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Huge kite helps container ship across Atlantic

Inventor expects major drop in fuel costs and warming emissions

EPA
The ’Beluga SkySails’ leaves Tuesday on its maiden voyage from Bremerhaven, Germany, to Venezuela.

BERLIN – Oil at more than $90 a barrel is concentrating minds in the shipping industry. Higher fuel costs and mounting pressure to curb emissions are leading modern merchant fleets to rediscover the ancient power [...]

HSBC Heads for Biggest 2-Day Drop Since 2001 on Citigroup Loss

Jan. 16 — HSBC Holdings Plc, Europe’s biggest bank by market value, headed for the biggest two-day decline in six years amid investor concern it may have to increase U.S. bad loan provisions following a record loss from Citigroup Inc.
The Hong Kong-traded shares of HSBC fell 3.2 percent to HK$117 at 11:34 a.m. local time. [...]

Pengrowth Energy Trust declares distribution

Dec 19, 2007 (M2 EQUITYBITES via COMTEX) — PGH – Pengrowth Corporation, administrator of Pengrowth Energy Trust (Toronto:PGF-UN.TO) (NYSE:PGH), which operates an oil and gas royalty trust, reported on 18 December a cash distribution of CAD0.225 per trust unit, relating to the production month of November 2007. The company said the ex-distribution date is 27 December [...]

My Favorite Stock Up 2% Pengrowth Energy Trust (PGH) TODAY!

This awesome stock SHOT UP 2% today alone!  If you havn’t check out Pengrowth Energy Trust (PGH) I would get on it before this baby caps off.  With a 15% dividend wht more can you ask for!

After Hours: 17.89 0.01 (0.06%) as of 4:18PM ET on 12/21/07

Last Trade:
17.88

Trade Time:
4:04PM ET

Change:
0.34 (1.94%)

Prev Close:
17.54

Open:
17.52

Bid:
N/A

Ask:
N/A

1y Target [...]

PrimeWest Energy Trust Announces Target Closing Date for TAQA Transaction

PrimeWest Energy Trust (”PrimeWest”) (TSX: PWI.UN)(TSX: PWX)(TSX: PWI.DB.A)(TSX: PWI.DB.B)(TSX: PWI.DB.C)(NYSE: PWI) confirms that PrimeWest, 1350849 Alberta Ltd. (”Purchaser”) and TAQA North Ltd. (both wholly owned subsidiaries of Abu Dhabi National Energy Company PJSC (”TAQA”)) have agreed that January 16, 2008 will be the target date for completion of the previously announced transaction. PrimeWest will issue [...]

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