Market News
Dow Chemical (DOW)
U.S. Environmental Protection Agency is seeking public review of a proposed agreement with Dow Chemical that establishes a process for evaluating dioxin contamination in Saginaw Bay, the Tittabawassee and Saginaw rivers and their floodplains.
The agreement comes after months of confidential negotiations involving Dow, EPA and the state of Michigan, and represents the first proposed settlement between the Obama administration and the chemical giant responsible for contamination of Michigan’s largest watershed.
Nov 4 · 3:50:00 PM · Source: The Michigan Messenger
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by Michael Oliveto
Disney (DIS)
Disney said it will invest $7 million in forest conservation projects in the Amazon, Congo and United States as part of its effort to reduce emissions, waste and energy use as a corporation.
Disney pledged earlier this year to cut its carbon emissions from fuels by half by 2012, and ultimately to achieve net zero direct greenhouse gas emissions at its office and retail complexes, theme parks and cruise lines.
Nov 4 · 2:01:00 PM · Source: Reuters
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by Michael Oliveto
Dell (DELL)
Dell announced the completion of its tender offer for Perot Systems Corporation, an offer which has expired. Dell has accepted the shares validly tendered and has notified Perot Systems Corporation of its exercise of its top-up option to acquire Perot Systems shares.
As a result of the tenders and the top-up option exercise, Dell will own more than 90% of outstanding Perot Systems Corporation shares and expects to promptly complete the acquisition of Perot Systems Corporation, significantly expanding Dell`s portfolio of technology services and business solutions.
Nov 4 · 1:57:00 PM · Source: Reuters
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by Michael Oliveto
Dell (DELL)
Dell was found liable for $12.8 million in damages over unfair competition and conspiracy claims in a lawsuit involving the New Orleans’ problematic crime camera surveillance program.
Defense attorneys characterized Southern Electronics Supply Inc. and Active Solutions LLC as losers in a competitive environment whose own pricing and pace of work cost them city business. They also suggested the local companies were going after Dell because of its relatively deep pockets.
Nov 4 · 1:30:00 PM · Source: Mercury News
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by Michael Oliveto
Garmin (GRMN)
Garmin Wednesday reported a third quarter a profit of $215 million, or $1.07 a share, up from $171.2 million, or 82 cents a share, a year earlier. Excluding currency fluctuations, earnings rose to $1.02 a share from 87 cents. Revenue, however, sank 10% to $781.3 million.
Nov 4 · 1:11:00 PM · Source: Company News Release
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by Larry Etter
Ambac Financial Group Inc. (ABK)
ABK Financial Group said its third-quarter net income came in at $2.19 billion, or $7.58 a share, versus a net loss of $2.43 billion, or $8.45 a share, a year earlier,
Nov 4 · 1:06:00 PM
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by Larry Etter
du Pont (DD)
DuPont announced that its Board of Directors has elected Chief Executive Officer Ellen Kullman, Chair effective December 31.
Charles O. Holliday, Jr. Chair, will retire from the Board after 11 years as its Chairman. Kullman became CEO effective January 1 after Holliday served as DuPont's CEO for 10 years.
Nov 4 · 1:06:00 PM · Source: Reuters
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by Michael Oliveto
XTO Energy (XTO)
Oil company XTO Energy said third quarter earnings for the three months ended Sept. 30 dropped to $500 million, or 86 cents per share, from $521 million, or 94 cents per share, during the same period last year.
Nov 4 · 1:03:00 PM · Source: Company News Release
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by Larry Etter
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