Inflation spike won’t last, Bernanke says

A recent increase in U.S. inflation is driven primarily by rising commodity prices globally, and is unlikely to persist, Federal Reserve Chairman Ben Bernanke said on Monday. The comments stood in sharp contrast to a string of U.S. central bank officials, some of whom have argued the time is coming for the Fed to begin tightening monetary policy. Earlier... 

Jobs, the lagging indicator once more?

The U.S. labor market is finally improving, just when many of the other economic indicators are wavering. Jobs are considered a lagging indicator. They typically recover many months after the economy comes out of a recession, and this cycle was no exception. So will troubles in Japan, Libya and elsewhere push up U.S. unemployment later this year? “The... 

As oil muddies outlook, Fed policy less certain

Surging oil prices are deepening a split inside the Federal Reserve, blurring the likely direction of U.S. monetary policy and making next week’s policy meeting all the more contentious. The sharp rise in energy costs, precipitated by a wave of pro-democracy uprisings across the Arab world, could affect the economy in different ways, by retarding... 

Frost and Sullivan: South Korean Industrial APCE Market to Earn $221 Million by 2016

As most industries, such as power plants and steel mills, in South Korea have already installed air pollution control equipment (APCE), the growth of the market is expected to be limited between 2 and 3 percent for the next five years until 2016. New analysis from Frost & Sullivan (http://www.environmental.frost.com), Industrial Air Pollution Controls... 

Golden Predator Commences 2011 Yukon Drill Program

Golden Predator Corp. is pleased to announce that drilling commenced at its Brewery Creek Project on February 18th initiating the aggressive 2011 Yukon exploration program. The Brewery Creek winter drill program, with a minimum of 2,500 m of oriented core, is intended to expand upon the 2010 discovery at the Bohemian zone where the Company encountered... 

Infinity Secures Additional Financing and Enters Into Forbearance Agreement With Amegy Bank, N.A.

Infinity Energy Resources, Inc. an independent oil and gas exploration and development company, today announced that it has secured $1,050,000 in additional financing and entered into a Forbearance Agreement (the “Agreement”) dated February 16, 2011 with Amegy Bank, N.A. (“Amegy”) under the Loan Agreement, dated January 9, 2007,... 

Asia Carbon Industries, Inc. Secures DTC Eligibility For Its Common Stock

Asia Carbon Industries, Inc. today announced that the Company’s common stock has been granted eligibility status by the Depository Trust Company (DTC). The Depository Trust Company is a member of the U.S. Federal Reserve System and a registered clearing agency with the Securities and Exchange Commission. It was established to provide a safe and... 

Hybrid Construction Method Raises Private High School Campus Up From Ashes

When the school’s gymnasium burned to the ground, Fryeburg Academy needed a plan for reconstruction that could get done quickly, but not break the bank. The private school in western Maine also had to insist on quality. After all, they need to compete to attract a certain percentage of their students each year. “We had an immediate obligation... 

Hercules Offshore, Inc. Signs Purchase Agreement to Acquire Assets of Seahawk Drilling

Hercules Offshore, Inc. announced today that it has entered into an Asset Purchase Agreement with Seahawk Drilling, Inc. (Nasdaq:HAWK – News) and its affiliates (collectively “Seahawk”) to purchase 20 jackup rigs and related assets from Seahawk for approximately 22.3 million shares of Hercules Offshore common stock and cash consideration... 

Odyssey Petroleum Corp.: Corporate Update

Odyssey Petroleum Corp.has made a final application to the TSX Venture Exchange and is waiting for its acceptance for reinstatement to trading. Upon confirmation from the Exchange that ODE may resume trading, as announced in ODE’s Press Release dated January 21, 2011 the Company intends to continue preparation of required documentation to consolidate...