HIRU CORPORATION (Other OTC: HIRU.PK) is considering a merger with a Canada-based health products company. This company operates a full-service natural health clinic and distributes its signature brand of health products.
The company’s various products promote brain health, pain management and hormone balance, and help combat high blood pressure and high cholesterol. These products come highly regarded by the Chinese market, and have already received positive online testimonials from consumers who say using the products improved their health.
Services at the natural health clinic include specialty massage, EIS scanning, acupuncture, and computer-guided biofeedback scanning.
HIRU is excited at the prospect of merging with this growing medical company, which has distributors and franchise outlets opening across the country. The name, revenues and all other details will be released by the company shortly, as the discussions progress. The company is of the opinion that this is a material event that warrants a public announcement.
CARBO Ceramics Inc. (NYSE:CRR) announced net income of $20.2 million, or $0.87 per diluted share, on revenues of $118.5 million for the quarter ended September 30, 2010. President and CEO Gary Kolstad commented, �We are pleased with the record results for the third quarter. Our business continues to benefit from robust oilfield activity levels across the major shale plays in North America. Demand for our products remains strong as clients continue to benefit from the high conductivity achieved by our ceramic proppant both in oil and gas reservoirs. CARBO�s plants operated at high utilization levels during the quarter, which assisted in achieving a quarterly sales volume of 332 million pounds. The start-up of the third 250 million pound production line at our Toomsboro, Georgia facility remains on schedule for November of this year.
CARBO Ceramics Inc. manufactures and supplies ceramic proppants primarily used in the hydraulic fracturing of natural gas and oil wells in the United States and internationally. The company offers five ceramic proppants, including CARBOHSP and CARBOPROP designed for use in deep gas wells.
Lorillard, Inc. (NYSE:LO) announced that 2010 third quarter net earnings rose 16.6% percent to $274 million and diluted earnings per share increased 26% to $1.81. This compared to $235 million or $1.44 per diluted share reported for the third quarter of 2009. Net sales increased $148 million, or 10.4%, to a record level of $1.567 billion for the third quarter of 2010, compared to $1.419 billion for the third quarter of 2009. Third quarter operating income increased $73 million, or 18.6%, from the same quarter of 2009 also to a record level of $465 million. These improved results were driven by a 5.8% increase in total unit volume and higher average net selling prices.
Lorillard, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. The company offers 41 different product offerings under the Newport, Kent, True, Maverick, Old Gold, and Max brand names. It sells its products primarily to wholesale distributors, who in turn service retail outlets, chain store organizations, and government agencies, including the United States� Armed Forces.
FactSet Research Systems Inc. (NYSE:FDS) a leading provider of integrated global financial information and analytical applications for the investment community, announced that its Board of Directors approved a regular quarterly dividend of $0.23 per share. The cash dividend will be paid on December 21, 2010 to holders of record of FactSet�s common stock on November 30, 2010.
FactSet Research Systems Inc. provides financial and economic information on various companies, analytical applications, and client services to the portfolio managers, research and performance analysts, risk managers, marketing professionals, sell-side equity research professionals, investment bankers, and fixed income professionals worldwide.
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