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PRE, CLNO, ANH, TMH - PennyToBuck.com Stock Report!

Posted, by PennyToBuck on December 18th, 2011

PartnerRe Ltd. (NYSE:PRE) announced that the Company expects to record a charge of approximately $88 million to reserve the full limit of its Tohoku Earthquake exposure related to its largest Japanese cedant. The decision to reserve the full limit of its exposure to this particular cedant follows a recently completed intensive on-the-ground audit by the Company of the cedant's exposures and claims processes.

PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company, through its wholly owned subsidiaries, also offers capital markets products that include weather and credit protection to financial, industrial and service companies.

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Cleantech Transit, Inc. (CLNO.OB)

CLNO previously announced it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project. CLNO 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 CLNO 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 we move ahead.

CLNO was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. CLNO 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 has to offer.

Biomass gasification facilities can fire boilers that heat schools, offices, institutions, and manufacturing facilities. The net fuel cost is cheaper than heating oil, natural gas, and coal. In addition, proper engineering, wood burning systems emit fewer pollutants into the air than coal and oil systems.

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Anworth Mortgage Asset Corporation (NYSE:ANH) announced that its board of directors declared a quarterly common stock dividend of $0.21 per share for the fourth quarter of 2011. The common stock dividend is payable on January 27, 2012 to common stockholders of record as of the close of business on December 27, 2011.

Anworth is a mortgage real estate investment trust which invests primarily in securities guaranteed by the U.S. Government, such as Ginnie Mae, or guaranteed by federally sponsored enterprises, such as Fannie Mae or Freddie Mac.

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Team Health Holdings, Inc. (NYSE:TMH), announced that it has named Kelly O'Callaghan as National Director of Scribe Services. In this newly created role, O'Callaghan is responsible for oversight of the nationwide operation of TeamHealth's growing number of scribe programs. Scribes are trained, non-clinical assistants who work directly with TeamHealth's affiliated physicians.

TeamHealth was founded in 1979 and has become one of the largest suppliers of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States.

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Authored by, PennyToBuck
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