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Home > (ST, DHR, CQB, CLNO, TMK) Stocks in Focus by PennyToBuck.com

(ST, DHR, CQB, CLNO, TMK) Stocks in Focus by PennyToBuck.com

July 28th, 2011 at 10:42 am






Sensata Technologies Holding N.V. (NYSE:ST) announced that Robert Hureau has been promoted to Senior Vice President and Chief Financial Officer, effective immediately. Mr. Hureau will report to Chief Administrative Officer and former Chief Financial Officer Jeff Cote. The change will enable Mr. Cote to focus more of his attention on important organizational and administrative matters.

Sensata Technologies Holding B.V., an industrial technology company, engages in the development, manufacture, and sale of sensors and controls worldwide.

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Danaher Corporation (NYSEBig GrinHR) announced that net earnings from continuing operations for the quarter ended July 1, 2011 were $449.6 million, or $0.65 per share on a diluted basis, a 23% increase as compared to diluted net earnings per share from continuing operations for the second quarter 2010. On a non-GAAP basis, which reflects the adjustments identified in the attached reconciliation schedule, second quarter 2011 adjusted diluted net earnings per share from continuing operations, excluding the impact of the acquisition of Beckman Coulter, were $0.69, a 28% increase over 2010 second quarter adjusted diluted net earnings per share from continuing operations.

Danaher Corporation, together with its subsidiaries, designs, manufactures, and markets professional, medical, industrial, commercial, and consumer products in the United States and internationally.

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Chiquita Brands International, Inc. (NYSE:CQB) announced the successful completion of the previously announced refinancing of a portion of its capital structure. The related transactions described below reduce the company's interest expense, extend debt maturities and add operating flexibility. The company expects at current rates to save approximately $11 million in annual interest costs in the first year following the refinancing.

Chiquita Brands International, Inc., together with its subsidiaries, engages in the distribution and marketing of bananas and fresh produce under the Chiquita and other brand names worldwide.

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Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. originally only aim was to develop opportunities utilizing advances in technology and manufacturing processes in order to develop significant market share in the growing clean energy public transportation sector.

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.

Using biomass to produce energy generates no net carbon dioxide increase. Because it releases as much carbon dioxide as it takes in, if the biomass burned is replaced with more biomass per unit the process can counteract its carbon release. Biomass has a considerably lower sulfur content than even low sulfur coal (which is costlier than regular coal), and would release less sulfur dioxide into the atmosphere.

For more details about Cleantech Transit Inc. visit their website: www.cleantechtransitinc.com

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Torchmark Corporation (NYSE:TMK) reported that for the quarter ended June 30, 2011, net income was $1.32 per share, compared with $1.02 per share for the year-ago quarter. Net operating income for the quarter was $1.14 per share, a 8% increase compared with $1.06 per share for the year-ago quarter. Note: All share and per share information has been adjusted to reflect the three-for-two stock split that was effective on July 1, 2011.

Torchmark Corporation, through its subsidiaries, provides individual life and supplemental health insurance products, and annuities to middle income households.



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