Market News
Bank of New York Mellon (BK)
BNY Mellon said it has signed a definitive agreement to acquire the corporate trust business of CIBC Mellon. The acquisition is expected to close by the end of the
The acquisition will more than double BNY Mellon's share of the corporate trust market in Canada and expand its leadership position in a number of key segments, servicing domestic and cross-border debt issuances, structured credit and securitizations, government stimulus programs and public private partnership transactions.
Feb 17 · 8:40:00 AM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
ConocoPhillips (COP)
ConocoPhillips says it will spend $11.2 billion on capital projects in 2010, a 10 per cent drop from estimated 2009 spending.
The nation's third-largest oil company previously said it would cut capital expenditures and sell off assets to help pay off debt and improve its cash position amid sagging profits.
Feb 16 · 2:52:00 PM · Source: News 1130
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Exxon Mobil (XOM)
Exxon Mobil Corporation announced today that additions to its proved reserves in 2009 totaled 2.0 billion oil-equivalent barrels, replacing 133 percent of production. Excluding the impact of asset sales, reserves additions replaced 134 percent of production.
“ExxonMobil is an industry leader in reserves replacement,” said Rex W. Tillerson, chairman and chief executive officer. “We have replaced more than 100 percent of production for 16 consecutive years, reflecting our strategic focus on resource capture, a disciplined approach to investment and excellence in project execution. Adding new reserves ensures that ExxonMobil will continue to develop new supplies of energy to meet future demand and support economic growth and improved standards of living."
Feb 16 · 2:38:00 PM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
United Technologies (UTX)
Sikorsky Aircraft Corp.
and Terma A/S today announced the signing of a Memorandum of Understanding to
explore potential collaborations if the Danish government decides to procure
Sikorsky MH-60R SEAHAWK helicopters.
"We see potentially strong synergies between our companies and the combined
support they could bring to the Danish Maritime Helicopter Program," said
Leonard Wengler, Vice President, Navy Programs for Sikorsky. "The MH-60R
helicopter, dubbed the 'Romeo,' is the most advanced multi-mission naval
helicopter available today with demonstrated effectiveness during deployment
with the U.S. Navy in 2009. Terma's aerospace experience and expertise,
including the production of advanced aerostructures and electronic warfare
equipment, provide promising opportunities for collaboration."
Feb 16 · 2:36:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
GE (GE)
Maintaining momentum in its renewable energy investing, GE Energy Financial Services, a unit of GE, announced today it had made an equity investment in a wind farm CPV Renewable Energy Company is developing in Oklahoma.
GE Energy Financial Services is making a $65 million preferred equity investment to fund construction of the CPV Keenan II wind farm, with an option to invest $100 million more in partnership equity upon commencement of commercial operations.
Feb 16 · 2:32:00 PM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Caterpillar (CAT)
BP plc, ConocoPhillips and Caterpillar are quitting the U.S. Climate Action Partnership, a broad group of businesses and environmental organizations that has been instrumental in building support in Washington for capping U.S. emissions of greenhouse gases.
BP plc, ConocoPhillips and Caterpillar Inc. have decided against renewing their membership in the organization.
Feb 16 · 2:28:00 PM · Source: Reuters · Related: BP
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Boeing (BA)
The Boeing 747-8 Freighter successfully took to the sky for the first time, the flight begins a test program for the world’s most efficient freighter.
Flight was the first of more than 1,600 flight hours in the test program for the newest member of the Boeing freighter family. The 747-8 Freighter is the new, high-capacity 747 that will give cargo operators the lowest operating costs and best economics of any freighter.
Feb 16 · 2:26:00 PM · Source: Daily Times
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
UAL Corp. (UAUA)
United Airlines announced the company was first in on-time performance for domestic scheduled flights among America’s five largest global carriers for 2009 as measured by the U.S. Department of Transportation (DOT) and published in the Air Travel Consumer Report released today.
Among this group of carriers, United climbed to first place for calendar year 2009, surpassing Delta (including its Northwest subsidiary), American, Continental and US Airways, with 81 percent of United flights arriving at their destinations within 14 minutes of the scheduled arrival time. United’s year-over-year improvement on this measure was nearly 10 percentage points. Preliminary statistics indicate the company’s leading performance continued through January 2010
“This performance improvement demonstrates United’s commitment to getting our customers to where they need to be safely and on time,” said John Tague, president of United Airlines. “This is the direct result of the work we did in 2009 through good weather and bad, at each airport, and across every department and work group.”
In late 2008, United launched a back-to-basics effort – Focus on 5 – designed to shape the company’s activities around safety, reliability, customer service and financial performance.
Feb 16 · 2:17:00 PM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek
Previous · Next
Advertisement