Business News

Ensign Energy announces U.S. operations expansion

ABJ - July 20 - Ensign Energy Services Inc. has announced that it has entered into a definitive agreement to acquire the land drilling division of Rowan Companies, Inc., for US$510 million plus working capital, payable in cash on closing, which is expected to occur ...
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Consumer prices dip in June

ABJ - July 19 - The Consumer Price Index for all urban consumers decreased 0.2 per cent in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reports. Over the last 12 months, the all items index increased 3.6 per cent before ...
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Tepid U.S. recovery, fiscal burden pose added risks for Canada

ABJ - July 18 - The current drama in Washington over increasing the U.S. debt ceiling and related conditions to reduce deficits is just the opening act in a long series of intense negotiations. There is no pain-free way for the United States to deal ...
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BHP’s $12.1 bn bid for Petrohawk will help more than triple on-year oil holding

ABJ  - July 15 - Where mining number one BHP Billiton goes, the masses inevitably follow, so what does the super-uber-major’s $12.1 billion cash bid for independent oil company, Petrohawk, mean in terms of BHP’s interests in U.S. energy? According to Marius Kloppers, BHP’s chief executive, “Petrohawk is attractive to ...
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BHP’s $12.1 bn bid for Petrohawk will help more than triple on-year oil holding

ABJ  - July 15 - Where mining number one BHP Billiton goes, the masses inevitably follow, so what does the super-uber-major’s $12.1 billion cash bid for independent oil company, Petrohawk, mean in terms of BHP’s interests in U.S. energy? According to Marius Kloppers, BHP’s ...
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Another big buy by Joy Global: $585 for Int'l Mining

ABJ - July 15 - Milwaukee-based Joy Global Inc. will purchase a 41 per cent stake in International Mining Machinery Holdings Ltd, of China, for $585 million, but there are more conditions to this sale than first glances suggest. The buy need to be ...
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CIBC invests stake in American Century

ABJ - July 15 - CIBC announced today that it will acquire a 41 per cent equity interest in American Century Investments, a major U.S. asset management company with US$112 billion under management and a track record of solid earnings and strong investment performance. ...
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Dome Rock Project announces exploration update

ABJ - July 14 - Gunpowder Gold Corporation has announced completion of the first phase of its exploration program on the Dome Rock property in Arizona. Phase 1 of the exploration program included sediment sampling wherein multiple sediment samples were taken on ...
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Fayette County protestors hit DEP to fight permits for strip mining in the locality

ABJ - July 13 - Around 50 people gathered at the Department of Environmental Protection (DEP) in Charleston, West Virginia, to pit themselves against plans put forward by Frasure Creek Mining to carry out strip mining in the picturesque New River Gorge region, Fayette County. ...
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Capital One reports Q2 results

ABJ - July 13 - Capital One Financial Corp. today announced net income for the second quarter of 2011 of $911 million, or $1.97 per diluted common share, compared with net income of $1 billion, or $2.21 per diluted common share, for the first quarter ...
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