KBR, Inc. (NYSE:KBR) operates as an engineering, construction, and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, and industrial sectors worldwide. KBR maintains and provides for five business units: Downstream, Government and Infrastructure, Services, Technology, and Ventures. KBR, Inc. was founded in 1901 and is based in Houston, Texas.
KBR yesterday announced it was awarded a task order by the U.S. Army Contracting Command under its current Logistics Civil Augmentation Program (LOGCAP) IV contract to execute the LOGCAP IV Post 2011 Base Life Support (BLS) requirements for the U.S. Department of State's mission in Iraq. The task order is valued at over $500 million with a Period of Performance of one base year plus one option year. This award is KBR's third task order under the LOGCAP IV contract.
"This award affirms the U.S. government's recognition of KBR's proven capability to deliver projects and services in logistically challenging environments," said Mark Williams, President, KBR Infrastructure, Government and Power. "KBR is proud to support the U.S. Department of State's mission as we continue our support of the U.S. Government in Iraq which began in 2003.
KBR will provide support to U.S. Embassy staff in Baghdad and services at other diplomatic posts throughout Iraq. Services will include facilities and utilities management, fire fighting, food service, laundry, shuttle bus services, retail fuel, postal service and air field operations.
For more information about KBR, please visit: www.kbr.com.
**********************
Cleantech Transit Inc (CLNO)
Biomass power uses these natural materials to generate clean, renewable electricity, while reducing greenhouse gas emissions. Biomass offers significant other environmental and consumer benefits, including improving forest health, protecting air quality, and offering the most dependable renewable energy source.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc 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).
A huge percentage of the world's fossil fuels come from the world's most volatile places. By reducing dependence on oil derivatives, nation in turn can reduce its dependence on foreign energy sources. By converting energy from waste Cleantech Transit hopes to help in increasing its country's energy security.
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 CLNO, visit www.cleantechtransitinc.com
****************
TC Pipelines LP (Nasdaq:TCLP) reported a $1.5 million increase in second quarter 2011 Partnership cash flows to $47.7 million compared to $46.2 million for the same period in 2010. Net income for second quarter 2011 was $36.1 million or $0.69 per common unit, an increase of $8.4 million or $0.10 per common unit, compared to $27.7 million or $0.59 per common unit for the same period in 2010.
TC PipeLines, LP, together with its subsidiaries, transports natural gas in the United States (U.S.) and eastern Canada.
****************
Seneca Foods Corp. (Nasdaq:SENEB) and Allens, Inc. are pleased to announce that they have signed a Memorandum of Understanding contemplating a merger of the two companies in a stock for stock transaction. The completion of the transaction is subject to the negotiation and execution of a definitive agreement between the two parties, customary closing conditions, including regulatory, shareholder and lender approvals and satisfactory completion of due diligence. Terms of the deal were not disclosed.
Seneca Foods Corporation engages in the production and distribution of processed fruits and vegetables, frozen vegetables, and other food products in the United States.
****************
Tornier N.V. (Nasdaq:TRNX) announced two milestone events for the Company's new SimplicitiTM stemless shoulder joint replacement system. Tornier announced that the first patient has been enrolled and treated successfully with the Simpliciti prosthesis as part of an FDA Investigational Device Exemption (IDE) clinical study. The Company also announced the commercial release of the Simpliciti system outside of the United States at the Annecy Live Surgery International Shoulder Advanced Course, held in Annecy, France, June 2-5, 2011.
Tornier N.V. operates as a medical device company that designs, manufactures, and markets devices for joint replacement and soft tissue repair that enable surgical specialists to improve patients' lives by restoring motion and physical vitality.
****************
Kaiser Federal Financial Group, Inc. (Nasdaq:KFFG) reported net income of $8.8 million, or $0.95 per diluted share for the year ended June 30, 2011. This compares to net income of $3.3 million, or $0.35 per diluted share for the year ended June 30, 2010. The significant increase in earnings was primarily a result of the decline in the provision for loan losses and improvement in the net interest margin.
Kaiser Federal Financial Group, Inc. operates as the holding company for Federal Bank that provides retail and commercial banking services to individuals and business customers in California.
********************************************************************
Signup for FREE Daily Stock Alerts From http://www.CRWEFinance.com/signup
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWEFinance.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWEFinance.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://crwefinance.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (OTCPK:CRWE) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (OTCPK:CRWE), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (OTCPK:CRWE) advertises for a particular client, Crown Equity Holdings Inc. (OTCPK:CRWE) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (OTCPK:CRWE), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (OTCPK:CRWE) has received 1,000,000 shares of 144 restricted stocks from the company for 12 months of media advertisement and IR services and 4,000,000 shares of 144 restricted stocks from the company for management fee through end of June for Cleantech Transit, Inc. (CLNO.OB).