This agreement is a worldwide, non-exclusive agreement which enables Hilite to license Clean Diesel’s ARIS airless injection technology for selective catalytic reduction control of vehicle oxides of nitrogen emissions in global original equipment manufacturer markets. Hilite chose to incorporate Clean Diesel’s SCR and EGR-SCR technologies into its own portfolio of SCR technologies to enable their customers to optimize fuel efficiency while
minimizing harmful emissions.

Hilite International has also obtained rights to Clean Diesel’s patented combination of the use of exhaust gas recirculation in conjunction with SCR for reducing fuel consumption while meeting stringent emissions standards.

Financial terms were not readily available, but as far as the size of Clean Diesel Tech it generated only $4.925 million in revenues during all of 2007 and its market cap is a mere $105 million.

Jon C. Ogg
June 16, 2008

After United Rentals (NYSE:URI) said it was suing Cerberus on the broken merger, Cerberus is taking its own defensive actions to cap the damages to $100 million.

The O.E.C.D. puts total U.S. write-offs and write-downs at roughly $300 Billion from major U.S. banks, while so far only $50 Billion has been estimated out of major banks as to what may be written down…..Source, New York Times.

UAL Corp. (NASDAQ:UAUA) may be closer to a merger than they led on… source, Business Week.   Business Week also wonders if Google (NASDAQ:GOOG) is winded……and it talks up Clean Diesel Technologies (NASDAQ:CDTI)….

Bond insurer CIFG is being acquired for some $1.5 Billion by Groupe Banque Populaire and Groupe Caisse d’Epargne to take ownership from Natixis….. New York Times ran a story.

ArcelorMittal (NYSE:MT/ADR) confirmed media reports that it is in talks with controlling holders in China Oriental Group Limited on increasing its stake from 28%.

CNET and TechCrunch reported that News Corp. (NYSE:NWS) may acquire social networking site LinkedIn in early 2008.

Amazon.com’s (NASDAQ:AMZN) Kindle e-book reader priced at $399.00 is actually sold out already, with a new December 5, 2007 ‘in-stock’ date.

Financial Times reported that Goldman Sachs (NYSE:GS) is trying to raise $4 to $6 Billion for a new stock picking hedge fund… not quant, not computerized… old fashioned stock picking.

Corning (NYSE:GLW) may be one to watch as SAMSUNG is reportedly investing $2.2 Billion to increase its LCD production.

WSJ ASIA: China Railway raised 22.44 billion yuan from its Shanghai initial public offering, after pricing its shares at the top of the indicated price range.

Jon C. Ogg
November 23, 2007