Health Net Inc (NYSE:HNT) announced the promotion of Thomas F. Carrato to president, Health Net Federal Services, LLC, part of the Government Contracts segment of Health Net, Inc. In addition, Carrato has responsibility for MHN Government Services, a subsidiary of Managed Health Network, Inc. (MHN).
Health Net, Inc provides managed health care services through its health plans and government-sponsored managed care plans.
Cleantech Transit, Inc. (CLNO)
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. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
Biomass is an extremely important renewable energy source, available nearly everywhere. It can be stored for a long time and often it is economically viable. Biomass is utilized in the best way in Combined Heat and Power plants. In particular the energy obtained is maximized in small power systems (from a few hundred kW electric to one or two MW electric), built near the heat consumer.
The most common fuels used for the cogeneration process are:
1) Wood Biomass, such as sawdust, chips, barks and treated wood;
2) Other Biomass, such as straw, rice husks and bio-sludge;
3) High organic content waste.
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 Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
First Republic Bank (NYSE:FRC) announced financial results for the quarter ended September 30, 2011. Net income was $87.8 million for the third quarter of 2011, up 32% compared with last year’s third quarter. Diluted EPS were $0.66 for the third quarter of 2011, up 25% compared with last year’s third quarter. Excluding the positive impact of purchase accounting items and 2010 divestiture-related expenses, net income was $55.1 million for the third quarter of 2011, up 24% compared with last year’s third quarter. Diluted EPS were $0.42 for the third quarter of 2011, up 20% compared with last year’s third quarter.
First Republic Bank provides private banking, private business banking, investment management, brokerage, trust services, and real estate lending services in California, Nevada, and New York.
Meredith Corp. (NYSE:MDP) announced a strategic investment in London-based iris Worldwide (www.irisnation.com), one of the world’s most successful international marketing agencies. The new relationship with iris enables Meredith to offer global marketing solutions to new and existing clients.
Meredith Corporation, a media and marketing company, engages in magazine publishing and related brand licensing, television broadcasting, integrated marketing, interactive media, and video production businesses in the United States. It operates in two segments, National Media and Local Media.
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