Lend Lease threatens to quit Lowry project

Lend Lease Communities LLC of Denver said Friday that it may quit as developer of the proposed Lowry Range mixed-use real estate development east of Aurora by the end of this year, if it can’t find a sustainable water source for the project at a “reasonable cost,” Lend Lease said on Friday.
The developer submitted a […]

Malaysia to Review Investment Rules to Bolster Growth

Malaysia's government plans to make it easier for foreigners to invest in the country and buy property as it predicts the global financial crisis will lead to slower-than-expected economic growth next year.
“We have to make Malaysia more competitive,'' Finance Minister Najib Razak said in Kuala Lumpur today. “We have to take steps to […]

NY AG launches rumor probe

New York Attorney General Andrew Cuomo announced Thursday he is looking into whether traders spread false information in an effort to drive down certain stock prices amid the recent turmoil on Wall Street.
The state attorney general said his probe will focus on whether traders spread rumors about firms such as Lehman Brothers, AIG, Goldman […]

Dresser-Rand to work on liquefication plant

Dresser-Rand Group Inc. has been awarded an equipment contract from Kanfa Aragon valued at about $55 million.
Dresser-Rand (NYSE: DRC), a Houston oilfield equipment provider, will supply compression equipment for the world’s first floating liquefication plant.
The plant, Flex LNG Ltd internet payday loans. LNGP1, will go into operation Nigeria. When completed, it will have a liquefaction […]

Juncker Backed by France to Remain Eurogroup Head

Luxembourg's Jean-Claude Juncker will be nominated by France to represent finance ministers from the 15- nation euro area for a third term, a French official said.
Juncker, 53, who doubles as his nation's premier and finance minister, will be proposed by French Finance Minister Christine Lagarde when European policy makers convene on Sept. 12 […]

Visitors bureau offers carbon calculator

The Denver Metro Convention & Visitors Bureau said Tuesday it will tweak its website to offer a carbon calculator and offset program.
The website, at denver.org, will allow visitors to determine how large a carbon footprint they would create by visiting Denver. The feature comes as the city is preparing to host the Democratic National Convention, […]

World Heart closes $30M in financing

World Heart Corp. said Friday it has completed a $30 million private placement and recapitalization agreement that could help the company advance late-stage testing of its Novacor LVAS heart pump this year.
The Oakland company, which makes heart pumps, said it has issued 300 million shares of common stock for an aggregate purchase price […]

Legislators wrangle as budget deadline nears

The clock is ticking, and the Legislature is moving forward with plans in hopes of resolving the state's $2 billion budget deficit before the fiscal year ends June 30.
The Arizona Senate and House of Representatives are finalizing separate budget plans that will need to be melded before going to Gov. Janet Napolitano. […]

Australian Companies Remain Pessimistic on Rates

Australian business confidence slumped in April to the lowest level since the September 2001 terrorist attacks in the U.S., adding to signs the nation's economy is slowing.
The business confidence index fell 4 points to minus 8 from March, according to a National Australia Bank Ltd. survey of about 500 companies released in Melbourne […]

Oil and gas firms surprised by state

All three oil and gas companies accused by the Colorado Attorney General's office of endangering a trout hatchery in a Western Colorado creek with a pipeline construction project say they were blindsided by the allegations and the state's demand for an immedate restraining order and injunction to halt the project.
But a state […]