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Exxon Mobil (XOM)
Exxon Mobil would have to halt some construction activities on a planned C$16.2 billion ($15.4 billion) Canadian pipeline for more than five months every year to protect wildlife, a government-appointed panel said.
The proposed 1,220-kilometer (758-mile) natural-gas pipeline from Canada’s Northwest Territories to a US-bound hub in Alberta would make “a positive contribution,” provided the energy companies backing the project and government regulators agreed to take extra measures to protect birds, grizzly bears, caribou, fish and the water supply, the Joint Review Panel for the Mackenzie Gas Project said today in a report.
Dec 31 · 2:43:00 PM · Source: Bloomberg
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by Michael Oliveto
Exxon Mobil (XOM)
The ExxonMobil Educational Alliance Program announced today it awarded $1.8 million in grants this year to 2,400 schools to enhance math and science programs across the United States.
It is the 10th consecutive year for the program, which has provided grants to K-12 educational institutions in 42 states and the District of Columbia. Local schools are eligible to apply for Educational Alliance grants by partnering with their nearby Exxon or Mobil branded retailer, the vast majority of which are independently owned and operated. Since 2000, the program has contributed more than $18 million to local schools through Exxon and Mobil retailers.
Dec 31 · 2:40:00 PM · Source: Business Wire
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by Michael Oliveto
Walmart (WMT)
The daughter of the 85-year-old Columbia, LA woman killed by a falling display rack at the Walmart Supercenter Store in West Monroe, LA has filed a lawsuit against the nation's leading retailer.
Christine Walker Partin of Bossier Parish has filed a petition for damages against Walmart and Walmart Louisiana after a store fixture with holiday towels fell on Margie Collins Walker Davis on November 20. Davis had emergency surgery at St. Francis Medical Center that day and died the following day. The lawsuit states her injuries included multiple brain hemorrhages; a large subdural hematoma; swelling and bruising around her right eye; and linear fracture of the left parietal skull bone.
Dec 31 · 2:34:00 PM · Source: The News Star
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by Michael Oliveto
Verizon (VZ)
The Verizon Foundation, the philanthropic arm of Verizon Communications, has awarded more than $67.5 million this year to more than 17,000 nonprofit organizations throughout the US.
The majority of giving went to organizations that support education, literacy, domestic violence prevention and Internet safety. This year's grants bring to more than $345 million the total funds the Verizon Foundation has awarded since 2005 to support nonprofit organizations.
Dec 31 · 2:30:00 PM · Source: PR Newswire
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by Michael Oliveto
United Technologies (UTX)
The Department of Defense reported that it gave an approximately $171.1 million contract to a United Technologies division to make and convert 14 airplanes for the United Arab Emirates.
Sikorsky Aircraft Corp. will work on the UH-60M aircraft project in Stratford, CT. Work is expected to be completed on December 31, 2012.
Dec 31 · 2:11:00 PM · Source: MSN Money
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by Michael Oliveto
AT&T (T)
AT&T, with $6.63 billion of debt coming due, may be the biggest beneficiary of the record rally in U.S. corporate bonds in 2009.
Borrowing costs have fallen to almost a five-year low, meaning the Dallas-based phone company and the rest of corporate America with $429 billion of debt maturing are poised to shave $17.4 billion off annual interest expense in 2010, according Moody’s Investors Service and data compiled by Bloomberg.
Dec 31 · 2:08:00 PM · Source: Business Week
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by Michael Oliveto
Procter & Gamble (PG)
Procter & Gamble plans to expand its Art of Shaving retail chain to as many as 140 locations in the United States, up from fewer than 40 today.
The pricey shaving chain, founded in New York in 1996, was acquired by P&G in June to extend the reach of its Gillette shaving brand. The strategy is unlikely to create conflict with traditional retail customers because the Art of Shaving targets a different demographic. Prices of its razor handles, for example, can be as much as $500. Its Web site is offering a sterling silver shaving set for $1,700, reduced from $3,400.
Dec 31 · 2:02:00 PM · Source: Business Courier
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by Michael Oliveto
Pfizer (PFE)
Pfizer announced that the U.S. Food and Drug Administration (FDA) has not yet completed its review of the Biologics License Application (BLA) for Prevnar 13, (Pneumococcal 13-valent Conjugate Vaccine [Diphtheria CRM197 Protein]), the Company`s candidate 13-valent pneumococcal conjugate vaccine.
As a result, the review will continue beyond the prescription drug user fee (PDUFA) action date of December 30, 2009.
Dec 31 · 1:38:00 PM · Source: Reuters
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by Michael Oliveto
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