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Hiru Corporation (OTCPK:HIRU)
Currently Hiru Corporation subsidiary Jiangxi Shaungshi Animal Health Products (AHP) Co., along with Shuangshi subsidiary Jiangxi Ian Van Agricultural Development Corporation, signed a reservoir lease with Tang Nan Zhang Zhongxi Village in Nanchang County.
For the agricultural development and to develop into the aquacultural market, Shaungshi AHP and Ian Van Agricultural Development Corporation intend to make use of the leased freshwater reservoir. The location of the reservoir in the area of Poyang Lake, China's largest fresh water lake (3,583 square kilometers), companies in the area appropriate this form of business expansion, as the global demand for aquatic products has been escalating progressively since the 1970's, and China plays a key role in this market as a producer, consumer and exporter.
Hiru Corporation intends to continue its work in the development, production and marketing of both well-established and new veterinary drugs, and nutritional additives (amino acids, vitamins, trace elements, etc.) for the Chinese market.
Hiru Corporation is pleased with this development and looks forward to future growth.
Foot Locker, Inc. (NYSE:FL) the New York-based specialty athletic retailer plans to report its third quarter 2010 financial results onThursday, November 18, 2010. A conference call is scheduled forFriday, November 19, 2010 at 9:00 a.m. ET to discuss these results. This conference call may be accessed live from the Investor Relations section of the Foot Locker, Inc. website athttp://footlocker-inc.com. Please log-on to the website at least 15 minutes prior to the call in order to download any necessary software. News releases are also available on the Internet at http://www.prnewswire.com or on Foot Locker, Inc.'s website at http://www.footlocker-inc.com.
Foot Locker, Inc. operates as a retailer of athletic footwear and apparel. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment offers athletic footwear and apparel under various formats, including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, and CCS.
Lennar Corp. (NYSE:LEN) announced that it has agreed to sell$435 million principal amount of 2.75% Convertible Senior Notes due 2020 to initial purchasers, who resold the Convertible Senior Notes to qualified institutional buyers in transactions that are exempt from the registration requirements of the Securities Act of 1933, as amended, under Rule 144A. The Convertible Senior Notes are expected to be delivered and paid for on November 10, 2010. The initial purchasers of the Convertible Senior Notes will have the option to purchase up to an additional $65 million principal amount of Convertible Senior Notes to cover over-allotments.
Lennar Corporation, together with its subsidiaries, operates as a home builder and provider of financial services in the United States. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, and multi-level residential buildings, as well as the purchase, development, and sale of residential land directly and through unconsolidated entities.
General Electric Co. (NYSE:GE) has entered into a Performance-based Navigation (PBN) Services agreement with LAN Airlines to design and deploy an optimized navigation network at Lima –Jorge Chávez International Airport, and four other airports in Perú, Chile and Ecuador. GE’s PBN Services business in Kent, Wash. (Naverus, Inc.) will design the optimized arrivals and departures using Required Navigation Performance technology (NYSE:RNP). RNP is an advanced form of PBN that, for a typical airline, can eliminate an average of 10 nautical miles from the distance an airplane flies on its approach to landing and create significant reductions in annual fuel consumption and CO2 emissions.
General Electric Company (GE) operates as a technology, media, and financial services company worldwide. Its Energy Infrastructure segment produces gas, steam, and aero derivative turbines; generators; combined cycle systems; and renewable energy solutions, as well as provides water treatment services and equipment.
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