StockHotTips.com’s Update On CVAT,PRI,KBH,T,AIRV
StockHotTips.com Hot Stock News & Alerts!
Friday November 13, 2009
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Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: CVAT - News; Berlin: WTC - News) commented that it has entered into an agreement with Desmet Ballestra Group www.desmetballestra.com to evaluate CTI’s Nano Cavitation Reactor technology and its potential benefits to the vegetable oil industry.
Primary Energy Recycling Corporation (TSX: PRI) (the “Company”) is pleased to announce the closing of its previously announced US$105 million secured term loan facility (the “New Credit Facility”). The Company has also completed the conversion of subscription receipts into common shares issued in connection with the Company’s previously announced rights offering. The proceeds of the New Credit Facility together with the proceeds from the rights offering have been applied to fully retire the Company’s outstanding US$131 million term loan.
A Texas homeowner filed a class-action lawsuit today against KB Home (NYSE: KBH), Countrywide Financial and LandSafe Appraisal Services, claiming the three conspired to rig housing prices in Texas and Colorado, costing home purchasers millions of dollars and pushing homeowners into dangerous loans.
The suit, filed yesterday in U.S. District Court in Los Angeles, claims the three companies employed a well-planned scheme to control the typically independent appraisal process, jacking up home values, which, in turn, were used to determine the value of other homes sold by KB, affecting thousands of homeowners.
AT&T* today announced the availability of its third generation (3G) mobile broadband network in Alexandria and Pineville, opening the door to a new era of mobile services, devices and feature-rich audio and video content for customers in the area. The 3G launch encompasses 30 cell sites in Cenla.
The network extension is part of AT&T’s ongoing efforts to drive innovation and investment to deliver the benefits of smartphones and mobile broadband for customers. More smartphone customers have chosen AT&T over any other U.S. competitor, and AT&T is committed to driving continual enhancement of network capabilities to meet these customers’ ever-growing mobile broadband needs.
Airvana, Inc. (NASDAQ: AIRV) today announced that it has been informed that it will receive payment of $39.6 million in outstanding invoices for products and services sold to Nortel Networks Inc. prior to Nortel’s January 2009 bankruptcy filing within the next several business days. This payment will be made to Airvana in connection with Telefon AB L.M. Ericsson’s completion of its acquisition of Nortel’s CDMA business. As part of the transaction, Airvana’s contract with Nortel is being assigned to Ericsson.
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