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Navistar International Corp (NYSE:NAV) announced the introduction of its next generation clean engine solution In-Cylinder Technology Plus which should meet 2010 U.S. Environmental Protection Agency emissions regulations and put the company in the position to meet greenhouse gas rules before 2014 and 2017 requirements. The ICT+ technology brings together Navistar’s sophisticated in-cylinder engine expertise with urea-based aftertreatment and shoule be available by early 2013. By using an already proven and certified aftertreatment system, the company intends to offer production-ready vehicles early next year. This approach is also expected to offer an easy path to quick achievement of 2017 GHG standards. The company plans to keep building and shipping current model EPA-compliant trucks in all vehicle classes which use appropriate combinations of earned emissions credits and/or non-compliance penalties during the transition to ICT+. “We’ve shared our new technology path with the EPA and California Air Resources Board, or CARB, and both agencies are encouraged by our plans,” the company cliamed. “We will continue to work with the agencies to ensure that our customers receive uninterrupted deliveries in all 50 states during this transition.” Shares of Navistar International Corp are trading 15.56% lower today.
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Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) target was reduced by Roth Capital due to the firms beliefs that recent FDA correspondence decreases the probability of approval for its Northera treatment. The firm keeps a Buy rating on the stock. Shares of Chelsea Therapeutics International Ltd. are trading 31.01% higher today.
LeapFrog Enterprises, Inc. (NYSE:LF): Following the resignations of Leapfrog CFO, Roth capital does not predict any negative effects to the company by the resignations. The firm keeps a Buy rating and a $15 price target on shares. Shares of LeapFrog Enterprises, Inc. are trading 3.87% lower today.
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