AWH, CLNO, TWI, VSH - Market Watch From DrStockPick.com!
Sunday, July 24th, 2011
Allied World Assurance Company Holdings Ltd. (NYSE:AWH) announced that it expects to record approximately $65 million to $75 million in catastrophe related losses and loss expenses in the second quarter of 2011. This range is comprised of approximately $40 million to $50 million from second quarter 2011 weather-related events in the United States and approximately $25 million for additional expected losses from first quarter catastrophe events in New Zealand and Japan. These amounts are pre-tax and net of reinsurance recoverables.
Allied World Assurance Company Holdings, AG operates as a specialty insurance and reinsurance company in Bermuda, Hong Kong, Ireland, Singapore, Switzerland, the United Kingdom, and the United States. Please visit www.awac.com for further information on Allied World.
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Biomass can be used in two fundamental ways: directly (e.g. burning wood for heating and cooking) and indirectly (by conversion into a liquid or gaseous fuel, e.g. ethanol from sugar crops, biodiesel from vegetable oils, or biogas from landfills and animal waste). Direct use is often termed “traditional” use, and indirect use is often termed “modern” or “commercial” biomass use because it involves more advanced processes, such as gasification and electricity generation. Direct or traditional use predominates in the developing world, while indirect use (after transformation) is more common in the industrialized countries.
Cleantech Transit Inc. (”Cleantech”) (OTC.BB: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.
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 that can maximize shareholder value.
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 can generate shareholder returns as well benefit the Company’s manufacturing clients worldwide.
To discover more about CLNO, Please visit: http://www.cleantechtransitinc.com/
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Titan International Inc. (NYSE:TWI) is proud to announced that Jim Allen has joined Titan International as Vice President of Sales. Allen will be headquartered in Des Moines, Iowa at the Titan Tire Corporation offices. Allen will head up Titan’s total sales group for tires and wheels. “Jim has a background in the automotive industry. We believe his experience and quick learning skills will fit into our culture at Titan,” commented Maurice Taylor, CEO and Chairman of Titan International. Allen will be visiting all Titan facilities in the next 60 days.
Titan International, Inc., a holding company, owns subsidiaries that supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications. For more information, visit www.titan-intl.com.
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Vishay Intertechnology, Inc. (NYSE:VSH) introduced two new series of ultra-miniature SMD quartz crystals with wide frequency ranges of 12 MHz to 25 MHz. To enable smaller end products, the XT23 and XT35 offer ceramic packages measuring 3.2 mm by 2.5 mm and 5.0 mm by 3.2 mm, respectively. Both devices feature a low profile of 0.8 mm. With their wide frequency range, frequency tolerance of 30 ppm at + 25 ºC, and compact size, the devices released are optimized for handheld electronic devices such as PDAs, GPS units, MP3 players, notebook computers, PCMCIA cards, and Bluetooth® communication equipment.
Vishay Intertechnology, Inc. manufactures and supplies semiconductors and passive electronic components in the United States, Europe, and Asia. Vishay Intertechnology was founded in 1962 and is based in Malvern, Pennsylvania. Vishay can be found on the Internet at www.vishay.com.
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