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Oil prices hold above US$124 a barrel on bullish momentum, weaker US dollar
BANGKOK, Thailand - Oil prices held close to a record above US$124 a barrel Friday in Asia as bullish momentum and renewed weakening of the U.S. dollar against foreign currencies kept the commodity on its upward trend.
Analysts, though, struggled to explain the continued rise of oil future...
at 2:49 on May 9, 2008, EDT.
U.S. consumers give stores some relief but still spend cautiously
NEW YORK - Consumers gave some of America's retailers a little relief in April after months of dismal sales, gravitating toward discounters and wholesale clubs but generally still shying away from stores selling clothes and other non-necessities.
The sales reports issued Thursday were bett...
at 10:17 on May 8, 2008, EDT.
Atlas Minerals shuffles top management as Ecuador mining limbo continues
CALGARY - Atlas Minerals Inc. (TSXV:AMR) has shuffled its top management "to accommodate the focus on a positive resolution in Ecuador," where Atlas and other international miners have been cast into uncertainty by the leftist government's suspension of industry work.
Andy Taunton, the hea...
at 9:58 on May 8, 2008, EDT.
Bonnett's Energy Services first quarter profits flat at $4.2 million
CALGARY - Oilfield services company Bonnett's Energy Services Trust reported flat net profits of $4.2 million for the first quarter.
The Calgary company said Thursday it earned 35 cents per unit for the three months ended March 31, compared with $4.2 million or 37 cents a unit in the same ...
at 9:58 on May 8, 2008, EDT.
Onex books Q1 profit of $45M as revenue rises 13 per cent to $6.2B
TORONTO - Onex Corp. (TSX:OCX) booked a 13 per cent rise in first-quarter revenue to $6.23 billion but net earnings declined to $45 million, compared with $149 million in the year-ago quarter which included $116 million from discontinued operations.
The Toronto-headquartered international ...
at 9:10 on May 8, 2008, EDT.
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