Source Pravda.Ru

Duke To Close Down Canadian Energy Trading Unit

Duke Energy, the second biggest US utility owner, will close its Engage Energy unit after failing to find a buyer for the Canadian energy trader.

Duke has not decided how many of the Calgary-based Engage's one hundred and sixty employees will be fired, spokeswoman Becky Nash said. Some workers will be offered jobs in the company's other energy trading subsidiaries, she said.

The Charlotte based Duke also has another hundred and sixty employees in its own Canadian trading business, Nash said. Engage employees will be offered new jobs or severance packages by July 1stshe said.

Engage was started by Canadian pipeline owner Westcoast Energy and Coastal Corp. of the US. Westcoast took over the venture after Coastal was acquired by rival El Paso Corp. last year. Westcoast was bought by Duke in March.

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Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

In recent years, genetics has become a cutting-edge science, not only in the professional field of biology, but also because of the enormous social reach of its discoveries and approaches. Not in vain, practically every day the press offers us the discovery of a new gene, a new hereditary determinant directly involved in the manifestation of diseases or physical characteristics.

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