Reinsurance Group of America Inc (NYSE:RGA) will present at the Keefe, Bruyette & Woods Insurance Conference on Wednesday, September 7, at approximately 8:45 a.m. (ET). A live audio webcast of the presentation will be available online at: http://www.kbw.com/news/conferenceInsurance2011.html. Webcast viewers are encouraged to visit the website at least 15 minutes prior to the presentation to download and install any necessary software.
Reinsurance Group of America, Incorporated, an insurance holding company, engages in individual and group life, annuity, asset-intensive, critical illness, and financial reinsurance in the United States, Canada, Europe, South Africa, and the Asia Pacific.
CIT Group Inc. (NYSE:CIT) announced that it will redeem an additional $1 billion of its 7% Series A Second lien Notes maturing in 2014. In addition to this redemption, CIT also announced that it completed open market repurchases of approximately $400 million of Series A debt in August, including approximately $300 million of 2014 Series A Second lien Notes and $100 million of 2017 Series A Second lien Notes. Following this redemption and debt repurchase, approximately $464 million principal amount of the 2014 Series A Second lien Notes will remain outstanding and approximately $3.1 billion principal amount of the 2017 Series A Second lien Notes will remain outstanding.
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing, leasing products, and other services to small and middle market businesses.
CNA Financial Corporation (NYSE:CNA) resented its Safety in Excellence Award to Fresenius Medical Care North America, the North American operations of Fresenius Medical Care AG & Co. KGaA. CNA’s award recognizes a company’s national leadership and dedicated commitment to employee health, safety, loss prevention and risk control. For more than a decade, Fresenius has demonstrated significant reductions in employee lost time injury rates.
CNA Financial Corporation, through its subsidiaries, provides property and casualty insurance products to small, middle-market, and large businesses and organizations primarily in the United States, Europe, Canada, and Hawaii.
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.
Burning biomass is not the only way to release its energy. Biomass can be converted to other usable forms of energy like methane gas or transportation fuels like ethanol and biodiesel. Methane gas is the main ingredient of natural gas. Smelly stuff, like rotting garbage, and agricultural and human waste, release methane gas - also called “landfill gas” or “biogas.” Crops like corn and sugar cane can be fermented to produce the transportation fuel, ethanol. Biodiesel, another transportation fuel, can be produced from left-over food products like vegetable oils and animal fats. Biomass fuels provide about 3 percent of the energy used in the United States. People in the USA are trying to develop ways to burn more biomass and less fossil fuel. Using biomass for energy can cut back on waste and support agricultural products grown in the United States.
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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