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Home > (ACE, CLNO, TRR, RYN, PMC) Notable Stocks by BestOtc.com

(ACE, CLNO, TRR, RYN, PMC) Notable Stocks by BestOtc.com

July 30th, 2011 at 09:05 am








ACE Limited (NYSE:ACE) reported net income for the quarter ended June 30, 2011, of $1.77 per share, compared with $1.98 per share for the same quarter last year(1); income excluding net realized gains (losses) was $2.01 per share for both periods.(2) Book value increased $737 million during the quarter, up 3% from March 31, 2011. Book value per share stands at $71.36. Annualized operating return on average equity for the quarter was 12.3%.(3) The property and casualty (P&C) combined ratio for the quarter was 92.6%.

ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insureds worldwide.

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Cleantech Transit, Inc. (CLNO)

There are several advantages of biomass energy including:

* Biomass fuels produce virtually no sulfur emissions, and help mitigate acid rain.

* Biomass fuels "recycle" atmospheric carbon, minimizing global warming impacts since zero "net" carbon dioxide is emitted during biomass combustion, i.e. the amount of carbon dioxide emitted is equal to the amount absorbed from the atmosphere during the biomass growth phase.

* The recycling of biomass wastes mitigates the need to create new landfills and extends the life of existing landfills.

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

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TRC Companies Inc. (NYSE:TRR) announced that it has been awarded a $1.7M contract to perform in-situ environmental remediation and groundwater monitoring for a confidential food processing plant in California. By completing the remediation in-situ, facility warehouses and other food processing related structures can be left in place, saving significant demolition and warehouse replacement costs to the client and minimizing disruption of the facility's day-to-day operations. "TRC is pleased to continue a long term relationship with our client," said Chris Vincze, Chairman and Chief Executive Officer. "We are dedicated to solving our client's environmental challenges in a way that helps them achieve their business goals, and we look forward to partnering with them on this project."

TRC Companies, Inc. provides consulting, engineering, and construction management services in the United States.

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Rayonier Inc. (NYSE:RYN) reported second quarter net income of $56 million, or 67 cents per share, compared to $39 million, or 48 cents per share, in the prior year period. For the first six months, net income increased to $115 million, or $1.38 per share, compared to $96 million, or $1.18 per share in 2010. The 2010 results included a first quarter gain of $12 million from the sale of a portion of the Company's interest in its New Zealand joint venture. Excluding this gain, 2010 year-to-date earnings were $84 million, or $1.04 per share. Cash provided by operating activities was $195 million for the first six months of 2011 compared to $356 million for the prior year period. Year-to-date cash available for distribution1 (CAD) was $134 million versus $303 million in the first half of 2010. The prior year period included the receipt of $189 million related to the alternative fuel mixture credit (AFMC).

Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia.

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PharMerica Corporation (NYSE:PMC) announced that it will provide an online simulcast of its second quarter earnings conference call on Friday, August 5, 2011. The Company's results for the second quarter and six months ended June 30, 2011, will be released after the close of the market on Thursday, August 4, 2011. The live broadcast of PharMerica's conference call will begin at 10:00 a.m. Eastern Time on Friday, August 5, 2011. A 30-day online replay will be available approximately one hour following the conclusion of the live broadcast. A link to these events can be found under the Investor Relations section of the Company's website, www.pharmerica.com or at www.earnings.com.

PharMerica Corporation operates as an institutional pharmacy services company in the United States.









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