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(Courtesy of Market Watch)

The 200 compressed natural gas (CNG) buses acquired in 2003 by the Los Angeles Metropolitan Transportation Authority (LA Metro) have worked out so well that LA Metro is hiring 96 more. The Cummins Westport vehicles, which run 20 feet longer than traditional city buses and bring 30-percent more power to the table (while claiming bragging rights to low emissions) use a 6-cylinder, 8.9L CWI L Gas Plus CNG mill with 320 hp. Perfect for the city, the buses help LA Metro cash in with lower operating costs, better performance and reduced emissions. http://www.autoblog.com/2006/03/30/la-metro-picks-up-more-natural-gas-buses/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+weblogsinc/autoblog+(Autoblog)

Wireless win will mean new growth for Quebecor: Peladeau VIRGINIA GALT Globe and Mail Update August 5, 2008 at 9:21 AM EDT Montreal-based media company Quebecor Inc. is “poised to embark on a new round of growth” as a result of its successful bid for a new wireless spectrum licences covering all of Quebec and part of the Toronto area, the company said Tuesday. “This is a key strategic development for Quebecor media, since consumer demand for advanced wireless services is expected to increase substantially in the coming years,” said chief executive officer Pierre Karl Paul Peladeau, in releasing the company's second quarter financial results. The company, which has gone through a major restructuring, reported consolidated net profit of $57.3-million, or 88 cents a share, compared with $43.2-million, or 77 cents a share, in the corresponding period a year earlier. The year-ago result was dragged down by a $6.7-million loss at the company's former printing subsidiary, Quebecor World Inc., which sought court protection from creditors earlier this year. “Once again, Quebecor's very positive results were spearheaded by robust numbers in the cable segment, which continued to log strong customer growth for all its services,” Mr. Peladeau said. Quebecor Inc. “At the conclusion of the spectrum auction for advanced wireless services, Quebecor Media held standing high bids on 17 operating licences, covering all of Quebec and part of the Toronto area.” Quebecor bid $554.6-million for the operating licences in the auction that closed late last month – an investment that pave the way for future growth by allowing the company to offer its customers “a still more complete and competitive array of cable and telecommunications services,” Mr. Peladeau said. The company reported that consolidated revenue from continuing operations increased to $942.3-million, up 15.6 per cent from the corresponding period a year ago. Revenue in the cable segment was up 20.3 per cent to $75.6-million, “reflecting continued customer growth for all services,” the company said. Newspaper revenue was up 27.2 per cent to $65.7-million, due primarily to the acquisition of Osprey Media Income Fund in August, 2007, and broadcasting revenue was up 4.2 per cent to $4.5-million.

Bachand attacks Feds over funding cut Don Macdonald, The Gazette Published: Wednesday, June 04 Quebec's economic development minister is on the warpath over federal funding cuts to about 60 non-profit organizations involved in economic development across the province. Raymond Bachand said he's been unable to persuade federal minister Jean-Pierre Blackburn to reconsider the cuts so now he's taking the battle public. Bachand said the policy will damage the province's economy and called for the intervention of Prime Minister Stephen Harper. "This is going to be a political fight," he said in an interview. "It's a bad policy of that minister. And, at the end of the day, it's a bad policy of the government if the prime minister does not intervene to change that policy, or change the minister." The federal agency is eliminating operating grants over three years to non-profit organizations across a wide swath of sectors including such groups as Montréal International, the Quebec Film and Television Council, Aéro Montreal, Institut National d'Optique and Fur Council of Canada, according to a list provided by Bachand's office. Bachand said the organizations play an important role in developing the economy. They bring companies, government and research centres around the same table and work together on common initiatives such as marketing campaigns and making international contacts, he said. The mininster calculated the cuts will total between $20 million and $30 million by the third year. "It doesn't make sense," Bachand said. "You need people do that job. It's part of the infrastructure...How do you make progress without having the specific players of an industry around the table and developing business plans?" A Blackburn aide said the economic development agency is eliminating its funding for operating budgets to redirect the money to assisting small and medium-sized businesses "that are in a position to actually create jobs." Pierre Miquelon, a senior adviser to Blackburn, said about 70 per cent of the agency's budget has been going to the non-profits and it's time for the companies in the different sectors to pony up more money to support the groups if they believe it's deserved. "Maybe it's time that the community pays for the operations of the non-profit in question," Miquelon said. "If the community will not provide the cash for operating costs why should the Canadian taxpayer do so?" He added the agency will continue to subsidize organizations for individual projects with "a beginning, a middle and an end." But Bachand suggested there's a political motive behind the cuts. "Politicians like to give money and have their picture in newspapers," he said. "And if you give money to Montréal International and these groups...you don't get your photo in the newspaper." Hans Fraiken, head of the Quebec Film and Television Council, said his organization, which promotes Quebec as a shooting location, has lost $400,000 in federal funding plus another $200,000 in municipal money that was contingent on it. Those cuts, on a $1.5 million budget, may force the closure of the two-year-old organization that Fraiken said brought $260 million in foreign capital to the province last year and generated $12 million to $14 million in federal revenue. Alan Herscovici, executive vice president of the Fur Council of Canada, said Blackburn's agency cut $50,000 in funding to promote the annual North American Fur and Fashion Exposition in Montreal to foreign buyers. Bachand's department ended up replacing the federal funding but Herscovici questioned the wisdom of the cuts for what is the largest fashion trade show in Canada. "We know that manufacturers are under siege with the rise of the Canadian dollar and the weakening U.S. economy," said Hersovici, who noted the Fur Council receives federal funding for other initiatives. "In supporting the show they support all the manufacturers. They don't have to pick winners and losers." "It's a small investment to help a lot of people." dmacdonald@thegazette.canwest.com http://www.canada.com/montrealgazette/news/business/story.html?id=473e52e9-b789-4f48-9cee-b296c5b86cfe

MONTREAL, May 7 /CNW Telbec/ - The media are invited to attend the inauguration of the new Canadian head office of Voith Siemens Hydro Power Generation. The inauguration will be held under the patronage of the Consul General of the Federal Republic of Germany in Montreal Mr. Jvrg Metger, and in the presence of the President and Chief Operating Officer of Voith Siemens Hydro Power Generation Canada Mr. Denys Turcotte and the members of the Management Board of the Voith Siemens Hydro Power Group, Dr. Hubert Lienhard, Dr. Siegbert Etter, Mr. Egon Krdtschmer, and Mr. Jurgen Sehnbruch. << Date: Wednesday, May 9, 2007 Time: 6 to 8 pm Speeches begin at 6:30 pm Location: Voith Siemens Hydro Power Generation 9955 avenue de Catania, suite 160 Brossard, Québec Media who wish to attend must confirm by telephone at 514 844-7338 or 514 943-6557. >>