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BLOOMBERG NEWS

Shear Wind Inc. closes private placement

HALIFAX - Shear Wind Inc. (TSX.V:SWX) closed a private placement with Genera Avante Holdings Canada Inc., a subsidiary of Inveravante Inversiones Universales, S.L., for more than 96 million common shares at just under 28 cents. "The significant presence of Inveravante bolsters the future of Shear Wind's projects in the growing renewable energy markets in Nova Scotia and across Canada," said Shear Wind CEO Mike Magnus.

Fishery

P.E.I. lobster landings reach record high in 2009

CHARLOTTETOWN - Prince Edward Island lobster landings reached a record high in 2009 at 22.9 million pounds, up by 4.7 per cent over 2008, the province's Department of Fisheries, Aquaculture and Rural Development reported Thursday. The previous high was 22.7 million pounds in 1991. While landings were high, prices remained low: The landed value is estimated at $75 million, a drop of 25 per cent from last year's value of more than $100 million.

Results

Fortis Inc. reports third-quarter earnings

ST. JOHN'S - Fortis Inc., recorded third-quarter net earnings applicable to common shares of $36 million, or $0.21 per common share, compared to earnings of $49 million, or $0.31 per common share, for the third quarter of 2008. Earnings at the St. John's-based company were $1 million lower, quarter over quarter, excluding one-time tax reductions of $12 million at Terasen and FortisAlberta in the third quarter last year.