argue the only reason it was up yesterday was support from the sponsoring banks,” said analyst Nik Stanojevic at Brewin Dolphin.

“I think the market feels the same way. It wasn’t as if they sold this thing really cheaply with the expectation it would go up 50 percent on the first day.”

Unconditional trading begins on Tuesday in London, where Glencore’s offer of up to $11 billion is set to be the largest listing on record, and Wednesday in Hong Kong.

Glencore, the world’s largest diversified commodities trader, has said there was strong demand for its stock and it had enough buyers to cover its offering of up to $11 billion within hours of starting the sale process earlier this month.

But many investors have also expressed concern over the outlook for commodities, particularly after this month’s sell-off, and fretted over the discounts that should be applied to take account of Glencore’s conglomerate structure and of the fact it has operated away from the public eye for 37 years.

“Perhaps the fact that the float has, despite being over four times covered, been met with broad skepticism and sobriety is a sign of underlying health in the metals market?” analysts at Numis said in a morning note.

“The hopes for a 5-10 percent rally remain — not exactly LinkedIn, but the first objective remains stability and garnering faith in this new currency.”

Professional social networking site LinkedIn saw its shares more than double in their public trading debut on Thursday, a far cry from Glencore’s more muted start.

At the offer price of 530 pence, Glencore has a market value of 36.7 billion pounds ($59.3 billion). It will be the fifth-largest mining-related company on the London exchange.Hong Kong, including US upscale handbag maker Coach and luggage maker Samsonite.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Valuation worries drive Glencore below issue price

VANCOUVER, BC (May 20, 2011) Clearlease Reports Shares in commodities trading group Glencore fell below their issue price of 530 pence on Friday May 20, 2011, the second day of conditional trading, as investors fretted over its valuation.

The world’s largest diversified commodities trader touched a low of 519 pence in unofficial grey market trade before closing at 524 pence, down 1.1 percent after more than 200 million shares changed hands, underperfoming a virtually flat FTSE index and a 0.4 percent dip in the broad mining sector.

The shares had closed on Thursday at 530 pence, exactly flat on a debut price in the middle of its indicated range, after a day of heavy volumes — more than twice Friday’s levels — that made it one of the most traded stocks in the market.

“Basically, the valuation looks a little bit rich. They worked very hard to get a favorable price and one could argue the only reason it was up yesterday was support from the sponsoring banks,” said analyst Nik Stanojevic at Brewin Dolphin.

“I think the market feels the same way. It wasn’t as if they sold this thing really cheaply with the expectation it would go up 50 percent on the first day.”

Unconditional trading begins on Tuesday in London, where Glencore’s offer of up to $11 billion is set to be the largest listing on record, and Wednesday in Hong Kong.

Glencore, the world’s largest diversified commodities trader, has said there was strong demand for its stock and it had enough buyers to cover its offering of up to $11 billion within hours of starting the sale process earlier this month.

But many investors have also expressed concern over the outlook for commodities, particularly after this month’s sell-off, and fretted over the discounts that should be applied to take account of Glencore’s conglomerate structure and of the fact it has operated away from the public eye for 37 years.

“Perhaps the fact that the float has, despite being over four times covered, been met with broad skepticism and sobriety is a sign of underlying health in the metals market?” analysts at Numis said in a morning note.

“The hopes for a 5-10 percent rally remain — not exactly LinkedIn, but the first objective remains stability and garnering faith in this new currency.”

Professional social networking site LinkedIn saw its shares more than double in their public trading debut on Thursday, a far cry from Glencore’s more muted start.

At the offer price of 530 pence, Glencore has a market value of 36.7 billion pounds ($59.3 billion). It will be the fifth-largest mining-related company on the London exchange.Hong Kong, including US upscale handbag maker Coach and luggage maker Samsonite.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Prada gets nod for $2 billion Hong Kong IPO

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports Prada gets nod for $2 billion Hong Kong IPO

VANCOUVER, BC (May 20, 2011) Clearlease Reports Italian luxury fashion house Prada has been given the green light today, Friday MAy 20, 2011 to launch an initial public offering in Hong Kong in June, in which it aims to raise up to US$2 billion, a report said Friday.

The family-owned fashion giant is looking to begin bookbuilding for institutional investors in the second week of June after receiving regulatory approval in the southern Chinese city, Dow Jones Newswires reported, quoting an unnamed source.

The Hong Kong Stock Exchange said they would not comment on any listing application status, while Prada’s spokeswoman in Hong Kong did not immediately return calls from AFP.

The Milan-based group filed a request for its highly anticipated public offering in March, in an offer which it plans to sell 20 percent of its shares. The move would value the group at up to eight billion euros ($11.3 billion).

Prada, which includes the Prada, Miu Miu, Church’s and Car Shoe brands is 95 percent controlled by the Prada family and executives.

Prada announced in January it would make its first public listing on the Hong Kong bourse in a sign of Asia’s growing appetite for designer goods, especially to tap the cash-rich mainland Chinese markets.

China is the world’s fastest-growing market for luxury goods.

It is forecast to be the world’s top buyer of products such as cosmetics, handbags, watches, shoes and clothes by 2015, according to consultancy PriceWaterhouseCoopers.

It will join a slew of other luxury fashion brands also eyeing a listing in Hong Kong, including US upscale handbag maker Coach and luggage maker Samsonite.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Prada gets nod for $2 billion Hong Kong IPO

VANCOUVER, BC (May 20, 2011) Clearlease Reports Italian luxury fashion house Prada has been given the green light today, Friday May 20, 2011 to launch an initial public offering in Hong Kong in June, in which it aims to raise up to US$2 billion, a report said Friday.

The family-owned fashion giant is looking to begin book building for institutional investors in the second week of June after receiving regulatory approval in the southern Chinese city, Dow Jones Newswires reported, quoting an unnamed source.

The Hong Kong Stock Exchange said they would not comment on any listing application status, while Prada’s spokeswoman in Hong Kong did not immediately return calls from AFP.

The Milan-based group filed a request for its highly anticipated public offering in March, in an offer which it plans to sell 20 percent of its shares. The move would value the group at up to eight billion euros ($11.3 billion).

Prada, which includes the Prada, Miu Miu, Church’s and Car Shoe brands is 95 percent controlled by the Prada family and executives.

Prada announced in January it would make its first public listing on the Hong Kong bourse in a sign of Asia’s growing appetite for designer goods, especially to tap the cash-rich mainland Chinese markets.

China is the world’s fastest-growing market for luxury goods.

It is forecast to be the world’s top buyer of products such as cosmetics, handbags, watches, shoes and clothes by 2015, according to consultancy PriceWaterhouseCoopers.

It will join a slew of other luxury fashion brands also eyeing a listing in Hong Kong, including US upscale handbag maker Coach and luggage maker Samsonite.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Prada gets nod for $2 billion Hong Kong IPO

VANCOUVER, BC (May 20, 2011) Clearlease Reports Italian luxury fashion house Prada has been given the green light today, Friday MAy 20, 2011 to launch an initial public offering in Hong Kong in June, in which it aims to raise up to US$2 billion, a report said Friday.

The family-owned fashion giant is looking to begin bookbuilding for institutional investors in the second week of June after receiving regulatory approval in the southern Chinese city, Dow Jones Newswires reported, quoting an unnamed source.

The Hong Kong Stock Exchange said they would not comment on any listing application status, while Prada’s spokeswoman in Hong Kong did not immediately return calls from AFP.

The Milan-based group filed a request for its highly anticipated public offering in March, in an offer which it plans to sell 20 percent of its shares. The move would value the group at up to eight billion euros ($11.3 billion).

Prada, which includes the Prada, Miu Miu, Church’s and Car Shoe brands is 95 percent controlled by the Prada family and executives.

Prada announced in January it would make its first public listing on the Hong Kong bourse in a sign of Asia’s growing appetite for designer goods, especially to tap the cash-rich mainland Chinese markets.

China is the world’s fastest-growing market for luxury goods.

It is forecast to be the world’s top buyer of products such as cosmetics, handbags, watches, shoes and clothes by 2015, according to consultancy PriceWaterhouseCoopers.

It will join a slew of other luxury fashion brands also eyeing a listing in Hong Kong, including US upscale handbag maker Coach and luggage maker Samsonite.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports High pump prices cut into April gasoline demand

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports High pump prices cut into April gasoline demand

VANCOUVER, BC (May 20, 2011) Clearlease Reports U.S. gasoline demand fell in April for the time in three months as high pump prices and expensive grocery bills took their toll on drivers, the American Petroleum Institute said on Friday.

Total U.S. crude oil and petroleum product consumption jumped 5.2 percent in April from a year earlier to 19.886 million barrels per day, according to the API’s monthly supply and demand report.

“Growth in product demand was mixed as the U.S. economy struggled to gain momentum,” said API chief economist John Felmy. “Gasoline demand was still up for the year to date over a year ago, but recent higher gasoline and food prices appear to have encouraged consumers to cut back in their driving.”

Deliveries, which are a good indicator of demand, are calculated by API to reflect petroleum products moved from refineries and bulk storage to wholesale and retail suppliers.

API’s total oil demand figure for April is much higher than the U.S. Energy Information Administration’s preliminary estimate of fuel consumption at 19.050 million bpd for the month. The EIA issues its revised April demand number at the end of June.

U.S. gasoline demand for April fell 2.2 percent to 8.906 million bpd, as the average pump price increased 24 cents a gallon during the month. Gasoline use was still up 0.8 percent during the first fourth months of this year.

Gasoline production at U.S. refineries in April also declined for the first time this year, but still was the second highest for the month in the past 10 years.

Demand for distillates, which included heating oil and diesel fuel, soared 15.2 percent to 4.270 million bpd.

“Deliveries of ultra-low sulfur distillate, the fuel used in commercial trucking, surged, suggesting continuing forward motion in the economy,” Felmy said.

Jet fuel demand in April increased 1.9 percent to 1.418 million bpd, while residual fuel use fell 0.5 percent to 575,000 bpd.

On the supply side, U.S. monthly crude oil production declined 0.5 percent to 5.467 million bpd.

Crude oil and petroleum product imports averaged 11.272 million bpd, down 9.9 percent from a year ago, leaving the U.S. a net exporter of refined products.

“A relatively weak dollar and strong product output from refiners continued to boost petroleum exports this year,” API said.

Total imports in April accounted for 56.6 percent of U.S. oil demand, down from 66.1 percent a year earlier.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports High pump prices cut into April gasoline demand

VANCOUVER, BC (May 20, 2011) Clearlease Reports U.S. gasoline demand fell in April for the time in three months as high pump prices and expensive grocery bills took their toll on drivers, the American Petroleum Institute said on Friday.

Total U.S. crude oil and petroleum product consumption jumped 5.2 percent in April from a year earlier to 19.886 million barrels per day, according to the API’s monthly supply and demand report.

“Growth in product demand was mixed as the U.S. economy struggled to gain momentum,” said API chief economist John Felmy. “Gasoline demand was still up for the year to date over a year ago, but recent higher gasoline and food prices appear to have encouraged consumers to cut back in their driving.”

Deliveries, which are a good indicator of demand, are calculated by API to reflect petroleum products moved from refineries and bulk storage to wholesale and retail suppliers.

API’s total oil demand figure for April is much higher than the U.S. Energy Information Administration’s preliminary estimate of fuel consumption at 19.050 million bpd for the month. The EIA issues its revised April demand number at the end of June.

U.S. gasoline demand for April fell 2.2 percent to 8.906 million bpd, as the average pump price increased 24 cents a gallon during the month. Gasoline use was still up 0.8 percent during the first fourth months of this year.

Gasoline production at U.S. refineries in April also declined for the first time this year, but still was the second highest for the month in the past 10 years.

Demand for distillates, which included heating oil and diesel fuel, soared 15.2 percent to 4.270 million bpd.

“Deliveries of ultra-low sulfur distillate, the fuel used in commercial trucking, surged, suggesting continuing forward motion in the economy,” Felmy said.

Jet fuel demand in April increased 1.9 percent to 1.418 million bpd, while residual fuel use fell 0.5 percent to 575,000 bpd.

On the supply side, U.S. monthly crude oil production declined 0.5 percent to 5.467 million bpd.

Crude oil and petroleum product imports averaged 11.272 million bpd, down 9.9 percent from a year ago, leaving the U.S. a net exporter of refined products.

“A relatively weak dollar and strong product output from refiners continued to boost petroleum exports this year,” API said.

Total imports in April accounted for 56.6 percent of U.S. oil demand, down from 66.1 percent a year earlier.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports High pump prices cut into April gasoline demand

VANCOUVER, BC (May 20, 2011) Clearlease Reports U.S. gasoline demand fell in April for the time in three months as high pump prices and expensive grocery bills took their toll on drivers, the American Petroleum Institute said on Friday.

Total U.S. crude oil and petroleum product consumption jumped 5.2 percent in April from a year earlier to 19.886 million barrels per day, according to the API’s monthly supply and demand report.

“Growth in product demand was mixed as the U.S. economy struggled to gain momentum,” said API chief economist John Felmy. “Gasoline demand was still up for the year to date over a year ago, but recent higher gasoline and food prices appear to have encouraged consumers to cut back in their driving.”

Deliveries, which are a good indicator of demand, are calculated by API to reflect petroleum products moved from refineries and bulk storage to wholesale and retail suppliers.

API’s total oil demand figure for April is much higher than the U.S. Energy Information Administration’s preliminary estimate of fuel consumption at 19.050 million bpd for the month. The EIA issues its revised April demand number at the end of June.

U.S. gasoline demand for April fell 2.2 percent to 8.906 million bpd, as the average pump price increased 24 cents a gallon during the month. Gasoline use was still up 0.8 percent during the first fourth months of this year.

Gasoline production at U.S. refineries in April also declined for the first time this year, but still was the second highest for the month in the past 10 years.

Demand for distillates, which included heating oil and diesel fuel, soared 15.2 percent to 4.270 million bpd.

“Deliveries of ultra-low sulfur distillate, the fuel used in commercial trucking, surged, suggesting continuing forward motion in the economy,” Felmy said.

Jet fuel demand in April increased 1.9 percent to 1.418 million bpd, while residual fuel use fell 0.5 percent to 575,000 bpd.

On the supply side, U.S. monthly crude oil production declined 0.5 percent to 5.467 million bpd.

Crude oil and petroleum product imports averaged 11.272 million bpd, down 9.9 percent from a year ago, leaving the U.S. a net exporter of refined products.

“A relatively weak dollar and strong product output from refiners continued to boost petroleum exports this year,” API said.

Total imports in April accounted for 56.6 percent of U.S. oil demand, down from 66.1 percent a year earlier.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports BofA (NYSE: BAC) names Americas equity capital markets head as Mary Ann Deignan

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports BofA (NYSE: BAC) names Americas equity capital markets head as Mary Ann Deignan

VANCOUVER, BC (May 20, 2011) Clearlease Reports Bank of America Corp said on Friday May 20, 2011 that Mary Ann Deignan would join the company from UBS AG to be its head of Americas equity capital markets.

Deignan will join the largest U.S. bank by assets in August and will report to Dan Cummings, head of BofA’s global equity capital markets.

She will be based in New York.

Deignan spent 7 years at UBS and worked as head of that bank’s Americas equity capital markets group since 2007.

Before UBS, she spent 11 years at Merrill Lynch, now owned by Bank of America, in a variety of roles.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports BofA (NYSE: BAC) names Americas equity capital markets head as Mary Ann Deignan

VANCOUVER, BC (May 20, 2011) Clearlease Reports Bank of America Corp said on Friday May 20, 2011 that Mary Ann Deignan would join the company from UBS AG to be its head of Americas equity capital markets.

Deignan will join the largest U.S. bank by assets in August and will report to Dan Cummings, head of BofA’s global equity capital markets.

She will be based in New York.

Deignan spent 7 years at UBS and worked as head of that bank’s Americas equity capital markets group since 2007.

Before UBS, she spent 11 years at Merrill Lynch, now owned by Bank of America, in a variety of roles.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports BofA (NYSE: BAC) names Americas equity capital markets head as Mary Ann Deignan

VANCOUVER, BC (May 20, 2011) Clearlease Reports Bank of America Corp said on Friday May 20, 2011 that Mary Ann Deignan would join the company from UBS AG to be its head of Americas equity capital markets.

Deignan will join the largest U.S. bank by assets in August and will report to Dan Cummings, head of BofA’s global equity capital markets.

She will be based in New York.

Deignan spent 7 years at UBS and worked as head of that bank’s Americas equity capital markets group since 2007.

Before UBS, she spent 11 years at Merrill Lynch, now owned by Bank of America, in a variety of roles.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Early Signals Point To Positive Open For TSX

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports Early Signals Point To Positive Open For TSX

VANCOUVER, BC (May 20, 2011) Clearlease Reports Toronto stocks may open higher Thursday amid firm commodities and mixed cues from the global equity markets. Traders will also react to the recent batch of corporate earnings reports that came in mixed.

Commodities were steady after the U.S. Federal Reserve’s minutes indicated that the policy makers will continue to support the economy and in no hurry to tighten monetary policy.

Asian markets ended mixed as Japanese investors dumped stocks after data revealed that the March 11 earthquake and tsunami took a heavy toll on the nation’s economy. Japan’s gross domestic product contracted an annualized 3.7 percent in the first quarter of 2011, belying economists expectations for a 2.0 percent drop. Meanwhile, European stocks were trading higher on support from commodities stocks.

U.S. stock futures were pointing to a higher open amid weekly jobless claims data.

On Wednesday, the S&P/TSX Composite Index surged to a weekly high, adding 166.19 points or 1.24 percent to 13607.25.

The price of crude oil was steady above $100 after official data revealed crude inventories were unchanged last week. Crude for June was flat at $100.10 a barrel

Gold for June slipped $6.80 to $1,489.00 an ounce.

In corporate news from Canada, Colombia focused oil and gas firm Pacific Rubiales Energy (PRE.TO) slipped in to red in first quarter, reporting net loss of $69.59 million or $0.26 per share compared to a profit of $76.13 million or $0.30 per share in the prior year quarter.

Oil and gas exploration company Angle Energy (NGL.TO) reported improved first quarter funds from operations of $22.99 million or $0.31 per share, compared to $12.47 million or $0.22 per share in the previous year quarter.

Drilling services provider PHX Energy Services (PHX.TO) reported that its first-quarter funds from operations rose to C$9.09 million or C$0.32 per share, from C$5.72 million or C$0.21 per share in the same quarter last year.

Silver mining company Pan American Silver (PAA.TO) reported a much improved first quarter net earnings of $92.7 million or $0.86 per share compared to $26.2 million or $0.25 per share a year ago.

Retail and commercial properties focused trust Artis Real Estate Investment Trust (AX_UN.TO) reported that its first-quarter funds from operations rose to C$21.67 million or C$0.28 per unit from C$11.80 million or C$0.27 per unit in the year ago quarter. The company said it would be acquiring $189.0 million of properties in Canada and $53.3 million of properties in the US. The company also confirmed the closing of $60.3 million of previously announced Canadian office and industrial property acquisitions.

Interactive white board maker Smart Technologies (SMA.TO) reported a decline in its fourth quarter profits to $7.6 million from $10.5 million in the year-ago period. Earnings per share were $0.06, flat with last year on a lower share count for the recent quarter. Analysts were expecting the company to report earnings of $0.08 per share this quarter.

GPS products maker Hemisphere GPS (HEM.TO) swung to profit in first quarter, reporting net income of $1.85 million or $0.03 per share compared to a loss of $1.01 million or $0.02 last year.

Closeout retail stores operator Liquidation World (LQW.TO) reported a wider second quarter net loss of C$14.0 million or C$0.47 per share compared with a net loss of C$2.9 million or C$0.18 per share in the prior year quarter.

In economic news from south of the border, the U.S. Labor Department said new applications for unemployment insurance fell 29,000 to 409,000. Economists were expecting the claims to come in at 425,000.

Elsewhere, total retail sales in UK, including automotive fuel, grew 1.1 percent month-on-month in April, after an upwardly revised 0.3 percent increase in March, data from the Office for National Statistics showed today. The retail sales growth for March was initially estimated at 0.2 percent. Economists were expecting a 0.8 percent increase for April.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Early Signals Point To Positive Open For TSX

VANCOUVER, BC (May 20, 2011) Clearlease Reports Toronto stocks may open higher Thursday amid firm commodities and mixed cues from the global equity markets. Traders will also react to the recent batch of corporate earnings reports that came in mixed.

Commodities were steady after the U.S. Federal Reserve’s minutes indicated that the policy makers will continue to support the economy and in no hurry to tighten monetary policy.

Asian markets ended mixed as Japanese investors dumped stocks after data revealed that the March 11 earthquake and tsunami took a heavy toll on the nation’s economy. Japan’s gross domestic product contracted an annualized 3.7 percent in the first quarter of 2011, belying economists expectations for a 2.0 percent drop. Meanwhile, European stocks were trading higher on support from commodities stocks.

U.S. stock futures were pointing to a higher open amid weekly jobless claims data.

On Wednesday, the S&P/TSX Composite Index surged to a weekly high, adding 166.19 points or 1.24 percent to 13607.25.

The price of crude oil was steady above $100 after official data revealed crude inventories were unchanged last week. Crude for June was flat at $100.10 a barrel

Gold for June slipped $6.80 to $1,489.00 an ounce.

In corporate news from Canada, Colombia focused oil and gas firm Pacific Rubiales Energy (PRE.TO) slipped in to red in first quarter, reporting net loss of $69.59 million or $0.26 per share compared to a profit of $76.13 million or $0.30 per share in the prior year quarter.

Oil and gas exploration company Angle Energy (NGL.TO) reported improved first quarter funds from operations of $22.99 million or $0.31 per share, compared to $12.47 million or $0.22 per share in the previous year quarter.

Drilling services provider PHX Energy Services (PHX.TO) reported that its first-quarter funds from operations rose to C$9.09 million or C$0.32 per share, from C$5.72 million or C$0.21 per share in the same quarter last year.

Silver mining company Pan American Silver (PAA.TO) reported a much improved first quarter net earnings of $92.7 million or $0.86 per share compared to $26.2 million or $0.25 per share a year ago.

Retail and commercial properties focused trust Artis Real Estate Investment Trust (AX_UN.TO) reported that its first-quarter funds from operations rose to C$21.67 million or C$0.28 per unit from C$11.80 million or C$0.27 per unit in the year ago quarter. The company said it would be acquiring $189.0 million of properties in Canada and $53.3 million of properties in the US. The company also confirmed the closing of $60.3 million of previously announced Canadian office and industrial property acquisitions.

Interactive white board maker Smart Technologies (SMA.TO) reported a decline in its fourth quarter profits to $7.6 million from $10.5 million in the year-ago period. Earnings per share were $0.06, flat with last year on a lower share count for the recent quarter. Analysts were expecting the company to report earnings of $0.08 per share this quarter.

GPS products maker Hemisphere GPS (HEM.TO) swung to profit in first quarter, reporting net income of $1.85 million or $0.03 per share compared to a loss of $1.01 million or $0.02 last year.

Closeout retail stores operator Liquidation World (LQW.TO) reported a wider second quarter net loss of C$14.0 million or C$0.47 per share compared with a net loss of C$2.9 million or C$0.18 per share in the prior year quarter.

In economic news from south of the border, the U.S. Labor Department said new applications for unemployment insurance fell 29,000 to 409,000. Economists were expecting the claims to come in at 425,000.

Elsewhere, total retail sales in UK, including automotive fuel, grew 1.1 percent month-on-month in April, after an upwardly revised 0.3 percent increase in March, data from the Office for National Statistics showed today. The retail sales growth for March was initially estimated at 0.2 percent. Economists were expecting a 0.8 percent increase for April.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Early Signals Point To Positive Open For TSX

VANCOUVER, BC (May 20, 2011) Clearlease Reports Toronto stocks may open higher Thursday amid firm commodities and mixed cues from the global equity markets. Traders will also react to the recent batch of corporate earnings reports that came in mixed.

Commodities were steady after the U.S. Federal Reserve’s minutes indicated that the policy makers will continue to support the economy and in no hurry to tighten monetary policy.

Asian markets ended mixed as Japanese investors dumped stocks after data revealed that the March 11 earthquake and tsunami took a heavy toll on the nation’s economy. Japan’s gross domestic product contracted an annualized 3.7 percent in the first quarter of 2011, belying economists expectations for a 2.0 percent drop. Meanwhile, European stocks were trading higher on support from commodities stocks.

U.S. stock futures were pointing to a higher open amid weekly jobless claims data.

On Wednesday, the S&P/TSX Composite Index surged to a weekly high, adding 166.19 points or 1.24 percent to 13607.25.

The price of crude oil was steady above $100 after official data revealed crude inventories were unchanged last week. Crude for June was flat at $100.10 a barrel

Gold for June slipped $6.80 to $1,489.00 an ounce.

In corporate news from Canada, Colombia focused oil and gas firm Pacific Rubiales Energy (PRE.TO) slipped in to red in first quarter, reporting net loss of $69.59 million or $0.26 per share compared to a profit of $76.13 million or $0.30 per share in the prior year quarter.

Oil and gas exploration company Angle Energy (NGL.TO) reported improved first quarter funds from operations of $22.99 million or $0.31 per share, compared to $12.47 million or $0.22 per share in the previous year quarter.

Drilling services provider PHX Energy Services (PHX.TO) reported that its first-quarter funds from operations rose to C$9.09 million or C$0.32 per share, from C$5.72 million or C$0.21 per share in the same quarter last year.

Silver mining company Pan American Silver (PAA.TO) reported a much improved first quarter net earnings of $92.7 million or $0.86 per share compared to $26.2 million or $0.25 per share a year ago.

Retail and commercial properties focused trust Artis Real Estate Investment Trust (AX_UN.TO) reported that its first-quarter funds from operations rose to C$21.67 million or C$0.28 per unit from C$11.80 million or C$0.27 per unit in the year ago quarter. The company said it would be acquiring $189.0 million of properties in Canada and $53.3 million of properties in the US. The company also confirmed the closing of $60.3 million of previously announced Canadian office and industrial property acquisitions.

Interactive white board maker Smart Technologies (SMA.TO) reported a decline in its fourth quarter profits to $7.6 million from $10.5 million in the year-ago period. Earnings per share were $0.06, flat with last year on a lower share count for the recent quarter. Analysts were expecting the company to report earnings of $0.08 per share this quarter.

GPS products maker Hemisphere GPS (HEM.TO) swung to profit in first quarter, reporting net income of $1.85 million or $0.03 per share compared to a loss of $1.01 million or $0.02 last year.

Closeout retail stores operator Liquidation World (LQW.TO) reported a wider second quarter net loss of C$14.0 million or C$0.47 per share compared with a net loss of C$2.9 million or C$0.18 per share in the prior year quarter.

In economic news from south of the border, the U.S. Labor Department said new applications for unemployment insurance fell 29,000 to 409,000. Economists were expecting the claims to come in at 425,000.

Elsewhere, total retail sales in UK, including automotive fuel, grew 1.1 percent month-on-month in April, after an upwardly revised 0.3 percent increase in March, data from the Office for National Statistics showed today. The retail sales growth for March was initially estimated at 0.2 percent. Economists were expecting a 0.8 percent increase for April.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports IMF official urges stronger EU response to debt crisis

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports IMF official urges stronger EU response to debt crisis

VANCOUVER, BC (May 20, 2011) Clearlease Reports Euro zone policymakers must produce a more comprehensive sweep of measures to tackle the bloc’s debt crisis decisively, stumping up more money to keep countries afloat, a top IMF official said on Friday.

Continued European Central Bank liquidity support for countries with banking sector problems was also critical, Ajai Chopra, the head of the International Monetary Fund mission to Ireland, said.

“A key element of a comprehensive European solution is a stronger area-wide crisis management framework. The priority here is to put into effect quickly an EFSF (euro zone rescue fund) upgrade that can deal more flexibly with the crisis we face today,” he told a news conference.

“The magnitude and terms of the financing need to be such that private creditors are convinced that the debt burden will be sustainable even in adverse scenarios and hence debt restructuring is off the table,” he said.

All euro zone countries needed to accelerate “repair and reform” of their financial sectors, Chopra said.

“Stress tests need to be followed, where appropriate, with bank recapitalization and in some cases banks may need to be restructured or closed down,” he said.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports IMF official urges stronger EU response to debt crisis

VANCOUVER, BC (May 20, 2011) Clearlease Reports Euro zone policymakers must produce a more comprehensive sweep of measures to tackle the bloc’s debt crisis decisively, stumping up more money to keep countries afloat, a top IMF official said on Friday.

Continued European Central Bank liquidity support for countries with banking sector problems was also critical, Ajai Chopra, the head of the International Monetary Fund mission to Ireland, said.

“A key element of a comprehensive European solution is a stronger area-wide crisis management framework. The priority here is to put into effect quickly an EFSF (euro zone rescue fund) upgrade that can deal more flexibly with the crisis we face today,” he told a news conference.

“The magnitude and terms of the financing need to be such that private creditors are convinced that the debt burden will be sustainable even in adverse scenarios and hence debt restructuring is off the table,” he said.

All euro zone countries needed to accelerate “repair and reform” of their financial sectors, Chopra said.

“Stress tests need to be followed, where appropriate, with bank recapitalization and in some cases banks may need to be restructured or closed down,” he said.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports IMF official urges stronger EU response to debt crisis

VANCOUVER, BC (May 20, 2011) Clearlease Reports Euro zone policymakers must produce a more comprehensive sweep of measures to tackle the bloc’s debt crisis decisively, stumping up more money to keep countries afloat, a top IMF official said on Friday.

Continued European Central Bank liquidity support for countries with banking sector problems was also critical, Ajai Chopra, the head of the International Monetary Fund mission to Ireland, said.

“A key element of a comprehensive European solution is a stronger area-wide crisis management framework. The priority here is to put into effect quickly an EFSF (euro zone rescue fund) upgrade that can deal more flexibly with the crisis we face today,” he told a news conference.

“The magnitude and terms of the financing need to be such that private creditors are convinced that the debt burden will be sustainable even in adverse scenarios and hence debt restructuring is off the table,” he said.

All euro zone countries needed to accelerate “repair and reform” of their financial sectors, Chopra said.

“Stress tests need to be followed, where appropriate, with bank recapitalization and in some cases banks may need to be restructured or closed down,” he said.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Lakeside Steel (TSXV:LS) expands in Texas acquisition of new plant and Houston office

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports Lakeside Steel (TSXV:LS) expands in Texas acquisition of new plant and Houston office

VANCOUVER, BC (May 20, 2011) Clearlease Reports Lakeside Steel Inc. (TSXV:LS), a maker of steel pipes and tubing, said Friday it has acquired a pipe services plant in Corpus Christi, Texas, and opened a new U.S. headquarters in Houston.

Financial terms of the deal for the new were not immediately available.

The company said the new U.S. office will be home to many of the senior executive team as well as sales, quality control and finance personnel.

“With our expansion into Texas, Lakeside Steel is better positioned to continue to improve upon the high level of service our customer base expects from us,” said Ron Bedard, Lakeside’s president and chief operating officer.

Lakeside Steel has three plants in Welland, Ont., and three facilities under construction in Thomasville, Ala., in addition to the plant in Corpus Christi.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Lakeside Steel (TSXV:LS) expands in Texas acquisition of new plant and Houston office

VANCOUVER, BC (May 20, 2011) Clearlease Reports Lakeside Steel Inc. (TSXV:LS), a maker of steel pipes and tubing, said Friday it has acquired a pipe services plant in Corpus Christi, Texas, and opened a new U.S. headquarters in Houston.

Financial terms of the deal for the new were not immediately available.

The company said the new U.S. office will be home to many of the senior executive team as well as sales, quality control and finance personnel.

“With our expansion into Texas, Lakeside Steel is better positioned to continue to improve upon the high level of service our customer base expects from us,” said Ron Bedard, Lakeside’s president and chief operating officer.

Lakeside Steel has three plants in Welland, Ont., and three facilities under construction in Thomasville, Ala., in addition to the plant in Corpus Christi.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Lakeside Steel (TSXV:LS) expands in Texas acquisition of new plant and Houston office

VANCOUVER, BC (May 20, 2011) Clearlease Reports Lakeside Steel Inc. (TSXV:LS), a maker of steel pipes and tubing, said Friday it has acquired a pipe services plant in Corpus Christi, Texas, and opened a new U.S. headquarters in Houston.

Financial terms of the deal for the new were not immediately available.

The company said the new U.S. office will be home to many of the senior executive team as well as sales, quality control and finance personnel.

“With our expansion into Texas, Lakeside Steel is better positioned to continue to improve upon the high level of service our customer base expects from us,” said Ron Bedard, Lakeside’s president and chief operating officer.

Lakeside Steel has three plants in Welland, Ont., and three facilities under construction in Thomasville, Ala., in addition to the plant in Corpus Christi.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Bank of Canada warns pension funds of risky buys

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports Bank of Canada warns pension funds of risky buys

VANCOUVER, BC (May 20, 2011) Clearlease Reports The Bank of Canada warned on Thursday May 1, 2011 that Canadian pension funds and insurance companies could be tempted to invest in risky assets in order to fulfill expectations of obtaining decent returns.

Timothy Lane, deputy governor at the central bank, said institutional investors are often expected or required to deliver a target rate of return.

In an environment where interest rates are still at extraordinarily low levels following the global financial crisis, the only way to achieve certain targets is by taking on extra risk, which can be rewarded by higher yields, Lane said in a speech in Vancouver, British Columbia, to an audience of professionals in the pension industry.

“This is a particular instance of the ‘search for yield’ that often accompanies a long period of very low interest rates,” he said.

“It may be associated with excessive credit creation and undue risk-taking as investors seek higher returns, leading to the underpricing of risk and unsustainable increases in asset prices,” he said.

Lane said new risks to the financial system were emerging as a result of a two-speed global economic recovery in which emerging markets are growing robustly and starting to raise interest rates to cool their economies while growth in advanced economies remains sluggish and rates still very low.

In addition, sovereign debt problems could indirectly threaten Canadian banks even though direct exposure to peripheral European countries is small. Debt problems elsewhere could hit Canada through higher funding costs and a decline in asset price valuations.

Canadian banks emerged from the global crisis unscathed and without need of bailouts. But policymakers say it’s too early to declare victory.

The Canadian central bank is busy developing new tools and models for assessing these emerging risks and Lane urged increased vigilance by policymakers elsewhere as well.

“The influence of sustained low interest rates in major advanced economies on risk-taking behavior is a powerful dynamic that bears watching,” he said.

Lane made no reference to current monetary policy in his speech. In answers to questions from the audience he repeated the bank’s already-stated view that the impact on inflation from high oil prices will be short-lived.

“Certainly energy prices have risen and that has been reflected, as we expected it to, in a run-up in overall inflation,” Lane said.

“That’s something that we expect to have a temporary effect on inflation as it passes through to the overall price level, but as we’ve seen so, far core inflation remains well anchored.”

The bank is widely expected to keep interest rates on hold at 1.0 percent on May 31, its next policy announcement date, and resume tightening in the second half of this year.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Bank of Canada warns pension funds of risky buys

VANCOUVER, BC (May 20, 2011) Clearlease Reports The Bank of Canada warned on Thursday May 1, 2011 that Canadian pension funds and insurance companies could be tempted to invest in risky assets in order to fulfill expectations of obtaining decent returns.

Timothy Lane, deputy governor at the central bank, said institutional investors are often expected or required to deliver a target rate of return.

In an environment where interest rates are still at extraordinarily low levels following the global financial crisis, the only way to achieve certain targets is by taking on extra risk, which can be rewarded by higher yields, Lane said in a speech in Vancouver, British Columbia, to an audience of professionals in the pension industry.

“This is a particular instance of the ‘search for yield’ that often accompanies a long period of very low interest rates,” he said.

“It may be associated with excessive credit creation and undue risk-taking as investors seek higher returns, leading to the underpricing of risk and unsustainable increases in asset prices,” he said.

Lane said new risks to the financial system were emerging as a result of a two-speed global economic recovery in which emerging markets are growing robustly and starting to raise interest rates to cool their economies while growth in advanced economies remains sluggish and rates still very low.

In addition, sovereign debt problems could indirectly threaten Canadian banks even though direct exposure to peripheral European countries is small. Debt problems elsewhere could hit Canada through higher funding costs and a decline in asset price valuations.

Canadian banks emerged from the global crisis unscathed and without need of bailouts. But policymakers say it’s too early to declare victory.

The Canadian central bank is busy developing new tools and models for assessing these emerging risks and Lane urged increased vigilance by policymakers elsewhere as well.

“The influence of sustained low interest rates in major advanced economies on risk-taking behavior is a powerful dynamic that bears watching,” he said.

Lane made no reference to current monetary policy in his speech. In answers to questions from the audience he repeated the bank’s already-stated view that the impact on inflation from high oil prices will be short-lived.

“Certainly energy prices have risen and that has been reflected, as we expected it to, in a run-up in overall inflation,” Lane said.

“That’s something that we expect to have a temporary effect on inflation as it passes through to the overall price level, but as we’ve seen so, far core inflation remains well anchored.”

The bank is widely expected to keep interest rates on hold at 1.0 percent on May 31, its next policy announcement date, and resume tightening in the second half of this year.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Bank of Canada warns pension funds of risky buys

VANCOUVER, BC (May 20, 2011) Clearlease Reports The Bank of Canada warned on Thursday May 1, 2011 that Canadian pension funds and insurance companies could be tempted to invest in risky assets in order to fulfill expectations of obtaining decent returns.

Timothy Lane, deputy governor at the central bank, said institutional investors are often expected or required to deliver a target rate of return.

In an environment where interest rates are still at extraordinarily low levels following the global financial crisis, the only way to achieve certain targets is by taking on extra risk, which can be rewarded by higher yields, Lane said in a speech in Vancouver, British Columbia, to an audience of professionals in the pension industry.

“This is a particular instance of the ‘search for yield’ that often accompanies a long period of very low interest rates,” he said.

“It may be associated with excessive credit creation and undue risk-taking as investors seek higher returns, leading to the underpricing of risk and unsustainable increases in asset prices,” he said.

Lane said new risks to the financial system were emerging as a result of a two-speed global economic recovery in which emerging markets are growing robustly and starting to raise interest rates to cool their economies while growth in advanced economies remains sluggish and rates still very low.

In addition, sovereign debt problems could indirectly threaten Canadian banks even though direct exposure to peripheral European countries is small. Debt problems elsewhere could hit Canada through higher funding costs and a decline in asset price valuations.

Canadian banks emerged from the global crisis unscathed and without need of bailouts. But policymakers say it’s too early to declare victory.

The Canadian central bank is busy developing new tools and models for assessing these emerging risks and Lane urged increased vigilance by policymakers elsewhere as well.

“The influence of sustained low interest rates in major advanced economies on risk-taking behavior is a powerful dynamic that bears watching,” he said.

Lane made no reference to current monetary policy in his speech. In answers to questions from the audience he repeated the bank’s already-stated view that the impact on inflation from high oil prices will be short-lived.

“Certainly energy prices have risen and that has been reflected, as we expected it to, in a run-up in overall inflation,” Lane said.

“That’s something that we expect to have a temporary effect on inflation as it passes through to the overall price level, but as we’ve seen so, far core inflation remains well anchored.”

The bank is widely expected to keep interest rates on hold at 1.0 percent on May 31, its next policy announcement date, and resume tightening in the second half of this year.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports stocks are seeing modest weakness in early trading on Friday

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports stocks are seeing modest weakness in early trading on Friday

VANCOUVER, BC (May 20, 2011) Clearlease Reports After moving mostly higher over the course of the two previous sessions, stocks are seeing modest weakness in early trading on Friday. The major averages have all moved to the downside, although selling pressure remains subdued.

Retail stocks are seeing some early weakness, with Gap (GPS) and Aeropostale (ARO) leading the sector lower after providing disappointing guidance. Shares of Gap and Aeropostale are down by 16.4 percent and 19.2 percent, respectively.

Gap reported first quarter earnings of $0.40 per share, down from 0.45 per share in the same quarter last year but above analyst estimates for earnings of $0.39 per share. However, the company also said it now expects full year earnings of $1.40 to $1.50 per share, well below estimates for $1.83 per share.

The company attributed the lower guidance to expectations that product costs per unit will be up about 20 percent in the second half of the year, more than outweighing retail price increases.

Aeropostale reported first quarter earnings that came in line with analyst estimates but forecasting second quarter earnings well below current expectations.

Citing business trends and an uncertain retail environment, Aeropostale also said it is neither reiterating nor providing an update to its full year guidance.

In other news out of the retail sector, Liberty Media has offered to acquire bookstore operator Barnes & Noble (BKS) for $17 per share in cash, representing a total value of about $1 billion. The offer represents a 20 percent premium to Barnes & Noble’s closing price on Thursday.

Steel, gold, and health insurance stocks are also seeing modest weakness, while early strength is visible in the electronic storage sector. Within the storage sector, shares of STEC, Inc. (STEC) have surged up by 9.4 percent, climbing well off their recent lows.

The major averages have edged up off their lows for the young session but currently remain in the red. The Dow is down 21.98 points or 0.2 percent at 12,583.34, the Nasdaq is down 3.37 points or 0.1 percent at 2,819.94 and the S&P 500 is down 2.88 points or 0.2 percent at 1,340.72.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports stocks are seeing modest weakness in early trading on Friday

VANCOUVER, BC (May 20, 2011) Clearlease Reports After moving mostly higher over the course of the two previous sessions, stocks are seeing modest weakness in early trading on Friday. The major averages have all moved to the downside, although selling pressure remains subdued.

Retail stocks are seeing some early weakness, with Gap (GPS) and Aeropostale (ARO) leading the sector lower after providing disappointing guidance. Shares of Gap and Aeropostale are down by 16.4 percent and 19.2 percent, respectively.

Gap reported first quarter earnings of $0.40 per share, down from 0.45 per share in the same quarter last year but above analyst estimates for earnings of $0.39 per share. However, the company also said it now expects full year earnings of $1.40 to $1.50 per share, well below estimates for $1.83 per share.

The company attributed the lower guidance to expectations that product costs per unit will be up about 20 percent in the second half of the year, more than outweighing retail price increases.

Aeropostale reported first quarter earnings that came in line with analyst estimates but forecasting second quarter earnings well below current expectations.

Citing business trends and an uncertain retail environment, Aeropostale also said it is neither reiterating nor providing an update to its full year guidance.

In other news out of the retail sector, Liberty Media has offered to acquire bookstore operator Barnes & Noble (BKS) for $17 per share in cash, representing a total value of about $1 billion. The offer represents a 20 percent premium to Barnes & Noble’s closing price on Thursday.

Steel, gold, and health insurance stocks are also seeing modest weakness, while early strength is visible in the electronic storage sector. Within the storage sector, shares of STEC, Inc. (STEC) have surged up by 9.4 percent, climbing well off their recent lows.

The major averages have edged up off their lows for the young session but currently remain in the red. The Dow is down 21.98 points or 0.2 percent at 12,583.34, the Nasdaq is down 3.37 points or 0.1 percent at 2,819.94 and the S&P 500 is down 2.88 points or 0.2 percent at 1,340.72.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports stocks are seeing modest weakness in early trading on Friday

VANCOUVER, BC (May 20, 2011) Clearlease Reports After moving mostly higher over the course of the two previous sessions, stocks are seeing modest weakness in early trading on Friday. The major averages have all moved to the downside, although selling pressure remains subdued.

Retail stocks are seeing some early weakness, with Gap (GPS) and Aeropostale (ARO) leading the sector lower after providing disappointing guidance. Shares of Gap and Aeropostale are down by 16.4 percent and 19.2 percent, respectively.

Gap reported first quarter earnings of $0.40 per share, down from 0.45 per share in the same quarter last year but above analyst estimates for earnings of $0.39 per share. However, the company also said it now expects full year earnings of $1.40 to $1.50 per share, well below estimates for $1.83 per share.

The company attributed the lower guidance to expectations that product costs per unit will be up about 20 percent in the second half of the year, more than outweighing retail price increases.

Aeropostale reported first quarter earnings that came in line with analyst estimates but forecasting second quarter earnings well below current expectations.

Citing business trends and an uncertain retail environment, Aeropostale also said it is neither reiterating nor providing an update to its full year guidance.

In other news out of the retail sector, Liberty Media has offered to acquire bookstore operator Barnes & Noble (BKS) for $17 per share in cash, representing a total value of about $1 billion. The offer represents a 20 percent premium to Barnes & Noble’s closing price on Thursday.

Steel, gold, and health insurance stocks are also seeing modest weakness, while early strength is visible in the electronic storage sector. Within the storage sector, shares of STEC, Inc. (STEC) have surged up by 9.4 percent, climbing well off their recent lows.

The major averages have edged up off their lows for the young session but currently remain in the red. The Dow is down 21.98 points or 0.2 percent at 12,583.34, the Nasdaq is down 3.37 points or 0.1 percent at 2,819.94 and the S&P 500 is down 2.88 points or 0.2 percent at 1,340.72.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Bernard Madoff’s daughter-in-law has deal for ‘heartbreaking’ memoir

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports Bernard Madoff’s daughter-in-law has deal for ‘heartbreaking’ memoir

VANCOUVER, BC (May 20, 2011) Clearlease Reports Bernard Madoff’s daughter-in-law has a deal for an “intimate and heartbreaking” memoir.

Blue Rider Press, an imprint of Penguin Group (USA) announced Thursday May 19, 2011 that Stephanie Madoff-Mack will have a book coming out in December. The memoir, currently untitled, will go “behind closed doors” as Madoff confesses to his family in December 2008 about his multibillion dollar Ponzi scheme.

Madoff, 73, is serving a 150-year prison sentence in North Carolina, after admitting that his investment advisory service was a giant pyramid scheme. Mark Madoff, Bernard Madoff’s son and Madoff-Mack’s husband, killed himself in December 2010.

The book will be a “riveting personal story,” according to Blue Rider.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Bernard Madoff's daughter-in-law has deal for 'heartbreaking' memoir

VANCOUVER, BC (May 20, 2011) Clearlease Reports Bernard Madoff’s daughter-in-law has a deal for an “intimate and heartbreaking” memoir.

Blue Rider Press, an imprint of Penguin Group (USA) announced Thursday May 19, 2011 that Stephanie Madoff-Mack will have a book coming out in December. The memoir, currently untitled, will go “behind closed doors” as Madoff confesses to his family in December 2008 about his multibillion dollar Ponzi scheme.

Madoff, 73, is serving a 150-year prison sentence in North Carolina, after admitting that his investment advisory service was a giant pyramid scheme. Mark Madoff, Bernard Madoff’s son and Madoff-Mack’s husband, killed himself in December 2010.

The book will be a “riveting personal story,” according to Blue Rider.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Bernard Madoff’s daughter-in-law has deal for ‘heartbreaking’ memoir

VANCOUVER, BC (May 20, 2011) Clearlease Reports Bernard Madoff’s daughter-in-law has a deal for an “intimate and heartbreaking” memoir.

Blue Rider Press, an imprint of Penguin Group (USA) announced Thursday May 19, 2011 that Stephanie Madoff-Mack will have a book coming out in December. The memoir, currently untitled, will go “behind closed doors” as Madoff confesses to his family in December 2008 about his multibillion dollar Ponzi scheme.

Madoff, 73, is serving a 150-year prison sentence in North Carolina, after admitting that his investment advisory service was a giant pyramid scheme. Mark Madoff, Bernard Madoff’s son and Madoff-Mack’s husband, killed himself in December 2010.

The book will be a “riveting personal story,” according to Blue Rider.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports crude prices helped push the Toronto stock market lower Friday

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports crude prices helped push the Toronto stock market lower Friday

VANCOUVER, BC (May 20, 2011) Clearlease Reports sliding crude prices helped push the Toronto stock market lower Friday May 20, 2011, while investors reflect on a positive week and strike a cautious note heading into the long Victoria Day weekend.

The S&P/TSX composite index fell 34.54 points to 13,590.56 while the TSX Venture Exchange rose 7.05 points to 2,009.27.

The Canadian dollar declined 0.27 of a cent to 103.01 cents US as the easing of inflationary pressures in April led to speculation that the Bank of Canada could delay raising interest rates.

Statistics Canada reported that inflation rose 0.3 per cent in April, a steep drop from the 1.1 per cent monthly increase experienced in March. Core inflation, which excludes volatile items like food and energy, posted a 0.2 per cent gain following a 0.7 per cent gain in March due to sharply higher energy prices.

The annual core rate edged down to 1.6 per cent from 1.7 per cent in March.

Losses in the loonie picked up after Statistics Canada reported that retail sales were flat in April, well below consensus expectations for a 0.8 per cent increase. Excluding autos, sales fell 0.1 per cent, which was also weaker than expected.

The financials sector led decliners, off 0.35 per cent with Royal Bank (TSX:RY) down 26 cents to $59.65 while Manulife Financial (TSX:MFC) lost 14 cents to $17.45.

The energy sector fell 0.34 per cent as crude oil futures gave back early gains, adding to losses sustained Thursday in the wake of economic data showing that a widely-watched gauge of future U.S. economic performance disappointed. The Conference Board’s leading indicator fell 0.3 per cent during April, which was the first monthly decline since last June.

The June contract on the New York Mercantile Exchange was down 31 cents to US$98.13 a barrel. Suncor Energy gave back 28 cents to C$39.38 and Cenovus Energy (TSX:CVE) was down 24 cents to $33.55.

Nexen Inc. (TSX:NXY), the Calgary-based major oilsands operator and global oil and natural gas producer, lost 15 cents to $21.94. It said Thursday it expects production this year to come in at the low end of its guidance, reflecting downtime at its Buzzard platform in the North Sea and a labour strike in Yemen.

In addition to Buzzard and Yemen, Nexen operates the Long Lake oilsands project in northern Alberta and has a seven per cent interest in the massive Syncrude Canada Ltd. oilsands mine.

Metal prices also advanced with the July copper contract ahead four cents to US$4.09 a pound. But the base metals sector moved down 0.31 per cent and Quadra FNX Mining (TSX:QUX) was 16 cents lower to C$14.51.

The June gold contract on the Nymex climbed $3.30 to US$1,495.70 an ounce. The gold sector was down slightly as Barrick Gold Corp. (TSX:ABX) faded 26 cents to C$43.92.

The TSX is up about 200 points this week, more than making up for last week’s decline. But sentiment has been negative and traders edgy on worries about slowing economic conditions, higher interest rates in countries which have supported the commodity boom such as China and India, and the European debt crisis.

The market is still well off the highs of the year of around 14,300 from early April.

New York markets also headed lower with the Dow Jones industrial average down 28.04 points to 12,577.28.

The Nasdaq composite index fell 5.12 points to 2,818.19 while the S&P 500 index slipped 3.52 points to 1,340.08.

In U.S. corporate news, faster cost increases than Gap Inc. expected sank the company’s first-quarter profit, and the clothing company dramatically cut its forecast for full-year earnings late Thursday. Gap said its net income fell 23 per cent to US$233 million, or 40 cents per share. Its revenue fell one per cent to US$3.29 billion and its shares plunged $3.91 to US$19.38.

Harry Winston Diamond Corp. (TSX:HW) said Thursday May 19, 2011 that it has entered into a business relationship with a group that is in the process of establishing a polished diamond investment fund. The fund being set up by Diamond Asset Advisors AG will be structured as a limited partnership of up to US$250 million offering institutional investors direct exposure to the wholesale market price of polished diamonds. Its shares were up 16 cents to C$15.74.

Asian markets were mixed with Japan’s Nikkei 225 index down 0.1 per cent, South Korea’s Kospi gained 0.8 per cent, Australia’s S&P/ASX 200 fell 0.5 per cent while Hong Kong’s Hang Seng was nearly 0.2 per cent higher.

Mainland Chinese shares edged lower as investors fretted over the economic outlook and watched for possible new, anti-inflation tightening measures by the country’s central banks.

The benchmark Shanghai Composite Index was narrowly down while the Shenzhen Composite Index of China’s smaller, second exchange fell 0.4 per cent.

London’s FTSE 100 index added 0.23 per cent, Frankfurt’s DAX was down 0.47 per cent while the Paris CAC 40 gave back 0.12 per cent.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports crude prices helped push the Toronto stock market lower Friday

VANCOUVER, BC (May 20, 2011) Clearlease Reports sliding crude prices helped push the Toronto stock market lower Friday May 20, 2011, while investors reflect on a positive week and strike a cautious note heading into the long Victoria Day weekend.

The S&P/TSX composite index fell 34.54 points to 13,590.56 while the TSX Venture Exchange rose 7.05 points to 2,009.27.

The Canadian dollar declined 0.27 of a cent to 103.01 cents US as the easing of inflationary pressures in April led to speculation that the Bank of Canada could delay raising interest rates.

Statistics Canada reported that inflation rose 0.3 per cent in April, a steep drop from the 1.1 per cent monthly increase experienced in March. Core inflation, which excludes volatile items like food and energy, posted a 0.2 per cent gain following a 0.7 per cent gain in March due to sharply higher energy prices.

The annual core rate edged down to 1.6 per cent from 1.7 per cent in March.

Losses in the loonie picked up after Statistics Canada reported that retail sales were flat in April, well below consensus expectations for a 0.8 per cent increase. Excluding autos, sales fell 0.1 per cent, which was also weaker than expected.

The financials sector led decliners, off 0.35 per cent with Royal Bank (TSX:RY) down 26 cents to $59.65 while Manulife Financial (TSX:MFC) lost 14 cents to $17.45.

The energy sector fell 0.34 per cent as crude oil futures gave back early gains, adding to losses sustained Thursday in the wake of economic data showing that a widely-watched gauge of future U.S. economic performance disappointed. The Conference Board’s leading indicator fell 0.3 per cent during April, which was the first monthly decline since last June.

The June contract on the New York Mercantile Exchange was down 31 cents to US$98.13 a barrel. Suncor Energy gave back 28 cents to C$39.38 and Cenovus Energy (TSX:CVE) was down 24 cents to $33.55.

Nexen Inc. (TSX:NXY), the Calgary-based major oilsands operator and global oil and natural gas producer, lost 15 cents to $21.94. It said Thursday it expects production this year to come in at the low end of its guidance, reflecting downtime at its Buzzard platform in the North Sea and a labour strike in Yemen.

In addition to Buzzard and Yemen, Nexen operates the Long Lake oilsands project in northern Alberta and has a seven per cent interest in the massive Syncrude Canada Ltd. oilsands mine.

Metal prices also advanced with the July copper contract ahead four cents to US$4.09 a pound. But the base metals sector moved down 0.31 per cent and Quadra FNX Mining (TSX:QUX) was 16 cents lower to C$14.51.

The June gold contract on the Nymex climbed $3.30 to US$1,495.70 an ounce. The gold sector was down slightly as Barrick Gold Corp. (TSX:ABX) faded 26 cents to C$43.92.

The TSX is up about 200 points this week, more than making up for last week’s decline. But sentiment has been negative and traders edgy on worries about slowing economic conditions, higher interest rates in countries which have supported the commodity boom such as China and India, and the European debt crisis.

The market is still well off the highs of the year of around 14,300 from early April.

New York markets also headed lower with the Dow Jones industrial average down 28.04 points to 12,577.28.

The Nasdaq composite index fell 5.12 points to 2,818.19 while the S&P 500 index slipped 3.52 points to 1,340.08.

In U.S. corporate news, faster cost increases than Gap Inc. expected sank the company’s first-quarter profit, and the clothing company dramatically cut its forecast for full-year earnings late Thursday. Gap said its net income fell 23 per cent to US$233 million, or 40 cents per share. Its revenue fell one per cent to US$3.29 billion and its shares plunged $3.91 to US$19.38.

Harry Winston Diamond Corp. (TSX:HW) said Thursday May 19, 2011 that it has entered into a business relationship with a group that is in the process of establishing a polished diamond investment fund. The fund being set up by Diamond Asset Advisors AG will be structured as a limited partnership of up to US$250 million offering institutional investors direct exposure to the wholesale market price of polished diamonds. Its shares were up 16 cents to C$15.74.

Asian markets were mixed with Japan’s Nikkei 225 index down 0.1 per cent, South Korea’s Kospi gained 0.8 per cent, Australia’s S&P/ASX 200 fell 0.5 per cent while Hong Kong’s Hang Seng was nearly 0.2 per cent higher.

Mainland Chinese shares edged lower as investors fretted over the economic outlook and watched for possible new, anti-inflation tightening measures by the country’s central banks.

The benchmark Shanghai Composite Index was narrowly down while the Shenzhen Composite Index of China’s smaller, second exchange fell 0.4 per cent.

London’s FTSE 100 index added 0.23 per cent, Frankfurt’s DAX was down 0.47 per cent while the Paris CAC 40 gave back 0.12 per cent.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports crude prices helped push the Toronto stock market lower Friday

VANCOUVER, BC (May 20, 2011) Clearlease Reports sliding crude prices helped push the Toronto stock market lower Friday May 20, 2011, while investors reflect on a positive week and strike a cautious note heading into the long Victoria Day weekend.

The S&P/TSX composite index fell 34.54 points to 13,590.56 while the TSX Venture Exchange rose 7.05 points to 2,009.27.

The Canadian dollar declined 0.27 of a cent to 103.01 cents US as the easing of inflationary pressures in April led to speculation that the Bank of Canada could delay raising interest rates.

Statistics Canada reported that inflation rose 0.3 per cent in April, a steep drop from the 1.1 per cent monthly increase experienced in March. Core inflation, which excludes volatile items like food and energy, posted a 0.2 per cent gain following a 0.7 per cent gain in March due to sharply higher energy prices.

The annual core rate edged down to 1.6 per cent from 1.7 per cent in March.

Losses in the loonie picked up after Statistics Canada reported that retail sales were flat in April, well below consensus expectations for a 0.8 per cent increase. Excluding autos, sales fell 0.1 per cent, which was also weaker than expected.

The financials sector led decliners, off 0.35 per cent with Royal Bank (TSX:RY) down 26 cents to $59.65 while Manulife Financial (TSX:MFC) lost 14 cents to $17.45.

The energy sector fell 0.34 per cent as crude oil futures gave back early gains, adding to losses sustained Thursday in the wake of economic data showing that a widely-watched gauge of future U.S. economic performance disappointed. The Conference Board’s leading indicator fell 0.3 per cent during April, which was the first monthly decline since last June.

The June contract on the New York Mercantile Exchange was down 31 cents to US$98.13 a barrel. Suncor Energy gave back 28 cents to C$39.38 and Cenovus Energy (TSX:CVE) was down 24 cents to $33.55.

Nexen Inc. (TSX:NXY), the Calgary-based major oilsands operator and global oil and natural gas producer, lost 15 cents to $21.94. It said Thursday it expects production this year to come in at the low end of its guidance, reflecting downtime at its Buzzard platform in the North Sea and a labour strike in Yemen.

In addition to Buzzard and Yemen, Nexen operates the Long Lake oilsands project in northern Alberta and has a seven per cent interest in the massive Syncrude Canada Ltd. oilsands mine.

Metal prices also advanced with the July copper contract ahead four cents to US$4.09 a pound. But the base metals sector moved down 0.31 per cent and Quadra FNX Mining (TSX:QUX) was 16 cents lower to C$14.51.

The June gold contract on the Nymex climbed $3.30 to US$1,495.70 an ounce. The gold sector was down slightly as Barrick Gold Corp. (TSX:ABX) faded 26 cents to C$43.92.

The TSX is up about 200 points this week, more than making up for last week’s decline. But sentiment has been negative and traders edgy on worries about slowing economic conditions, higher interest rates in countries which have supported the commodity boom such as China and India, and the European debt crisis.

The market is still well off the highs of the year of around 14,300 from early April.

New York markets also headed lower with the Dow Jones industrial average down 28.04 points to 12,577.28.

The Nasdaq composite index fell 5.12 points to 2,818.19 while the S&P 500 index slipped 3.52 points to 1,340.08.

In U.S. corporate news, faster cost increases than Gap Inc. expected sank the company’s first-quarter profit, and the clothing company dramatically cut its forecast for full-year earnings late Thursday. Gap said its net income fell 23 per cent to US$233 million, or 40 cents per share. Its revenue fell one per cent to US$3.29 billion and its shares plunged $3.91 to US$19.38.

Harry Winston Diamond Corp. (TSX:HW) said Thursday May 19, 2011 that it has entered into a business relationship with a group that is in the process of establishing a polished diamond investment fund. The fund being set up by Diamond Asset Advisors AG will be structured as a limited partnership of up to US$250 million offering institutional investors direct exposure to the wholesale market price of polished diamonds. Its shares were up 16 cents to C$15.74.

Asian markets were mixed with Japan’s Nikkei 225 index down 0.1 per cent, South Korea’s Kospi gained 0.8 per cent, Australia’s S&P/ASX 200 fell 0.5 per cent while Hong Kong’s Hang Seng was nearly 0.2 per cent higher.

Mainland Chinese shares edged lower as investors fretted over the economic outlook and watched for possible new, anti-inflation tightening measures by the country’s central banks.

The benchmark Shanghai Composite Index was narrowly down while the Shenzhen Composite Index of China’s smaller, second exchange fell 0.4 per cent.

London’s FTSE 100 index added 0.23 per cent, Frankfurt’s DAX was down 0.47 per cent while the Paris CAC 40 gave back 0.12 per cent.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports MDA (TSX:MDA) signs $35.9M RADARSAT contract extension with Canadian Space Agency

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports MDA (TSX:MDA) signs $35.9M RADARSAT contract extension with Canadian Space Agency

VANCOUVER, BC (May 20, 2011) Clearlease Reports MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) announced Thursday May 19, 2011, that it has signed a $35.9-million contract extension with the Canadian Space Agency for further design work on the agency’s RADARSAT Constellation Mission.

British Columbia-based MDA has been working on the contract under an authorization to proceed since March 2010 and said the latest addition brings the overall value of the design phase to $123 million.

The work involves developing the detailed design of the RCM and all of its subsystems and is the precursor to the build phase.

First announced in 2008, the RCM was described as an evolution of the RADARSAT program to ensure the continued use by government scientific and commercial clients of data produced by Canada’s advanced C-band radar satellites.

As part of the mission, the three-satellite configuration will provide complete daily coverage of Canada’s land and oceans as well as significant coverage of international areas for Canadian and international users.

Like RADARSAT-1 and RADARSAT-2, the Constellation is being designed to function day and night in all weather conditions.

MDA is a high technology company involved in many space-based innovations, including the Canadarm used on the space shuttle and the International Space Station.

Its stock was down 35 cent at $56.45 Thursday on the Toronto Stock Exchange.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports MDA (TSX:MDA) signs $35.9M RADARSAT contract extension with Canadian Space Agency

VANCOUVER, BC (May 20, 2011) Clearlease Reports MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) announced Thursday May 19, 2011, that it has signed a $35.9-million contract extension with the Canadian Space Agency for further design work on the agency’s RADARSAT Constellation Mission.

British Columbia-based MDA has been working on the contract under an authorization to proceed since March 2010 and said the latest addition brings the overall value of the design phase to $123 million.

The work involves developing the detailed design of the RCM and all of its subsystems and is the precursor to the build phase.

First announced in 2008, the RCM was described as an evolution of the RADARSAT program to ensure the continued use by government scientific and commercial clients of data produced by Canada’s advanced C-band radar satellites.

As part of the mission, the three-satellite configuration will provide complete daily coverage of Canada’s land and oceans as well as significant coverage of international areas for Canadian and international users.

Like RADARSAT-1 and RADARSAT-2, the Constellation is being designed to function day and night in all weather conditions.

MDA is a high technology company involved in many space-based innovations, including the Canadarm used on the space shuttle and the International Space Station.

Its stock was down 35 cent at $56.45 Thursday on the Toronto Stock Exchange.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports MDA (TSX:MDA) signs $35.9M RADARSAT contract extension with Canadian Space Agency

VANCOUVER, BC (May 20, 2011) Clearlease Reports MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) announced Thursday May 19, 2011, that it has signed a $35.9-million contract extension with the Canadian Space Agency for further design work on the agency’s RADARSAT Constellation Mission.

British Columbia-based MDA has been working on the contract under an authorization to proceed since March 2010 and said the latest addition brings the overall value of the design phase to $123 million.

The work involves developing the detailed design of the RCM and all of its subsystems and is the precursor to the build phase.

First announced in 2008, the RCM was described as an evolution of the RADARSAT program to ensure the continued use by government scientific and commercial clients of data produced by Canada’s advanced C-band radar satellites.

As part of the mission, the three-satellite configuration will provide complete daily coverage of Canada’s land and oceans as well as significant coverage of international areas for Canadian and international users.

Like RADARSAT-1 and RADARSAT-2, the Constellation is being designed to function day and night in all weather conditions.

MDA is a high technology company involved in many space-based innovations, including the Canadarm used on the space shuttle and the International Space Station.

Its stock was down 35 cent at $56.45 Thursday on the Toronto Stock Exchange.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports fewer Americans purchased previously occupied homes in April

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports fewer Americans purchased previously occupied homes in April

VANCOUVER, BC (May 20, 2011) Clearlease Reports Friday May 20, 2011 that fewer Americans purchased previously occupied homes in April, a troubling sign that the weak housing market remains a drag on the economy.

Sales fell 0.8 per cent in April to a seasonally adjusted annual rate of 5.05 million units, the National Association of Realtors said Thursday. That’s far below the 6 million homes a year that economists say represents a healthy market.

Purchases made by first-time homebuyers did increase but not nearly enough to signal a housing recovery is on the way. First-time buyers are critical because they typically improve their properties and invest in their communities, a combination that helps home values rise.

Foreclosures, on the other hand, force prices down. They represented more than a third of all sales in April and more are expected in the months ahead.

Since the housing boom went bust, sales have fallen in four of the past five years and hit a 13-year low last year. Declining home prices and low mortgage rates haven’t been enough to boost sales this year.

Some who want to buy can’t, mostly because banks have tightened lending requirements and are insisting on larger down payments. Many buyers who can qualify for loans are holding off. They are worried that home prices have yet to bottom out.

Economists say it could be years before the housing market fully recovers.

A growing problem is that some sales that are under contract are falling apart. A separate survey from the trade group found 11 per cent of Realtors said a contract was cancelled because an appraisal came in below the negotiated price. And 14 per cent said a contract was renegotiated to a lower price because of a low appraisal.

The median sales price in April was $163,700. That’s down 5 per cent from the same month one year ago. The median price of a new home is now nearly 31 per cent higher than the median price for a previously occupied home — or twice the normal markup.

The gap is largely because of the flood of foreclosures or short sales — when the lender accepts less than what is owed on the mortgage. Those sales are forcing down prices.

Sales of homes at risk of foreclosure fell in April. But they still made up 37 per cent of all purchases. And a large number of pending foreclosures are backlogged in the courts or held up by state and federal probes into troubled foreclosure practices by lenders.

A record 1 million homes were lost to foreclosures last year and foreclosure tracker RealtyTrac Inc. expects 1.2 million more will be lost this year.

Another problem for the housing market is the glut of unsold homes. In April, the supply rose to nearly 3.9 million. At last month’s sales pace, it would take more than 9 months to clear those homes. Analysts say a healthy supply can be cleared in six months.

The increase in unsold inventory “should continue to weigh on prices,” said Dan Greenhaus, chief economic strategist at Miller Tabak + Co.

The situation is much worse when taking into account the “shadow inventory” of homes, economists say. These are homes that are in the early stages of the foreclosure process but, because of backlogged courts or the government probes, have not hit the market for re-sale.

The Mortgage Bankers Association said Monday that about 8.3 per cent of homeowners missed at least one mortgage payment in the January-March quarter when adjusted for seasonal factors. That’s up 0.7 per cent from the previous quarter.

Sales fell across most regions of the country. In April, sales declined 7.5 per cent in the Northeast, 1.6 per cent in the West and 1 per cent in the South. But they rose 5.7 per cent in the Midwest.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports fewer Americans purchased previously occupied homes in April

VANCOUVER, BC (May 20, 2011) Clearlease Reports Friday May 20, 2011 that fewer Americans purchased previously occupied homes in April, a troubling sign that the weak housing market remains a drag on the economy.

Sales fell 0.8 per cent in April to a seasonally adjusted annual rate of 5.05 million units, the National Association of Realtors said Thursday. That’s far below the 6 million homes a year that economists say represents a healthy market.

Purchases made by first-time homebuyers did increase but not nearly enough to signal a housing recovery is on the way. First-time buyers are critical because they typically improve their properties and invest in their communities, a combination that helps home values rise.

Foreclosures, on the other hand, force prices down. They represented more than a third of all sales in April and more are expected in the months ahead.

Since the housing boom went bust, sales have fallen in four of the past five years and hit a 13-year low last year. Declining home prices and low mortgage rates haven’t been enough to boost sales this year.

Some who want to buy can’t, mostly because banks have tightened lending requirements and are insisting on larger down payments. Many buyers who can qualify for loans are holding off. They are worried that home prices have yet to bottom out.

Economists say it could be years before the housing market fully recovers.

A growing problem is that some sales that are under contract are falling apart. A separate survey from the trade group found 11 per cent of Realtors said a contract was cancelled because an appraisal came in below the negotiated price. And 14 per cent said a contract was renegotiated to a lower price because of a low appraisal.

The median sales price in April was $163,700. That’s down 5 per cent from the same month one year ago. The median price of a new home is now nearly 31 per cent higher than the median price for a previously occupied home — or twice the normal markup.

The gap is largely because of the flood of foreclosures or short sales — when the lender accepts less than what is owed on the mortgage. Those sales are forcing down prices.

Sales of homes at risk of foreclosure fell in April. But they still made up 37 per cent of all purchases. And a large number of pending foreclosures are backlogged in the courts or held up by state and federal probes into troubled foreclosure practices by lenders.

A record 1 million homes were lost to foreclosures last year and foreclosure tracker RealtyTrac Inc. expects 1.2 million more will be lost this year.

Another problem for the housing market is the glut of unsold homes. In April, the supply rose to nearly 3.9 million. At last month’s sales pace, it would take more than 9 months to clear those homes. Analysts say a healthy supply can be cleared in six months.

The increase in unsold inventory “should continue to weigh on prices,” said Dan Greenhaus, chief economic strategist at Miller Tabak + Co.

The situation is much worse when taking into account the “shadow inventory” of homes, economists say. These are homes that are in the early stages of the foreclosure process but, because of backlogged courts or the government probes, have not hit the market for re-sale.

The Mortgage Bankers Association said Monday that about 8.3 per cent of homeowners missed at least one mortgage payment in the January-March quarter when adjusted for seasonal factors. That’s up 0.7 per cent from the previous quarter.

Sales fell across most regions of the country. In April, sales declined 7.5 per cent in the Northeast, 1.6 per cent in the West and 1 per cent in the South. But they rose 5.7 per cent in the Midwest.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports fewer Americans purchased previously occupied homes in April

VANCOUVER, BC (May 20, 2011) Clearlease Reports Friday May 20, 2011 that fewer Americans purchased previously occupied homes in April, a troubling sign that the weak housing market remains a drag on the economy.

Sales fell 0.8 per cent in April to a seasonally adjusted annual rate of 5.05 million units, the National Association of Realtors said Thursday. That’s far below the 6 million homes a year that economists say represents a healthy market.

Purchases made by first-time homebuyers did increase but not nearly enough to signal a housing recovery is on the way. First-time buyers are critical because they typically improve their properties and invest in their communities, a combination that helps home values rise.

Foreclosures, on the other hand, force prices down. They represented more than a third of all sales in April and more are expected in the months ahead.

Since the housing boom went bust, sales have fallen in four of the past five years and hit a 13-year low last year. Declining home prices and low mortgage rates haven’t been enough to boost sales this year.

Some who want to buy can’t, mostly because banks have tightened lending requirements and are insisting on larger down payments. Many buyers who can qualify for loans are holding off. They are worried that home prices have yet to bottom out.

Economists say it could be years before the housing market fully recovers.

A growing problem is that some sales that are under contract are falling apart. A separate survey from the trade group found 11 per cent of Realtors said a contract was cancelled because an appraisal came in below the negotiated price. And 14 per cent said a contract was renegotiated to a lower price because of a low appraisal.

The median sales price in April was $163,700. That’s down 5 per cent from the same month one year ago. The median price of a new home is now nearly 31 per cent higher than the median price for a previously occupied home — or twice the normal markup.

The gap is largely because of the flood of foreclosures or short sales — when the lender accepts less than what is owed on the mortgage. Those sales are forcing down prices.

Sales of homes at risk of foreclosure fell in April. But they still made up 37 per cent of all purchases. And a large number of pending foreclosures are backlogged in the courts or held up by state and federal probes into troubled foreclosure practices by lenders.

A record 1 million homes were lost to foreclosures last year and foreclosure tracker RealtyTrac Inc. expects 1.2 million more will be lost this year.

Another problem for the housing market is the glut of unsold homes. In April, the supply rose to nearly 3.9 million. At last month’s sales pace, it would take more than 9 months to clear those homes. Analysts say a healthy supply can be cleared in six months.

The increase in unsold inventory “should continue to weigh on prices,” said Dan Greenhaus, chief economic strategist at Miller Tabak + Co.

The situation is much worse when taking into account the “shadow inventory” of homes, economists say. These are homes that are in the early stages of the foreclosure process but, because of backlogged courts or the government probes, have not hit the market for re-sale.

The Mortgage Bankers Association said Monday that about 8.3 per cent of homeowners missed at least one mortgage payment in the January-March quarter when adjusted for seasonal factors. That’s up 0.7 per cent from the previous quarter.

Sales fell across most regions of the country. In April, sales declined 7.5 per cent in the Northeast, 1.6 per cent in the West and 1 per cent in the South. But they rose 5.7 per cent in the Midwest.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports LinkedIn Corp’s shares more than doubled in their IPO

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports LinkedIn Corp’s shares more than doubled in their IPO

VANCOUVER, BC (May 20, 2011) Clearlease Reports Friday May 20, 2011 that fewer Americans purchased previously occupied homes in April, a troubling sign that the weak housing market remains a drag on the economy.

Sales fell 0.8 per cent in April to a seasonally adjusted annual rate of 5.05 million units, the National Association of Realtors said Thursday. That’s far below the 6 million homes a year that economists say represents a healthy market.

Purchases made by first-time homebuyers did increase but not nearly enough to signal a housing recovery is on the way. First-time buyers are critical because they typically improve their properties and invest in their communities, a combination that helps home values rise.

Foreclosures, on the other hand, force prices down. They represented more than a third of all sales in April and more are expected in the months ahead.

Since the housing boom went bust, sales have fallen in four of the past five years and hit a 13-year low last year. Declining home prices and low mortgage rates haven’t been enough to boost sales this year.

Some who want to buy can’t, mostly because banks have tightened lending requirements and are insisting on larger down payments. Many buyers who can qualify for loans are holding off. They are worried that home prices have yet to bottom out.

Economists say it could be years before the housing market fully recovers.

A growing problem is that some sales that are under contract are falling apart. A separate survey from the trade group found 11 per cent of Realtors said a contract was cancelled because an appraisal came in below the negotiated price. And 14 per cent said a contract was renegotiated to a lower price because of a low appraisal.

The median sales price in April was $163,700. That’s down 5 per cent from the same month one year ago. The median price of a new home is now nearly 31 per cent higher than the median price for a previously occupied home — or twice the normal markup.

The gap is largely because of the flood of foreclosures or short sales — when the lender accepts less than what is owed on the mortgage. Those sales are forcing down prices.

Sales of homes at risk of foreclosure fell in April. But they still made up 37 per cent of all purchases. And a large number of pending foreclosures are backlogged in the courts or held up by state and federal probes into troubled foreclosure practices by lenders.

A record 1 million homes were lost to foreclosures last year and foreclosure tracker RealtyTrac Inc. expects 1.2 million more will be lost this year.

Another problem for the housing market is the glut of unsold homes. In April, the supply rose to nearly 3.9 million. At last month’s sales pace, it would take more than 9 months to clear those homes. Analysts say a healthy supply can be cleared in six months.

The increase in unsold inventory “should continue to weigh on prices,” said Dan Greenhaus, chief economic strategist at Miller Tabak + Co.

The situation is much worse when taking into account the “shadow inventory” of homes, economists say. These are homes that are in the early stages of the foreclosure process but, because of backlogged courts or the government probes, have not hit the market for re-sale.

The Mortgage Bankers Association said Monday that about 8.3 per cent of homeowners missed at least one mortgage payment in the January-March quarter when adjusted for seasonal factors. That’s up 0.7 per cent from the previous quarter.

Sales fell across most regions of the country. In April, sales declined 7.5 per cent in the Northeast, 1.6 per cent in the West and 1 per cent in the South. But they rose 5.7 per cent in the Midwest.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports LinkedIn Corp’s shares more than doubled in their IPO

VANCOUVER, BC (May 20, 2011) Clearlease Reports Friday May 20, 2011 that fewer Americans purchased previously occupied homes in April, a troubling sign that the weak housing market remains a drag on the economy.

Sales fell 0.8 per cent in April to a seasonally adjusted annual rate of 5.05 million units, the National Association of Realtors said Thursday. That’s far below the 6 million homes a year that economists say represents a healthy market.

Purchases made by first-time homebuyers did increase but not nearly enough to signal a housing recovery is on the way. First-time buyers are critical because they typically improve their properties and invest in their communities, a combination that helps home values rise.

Foreclosures, on the other hand, force prices down. They represented more than a third of all sales in April and more are expected in the months ahead.

Since the housing boom went bust, sales have fallen in four of the past five years and hit a 13-year low last year. Declining home prices and low mortgage rates haven’t been enough to boost sales this year.

Some who want to buy can’t, mostly because banks have tightened lending requirements and are insisting on larger down payments. Many buyers who can qualify for loans are holding off. They are worried that home prices have yet to bottom out.

Economists say it could be years before the housing market fully recovers.

A growing problem is that some sales that are under contract are falling apart. A separate survey from the trade group found 11 per cent of Realtors said a contract was cancelled because an appraisal came in below the negotiated price. And 14 per cent said a contract was renegotiated to a lower price because of a low appraisal.

The median sales price in April was $163,700. That’s down 5 per cent from the same month one year ago. The median price of a new home is now nearly 31 per cent higher than the median price for a previously occupied home — or twice the normal markup.

The gap is largely because of the flood of foreclosures or short sales — when the lender accepts less than what is owed on the mortgage. Those sales are forcing down prices.

Sales of homes at risk of foreclosure fell in April. But they still made up 37 per cent of all purchases. And a large number of pending foreclosures are backlogged in the courts or held up by state and federal probes into troubled foreclosure practices by lenders.

A record 1 million homes were lost to foreclosures last year and foreclosure tracker RealtyTrac Inc. expects 1.2 million more will be lost this year.

Another problem for the housing market is the glut of unsold homes. In April, the supply rose to nearly 3.9 million. At last month’s sales pace, it would take more than 9 months to clear those homes. Analysts say a healthy supply can be cleared in six months.

The increase in unsold inventory “should continue to weigh on prices,” said Dan Greenhaus, chief economic strategist at Miller Tabak + Co.

The situation is much worse when taking into account the “shadow inventory” of homes, economists say. These are homes that are in the early stages of the foreclosure process but, because of backlogged courts or the government probes, have not hit the market for re-sale.

The Mortgage Bankers Association said Monday that about 8.3 per cent of homeowners missed at least one mortgage payment in the January-March quarter when adjusted for seasonal factors. That’s up 0.7 per cent from the previous quarter.

Sales fell across most regions of the country. In April, sales declined 7.5 per cent in the Northeast, 1.6 per cent in the West and 1 per cent in the South. But they rose 5.7 per cent in the Midwest.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports LinkedIn Corp’s shares more than doubled in their IPO

VANCOUVER, BC (May 20, 2011) Clearlease Reports Friday May 20, 2011 that fewer Americans purchased previously occupied homes in April, a troubling sign that the weak housing market remains a drag on the economy.

Sales fell 0.8 per cent in April to a seasonally adjusted annual rate of 5.05 million units, the National Association of Realtors said Thursday. That’s far below the 6 million homes a year that economists say represents a healthy market.

Purchases made by first-time homebuyers did increase but not nearly enough to signal a housing recovery is on the way. First-time buyers are critical because they typically improve their properties and invest in their communities, a combination that helps home values rise.

Foreclosures, on the other hand, force prices down. They represented more than a third of all sales in April and more are expected in the months ahead.

Since the housing boom went bust, sales have fallen in four of the past five years and hit a 13-year low last year. Declining home prices and low mortgage rates haven’t been enough to boost sales this year.

Some who want to buy can’t, mostly because banks have tightened lending requirements and are insisting on larger down payments. Many buyers who can qualify for loans are holding off. They are worried that home prices have yet to bottom out.

Economists say it could be years before the housing market fully recovers.

A growing problem is that some sales that are under contract are falling apart. A separate survey from the trade group found 11 per cent of Realtors said a contract was cancelled because an appraisal came in below the negotiated price. And 14 per cent said a contract was renegotiated to a lower price because of a low appraisal.

The median sales price in April was $163,700. That’s down 5 per cent from the same month one year ago. The median price of a new home is now nearly 31 per cent higher than the median price for a previously occupied home — or twice the normal markup.

The gap is largely because of the flood of foreclosures or short sales — when the lender accepts less than what is owed on the mortgage. Those sales are forcing down prices.

Sales of homes at risk of foreclosure fell in April. But they still made up 37 per cent of all purchases. And a large number of pending foreclosures are backlogged in the courts or held up by state and federal probes into troubled foreclosure practices by lenders.

A record 1 million homes were lost to foreclosures last year and foreclosure tracker RealtyTrac Inc. expects 1.2 million more will be lost this year.

Another problem for the housing market is the glut of unsold homes. In April, the supply rose to nearly 3.9 million. At last month’s sales pace, it would take more than 9 months to clear those homes. Analysts say a healthy supply can be cleared in six months.

The increase in unsold inventory “should continue to weigh on prices,” said Dan Greenhaus, chief economic strategist at Miller Tabak + Co.

The situation is much worse when taking into account the “shadow inventory” of homes, economists say. These are homes that are in the early stages of the foreclosure process but, because of backlogged courts or the government probes, have not hit the market for re-sale.

The Mortgage Bankers Association said Monday that about 8.3 per cent of homeowners missed at least one mortgage payment in the January-March quarter when adjusted for seasonal factors. That’s up 0.7 per cent from the previous quarter.

Sales fell across most regions of the country. In April, sales declined 7.5 per cent in the Northeast, 1.6 per cent in the West and 1 per cent in the South. But they rose 5.7 per cent in the Midwest.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports LinkedIn Corp’s shares more than doubled in their IPO

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports LinkedIn Corp’s shares more than doubled in their IPO

VANCOUVER, BC (May 20, 2011) Clearlease LinkedIn Corp’s shares more than doubled in their public trading debut on Thursday, evoking memories of the investor love affair with Internet stocks during the dot-com boom of the late 1990s.

The professional social networking company, which began in one man’s living room less than a decade ago, is now worth more than motorcycle maker Harley Davidson Inc and ratings company Moodys Corp.

“I got here at 6 a.m. We’ve been celebrating since then,” one LinkedIn employee said in the parking lot of the company’s Mountain View, California headquarters.

“We recognize that there’s potentially a bubble right now,” said the employee, who spoke on condition of anonymity.

Shares of LinkedIn, which rose as much as 171 percent in their first day of trade on the New York Stock Exchange, closed at $94.25, more than 109 percent above the $45 IPO price.

Bankers typically try to price an IPO so that the stock rises about 15 percent on the first day of trading: enough to reward investors who made a bet, but not so much that the company and original shareholders feel they were short-changed.

Only days ago, LinkedIn proposed a price range for the IPO that valued it at just over $3 billion. Now, after its first day of trade, it is worth nearly $9 billion, adding to concerns that social networking company valuations are out of whack with their earnings potential.

“It seems to bring back memories of the tech bubble,” said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. “Based on what I know it seems like investors are a little overly enthusiastic.”

One hedge fund manager who flipped his holdings in the low-80’s described how difficult it was to get shares. “I got 500 shares and was told to consider myself lucky,” he said.

“There are billion-dollar institutions that are not getting any stock,” he said, recounting something he learned from salesperson at one of the lead banks.

Underwriters for the IPO were led by Morgan Stanley, Bank of America Merrill Lynch and JPMorgan.

THE BUZZ

LinkedIn is the first prominent U.S. social networking company to publicly test just how hungry investors are for social media companies such as Facebook, Groupon and Twitter, which are widely expected to go public in coming months.

“It’s an inevitable process for us, the next thing that happens,” Facebook Chief Operating Officer Sheryl Sandberg told the Reuters Global Technology Summit on Thursday.

In recent years, only Chinese Internet stocks have seen such exuberant first-day trading on U.S. exchanges.

LinkedIn’s rise was the biggest for a newly public Web stock since shares of Qihoo 360 Technology Co, China’s third most-popular Internet company, rose 134 percent in their NYSE debut in March.

LinkedIn is one of few foreign social networking companies that can operate in China, where it has about a million users. Many other sites including Twitter, Facebook and Google don’t have a presence in the world’s biggest Internet market.

Similar to Facebook, LinkedIn allows users to create profile pages with a photo and details about themselves. But it is largely used for professional rather than social personas, and is basically an online database of electronic resumes.

The company’s 2010 net income attributable to common stockholders was $3.4 million on net revenue of $243.1 million. LinkedIn has said it does not expect to be profitable in 2011.

As of March 31, LinkedIn had 1,288 employees and 102 million registered members. As of Thursday, its market value per employee was almost $7 million and about $87 per user.

PHANTOM LAMBORGHINIS

LinkedIn Chief Executive Jeff Weine shrugged off the trading craze or even worries that the pricing underestimated the appetite for the stock.

“Speaking for myself, personally I’m not even thinking twice about where the price is today and leaving money on the table or even anything remotely along those lines,” he told Reuters, adding that the stock “will take care of itself.”

He also cautioned against viewing LinkedIn as a proxy for other potential big-name IPOs, saying those stocks would be driven by their own business prospects.

Weiner, who sold about 5 percent of his holdings in the offering, made $5.2 million on the IPO. His remaining stake in LinkedIn is worth just above $200 million.

LinkedIn’s co-founder, ex-PayPal executive Reid Hoffman, made $5.2 million by selling less than 1 percent of his shares. His remaining stake in the company — almost 22 percent of the voting power — is now worth about $1.8 billion.

The company raised $352.8 million on Wednesday by selling only an 8 percent stake, or 7.84 million shares, for $45 apiece. Because of strong demand, it increased its anticipated price range by $10 a day before the IPO to $42 to $45 per share.

LinkedIn’s shares were sold at about 17.5 times its 2010 sales. They are now worth 37 times 2010 sales. Google Inc’s shares are valued at just under six times 2010 sales.

“There’s a lot of enthusiasm and maybe there’s excess demand because there is just not a whole lot of supply of these types of companies in the market,” said Scott Cutler, co-head of U.S. listings at NYSE. “That can drive a richer valuation but it’s not a bubble.”

Outside LinkedIn headquarters, three men approached by a reporter said they worked for a company next door.

“We don’t work for LinkedIn. They are the ones driving the Lamborghinis,” one joked.

There were as yet no Lamborghinis in sight.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports LinkedIn Corp's shares more than doubled in their IPO

VANCOUVER, BC (May 20, 2011) Clearlease LinkedIn Corp’s shares more than doubled in their public trading debut on Thursday, evoking memories of the investor love affair with Internet stocks during the dot-com boom of the late 1990s.

The professional social networking company, which began in one man’s living room less than a decade ago, is now worth more than motorcycle maker Harley Davidson Inc and ratings company Moodys Corp.

“I got here at 6 a.m. We’ve been celebrating since then,” one LinkedIn employee said in the parking lot of the company’s Mountain View, California headquarters.

“We recognize that there’s potentially a bubble right now,” said the employee, who spoke on condition of anonymity.

Shares of LinkedIn, which rose as much as 171 percent in their first day of trade on the New York Stock Exchange, closed at $94.25, more than 109 percent above the $45 IPO price.

Bankers typically try to price an IPO so that the stock rises about 15 percent on the first day of trading: enough to reward investors who made a bet, but not so much that the company and original shareholders feel they were short-changed.

Only days ago, LinkedIn proposed a price range for the IPO that valued it at just over $3 billion. Now, after its first day of trade, it is worth nearly $9 billion, adding to concerns that social networking company valuations are out of whack with their earnings potential.

“It seems to bring back memories of the tech bubble,” said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. “Based on what I know it seems like investors are a little overly enthusiastic.”

One hedge fund manager who flipped his holdings in the low-80’s described how difficult it was to get shares. “I got 500 shares and was told to consider myself lucky,” he said.

“There are billion-dollar institutions that are not getting any stock,” he said, recounting something he learned from salesperson at one of the lead banks.

Underwriters for the IPO were led by Morgan Stanley, Bank of America Merrill Lynch and JPMorgan.

THE BUZZ

LinkedIn is the first prominent U.S. social networking company to publicly test just how hungry investors are for social media companies such as Facebook, Groupon and Twitter, which are widely expected to go public in coming months.

“It’s an inevitable process for us, the next thing that happens,” Facebook Chief Operating Officer Sheryl Sandberg told the Reuters Global Technology Summit on Thursday.

In recent years, only Chinese Internet stocks have seen such exuberant first-day trading on U.S. exchanges.

LinkedIn’s rise was the biggest for a newly public Web stock since shares of Qihoo 360 Technology Co, China’s third most-popular Internet company, rose 134 percent in their NYSE debut in March.

LinkedIn is one of few foreign social networking companies that can operate in China, where it has about a million users. Many other sites including Twitter, Facebook and Google don’t have a presence in the world’s biggest Internet market.

Similar to Facebook, LinkedIn allows users to create profile pages with a photo and details about themselves. But it is largely used for professional rather than social personas, and is basically an online database of electronic resumes.

The company’s 2010 net income attributable to common stockholders was $3.4 million on net revenue of $243.1 million. LinkedIn has said it does not expect to be profitable in 2011.

As of March 31, LinkedIn had 1,288 employees and 102 million registered members. As of Thursday, its market value per employee was almost $7 million and about $87 per user.

PHANTOM LAMBORGHINIS

LinkedIn Chief Executive Jeff Weine shrugged off the trading craze or even worries that the pricing underestimated the appetite for the stock.

“Speaking for myself, personally I’m not even thinking twice about where the price is today and leaving money on the table or even anything remotely along those lines,” he told Reuters, adding that the stock “will take care of itself.”

He also cautioned against viewing LinkedIn as a proxy for other potential big-name IPOs, saying those stocks would be driven by their own business prospects.

Weiner, who sold about 5 percent of his holdings in the offering, made $5.2 million on the IPO. His remaining stake in LinkedIn is worth just above $200 million.

LinkedIn’s co-founder, ex-PayPal executive Reid Hoffman, made $5.2 million by selling less than 1 percent of his shares. His remaining stake in the company — almost 22 percent of the voting power — is now worth about $1.8 billion.

The company raised $352.8 million on Wednesday by selling only an 8 percent stake, or 7.84 million shares, for $45 apiece. Because of strong demand, it increased its anticipated price range by $10 a day before the IPO to $42 to $45 per share.

LinkedIn’s shares were sold at about 17.5 times its 2010 sales. They are now worth 37 times 2010 sales. Google Inc’s shares are valued at just under six times 2010 sales.

“There’s a lot of enthusiasm and maybe there’s excess demand because there is just not a whole lot of supply of these types of companies in the market,” said Scott Cutler, co-head of U.S. listings at NYSE. “That can drive a richer valuation but it’s not a bubble.”

Outside LinkedIn headquarters, three men approached by a reporter said they worked for a company next door.

“We don’t work for LinkedIn. They are the ones driving the Lamborghinis,” one joked.

There were as yet no Lamborghinis in sight.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports LinkedIn Corp’s shares more than doubled in their IPO

VANCOUVER, BC (May 20, 2011) Clearlease LinkedIn Corp’s shares more than doubled in their public trading debut on Thursday, evoking memories of the investor love affair with Internet stocks during the dot-com boom of the late 1990s.

The professional social networking company, which began in one man’s living room less than a decade ago, is now worth more than motorcycle maker Harley Davidson Inc and ratings company Moodys Corp.

“I got here at 6 a.m. We’ve been celebrating since then,” one LinkedIn employee said in the parking lot of the company’s Mountain View, California headquarters.

“We recognize that there’s potentially a bubble right now,” said the employee, who spoke on condition of anonymity.

Shares of LinkedIn, which rose as much as 171 percent in their first day of trade on the New York Stock Exchange, closed at $94.25, more than 109 percent above the $45 IPO price.

Bankers typically try to price an IPO so that the stock rises about 15 percent on the first day of trading: enough to reward investors who made a bet, but not so much that the company and original shareholders feel they were short-changed.

Only days ago, LinkedIn proposed a price range for the IPO that valued it at just over $3 billion. Now, after its first day of trade, it is worth nearly $9 billion, adding to concerns that social networking company valuations are out of whack with their earnings potential.

“It seems to bring back memories of the tech bubble,” said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. “Based on what I know it seems like investors are a little overly enthusiastic.”

One hedge fund manager who flipped his holdings in the low-80’s described how difficult it was to get shares. “I got 500 shares and was told to consider myself lucky,” he said.

“There are billion-dollar institutions that are not getting any stock,” he said, recounting something he learned from salesperson at one of the lead banks.

Underwriters for the IPO were led by Morgan Stanley, Bank of America Merrill Lynch and JPMorgan.

THE BUZZ

LinkedIn is the first prominent U.S. social networking company to publicly test just how hungry investors are for social media companies such as Facebook, Groupon and Twitter, which are widely expected to go public in coming months.

“It’s an inevitable process for us, the next thing that happens,” Facebook Chief Operating Officer Sheryl Sandberg told the Reuters Global Technology Summit on Thursday.

In recent years, only Chinese Internet stocks have seen such exuberant first-day trading on U.S. exchanges.

LinkedIn’s rise was the biggest for a newly public Web stock since shares of Qihoo 360 Technology Co, China’s third most-popular Internet company, rose 134 percent in their NYSE debut in March.

LinkedIn is one of few foreign social networking companies that can operate in China, where it has about a million users. Many other sites including Twitter, Facebook and Google don’t have a presence in the world’s biggest Internet market.

Similar to Facebook, LinkedIn allows users to create profile pages with a photo and details about themselves. But it is largely used for professional rather than social personas, and is basically an online database of electronic resumes.

The company’s 2010 net income attributable to common stockholders was $3.4 million on net revenue of $243.1 million. LinkedIn has said it does not expect to be profitable in 2011.

As of March 31, LinkedIn had 1,288 employees and 102 million registered members. As of Thursday, its market value per employee was almost $7 million and about $87 per user.

PHANTOM LAMBORGHINIS

LinkedIn Chief Executive Jeff Weine shrugged off the trading craze or even worries that the pricing underestimated the appetite for the stock.

“Speaking for myself, personally I’m not even thinking twice about where the price is today and leaving money on the table or even anything remotely along those lines,” he told Reuters, adding that the stock “will take care of itself.”

He also cautioned against viewing LinkedIn as a proxy for other potential big-name IPOs, saying those stocks would be driven by their own business prospects.

Weiner, who sold about 5 percent of his holdings in the offering, made $5.2 million on the IPO. His remaining stake in LinkedIn is worth just above $200 million.

LinkedIn’s co-founder, ex-PayPal executive Reid Hoffman, made $5.2 million by selling less than 1 percent of his shares. His remaining stake in the company — almost 22 percent of the voting power — is now worth about $1.8 billion.

The company raised $352.8 million on Wednesday by selling only an 8 percent stake, or 7.84 million shares, for $45 apiece. Because of strong demand, it increased its anticipated price range by $10 a day before the IPO to $42 to $45 per share.

LinkedIn’s shares were sold at about 17.5 times its 2010 sales. They are now worth 37 times 2010 sales. Google Inc’s shares are valued at just under six times 2010 sales.

“There’s a lot of enthusiasm and maybe there’s excess demand because there is just not a whole lot of supply of these types of companies in the market,” said Scott Cutler, co-head of U.S. listings at NYSE. “That can drive a richer valuation but it’s not a bubble.”

Outside LinkedIn headquarters, three men approached by a reporter said they worked for a company next door.

“We don’t work for LinkedIn. They are the ones driving the Lamborghinis,” one joked.

There were as yet no Lamborghinis in sight.
For more information please visit us at:
http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Liberty Media offers $1 billion for Barnes & Noble (NYSE:BKS)

Friday, May 20th, 2011

Dominion Lending Centres Clearlease Reports Liberty Media offers $1 billion for Barnes & Noble (NYSE:BKS)

VANCOUVER, BC (May 20, 2011) Clearlease Reports Barnes & Noble Inc (NYSE:BKS) said John Malone’s Liberty Media Corp has proposed buying the largest U.S. bookstore chain for $1.02 billion.

Liberty Media has offered $17 per share, a 20.5 percent premium over Barnes & Noble’s closing share price on Thursday. Barnes & Noble said the offer has not yet been evaluated by its special committee.

Barnes & Noble put itself up for sale last August saying its shares were undervalued.

The company, which operates 720 bookstores, as well as a chain of college campus stores, has been facing declining print book sales.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Liberty Media offers $1 billion for Barnes & Noble (NYSE:BKS)

VANCOUVER, BC (May 20, 2011) Clearlease Reports Barnes & Noble Inc (NYSE:BKS) said John Malone’s Liberty Media Corp has proposed buying the largest U.S. bookstore chain for $1.02 billion.

Liberty Media has offered $17 per share, a 20.5 percent premium over Barnes & Noble’s closing share price on Thursday. Barnes & Noble said the offer has not yet been evaluated by its special committee.

Barnes & Noble put itself up for sale last August saying its shares were undervalued.

The company, which operates 720 bookstores, as well as a chain of college campus stores, has been facing declining print book sales.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports Liberty Media offers $1 billion for Barnes & Noble (NYSE:BKS)

VANCOUVER, BC (May 20, 2011) Clearlease Reports Barnes & Noble Inc (NYSE:BKS) said John Malone’s Liberty Media Corp has proposed buying the largest U.S. bookstore chain for $1.02 billion.

Liberty Media has offered $17 per share, a 20.5 percent premium over Barnes & Noble’s closing share price on Thursday. Barnes & Noble said the offer has not yet been evaluated by its special committee.

Barnes & Noble put itself up for sale last August saying its shares were undervalued.

The company, which operates 720 bookstores, as well as a chain of college campus stores, has been facing declining print book sales.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports British government says it will commit to a 50 per cent cut in carbon emissions by 2025

Tuesday, May 17th, 2011

Dominion Lending Centres Clearlease Reports British government says it will commit to a 50 per cent cut in carbon emissions by 2025

VANCOUVER, BC (May 17, 2011) Clearlease Reports The British government says it plans to cut the country’s carbon emissions in half by 2025.

Energy Secretary Chris Huhne told Parliament on Tuesday that Britain will adopt plans to cut emissions by about 50 per cent by that year. The goal will be based on emissions levels in the 1990s.

The goal is part of longer-term legal commitments to reduce greenhouse gas emissions by 60 per cent by 2030, and 80 per cent by 2050.

Industry representatives have argued against the targets, saying they could limit economic competitiveness.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports British government says it will commit to a 50 per cent cut in carbon emissions by 2025

VANCOUVER, BC (May 17, 2011) Clearlease Reports The British government says it plans to cut the country’s carbon emissions in half by 2025.

Energy Secretary Chris Huhne told Parliament on Tuesday that Britain will adopt plans to cut emissions by about 50 per cent by that year. The goal will be based on emissions levels in the 1990s.

The goal is part of longer-term legal commitments to reduce greenhouse gas emissions by 60 per cent by 2030, and 80 per cent by 2050.

Industry representatives have argued against the targets, saying they could limit economic competitiveness.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

Dominion Lending Centres Clearlease Reports British government says it will commit to a 50 per cent cut in carbon emissions by 2025

VANCOUVER, BC (May 17, 2011) Clearlease Reports The British government says it plans to cut the country’s carbon emissions in half by 2025.

Energy Secretary Chris Huhne told Parliament on Tuesday that Britain will adopt plans to cut emissions by about 50 per cent by that year. The goal will be based on emissions levels in the 1990s.

The goal is part of longer-term legal commitments to reduce greenhouse gas emissions by 60 per cent by 2030, and 80 per cent by 2050.

Industry representatives have argued against the targets, saying they could limit economic competitiveness.

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

About Dominion Lending Centres Clearlease

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

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

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

Contact DLC Clearlease.com:

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

###

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

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