Greenhill & Co., Inc. (NYSE:GHL) regretfully reports that two Managing Directors of the firm — Jeffrey F. Buckalew and Rakesh Chawla — are believed to have been aboard a private plane that crashed this morning in New Jersey . The plane belonged to Mr. Buckalew, an experienced pilot whose passion was flying. We also believe that Mr. Buckalew’s wife, Corinne, and their two children, Jackson and Meriwether, were on the plane. Press reports indicate there were no survivors. The firm has no further information regarding the crash at this time.
Greenhill & Co., Inc. operates as an independent investment bank. The company provides financial advice on mergers, acquisitions, restructurings, fund placement, financings, and capital raisings to corporations, partnerships, institutions, and governments, as well as merchant banking services.
URS Corporation (NYSE:URS) announced that it has acquired the assets of CATI Training Systems, a leading designer and developer of virtual visual environments for flight simulators and a variety of other training systems for the Department of Defense and commercial customers. The terms of the transaction were not disclosed.
URS Corporation provides engineering, construction, and technical services to public agencies and private sector clients worldwide.
VeriFone Systems, Inc (NYSE:PAY) announced that the millionth VeriFone payment acceptance system in Russia was installed this month in the city of Tyumen by VeriFone International Partner (VIP) INPAS Company together with the West Siberian bank of Sberbank. The one millionth system was installed at Eldorado, the federal network of electronics and home appliances shops.
VeriFone Systems, Inc. designs, markets, and services electronic payment solutions that enable secure electronic payments among consumers, merchants, and financial institutions worldwide.
Cleantech Transit, Inc. (CLNO)
Cleantech Transit, Inc. is in the business of producing and conserving power. Cleantech Transit produces and sells clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind. Cleantech Transit’s goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy. Cleantech Transit, Inc. was founded in 2006 and is based in Scottsdale, Arizona.
When biological material extracted from some living being is used as a renewable source of energy it is called Biomass. It is usually comprised of the flora grown to produce electricity or heat - mostly remains of forest such as dead trees or part of trees. The biomass is transformed into chemicals so it can be used to generate required energy. 3.3 percent of United States energy comes from biomass. The biomass station works just like the fossil fuel power station. It does not include fossil fuels as they are transformed into coal, gas, petroleum by geological procedures. Fossils contain that carbon dioxide which was long abandoned in the carbon cycle and is no more considered as a part of the system.
Plants and trees are the best mean to absorb the carbon dioxide in atmosphere. When plants are burnt to gain energy or heat then the process of combustion adds carbon dioxide into the environment. If the plants used as a source of energy are grown again than the method is carbon neutral - as the next generation of plants dilute the concentration of carbon dioxide in atmosphere. Following are the material which can be used as biomass: woodchips, wood (like poplar, willow, eucalyptus, etc.), paper, trash, agricultural crops (like sugar cane. corn), dung, animal waste, sewage, algae, sewage, etc.
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.
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