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Soaring China property prices raise worries over bubble, leave many unable to buy own homes

Elaine Kurtenbach, THE ASSOCIATED PRESS 10 Mar, 2010 0 0

SHANGHAI, China - The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals. Yang

Warren Buffett still gets $100K salary at Berkshire Hathaway, but security costs grow to $345K

Josh Funk, THE ASSOCIATED PRESS 10 Mar, 2010 0 0

OMAHA, Neb. - Warren Buffett brought home less pay than Berkshire Hathaway's chief financial officer again last year, but the company is paying more to protect the billionaire these days. Buffett, chairman and chief executive of the Omaha, Neb.,-based company, received $519,490 total compensatio

Paramount Energy Trust makes $126-million acquisition in west central Alberta

THE CANADIAN PRESS 10 Mar, 2010 0 0

CALGARY - Paramount Energy Trust (TSX:PMT.UN) has signed a deal to acquire oil and natural gas assets in the Edson area of west central Alberta from an unidentified company for $126 million. The trust said the deal includes 1,685 barrels of oil equivalent per day in production with 80 per cent o

Electronics manufacturing firm SMTC reports Q4 profit of US$2.2 million

THE CANADIAN PRESS 10 Mar, 2010 0 0

TORONTO - SMTC Corp. (TSX:SMX) said Wednesday it turned a profit in its latest quarter compared with a loss a year ago, despite lower revenue. The electronics manufacturing firm, which keeps its books in U.S. dollars, earned US$2.2 million or 14 cents per share for the quarter ended Jan. 3 compa

WaterFurnace Renewable Energy reports US$6.1-million profit for Q4

THE CANADIAN PRESS 10 Mar, 2010 0 0

FORT WAYNE, Ind. - WaterFurnace Renewable Energy Inc. (TSX:WFI) reported a increase in its fourth-quarter profit compared with a year, while sales dipped slightly. The company, which keeps its books in U.S. dollars, said Wednesday it earned US$6.1 million or 50 cents per diluted share for the qu

Complaints of runaway Priuses spike, but it could have something to do with psychology

Erin Mcclam,Tom Krisher, THE ASSOCIATED PRESS 10 Mar, 2010 0 0

NEW YORK - Reports of sudden acceleration in the Toyota Prius have spiked across the United States. But that doesn't mean there's an epidemic of bad gas pedals in the popular hybrid. Experts on consumer psychology say the relentless negative media attention Toyota has received since the fall mak

Amazon.com says move into Canada would create jobs, could lower shipping prices

Sunny Freeman, THE CANADIAN PRESS 10 Mar, 2010 0 0

TORONTO - Amazon.com Inc.'s proposal to open a Canadian distribution centre could bring jobs and lower prices to Canadians, the U.S. web retailer says. Paul Misener, Amazon's (NASDAQ:AMZN) vice-president of global public policy who has been meeting with government officials, says a Canadian dist

Report: BP PLC emerges as leading candidate for Devon Energy's Gulf, international assets

THE ASSOCIATED PRESS 10 Mar, 2010 0 0

BP PLC, Europe's second-largest oil company, is the leading candidate to purchase assets worth more than US$5 billion from independent oil and gas producer Devon Energy, the Wall Street Journal said Wednesday. BP (NYSE:BP) is expected to buy Devon's interests in the Gulf of Mexico, offshore Braz


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