Weekly News Bulletin: Oct. 26-Nov. 1, 2004


Michigan Waste Control Law Takes Effect

A new Michigan state law regulating the kinds of waste that can be shipped to Michigan landfills from out of state has taken effect now that a federal court judge has denied an effort by the waste industry to postpone the law. The National Solid Waste Management Association had sued to block the law, which requires jurisdictions shipping waste to Michigan to have the same restrictions as Michigan on the materials they accept in their waste...Read More »



Georgia Will Not Appeal Controversial Landfill Case

The state of Georgia will not appeal an administrative law judge's ruling in a Taliaferro County landfill case, which effectively permits the 820-acre facility. The Georgia Environmental Protection Department (www.state.ga.us/dnr/environ) asked the state not to file an appeal. The EPD had denied a permit application to open the landfill, and developer Complex Environmental Inc. of Atlanta appealed the decision. A judge ruled in favor of the developer...Read More »



WCA Waste Reports Third-Quarter Results

WCA Waste Corporation (www.wcawaste.com) has reported results for the third quarter of 2004, with revenue standing at $19.8 million, a 19.3 percent increase over the same period in 2003. The company recorded income from continuing operations of $0.08 per share, as compared to income of $0.11 per share for the same period of last year. During the quarter, the company completed five acquisitions with current annual revenues of approximately $16 million...Read More »



Ecology and Environment Releases Fiscal 2004 Results

Ecology and Environment, Inc. (Amex: EEI) has reported results for the fiscal year ended July 31, 2004. Net revenues for the year were $89.5 million, up 2 percent from the $87.8 million for 2003. Net income for the year was $2.4 million, or $0.60 per share, compared to a loss of $1.2 million, or $0.30 per share, in 2003. Company officials noted that new contracts in Saudi Arabia accounted for the majority of the increase...Read More »



Startech Arranges First Australian Purchase Of Plasma Converter

Startech Environmental Corporation (OTC: STHK) has received an initial $250,000 down payment from Plastech Solutions, Ltd. of New South Wales, Australia, for the purchase of its first Plasma Converter System. Plastech will serve as Startech's exclusive distributor for 10-ton-per-day plasma converters in Australia and New Zealand...Read More »



Grace Is Target Of Federal Grand Jury Investigation

W.R. Grace and Co. (www.grace.com) has reported that it has been named a target of a federal grand jury investigation which could be related to its former vermiculite mining and processing activities in Libby, Montana. The investigation involves possible obstructions of justice, violations of federal environmental laws, and conspiracy to violate those environmental laws. Grace owned and operated the vermiculite mine in Libby from 1963 to 1990; vermiculite ore found there was contaminated with a form of asbestos that spread throughout the town of Libby. The bankrupt company is currently appealing a ruling from the District Court of Montana ordering it to pay $54.5 million in cleanup reimbursement...Read More »



Hurricane Cleanup Boosts Waste Management Earnings

Waste Management's third-quarter earnings, boosted by cleanup revenues from four Florida hurricanes, rose by 44 percent. Net income rose to $302 million, or $0.52 per share, from $210 million, or $0.35 per share, in the same quarter of 2003. Revenue rose 9 percent to $3.27 billion from $2.99 billion in 2003. Waste Management said that hurricane cleanup added approximately $59 million in revenue...Read More »


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