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Home > (KMB, CLNO, MEG, CNL, INT) Stock Updates by DrStockPick.com

(KMB, CLNO, MEG, CNL, INT) Stock Updates by DrStockPick.com

July 28th, 2011 at 02:14 pm





Kimberly-Clark Corporation (NYSE:KMB) reported second quarter 2011 results and updated its full-year 2011 key planning assumptions. Executive Summary: Second quarter 2011 net sales were an all-time record $5.3 billion and increased 8 percent. Organic sales, which exclude the impact of changes in foreign currency rates, rose 3 percent, driven by higher sales volumes and net selling prices. The organic growth was highlighted by an 8 percent increase in K-C International. Diluted net income per share for the quarter was $1.03 compared with $1.20 in the year-ago period. Second quarter adjusted earnings per share were $1.18 in 2011.

Kimberly-Clark Corporation, together with its subsidiaries, engages in the manufacture and marketing of various health care products worldwide.

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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.

The technology used by Phoenix Energy to turn your waste from industry agriculture and forestry into power has many environmental benefits. At Phoenix Energy they are deeply committed to their customers both in reducing their costs of operation and in helping them be good corporate citizens, having a positive impact on the environment. By installing their wood waste gasification systems their customers help to:
o Reduce greenhouse gas emissions.
o Reduce the amount of toxic pollutants in the atmosphere.
o Save landfill space from taking up more of their landscape and Reduce groundwater
Contaminants.
o Improve energy security and reduce dependence on foreign sources of energy.

Biomass is a renewable energy source which is derived from woody plants such as trees; sawmill co-products; wood waste and other plant material (grasses and straw). Generally regarded as an environmentally sustainable fuel source when it is derived from sustainably managed forests. Regarded as "carbon-neutral" because the burning of biomass releases about the same amount of carbon dioxide into the atmosphere as it had absorbed while it was growing. Renewable because trees and crops can be replanted to replace what has been used. Biomass Energy systems can generally provide low carbon footprint compared to other fossil fuels.

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

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Media General, Inc. (NYSE:MEG) reported operating income in the second quarter of 2011 of $6.8 million, compared with $16.3 million in the second quarter last year. Interest expense of approximately $17 million in both years and non-cash tax expense in both years together produced a net loss in the second quarter of 2011 of $15.4 million, or 68 cents per share, compared with a net loss of $4.3 million, or 19 cents per share, last year.

Media General, Inc., a communications company, provides proprietary local news and information over various media platforms primarily in small- and mid-size communities in the southeastern United States.

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Cleco Corporation (NYSE:CNL) will host its 2011 second-quarter earnings webcast at 11 a.m. Eastern time (10 a.m. Central time) on Thursday, Aug. 4, 2011. To listen to the live webcast, go to the company`s website at www.cleco.com, select "Investor Relations" and "Cleco Corp. 2011 Second-Quarter Earnings Webcast" located under Upcoming Events. The webcast will follow distribution of the company`s second-quarter earnings news release after the market closes on Wednesday, Aug. 3, 2011. A replay of the webcast will be available on Cleco`s website for 12 months.

Cleco Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Louisiana.

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World Fuel Services Corp. (NYSE:INT) invited interested parties to participate in a conference call with its management team on Tuesday, August 2, 2011 at 5:00PM Eastern Time to discuss the Company's second quarter results, which it plans to release after the close of the market on the same date. The live conference call will be accessible by telephone at (866) 393-6927 (within the United States and Canada) or (706) 902-3876 (International). Audio replay of the call will be available through August 16, 2011. The replay numbers are: (800) 642-1687 (within the United States and Canada) and (706) 645-9291 (International). The call ID is 83864165.

World Fuel Services Corporation engages in the marketing and sale of marine, aviation, and land fuel products and related services worldwide.

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