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HP (HPQ)
HP announced it has appointed Tom Iannotti, currently managing director and senior vice president of Americas and Enterprise Business at HP, to lead HP Enterprise Services. Joe Eazor, who currently runs Enterprise Services, will become senior vice president of Corporate Growth Initiatives in the Office of Strategy and Technology at HP. Both changes are effective immediately.
Feb 24 · 9:52:00 AM · Source: Company Press Release
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by Larry Etter
Exxon Mobil (XOM)
A strike squeezing French oil refineries spread Tuesday to facilities owned by ExxonMobil, raising the pressure on Total SA and the government to ward off gas shortages.
Workers at an ExxonMobil-owned Esso depot joined in the walkout Tuesday to support their Total colleagues, who have been striking since last week over plans to close a plant in northern France.
The Esso depot in Port Jerome, on the English Channel, was closed before dawn for lack of workers, CGT union organizer Laurent Delaunay said. Workers at an Esso refinery in neighboring Notre-Dame-de-Gravenchon, France's second-largest refinery, were set to walk out later Tuesday.
Together, Total and Esso refineries account for about 70 percent of France's refining capacity.
A prolonged strike and serious gas shortages could be bruising for French President Nicolas Sarkozy's government as it faces regional elections in less than three weeks. The refinery blockages come amid other acts of unrest among French workers, including an air traffic controllers' strike canceling hundreds of flights Tuesday.
Feb 24 · 12:31:00 AM · Source: Forbes
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by Michael Oliveto
Exxon Mobil (XOM)
Qatar Petroleum and Exxon Mobil Corporation announced the Al Khaleej Gas-Phase 2 (AKG-2) project, with 1,250 million cubic feet per day (mcfd) of sales gas capacity, initiated operations in December 2009.
The new facilities are designed to meet the growing demand of local industries. Combined with Al Khaleej Gas-Phase 1 (AKG-1), which began production in 2005, AKG will have a total capacity of 2,000 mcfd, making it the largest source of domestic gas supply in the State of Qatar.
Feb 24 · 12:27:00 AM · Source: Company Press Release
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by Michael Oliveto
United Technologies (UTX)
United Technologies sold $2.25 billion of debt in a two-part sale.
The offering included $1.25 billion of 10 year notes priced to yield 87 basis points over comparable U.S. Treasuries and $1.0 billion of 30 year bonds priced to yield 109 basis points more than U.S. Treasuries. The joint book managers on the sale were Bank of America Merrill Lynch, BNP Paribas, Citigroup, Deutsche Bank and RBS.
Feb 24 · 12:25:00 AM · Source: Reuters
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by Michael Oliveto
United Technologies (UTX)
The Office of the Architect of the Capitol (AOC) awarded an energy savings performance contract (ESPC) to NORESCO, a national leader in energy efficiency and energy infrastructure solutions, for work in the office buildings of the U.S. House of Representatives. The project includes $34 million in facility infrastructure upgrades in the Rayburn, Longworth, Cannon, and Ford House Office Buildings, and the House Page Dormitory. NORESCO is a subsidiary of Carrier Corp., which is a unit of United Technologies.
The infrastructure upgrades will pay for themselves through more than $67 million in reduced energy and water consumption costs over the project term. After completion of construction, the House Office Buildings are expected to reduce energy consumption by 23 percent and total water consumption by 32 percent.
Feb 24 · 12:23:00 AM · Source: PR News Wire
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by Michael Oliveto
United Technologies (UTX)
Sikorsky Global Helicopters, a business unit of Sikorsky Aircraft Corp., which is a subsidiary of United Technologies, is seeing a resurgence of interest in its S-300C and S-300CBi helicopters, with sales activity for the beginning of 2010 showing a 50 percent increase over the same time period in 2009.
All incoming orders so far in 2010 have been fleet orders of two to four
helicopters each for flight training, patrol, agricultural and wildlife work,
and other diverse operations in the United States and around the world.
"In lean economic times, more operators have come to recognize S-300 series
helicopters as reliable, economic solutions to their mission requirements,"
said David Oglesbee, director, Sikorsky Global Helicopters Light Helicopter
Division. "Low operating costs and a strong safety record also have encouraged
customers to add S-300 series helicopters to their fleets to grow and
diversify their businesses in a soft market."
Feb 24 · 12:21:00 AM · Source: Reuters
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by Michael Oliveto
Boeing (BA)
Boeing and its customer NASA announced that the Tracking and Data Relay Satellite (TDRS) K-L program successfully completed its system-level Critical Design Review (CDR) and Production Readiness Review (PRR) in El Segundo on Feb. 19.
"This is a major step toward developing a new generation of tracking and data relay satellites that will deliver high-resolution images, video, voice and data from Earth-orbiting spacecraft to the ground for vital Earth- and space-science missions," said Craig Cooning, vice president and general manager of Boeing Space and Intelligence Systems. "The extraordinary effort by the NASA and Boeing members of the TDRS team to conduct these successful reviews is a testament to the enduring partnership between Boeing and NASA."
Feb 24 · 12:15:00 AM · Source: FinChannel
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by Michael Oliveto
GE (GE)
GE Healthcare, Intel Corporation and Mayo Clinic are investigating a new model of health care delivery for patients at increased risk of rehospitalization that is designed to meet patients’ needs where they are, including in their homes.
Mayo Clinic will conduct a yearlong research study to determine if home monitoring of patients with chronic diseases, using Intel’s remote patient monitoring technology, will reduce hospitalizations and emergency department (ED) visits.
This study reflects the commitment of GE Healthcare, Intel and Mayo Clinic to develop new patient-centered delivery care models. With the numbers of seniors expected to rise dramatically and increasing numbers of patients experiencing chronic disease, the current focus on face-to-face clinic interaction with the provider is not a sustainable delivery model. Technology could enable new care models to help rein in costs and improve patient outcomes through personalized care and ongoing disease management at home and in the community.
Feb 24 · 12:12:00 AM · Source: Company Press Release
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by Michael Oliveto
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