Take stock – April 13

Open for business

Open for business

GET FRESH CLOTHING

Unit A, 4950 51st St.

Red Deer

403-986-3777

• Owner: Elia Dominic

• Type of business: Men’s, women’s and children’s clothing store, with an emphasis on hip hop fashion.

• Opening date: April 8

FLYING J

6607 67th St.

Red Deer

403-346-2785

• Manager: Caroline LeBlanc

• Type of business: Service station and convenience store, with showers, truckers’ lounge, RV sanitary dump and propane fueling area

• Opening date: March 3

Sable gas flowing agian

HALIFAX — Production has resumed at the Sable offshore natural gas project off Nova Scotia.

The flow of gas was halted early Tuesday following an equipment failure on the compression platform.

ExxonMobil has since completed repairs and been given approval by the Canada-Nova Scotia Offshore Petroleum Board to resume production.

The equipment failure cut off about 400 million cubic feet per day of gas production.

Oil, stocks, retail, all rise

NEW YORK — Oil prices rose sharply Thursday despite more hints that energy use is way down, with traders focusing instead on a rising stock market and surprising news from retailers that suggests Americans are spending money.

If registers at the mall are ringing, that likely means people are driving.

Benchmark crude for May delivery rose nearly six per cent, or US$2.86 to settle at $52.24 a barrel on the New York Mercantile Exchange. Trading was very light on a shortened trading week. Nymex was closed for Good Friday.

In London, Brent prices jumped $2.47 to settle at $54.06 a barrel on the ICE Futures exchange.

“A lot of little things are giving investors hope that maybe the economy has seen the worst,” said Andrew Lebow, senior vice president and broker at MF Global.

On Thursday, Wal-Mart Stores Inc. said sales at stores open at least a year, excluding fuel, rose 1.4 per cent, short of the 3.2 per cent rise analysts were predicting. However, the world’s largest retailer said a later Easter was to blame and that April sales are likely to be boosted by the holiday.

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