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Business
Southern Pacific says independent reserve estimate 4.5 times management's Print E-mail
Monday, 18 August 2008


at 13:42 on August 18, 2008, EDT.

CALGARY - Southern Pacific Resource Corp. shares popped Monday as a favourable early resource estimate by an independent engineering firm increased the possibility that the junior oilsands developer (TSXV:STP) will become a takeover target.

 
Canasil signs deal with Pan American Silver to explore Escobar claims Print E-mail
Monday, 18 August 2008


at 12:21 on August 18, 2008, EDT.

VANCOUVER - Canasil Resources Inc. (TSXV:CLZ), a junior miner based in Vancouver, says it has signed a deal with Pan American Silver Corp. (TSX:PAA) to earn up to 51 per cent of Pan American's Escobar claims in Mexico for US$1 million in exploration spending over three years.

 
Genivar acquires Henderson Paddon engineering and consulting firm Print E-mail
Monday, 18 August 2008


at 12:20 on August 18, 2008, EDT.

MONTREAL - Engineering company Genivar Income Fund (TSX:GNV.UN) has acquired Henderson Paddon&Associates Ltd., an Ontario-based civil engineering and environmental consulting firm.

 
Oil prices drop below US$113 as storm threat eases Print E-mail
Monday, 18 August 2008


at 12:19 on August 18, 2008, EDT.

NEW YORK - Crude prices dropped below $113 a barrel in volatile trading Monday as Tropical Storm Fay swirled toward Florida but appeared unlikely to disrupt oil installations in the Gulf of Mexico.

 
Fortress Paper reports Q2 profit of $3.4M on sales of $49.1M Print E-mail
Monday, 11 August 2008
VANCOUVER - Specialty paper company Fortress Paper Ltd. (TSX:FTP) said capacity increases led to higher sales in the second quarter compared to last...
 
Aastra Q2 sales up 31 per cent but profit down on restructuring fees, acquisition Print E-mail
Monday, 11 August 2008
TORONTO - Aastra Technologies Ltd. (TSX:AAH) said profit slipped in the second quarter due to restructuring costs and an acquisition, but that sales...
 
Migenix to reduce, replace board as part of deal with shareholder DJohnson Print E-mail
Monday, 11 August 2008
VANCOUVER - Migenix Inc. (TSX:MGI) says it has reached an agreement with major shareholder DJohnson Holdings Inc. that will avoid a proxy contest at...
 
Timminco Q2 widens Q2 loss to $7M from year-ago $1.5M on restructuring charge Print E-mail
Monday, 11 August 2008
TORONTO - Specialty metals producer Timminco Ltd. (TSX:TIM) widened its quarterly loss to $7 million from $1.5 million last year on a $9.8 million...
 
Oil extends its slide on signs of demand slowdown worldwide Print E-mail
Monday, 11 August 2008
NEW YORK - Oil prices finished at a new three-month low Monday after briefly dropping below US$113 a barrel mark, as the U.S. dollar extended its...
 
Chrysler executive says company working on quality Print E-mail
Monday, 11 August 2008
TRAVERSE CITY, Mich. - Chrysler LLC's manufacturing chief says the company is working with great energy and speed to fix its quality problems, but...
 
U.S. Federal Reserve finds deepening credit crisis as banks tighten credit Print E-mail
Monday, 11 August 2008
WASHINGTON - More U.S. banks are tightening lending standards on home mortgages and other consumer and business loans as a deepening credit crisis...
 
U.S. to study Canadian and British govt support of Bombardier CSeries plane Print E-mail
Monday, 11 August 2008
MONTREAL - Aircraft manufacturer Bombardier (TSX:BBD.B) said it is confident that British and Canadian government funding of its newly launched...
 
Rogers Video stores to change name to Rogers Plus over next few months Print E-mail
Monday, 11 August 2008
RICHMOND, B.C. - Canadian movie and video game rental chain Rogers Video will change its name to Rogers Plus by the end of the year to reflect the...
 
Mega Brands future in question after it seeks to dilute shares with $75M debt issue Print E-mail
Monday, 11 August 2008
MONTREAL - The future of Mega Brands Inc. (TSX:MB) as a public company is being questioned after it announced plans Monday to issue $75 million in...
 
Conporec seeks to restructure under Companies' Creditors Arrangement Act Print E-mail
Monday, 11 August 2008
SOREL-TRACY, Que - Conporec Inc. (TSXV:CNX), a Quebec-based waste treatment firm, has shut down some operations and is seeking bankruptcy protection...
 
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