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INDEX:Advisories
[July 14, 2009]

INDEX:Advisories


(Canadian Press DataFile Via Acquire Media NewsEdge) BUSINESS EDITORS:@ Here are Canadian Press Business budget lines as of 3 p.m. ET. Plans may change as circumstances warrant.

Queries should be addressed to business editor John Valorzi at 416-507-2146 or David Paddon on the business desk at 416-507-2138 or Brenda Bouw at 604-692-1171. To contact CP Business by email, send messages to business(at)thecanadianpress.com.



___ In addition to the following, a story slugged BC-Inflation-Economy will move General (G) and Business (B). Please guard against duplication.

MONTREAL _ Bombardier Inc. (TSX:BBD.B) has been awarded its largest automated people mover North American contract in a decade with a US$255 million deal for the Phoenix Sky Harbor International Airport. 550 words. By Ross Marowits. BC-Bombardier, 2nd Writethru. 1st Writethru moved.


___@ MONTREAL _ Convenience store operator Alimentation Couche-Tard (TSX:ATD.B) said the impact from the recession is improving in the United States as its fourth-quarter profits more than doubled even though lower fuel prices caused revenues to dramatically fall. 600 words. By Ross Marowits. BC-Couche-Tard, 2nd Writethru ___@ TORONTO@ _ Nortel Networks could face further job cuts if a bidding war breaks out for its assets, says an executive at Nokia Siemens, which is leading bids for the fallen technology giant's wireless business. Sue Spradley, North American head for Nokia Siemens Networks, says she anticipates that more interested bidders will materialize in the coming days, before the July 21 deadline for submissions. 600 words. By David Friend. BC-Nokia-Siemens-Nortel, 1st Writethru. Unbudgeted story moved.

___ TORONTO _ Kinbauri Gold Corp. (TSXV:KNB), a junior miner, says it has struck a deal with ATW Gold Corp. (TSXV:ATW) of Vancouver to combine the two companies in a share swap that values Kinbauri at about $43 million. The transaction, announced Tuesday, tops a rival bid from Orvana Minerals Corp. (TSX:ORV), which extended the deadline for Kinbauri shareholders to accept its $33-million takeover offer by July 24. 600 words. By David Paddon. BC-ATW-Gold-Kinbauri, Bgt. Moved. Will be Updated after 1 p.m. ET conference call.

___@ CALGARY _ Many of Canada's big energy names will be reporting improved second-quarter earnings in the coming weeks compared to the first three months of the year, thanks to stronger oil prices. But the results will look disappointing when compared to 2008's heady summer quarter, a portfolio manager says. 600 words. By Lauren Krugel. Oil-Outlook.

___@ NEW YORK _ Goldman Sachs Group Inc. said Tuesday its second-quarter profit easily surpassed expectations as profit was buoyed by strength in its trading and underwriting businesses. Long considered one of the strongest banks in the financial sector, analysts widely expected Goldman's profit to continue its rebound. Goldman posted a quarterly loss during the final quarter of 2008 amid the mushrooming credit crisis before returning to profitability in the first three months of 2009. 750 words. By Stephen Bernard. BC-US-Earns-Goldman-Sachs, 2nd Writethru Bgt. Moved.

___@ WASHINGTON _ U.S. wholesale prices took a bigger-than-expected leap in June, rising the most since November 2007, led by more-expensive energy products. 650 words. BC-US-Economy, 1st Writethru. Moved ___@ SEATTLE _ Dell Inc. (Nasdaq:DELL) said Tuesday that the U.S. personal computer market has reached its low point but that the timing of a global turnaround in the technology industry remains anyone's guess. Investors sent shares plummeting about seven per cent to US$12.11 at midday on the Nasdaq stock market, a decline of 91 cents from the previous close. By Jessica Mintz. BC-Dell-Outlook, Bgt. Moved. Will be Updated.

___@ LONDON _ British Airways's proposed 3,700 job cuts are essential to the company's survival as it faces the "eye of the storm" ravaging the airline industry, CEO Willie Walsh said Tuesday. Walsh told shareholders at British Airways PLC's annual general meeting that costs must be reduced to keep the company viable. The proposed job cuts, to be made by next March, would come on top of the 2,500 positions that have already been axed since last summer. 600 words. By Jane Wardell. BC-British-Airways. Moved.

___@ SIOUX FALLS, South Dakota@ _ Oil prices dropped under US$60 a barrel Tuesday, as the stock market pulled back from early enthusiasm about better-than-expected earnings for Goldman Sachs. Benchmark crude for August delivery fell 41 cents to $59.28 a barrel in afternoon trading on the New York Mercantile Exchange. 445 words. By Dirk Lammers. BC-Oil-Prices, 2nd Writethru. Will be Updated ___ SAN FRANCISCO _ Intel's second-quarter numbers, scheduled to be released after the market closes, will help illuminate how the personal computer industry is holding up in the recession. There have been mixed signals about its health. By Jordan Robertson. BC-Earns-Intel.

--_ BISMARCK, N.D.@ _ Dozens of fruitful wells beneath the rich Bakken shale in North Dakota continue to fuel a hunch among oilmen and geologists that another vast crude-bearing formation may be buried in the state's vast oil patch. Lynn Helms, director of the state Department of Mineral Resources, said recent production results from 103 newly tapped wells in the Three Forks-Sanish formation show many that are "as good or better" than some in the Bakken, which lies two miles under the surface in western North Dakota and holds billions of barrels of oil. 1018 words. By James MacPherson. BC-US--Below-the-Bakken. Moved Datafile only.

___ Canadian Press is also following:@ TORONTO _ The Toronto stock market was little changed Tuesday as caution returned following a solid advance Monday. The main S&P/TSX index was ahead 36 points to 9,928 late in the morning. By Malcolm Morrison. BC-Dollar-Markets, 3rd Writethru. Moved. Will be Updated.

___@ HALIFAX _ Sports apparel wholesaler SportsClick Inc. (TSXV:SCV) says its lender, the Bank of Montreal (TSX:BMO), is demanding repayment of a $872,000 credit facility. BC-SportsClick. Moved.

___@ MONTREAL _ Air Canada's biggest union may be the key to the airline's efforts to restructure and avoid bankruptcy protection for the second time in six years. Members of the International Association of Machinists and Aerospace Workers are voting today for a second time on a contract that would freeze their wages and pensions _ one they've already rejected. BC-Air-Canada-Machinists. Moved. Will be Updated ___@ MONTREAL _ Bombardier Inc. (TSX:BBD.B) has been awarded contracts to supply, operate and maintain an automated people mover for the Phoenix Sky Harbor International Airport, the company's transportation division announced Tuesday Total value of the contracts is about US$255 million, the Montreal-based company announced from Berlin, where its rail division has its global headquarters. BC-Bmbardier. Moved.

___@ MONTREAL _ Life sciences company Adaltis Inc. (TSX:ADS), which is restructuring its finances under court supervision, announced Tuesday the resignation of three of its directors: Peter Kruyt, Pierre Larochelle and Victor Yang. BC-Adaltis. Moved.

___@ OTTAWA _ Investment in non-residential building construction totalled $10.6 billion in the second quarter, a 2.8 per cent drop from the first quarter and the second straight quarterly decrease. BC-StatsCan-Construction. Moved.

___@ OTTAWA _ Increased truck sales led to a one per cent rise in the number of new motor vehicles sold in May, to 121,348. Statistics Canada notes new-vehicle sales have been on the rise after falling sharply in the latter part of 2008. BC-StatsCan-Vehicle-Sales. Moved (B) Business and (G) General.

___@ OTTAWA _ The Canadian Real Estate Association says the resale housing market bounced back in the second quarter, with sales in June up 17.9 per cent from a year ago. BC-CREA-Housing. Moved.

___@ TORONTO _ Finance Minister Jim Flaherty announces launch of Registered Disability Savings Plan advertising campaign. Media availability to follow. By Brian McKenna. BC-Flaherty-Economy ___@ TORONTO@ _ JumpTV Inc. (TSX:JTV), a provider of sports programs over the Internet, says it has changed its name to NeuLion Inc. The company's common shares will begin trading on the TSX under the new name and symbol (TSX:NLN) on Thursday. 100 words. BC-JumpTV-Name-Change.

___ TORONTO _ Canadian Auto Workers at a heavy-equipment Toromont CAT (TSX:TIH) plant in Concord, Ont., vote 89 per cent in favour of a new three-year agreement. BC-CAW-Toromont.

___@ TORONTO _ Automodular Corp. (TSX:AM) has a renewed two-year agreement for its Oakville-area workers represented by the Canadian Auto Workers union, the automotive services supplier announced Tuesday. No details were released by the company but it said the contract provides improvements in wages and benefits. BC-Automodular. Moved.

___@ TORONTO _ JLL Partners extends hostile offer for drugmaker Patheon, says it holds 39 per cent of restricted voting shares plus enough convertible preferred shares to control 57 per cent of Patheon if exercised. BC-JLL-Partners-Patheon, 2nd Writethru. Moved.

___@ TORONTO _ Aquiline Resources Inc. (TSX:AQI) says it will acquire the Pico Machay gold project in Peru from Monterrico Metals PLC for US$7.8 million, the exploration and development company announced Tuesday. BC-Aquiline-Monterrico. Moved.

___@ TORONTO _ Tenth Power Technologies Corp. (TSXV:TPI) says it has struck a deal to acquire all the shares of Burlington-based private security services company WhiteHat Inc. for an undisclosed amount of cash and shares. BC-Tenth-Power.

___@ MISSISSAUGA, Ont. _ Global logistics company Synergex Corp. (TSX:SYX) said Tuesday it has reached a deal to acquire BrainWorks Entertainment, a digital distributor of music and video content. BC-Synergex-Brainworks. Moved.

___@ WATERLOO, Ont. _ Research in Motion Ltd.l (TSX:RIM) holds its annual meeting Tuesday evening. BC-Research-in-Motion. Copy expected by 8 p.m. ET ___@ SASKATOON _ International Road Dynamics Inc. (TSX:IRD), which manufactures way-in-motion systems and other technology for the transportation industry, said Tuesday it turned a profit during the second quarter as a result of increased sales. BC-International-Road-Dynamics. Moved ___@ RED DEER, Alta. _ Agri-Trend Data Corp. of Red Deer and U.S.-based The J.R. Simplot Co. say they have created a joint-venture company to sell proprietary agri-data software to agricultural producers and processors in the United States. Financial terms of the deal, announced Tuesday, were not revealed. BC-Agri-Trend. Moved.

___@ CALGARY _ Advantage Energy Income Fund (TSX:AVN.UN) said Tuesday it is delisting from the Toronto Stock Exchange and commencing trade as a new corporation. The new entity, Advantage Oil and Gas Ltd., will trade on the S&P/TSX Composite Index and the New York Stock Exchange using the symbol AAV. BC-Advantage-Energy. Moved.

___@ VANCOUVER _ Hana Mining Ltd. (TSXV:HMG), a junior Vancouver miner which operates internationally, says it has agreed to buy an indirect 70 per cent interest in the five prospecting licences that make up the Ghanzi copper-silver project in Botswana, a country in southern Africa. BC-Hana-Mining.

___@ VANCOUVER _ Evolving Gold Corp. (TSXV:EVG), a Vancouver-based junior miner, saw its shares soar 47 per cent after the company reported promising drilling results at its Rattlesnake Hills gold deposit in Wyoming. After an early trading halt Wednesday, the company's stock jumped 21 cents to 66 cents, a gain of 46.7 per cent in heavy trading of more than 2.2 million shares on the TSX Venture Exchange. BC-Evolving-Gold. Moved. Will be Updated.

___@ VANCOUVER _ South American Silver Corp. (TSX:SAC), a Vancouver-based metals producer, says it has begun talks on developing a strategic alliance for the Malku Khota silver-indium project in Bolivia with interested parties in China, Japan and South Korea. BC-South-American-Silver. Moved ___@ PARK RIDGE, N.J.@ _ Hertz Global Holdings Inc. (NYSE:HTZ) says its Canadian subsidiary has acquired Irving Industrial Rentals, the Irving family-owned equipment rental company based in New Brunswick. The pricetag of the deal, announced Tuesday, was not revealed. 294 words. BC-Hertz-Irvings.

___ PINGHU, China _ Atomic Energy of Canada Ltd. has signed an agreement with Chinese companies to assess the use of thorium fuel in Candu reactors. They will jointly develop and demonstrate the use of the fuel and study its commercial and technical feasibility for the Canadian-made reactors. BC-AECL-China. Moved ___@ THE CANADIAN PRESS (c) 2009 The Canadian Press

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