Value Line, Inc. (NASDAQ:VALU) reported results for the second fiscal quarter ended October 31, 2011 and announces settlement of derivative shareholder's suit. During the six months ended October 31, 2011, the Company's net income of $3,991,000, or $0.40 per share, was $587,000 or 17.2% above net income of $3,404,000, or $0.34 per share, for the six months ended October 31, 2010. Net income for the second quarter of fiscal 2012 of $1,915,000, or $0.19 per share, was $828,000 or 76% above net income of $1,087,000, or $0.11 per share, for the second quarter of fiscal 2011.
Value Line, Inc. (Value Line) is engaged in producing investment related periodical publications.
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Biomass can be used for fuels, power production, and products that would otherwise be made from fossil fuels. The use of biomass energy has the potential to greatly reduce greenhouse gas emissions. Burning biomass releases about the same amount of carbon dioxide as burning fossil fuels. However, fossil fuels release carbon dioxide captured by photosynthesis millions of years ago, an essentially ?new? greenhouse gas. Biomass, on the other hand, releases carbon dioxide that is largely balanced by the carbon dioxide captured in its own growth (depending how much energy was used to grow, harvest, and process the fuel).
Cleantech Transit Inc. (?Cleantech?) (OTC.BB: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.
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).
A huge percentage of the world's fossil fuels come from the world's most volatile places. By reducing your use of oil derivatives, you reduce dependence on foreign energy sources, increasing the country's energy security.
To discover more about CLNO, please visit: http://www.cleantechtransitinc.com/
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Eaton Vance Corp. (NYSE:EV) announced that William Delahunty, CFA, has assumed responsibility for leading municipal research. Mr. Delahunty, a 13-year veteran of Eaton Vance, was appointed Director of Municipal Research, effective immediately. He reports to Cynthia Clemson and Thomas Metzold, co-directors of Eaton Vance's Boston-based municipal income group, which oversees the management of approximately $15.9 billion of fund and separate account assets on behalf of clients.
Eaton Vance Corp. is one of the oldest investment management firms in the United States, with a history dating to 1924.
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Aircastle Limited (NYSE:AYR) announced the pricing of an additional $150 million aggregate principal amount of 9.75% senior notes due 2018 (the "notes"). The notes will be treated as a single series of debt securities with the $300 million in aggregate principal amount of 9.75% senior notes due 2018 issued on July 30, 2010 (the "existing notes"), and will have the same terms as the existing notes except that they (1) will have a different issue date and issue price, (2) will be subject to a separate registration rights agreement and (3) until registered, will have different CUSIP numbers. The notes will be issued at 102.769% of par, for a yield to worst of 9.00%. The notes will be offered only to qualified institutional buyers and outside the United States in accordance with Rule 144A and Regulation S, respectively, under the Securities Act of 1933, as amended (the "Securities Act"). Aircastle plans to use the net proceeds of the private placement for general corporate purposes, including the purchase of aviation assets.
Aircastle Limited (Aircastle) is a global company engaged in acquisition, leasing, and selling of high-utility commercial jet aircraft to passenger and cargo airlines throughout the world.
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