BP to buy exploration rights in Brazil, Azerbaijan, Gulf of Mexico from Devon Energy for $7B
LONDON - Oil company BP PLC said Thursday it will pay $7 billion to acquire exploration rights in Brazil, Azerbaijan and the Gulf of Mexico from Devon Energy Corp.
BP said it is also selling, for $500 million, a 50 per cent stake in its Kirby oil sands interests in Canada to Devon, based i...
Thursday , March 11, 2010
China inflation rises in February, adding to pressure to keep recovery on track
BEIJING - China’s inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world’s third-largest economy on track.
Consumer prices rose 2.7 per cent in February over a year earlier, up from January’s 1.5 per cent increase, the N...
Thursday , March 11, 2010
Ballard revenue falls to US$16.5 million in Q4, US$46.7 million for 2009.
VANCOUVER, B.C. - Ballard Power Systems (TSX: BLD; NASDAQ: BLDP) says it earned US$16.5 million in its fourth quarter.
That’s down 13 per cent from the year-ago period.
For the full year, Ballard says it earned US$46.7 million, a drop of 2 per cent or $12.9 million from 2008.
In a statem...
Wednesday, March 10, 2010
Lawmakers to probe govt US agency’s handling of Toyota recalls, auto industry
WASHINGTON - Toyota’s massive recalls are bringing new scrutiny to the U.S. government’s safety agency, prompting Congress to look at how federal safety officials have lived up to their mission of protecting motorists.
A House panel on Thursday plans to examine the National Highway Traffic...
Wednesday, March 10, 2010
Glentel Inc. reports Q4 earnings of $5M up from $897,000 in Q4 of 2008
BURNABY, B.C. - Glentel Inc. (TSX:GLN) said Wednesday that it earned $5 million, or 46 cents per share for the three months ended Dec. 31.
That compares with a profit of $897,000, or eight cents per share, for the same period in the previous year.
Net earnings for the year were $16 millio...
Wednesday, March 10, 2010
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