FOX Translator
No data currently available.
No data currently available.
These gains don't cause pain. A capital gain is the amount of money you pocket by selling one of your investments for more than you paid for it. Technically, capital gains only count for what's called a capital asset, but that's really just anything you own for investment purposes. Stocks and bonds obviously qualify, but your house and household furnishings can also count.
For tax purposes, capital gains are classified as either long-term (held for more than one year) or short-term (held for less than one year) and there are different tax implications for how long you hold onto a capital asset. For most long-term capital gains, you're taxed no more than 15% of the value of the asset. Short-term gains get taxed as regular income, so you pay the rate for the tax bracket you're in.
Capital gains can also be realized or unrealized. When you physically sell an asset like a stock, you've realized the capital gain. When you're holding the stock, and it has a value over its purchase price, but you're not selling it, you've got an unrealized gain, and you won't realize it until you sell.
In a perfect world, we'd all have capital gains. But no one¿s that smart or lucky. When the value of an asset at sale is below what you've paid for it, it's called a capital loss. The good news is that the government lets you count that loss against any gains you've had, lowering the taxes you pay. In fact, many people who sell a stock that has risen far over their purchase price tend to sell some stinkers, too, at the same time for the tax benefit. This is known as a capital-loss offset.
Home / Markets / Industries / Industrials
Monday, June 23, 2008
AZURE DYNAMICS CORPORATION - Azure Dynamics receives hybrid bus order
Comtex
Jun 23, 2008 (PR Newswire Europe via COMTEX) ----
Pennsylvania Department of Transportation orders hybrid buses from Azure Dynamics OAK PARK, MI, June 23 /CNW/ - Azure
Dynamics Corporation (TSX: AZD, LSE: ADC & OTCQX: AZDDF) - ("Azure" or the "Company"), a leading developer of hybrid electric
and electric powertrains for commercial vehicles, announced today it has received an order from the Pennsylvania Department
of Transportation ("PennDOT") for 10 hybrid buses with an option for 15 additional buses at a later date. PennDOT has ordered
the eighteen passenger Azure/StarTrans Hybrid Para-transit Citibus for delivery in 2008. "Azure's hybrid technology continues
to gain traction with proactive fleet managers who value our performance, significant fuel economy improvements, emissions
reductions and long-term maintenance cost savings," said Scott Harrison, Azure Dynamics' Chief Executive Officer. "We see
the PennDOT order as further validation that our technology answers stringent market demands." The Azure Series-Hybrid CitiBus
system specified by PennDOT has unique attributes like engine-off driving while electronically supporting key ancillary functions
like air conditioning, power steering and braking. The powertrain, with a GM Vortec 4.8L engine, offers over a 40% improvement
in fuel economy, and a 30% reduction in carbon emissions in city conditions. The powertrain also offers a 25% reduction in
engine maintenance and a 75% reduction in brake maintenance versus conventionally equipped competitors. At a press conference
at the Pennsylvania capital on Thursday Governor Edward G. Rendell said, "The only way to secure our energy future is to take
steps now that allow Pennsylvania to be more energy efficient and conserve our natural resources. We cannot reduce our dependence
on foreign oil unless we make better use of the alternative transportation options and invest in our own home-grown fuel resources
as proposed by the PennSecurity Fuels Initiative." The Governor further stated that "Energy independence begins at home, and
commuters can do their part to help reduce energy consumption and reduce Pennsylvania's dependence on foreign oil by relying
more on public transit or car pooling." The first ten Azure Dynamics Para-transit hybrid buses ordered by PennDOT will be
operated by Rabbit Transit in York County, PA and will expand its shared-ride program. The PennDOT contract was awarded via
Arcola Bus Sales. The Azure bus purchase advances PennDot's strategic focuses of balancing social, economic and environmental
concerns in transportation programs for optimal effectiveness and efficiency of services offered. About Azure Dynamics Azure
Dynamics Corporation (TSX: AZD) (LSE: ADC) (OTCQX: AZDDF) is a world leader in the development and production of hybrid electric
and electric components and powertrain systems for commercial vehicles. Azure is strategically targeting the commercial delivery
vehicle and shuttle bus markets and is currently working internationally with various partners and customers. The Company
is committed to providing customers and partners with innovative, cost-efficient, and environmentally-friendly energy management
solutions. For more information please visit www.azuredynamics.com. The TSX and LSE Exchanges do not accept responsibility
for the adequacy or accuracy of this release. Forward-looking Statements This press release contains forward-looking statements.
More particularly, this press release contains statements concerning Azure's business development strategy, projected commercial
revenues and product deliveries. The forward-looking statements are based on certain key expectations and assumptions made
by Azure, including expectations and assumptions concerning achievement of current timetables for development programs, target
market acceptance of Azure's products, current and new product performance, availability and cost of labour and expertise,
and evolving markets for power for transportation vehicles. Although Azure believes that the expectations and assumptions
on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking
statements because Azure can give no assurance that they will prove to be correct. Since forward-looking statements address
future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ
materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the
risks associated with Azure's early stage of development, lack of product revenues and history of losses, requirements for
additional financing, uncertainty as to commercial viability, uncertainty as to product development and commercialization
milestones being met, uncertainty as to the market for Azure's products and unproven acceptance of Azure's technology, competition
for capital, product market and personnel, uncertainty as to target markets, dependence upon third parties, changes in environmental
laws or policies, uncertainty as to patent and proprietary rights, availability of management and key personnel, and acquisition
integration risk. These risks are set out in more detail in Azure's annual information form which can be accessed at www.sedar.com.
The forward-looking statements contained in this press release are made as of the date hereof and Azure undertakes no obligation
to update publicly or revise any forward-looking statements or information, whether as a result of new information, future
events or otherwise, unless so required by applicable securities laws. For further information: FOR MORE INFORMATION ON AZURE,
CONTACT: Ryan Carr, Chief Financial Officer, (248) 298-2403, Email: rcarr(at)azuredynamics.com; Pat Liebler, Liebler!MacDonald,
(313) 832-4376, Email: pat(at)lieblergroup.com; David Poutney, Stuart Skinner, Richard Kenny, Tel: +44 207 260 1000, Numis
Securities Limited, Nominated Adviser to the Company (AZD. AZDDF ADC) END Copyright (C) 2008 PR Newswire Europe
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
