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Nexterra nabs GLOBE 2008 innovation award for biomass technology

Biomass gasification company Nexterra Energy Corp. has scooped a top award for technology innovation and application.

Third-quarter revenue up, but earnings down for Richmond helicopter company

Revenue for CHC Helicopter Corp. (TSX:FLY) rose to $321.9 million for the Richmond company's third quarter, which ended January 31, compared with $300.8 million for the same period last year.

Sales rise 22% for Burnaby-based telecommunications retailer

Strong retail sales of mobile phones products and services boosted profits at Burnaby's Glentel Inc. (TSX:GLN). A 22% increase in total sales helped increase Glentel's annual profits 67% to $10.6 million from $6.3 million in 2006.

Rogers Wireless expands cellphone network to Prince Rupert

International mobile phone users will now be able to use their phones in Prince Rupert following the completion of a $10 million expansion of Rogers Wireless' network.

Transportation Safety Board's Queen of the North report recommends use of data recorders on ferries

The installation of voyage data recorders on all large passenger vessels is one of the key Transportation Safety Board recommendations made in its report on the sinking of BC Ferries' Queen of the North.

MDA shareholders approve $1.3 billion sale of space assets

Macdonald, Dettwiler and Associates Ltd. (TSX:MDA) shareholders have voted 99.9% in favour of selling the Richmond-based company's information systems and geospatial services business. The $1.

Profits rise for Vancouver decaffeinated coffee maker

Vancouver's Swiss Water Decaffeinated Coffee Income Fund (TSX:SWS.UN) reported a 12% increase in annual profits for the year ending December 31, 2007. Annual profit rose to $5.2 million compared with $4.6 million in 2006.

Lions Gate to make its 12,000-title film collection available on iTunes

Vancouver's Lions Gate Entertainment (NYSE:LGF) will be distributing its film collection through Apple's iTunes Internet site.

Housing starts in Vancouver spike in February

The number of new housing starts in B.C. almost doubled in February compared with the same month last year, according to preliminary figures from the Canadian Mortgage and Housing Corp. (CMHC). They jumped to 2,446 units from 1,248 in February 2006.

Teck Cominco to buy back almost 10% of the company's public shares

Vancouver's Teck Cominco Ltd. (TSX:TCK.B) plans to spend between $1.2 billion and $2.2 billion to reduce its number of public shares outstanding.