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GM to close up to 1,100 dealers Troubled US carmaker General Motors announces plans to close up to 1,100 of its US dealerships in a bid to avoid bankruptcy. BBCBioFuel Reports First Quarter Results (PR Newswire) BIOFUEL ENERGY CORP. , an ethanol production company, today announced its first quarter results. For the three months ended March 31, 2009, revenues totaled $97.5 million, which was comprised of $79.9 million from sales of ethanol and $17.6 million from sales of distillers grain. yahoo.comTree Island Announces First Quarter 2009 Results VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2009) - Tree Island Wire Income Fund (TSX:TIL.UN) will hold a conference call and webcast to discuss its first quarter 2009 financial results on Tuesday, May 19, 2009 at 8:00 am Pacific Time (11:00 am Eastern). The call can be accessed by dialing: 1-800-766-6630 or 416-641-6117. A replay will be available through June 3, 2009 at: 1-800-408-3053 or 416-695-5800, Passcode: 2661260. The live and archived webcast can be accessed at: http://www.investorcalendar.com/IC/CEPage.asp?ID=145125 Market WireBattelle looking to bring in new leadership John Battelle, founder, chairman and CEO of Federated Media, announced today on his blog that he is seeking a top executive to help run his blog advertising business. Biz JournalPacific Energy Resources Ltd. Announces First Quarter 2009 Financial and Operating Results LONG BEACH, CALIFORNIA--(Marketwire - May 15, 2009) - Pacific Energy Resources Ltd. (TSX:PFE) (the 'Company') announces its first quarter financial and operating results for the quarter ended March 31, 2009. Financial Results: The Company's net loss from continuing operations was $41.2 million for the first quarter of 2009 compared to a net loss of $88.7 million in the first quarter of 2008. Included in the net loss for the 2009 period was $9.6 million of restructuring expenses and an inventory write down of $3.2 million. Included in the first quarter of 2008 results were the acceleration of expensing of accretion and amortization of deferred financing costs of $48.4 million. Net loss from continuing operations for the fourth quarter of 2008 was $185.1 million, including impairment charges of $131.4 million. Market WireTranzeo Wireless Reports First Quarter 2009 Results PITT MEADOWS, BRITISH COLUMBIA--(Marketwire - May 15, 2009) - Tranzeo Wireless Technologies Inc. (TSX:TZT), a leading producer of high-speed wireless broadband communication systems, today announced its financial results for the first quarter 2009. Financial Highlights: - Revenue was $3.2 million compared with $5.8 million year over year and compared with $3.2 million in the prior quarter. The decrease in sales year over year was primarily due to reduced demand from the United States market which we attribute to the economic downturn. Market WireOtis Announces Private Placement VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2009) - Otis Gold Corp. ('Otis' or the 'Company') (TSX VENTURE:OOO) is pleased to announce a non-brokered private placement of up to 4,000,000 units at a price of $0.25 per unit, for aggregate gross proceeds of up to CDN$1,000,000. Each unit will consist of one common share and one warrant, exercisable by the holder to acquire one additional common share at a price of $0.35 in year one and $0.55 in year two. The warrants are subject to a forced conversion which comes into effect once the shares trade above a weighted average price of $0.50 for any twenty consecutive trading-day period in year one, or $0.75 for any twenty consecutive trading-day period in year two. In the event a forced conversion, the expiry date will be the earlier of the regular two year expiry date and 30 days from the date the Company advises the placees of the forced conversion. Mining.comOrvana Announces Completion of Updated Feasibility Study and Decision to Proceed With Development of Don Mario Upper Mineralized Zone - Updated feasibility study confirms robust economics of the copper-gold deposit - Orvana targets first production toward the end of fiscal 2010 Mining.comState awards 12 grants to retrain laid-off workers The Minnesota Department of Employment and Economic Development on Friday announced that it has awarded grants to help employees laid off by 12 local companies, including Target Corp. and IBM Corp., find new jobs. Biz JournalBuffett Banks On Wells Fargo Billionaire Warren Buffett announced that he'd put some money into Wells Fargo, another sign that private financing has become available to better positioned companies in the still struggling, but see... Big News Network1 2 |
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