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GE to invest $112 million in Plutonic Power's hydroelectric project

GE Energy Financial Services, a unit of General Electric, is investing up to $112 million in one of Plutonic Power Corp.'s (TSX-V:PCC) run-of-river hydroelectric projects in B.C. It's GE's first equity investment in green energy in Canada.

TeraSpan Networks sells assets to Shaw for $2.5 million

TeraSpan Networks Inc., a subsidiary of Ignition Point Technologies Corp. (TSX:IPN), is selling dark fibre network assets to Shaw Cablesystems for $2.5 million.

Vancouver venture capital firm to buy Gemini Energy in $98.4 million deal

NRG Investments Inc. plans to acquire struggling Vancouver oil and gas exploration firm Gemini Energy for $98.4 million.

NovaGold partners with Teck Cominco to develop Galore Creek Mine

NovaGold Resources Inc. (TSX:NG) will partner with mining giant Teck Cominco Ltd. (TSX:TCK) to develop one of the world's largest untapped copper and gold mining sites.

HSBC study finds seniors continue to contribute to economy in their retirement

Seventy is the new 50, according to the third annual HSBC future of retirement survey.

Tio Networks extends bill payment services alliance with ExxonMobil

Burnaby-based Tio Networks Corp. (TSX-V:TNC), a provider of non-bank financial services, has extended its alliance with ExxonMobil out to 2012 from 2004.

Glacier Ventures subsidiary seeking to raise $8 million through private placement

Glacier Ventures International Corp. (TSX:GVC) subsidiary GVIC Communications Corp. has signed Raymond James Ltd. and Canaccord Adams to co-lead a $8 million private placement.

Discovery Capital Corp. to liquidate its assets

The venture capital firm that helped launch B.C. tech companies like Sierra Wireless and TIR Systems is dissolving and liquidating all its assets. Discovery Capital Corp.

Big deals boost Canaccord Capital's annual revenue

Canaccord Capital Inc. (TSX,AIM:CCI) has reported a 30% increase in revenue for the year and a 15% increase in net profits for its fiscal year ending March 31, 2007. Revenue rose to $756.9 million compared with $583.4 million in fiscal 2006.

Fortis completes acquisition of Terasen Inc.

Newfoundland-based utilities provider Fortis Inc. (TSX:FTS) has completed its acquisition of Terasen Inc. from Kinder Morgan Inc. for $3.7 billion.