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Hiru Corporation (OTCPK:HIRU)
Hiru Corporation (PINK SHEETS:HIRU) is considering a merger with a Canada-based health products company. This company operates a full-service natural health clinic and distributes its signature brand of health products.
The company's various products promote brain health, pain management and hormone balance, and help combat high blood pressure and high cholesterol. These products come highly regarded by the Chinese market, and have already received positive online testimonials from consumers who say using the products improved their health.
Services at the natural health clinic include specialty massage, EIS scanning, acupuncture, and computer-guided biofeedback scanning.
HIRU is excited at the prospect of merging with this growing medical company, which has distributors and franchise outlets opening across the country. The name, revenues and all other details will be released by the company shortly, as the discussions progress. The company is of the opinion that this is a material event that warrants a public announcement.
In other corporate news, HIRU intends to rescind the 5-1 forward split previously under consideration, as upon further review the management is of the opinion that this course of action would not be in the best interest of the shareholders.
The company will keep the investor public appraised of future developments.
Hiru Corporation operates through its subsidiary, Jiangxi Shaungshi Pharmaceutical Co., Ltd., is a producer of Chinese herbs for the naturopathic industry in China. Jiangxi Shaungshi Pharmaceutical Co., Ltd. focuses on producing and manufacturing of herbs, herbal extracts and herbal preparations. The company's products are based on the traditional Chinese systems. Company researches and develops dosage approaches and health applications of these traditional recipes. On December 3, 2009, HIRU completed the merger with the China-based company Jiangxi Shaungshi Pharmaceutical Co., Ltd.
To learn more about HIRU visit: http://www.hirucorporation.com
Helmerich & Payne Inc. (NYSE:HP) fourth quarter earnings release, you are invited to listen to its conference call that will be broadcast live over the Internet on Thursday, November 18, 2010, at 11:00 a.m. (NYSE:ET) with Hans Helmerich, President and CEO; John Lindsay, Executive Vice President, U.S. and International Operations; Juan Pablo Tardio, Vice President and CFO and Mike Drickamer, Director, Investor Relations of Helmerich & Payne, Inc. For live webcast log on to http://www.hpinc.com then click on “Investor Relations Main Page”.
Helmerich & Payne, Inc. engages in the contract drilling of oil and gas wells in the United States and internationally. The company provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and from fixed platforms, tension-leg platforms, and spars in offshore areas.
AGCO Corporation (NYSE:AGCO) a worldwide manufacturer and distributor of agricultural equipment, announced on November 11, 2010 that it has signed a letter of intent to form a joint venture with Amity Technology, LLC for the development and distribution of air seeding and tillage equipment. As part of the transaction, AGCO will acquire a 50% interest in selected air seeding and tillage product lines currently sold under the Amity, Wil-Rich and Wishek brand names. The resulting joint venture will be based in Fargo, North Dakota and will develop, manufacture and distribute products sold under its existing brand names as well as selected AGCO brand names in the future. The transaction is expected to close before the end of 2010.
AGCO Corporation manufactures and distributes agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment and implements, and diesel engines, and related replacement parts worldwide.
Cameron International Corporation (NYSE:CAM) reported net income of $148.7 million, or$0.61 per diluted share, for the quarter ended September 30, 2010, compared with net income of $124.9 million, or $0.56 per diluted share, for the third quarter of 2009. The current quarter’s results include pretax charges of $10.4 million, or $0.03 per share, related to the continued integration of NATCO Group Inc. and litigation costs associated with the Deepwater Horizon matter, while the third quarter 2009 results included a pretax charge of $5.9 million, or$0.02 per share, for severance-related costs. Total revenues were $1,527.1 million for the quarter, up 24 percent from 2009’s $1,231.8 million, while income before income taxes was $185.1 million, up nearly ten percent from the $168.6 million of a year ago. Cameron President and Chief Executive Officer Jack B. Moore said, “While we did see improvement in a number of our businesses, overall margins declined in the third quarter and are expected to trough in the fourth quarter.
Cameron International Corporation provides flow equipment products, systems, and services to oil, gas, and process industries worldwide. The company operates through three segments: Drilling & Production Systems, Valves & Measurement, and Compression Systems.
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