Exchange Magazine - Daily Business and Economic Development News

Posted Friday, May 16, 2008
Exchange Morning Post

Business, Economics, Entrepreneurs,
Environment, Science and Technology

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Biofuel Realities

How to create a future for biofuels
By Jeffrey M. Seisler

Liquid biofuels – ethanol and ‘biodiesel' – have captured the worldwide and European fascination as renewable energy for the transport sector, but the tide seems to be turning now that people are realising the inherent challenges of leaping into a liquid biofuels policy in the absence of adequate consideration of the down-stream results.

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New motor vehicle sales

Alberta and BC Hit Hardest with Decline of New Motor Vehicles

Despite a slight decline in March, sales of new motor vehicles closed the first quarter of 2008 with their strongest gain since 1998.

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Quarterly Results

Wolverine Tube Reports 2008 First Quarter Results

HUNTSVILLE, Ala. - Wolverine Tube, Inc. reported results for the first quarter 2008. Net income for the first quarter of 2008 was $3.8 million compared to a net loss of $2.2 million in the same period of 2007.
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Environmental

Suffolk Downs Race Course Ordered to Reduce Bacterial Waste in Stormwater

Boston, Mass. – EPA has ordered the Suffolk Downs horse racing track of East Boston to take immediate action to reduce pollutants being discharged to Sales Creek, a tributary to Boston Harbor.

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Construction

Environment Organization Celebrates Award Winning Green Building Designs

2008 Design to Earn the ENERGY STAR Projects Recognized at American Institute of Architects Convention in Boston

Boston, MA - At the American Institute of Architects Convention (AIA) in Boston, the U.S. Environmental Protection Agency unveiled the newest group of architecture projects to achieve Designed to Earn the ENERGY STAR, the government’s mark of superior energy efficiency in building design.

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Stepping In

RENT BANK FUNDING BOOSTED IN WATERLOO REGION

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Climate Change

British professor gives UW talk on climate change and melting glaciers
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Self Service - Buying

North American Consumers Demand More Self-Service Options

Ontario Government Helps Low-Income Tenants

Ontario is helping more low-income renters in Waterloo Region stay in their homes by allocating $108, 565 to the local rent bank.

WATERLOO - A leading glaciologist and winner of Britain's prestigious Queen's Polar Medal will give a public talk next week at the University of Waterloo on how climate change is melting the world's glaciers.

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Tourism

Zoom Airlines offers Paris as a "jumping off point" for European vacations

Direct Flights to Paris from Toronto and Montreal starting at $199

OTTAWA - Whether taking a grand tour of Europe by car, river barge or with a backpack, Paris is a great place to start. And with three flights to Paris per week from Toronto and four per week from Montreal, there's no better and affordable way to get there than with Zoom Airlines.

Study results reflecting increase over last year are symbolic of what lies ahead, says NCR Chairman and CEO Bill Nuti

ORLANDO, Fla. – A growing legion of North American consumers use self-service in their everyday lives, and the latest research from NCR Corporation ) shows an increasing percentage of individuals actually favor businesses that offer “do-it-myself” options.

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Morning Column

The Thief of Time: Complexity
by John L. Mariotti

Time. Nobody has enough of it. Everyone wishes they could have more. It flies by, and once gone, can never be recovered. It is the one truly perishable resource. The workdays fill up and overflow.

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Clean Air

Frank Klees MPP enters power plant debate

North York - Support for taking another look at the best way to meet Northern York Region’s power needs grew yesterday when Newmarket-Aurora MPP Frank Klees called on Energy Minister Gerry Phillips to revive the Northern York Region Working Group.

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Stay Healthy

Healthy eating for healthy blood pressure

Toronto, ON - Dietitians of Canada is one of 12 organizations joining forces on World Hypertension Day (WHD), May 17, 2008 to shine the spotlight on the importance of a healthy blood pressure.

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Transportation Choices

Toyota Prius tops one million global sales

Canadians, too, continue to pick the world's most successful gasoline- electric hybrid vehicle

TORONTO - More than 10,000 Canadians have picked the award-winning Toyota Prius - the world's best-selling gasoline-electric hybrid vehicle - as their environmentally responsible choice for personal transportation.

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Trade and Exchange

NASDAQ OMX Announces April 2008 Market Performance Statistics for U.S. and Nordic Exchanges

Equity Trading Increased On The NASDAQ Stock Market and Nordic Markets

The NASDAQ Stock Market's Matched Share Volume in NYSE-Listed Stocks Increased Significantly From Year Ago Period

NEW YORK - The NASDAQ OMX Group, Inc. announced consolidated market performance statistics for its U.S. and Nordic exchanges for the month of April 2008.

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Milestone

Erich Schultz Collections Endowment marks $100,000 milestone

WATERLOO — Named in honour of Wilfrid Laurier University’s first university librarian, the Erich Schultz Collections Endowment was established in the late 1990s to enhance the library’s permanent collection. During this past academic year the endowment fund reached the $100,000 milestone.

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Investment in Education

Minister of Industry Welcomes Significant Lockheed Martin Investment in Research at Dalhousie University

HALIFAX, NOVA SCOTIA - The Honourable Jim Prentice, Minister of Industry, today welcomed the news that Lockheed Martin is investing $2 million in Dalhousie University as part of its industrial benefit obligations to Canada. Through this transaction, the company will establish and fund a multidisciplinary program for research into emerging fields of science and technology.

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Public Input Request

CRTC launches consultation on broadcasting in new media for future hearing

OTTAWA - The Canadian Radio-television and Telecommunications Commission (CRTC) launched a consultation on broadcasting in the new media environment for a public hearing to be held in early 2009. The Commission is asking for public input on the scope of such a proceeding.

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Quarterly Results

ARISE Technologies Reports 2008 First-Quarter Results

- Company continues to make excellent progress in executing its strategic plans to become a global leader in solar technology

- Milestones including completion of new PV cell production plant in Germany; securing silicon wafer supply; signing two major, long-term agreements for PV cell sales; and putting its Silicon Feedstock Mini Pilot Plant into operation

- R&D investment rises to $1.5 million in the quarter as company focuses on advancing its PV cell technology and high-purity silicon manufacturing process

- net loss for the 2008 first quarter was $5.38 million, compared with a net loss $1.32 million in the 2007 first quarter

WATERLOO - ARISE Technologies Corporation, which is dedicated to becoming a leader in high-performance, cost-effective solar technology, reported its financial results for the 2008 first quarter ended March 31, 2008.

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Entrepreneurship

Hi-tech Business Leaders Meet in Toronto to Address How to Improve Canada's Culture of Entrepreneurship

"From Entrepreneur to Titan: Can Canadian Entrepreneurs Grow Technology Start-ups to Domestic Multinationals?"

TORONTO - On May 21st in Toronto, the Research Money Conference brings together leading tech entrepreneurs and executives from Canada and the U.S. to share their experiences and perceptions on Canada's entrepreneurial culture, and explore ways to improve Canada's performance in knowledge-based commerce.

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Disaster Relief

Air China Allocated Large Aircrafts for Disaster Relief

9 Flights Carrying Relief Troops to Sichuan

BEIJING - Air China adjusted capacity timely according to the relief situation and allocated wide-body aircrafts as its best to evacuate stranded passengers in Sichuan province. On May 15, 28 flights departed from Chengdu and other 9 other flights were especially arranged for disaster relief.

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Global Communication

Global Newswires Help Communicate Aid Efforts in Wake of Asia's Natural Disasters

CSRwire, PR Newswire, Marketwire Offer Free News Release Distribution

SPRINGFIELD, MA - When a natural disaster strikes, it's hard to know the best way for your business to contribute if you are a newswire service.

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Fraud and Fine

GST Fraud Results in Heavy Fine for Richmond Hill Company

NEWMARKET - The Brant Group Ltd., of Richmond Hill, was found guilty on two counts of GST fraud in Ontario Court of Justice in Newmarket on May 13, 2008. The company was fined $150,000.

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Better Deal on Deals

OMEGA ATS, Its Connect for Faster Trading, Greater Liquidity

TORONTO - OMEGA ATS and Integrated Transaction Systems Limited ("ITS") announced the completion of connectivity. As a result, customers of ITS' Smart Order Routers can now benefit from the fast, anonymous and low-cost transactions available through OMEGA ATS, while also creating a greater liquidity pool for all OMEGA ATS users.

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Transportation Infrastructure Needed

World Bank eyes slower 2008 Latin American growth

"The World Bank is forecasting slower economic growth for Latin America in 2008 due to higher food and fuel costs, but stressed the region is ready to weather a global slowdown, a senior official said on Wednesday.

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Great Lakes - Air Quality

Michigan Sugar settles Clean Air Act permit violations

Chicago, Ill. - Michigan Sugar, a grower-owned sugar cooperative located in Bay City, Mich., will use pollution reduction measures valued at more than $13 million at its processing facility to resolve alleged violations of the Clean Air Act, the Environmental Protection Agency and the Justice Department announced May 15, 2008.

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Quest for the Cup

LEONA DOMBROWSKY MPP BELLEVILLE DONS RANGERS JERSEY

WATERLOO REGION – Leona Dombrowsky, MPP Prince Edward-Hastings, will grudgingly wear a Kitchener Rangers jersey after Question Period today in Legislature after the Rangers took the OHL championship.

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Appointment

Genuity Capital Markets is proud to announce the addition of Deepak Chopra to its research team

TORONTO - Genuity Capital Markets is proud to announce the addition of Deepak Chopra to its research team. His appointment as Technology analyst demonstrates Genuity's commitment to the Technology sector.

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Recognizing Excellence

Prime Minister's Awards Celebrate Educators 'Helping to Shape the Leaders of Tomorrow'

Kenneth Bruce, Guelph CollegiateVocational Institute recognized for "Innovative teaching for everyone, from those with exceptional gifts to those facing exceptional challenges"

OTTAWA - Prime Minister Stephen Harper announced the recipients of the 2007/2008 Prime Minister's Awards for Teaching Excellence and Excellence in Early Childhood Education.