Crwe.ob, Slrc, Cr, Cov Financial Stock News Update From Pennytobuck.com
Crown Equity Holdings, Inc
Crown Equity Holdings, Inc. (OTCBB:CRWE.OB) announces that it has launched its crwenewswire.fr website to provide news in France's native language. Crown Equity Holdings Inc. had previously launched its German website crwenewswire.de and is launching its Canadian website crwenewswire.cn shortly.
"The new website is one step in many towards the company goal of expanding its footprint internationally, " commented Kenneth Bosket, President and CEO of Crown Equity Holdings Inc. "Our goal for 2010 is to have all CRWE's clients' press releases, articles and news content published in every major financial country's native language, as well as within cities of every state of our country," stated Mr. Bosket.
Crown Equity Holdings, Inc. has increased its workforce to an amount of 35, compared to this time last year's head count of 6, which is a 580% personnel increase. This is in addition to the 10 contractors CRWE recently hired in Pakistan.
Crown Equity Holdings, Inc. has also expanded its Internet footprint internationally to include the following 19 countries; Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Korea, Mexico, New Zealand, Singapore, Spain, Taiwan and the UK.
Crown Equity Holdings Inc. is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused its primary vision with its aligned group of independent website divisions to providing media advertising services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information, as well as search engine optimization for its clients.
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Solar Capital Ltd. (NASDAQ:SLRC) recently announced the closing of a new $35 million Senior Secured Term Loan with a new lender. The Term Loan, which expires in September 2013, bears interest at a rate of LIBOR plus 3.25% per annum and has terms substantially similar to SLRC's existing revolving credit facility.
Not only does this term loan increase our borrowing capacity, it also adds diversity to our capital structure. Since the IPO, we have expanded our borrowing capacity to $390 million and we are very pleased with the continued support of the lender community," said Michael Gross, Chairman and Chief Executive Officer of Solar Capital Ltd.
Solar Capital Ltd. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Solar Capital Ltd invests primarily in leveraged, middle market companies in the form of senior secured loans, mezzanine loans, and equity securities.
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Crane Co., CR, (NYSE:CR)
Crane Co. manufactures engineered industrial products in the United States and internationally. Its Aerospace and Electronics segment offers pressure, fuel flow, and position sensors and subsystems; electrical power components; brake control systems; coolant, lube, and fuel pumps; and seat actuation products. This segment also provides power supplies and custom microelectronics for aerospace, defense, medical, and other applications; and power management products, electronic radio frequency, and microwave frequency components and subsystems for the defense, space, and military communications markets.
Crane Co presented yesterday at the Wedbush Securities 2nd Annual Clean Technology & Industrial Growth MAC Conference. Some of the highlights included New Military Platforms which comprised of Airbus A400M: Entry into Service in 2012. The equipment Crane will provideBrake Control SystemFuel Flow Transmitter. F-35 Joint Strike Fighter: Entry into Service 2012 Equipment:-Brake Control SystemLift Fan Lubrication PumpEngine Pressure Sensors.
In the Aerospace industry, Crane Co. will - invest operational savings in organic growth (~ 75 new programs), Maximize content on selected new programs, Modernization and upgrade programs (aging aircraft).
Their sales have increased 9.4% each year from 2002-2008, and their operating profit has gained 8.3% in the same period. Crane has a strong financial position, giving it the capacity to continue strategic acquisitions. At the end of 2009, cash equaled $373 million, and the ratio of net debt to total capitalization was 2.9%.
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Covidien plc., COV (NYSE:COV)
Covidien, a leading global provider of healthcare products, recently announced it supports the U.S. Food and Drug Administrations (FDA) labeling changes for gadolinium-based contrast agents for patients with acute kidney injury or chronic, severe kidney disease.
In November 2009, Covidiens Mallinckrodt business voluntarily contraindicated the use of its Optimark (gadoversetamide injection) in MRI procedures involving the same small group of patients with severe renal impairment. The Company added this contraindication to help ensure Optimark is reserved for use in the appropriate patient population more than 99 percent of patients. Mallinckrodts previous label change is largely consistent with the new FDA requirements.
Covidien is pleased the FDA has taken this important step in clarifying the appropriate use of the class of gadolinium agents, said Herbert Neuman, M.D., Chief Medical Officer, Pharmaceuticals, Covidien. We contraindicated Optimark in patients with severe renal impairment nearly a year ago. Todays FDA action validates our decision and reinforces the agencys efforts to ensure patient safety and the safe use of all gadolinium contrast agents.
ABOUT COVIDIEN
Covidien is a leading global healthcare products company that creates innovative medical solutions for better patient outcomes and delivers value through clinical leadership and excellence. Covidien manufactures, distributes and services a diverse range of industry-leading product lines in three segments: Medical Devices, Pharmaceuticals and Medical Supplies. With 2009 revenue of $10.3 billion, Covidien has 42,000 employees worldwide in more than 60 countries, and its products are sold in over 140 countries.
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by: Bill Pennyman
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Crwe.ob, Slrc, Cr, Cov Financial Stock News Update From Pennytobuck.com Anaheim