Cleantech Transit, Inc. (CLNO)
The use of biomass energy has the potential to greatly reduce our greenhouse gas emissions. Biomass generates about the same amount of carbon dioxide as fossil fuels, but every time a new plant grows, carbon dioxide is actually removed from the atmosphere. The net emission of carbon dioxide will be zero as long as plants continue to be replenished for biomass energy purposes. These energy crops, such as fast-growing trees and grasses, are called biomass feedstocks. The use of biomass feedstocks can also help increase profits for the agricultural industry.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Willbros Group Inc. (NYSE:WG) announced financial results for the second quarter 2011. The Company reported net income from continuing operations in the second quarter of $7.8 million, or $0.16 per share, on revenue of $458.3 million, compared to the $40.2 million net loss, or $0.85 per share loss reported for the first quarter 2011. Greater revenues and higher utilization of resources in both the Upstream Oil & Gas and the Utility Transmission & Distribution segments contributed to the improvement in operating results. The Company also paid down an additional $43.8 million of its term loan in the second quarter for a total of $72.5 million in debt reduction for the first six months of 2011. Operating income was negatively impacted by a non-cash charge of $8.2 million associated with the TransCanada settlement.
Willbros Group, Inc. provides engineering, procurement, and construction (EPC) services to the oil and gas, refinery, petrochemical, and power industries primarily in the United States, Canada, and Oman.
Build-A-Bear Workshop Inc. (NYSE:BBW) reported results for the second quarter and first six months ended July 2, 2011. Second quarter 2011 total revenue increased 9.0%, excluding the impact of foreign currency. Consolidated comparable store sales increased 7.1% and included an 8.3% increase in North America and a 1.3% increase in Europe. The quarter’s results were positively impacted by the shift of the Easter holiday, which moved into the second quarter this year from the first quarter in 2010. Second quarter net loss of $6.7 million or $0.37 per share included $0.05 per share in consulting costs related to the Company’s continuing initiatives to improve efficiencies and reduce expenses. This compares to the second quarter fiscal 2010 net loss of $0.45 per share, which included a $0.02 per share non-cash impairment charge related to certain long-term deposits.
Build-A-Bear Workshop, Inc. operates as a specialty retailer of plush animals and related products.
Triangle Capital Corporation (NYSE:TCAP) announced its financial results for the second quarter of 2011.Total investment income during the second quarter of 2011 was $16.4 million, compared to total investment income of $8.3 million for the second quarter of 2010, representing an increase of 97.9%. Net investment income during the second quarter of 2011 was $10.2 million, compared to net investment income of $4.6 million for the second quarter of 2010, representing an increase of 124.3%.
Triangle Capital Corporation is a private equity and venture capital firm specializing in buyouts, change of control transactions, acquisitions, growth financing, and recapitalizations in lower middle market companies.
Goodyear Tire & Rubber Co. (NYSE:GT) Directors of The Goodyear Tire & Rubber Company (NYSE:GT) declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock. The dividend is payable October 1, 2011, to shareholders of record on September 15, 2011. The payout represents an annual rate of $2.9375 per share.
The Goodyear Tire & Rubber Company engages in the development, manufacture, distribution, and sale of tires, and related products and services to consumer and commercial customers worldwide.
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