MDC Holdings Inc. (NYSE:MDC) reported a net loss for the 2011 second quarter of $28.0 million, or $0.60 per share, compared with a net loss for the 2010 second quarter of $3.7 million, or $0.08 per share. Revenue for the 2011 second quarter decreased 34% to $215.7 million, compared with $326.3 million a year ago. Prior year results benefited from increased demand related to the federal homebuyer tax credit, which expired during the 2010 second quarter.
M.D.C. Holdings, Inc., through its subsidiaries, engages in homebuilding and financial services businesses in the United States.
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.
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.
Biofuel is a type of fuel whose energy is derived from biological carbon fixation. Biofuels include fuels derived from biomass conversion, as well as solid biomass, liquid fuels and various biogases. Biofuels are gaining increased public and scientific attention, driven by factors such as oil price spikes, the need for increased energy security, concern over greenhouse gas emissions from fossil fuels, and government subsidies.
Biofuels provided 2.7% of the world’s transport fuel, as of 2010. Mandates for blending biofuels exist in 31 countries at the national level and in 29 states/provinces. According to the International Energy Agency, biofuels have the potential to meet more than a quarter of world demand for transportation fuels by 2050.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Gaylord Entertainment Co (NYSE:GET) announced that its Board of Directors elected to extend the term of the Company’s shareholder rights plan by one year until August 12, 2012. This extension was not in response to any acquisition proposal.
Gaylord Entertainment Company, through its subsidiaries, operates as a diversified hospitality and entertainment company in the United States.
Cogdell Spencer Inc. (NYSE:CSA) announced its Board of Directors declared a cash dividend of $0.53125 per share for the Company’s 8.500% Series A Cumulative Redeemable Perpetual Preferred Stock (”Series A”), for the period from June 1, 2011 to August 31, 2011. The dividend will be payable on September 1, 2011, to shareholders of record on August 18, 2011. Series A dividends equate to an annualized rate of $2.125 per share.
Cogdell Spencer Inc. is a privately owned real estate investment trust. The firm engages in investment and management of properties. It invests in the real estate markets of United States.
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