Cooper Tire & Rubber Co. (NYSE:CTB) announced it has signed an agreement to acquire the assets of an existing tire plant in Krusevac, Serbia. Located approximately 200 kilometers south of the Serbian capital of Belgrade, Krusevac, provides an excellent location to supply tires to the European and Russian markets.
Cooper Tire & Rubber Company, together with its subsidiaries, manufactures and markets replacement tires in North America and internationally.
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Citigroup, Inc. (NYSE:C) announced that it has been recognized for industry leadership and innovation in investment services with eight awards from several prestigious publications. The awards recognize Citi’s extensive experience to address the specific challenges of global investors and its ability to tap the intellectual capital of Citi’s local network to help clients deepen their insight, extend their reach and expand their business.
Citigroup, Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services.
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Cleantech Transit Inc. (CLNO)
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 could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
The largest fraction of energy comes from the sun as solar energy and this facilitates plant development and powers the water cycle hence making possible the production of hydro-power. Another energy source is wind power, turbines can be turned by wind to generate powered without producing any greenhouse gases. Water in motion has kinetic energy and this can be converted to hydro-electricity by use of turbines which drive generators. Other sources of renewable energy are geothermal and bio-fuels such as solid biogas and biogas.
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.
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Harry Winston Diamond Corporation (NYSE:HWD) announced its third quarter Fiscal 2012 results for the period ending October 31, 2011. The mining segment reported sales of $36.2 million, a 40% decrease from $60.7 million in the comparable quarter of the prior year. Rough diamond production (the Company’s 40% share) for the calendar quarter increased by 8% to 0.8 million carats compared to 0.7 million carats in the same quarter of the prior year. For the luxury brand segment, sales were $83.5 million compared to $80.2 million in the same quarter of the prior year, an increase of 4% or a decrease of 4% at constant exchange rates.
Harry Winston Diamond Corporation, a diamond company, engages in mining and retailing diamonds in Canada and internationally.
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