Weekly News Bulletin: Oct. 28-Nov. 3, 2003


Republic Authorizes Stock Repurchase, Announces Earnings

Republic Services, Inc. (NYSE: RSG) will conduct the repurchase of up to $200 million of its common stock in 2004, and an additional $25 million for the remainder of 2003, from $150 million to $175 million. Since the inception of the share repurchase program in July 2000, Republic has repurchased approximately 23.6 million shares of its common stock, for approximately $435.6 million. The company has also reported net income of $44.7 million, or 28 cents per share, for the quarter ended September 30, 2003, versus net income of $62.2 million, or 38 cents per share, for the comparable period last year...Read More »



Waste Management Reports Third-Quarter Earnings

Higher fuel and insurance costs combined to depress Waste Management's quarterly profits for the third quarter of 2003. The company earned $210 million, or 35 cents a share, in the quarter, as compared to $231 million, or 38 cents a share, one year ago. The company's gross margin was 35.5 percent of revenue, up slightly from 35.3 percent in the second quarter. Reuters Research had targeted an average profit of 37 cents per share. Revenues for the company rose about 3 percent to $2.98 billion from the year-earlier period...Read More »



Shaw Environmental, Inc. Wins Contract From Us Army Corps. Of Engineers

Shaw Environmental has won a fixed price remediation insured contract from the U.S. Army Corps of Engineers for a period of three years, with a single two-year option. The contract has a potential shared value of up to $200 million. The company's first task under the award, valued at roughly $9.8 million, involves remediation services for portions of the Ravenna Army Ammunition Plant in Ohio. Services performed will include site characterizations, investigations, environmental studies, engineering, design and remediation services...Read More »



EPA Grants $12 Million For Portland, Ore. Cleanup

The federal EPA has granted the state of Oregon $12 million to clean 25 acres of highly contaminated sediments on the Willamette River near the University of Portland, according to The Oregonian. The site had been denied funding in July, but Oregon Gov. Ted Kulongoski appealed to President Bush during the president's August visit to Oregon, aiding in the release of funds. The site hosted the now-bankrupt McCormick & Baxter Creosote Co. from 1944 to 1991. The company treated wood with preservatives containing creosote, pentachlorophenol and metals...Read More »



Arkansas Supreme Court Clears Way For Chemical Burning

The Arkansas Supreme Court has upheld a decision that will permit the incineration of cf chemical weapons at the Pine Bluff Arsenal. The incineration is scheduled to begin in April 2004, according to Washington Demilitarization Co., which constructed and will operate the incinerator. The Arkansas News reported that the state Supreme Court upheld a 2000 decision by the Arkansas Pollution Control and Energy Commission that issued permits for the incinerator. Opponents had challenged the permits in Jefferson County Circuit Court, contending that the incineration would release harmful contaminants into the atmosphere...Read More »



Personnel News

Waste Connections Inc. has named Executive Vice President Darrell W. Chambliss to the newly-created position of Chief Operating Officer, responsible for daily operating activities...Read More »


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