New York City recently held its final public hearing before the Mayor and City Council approve a contentious overhauling solid waste plan that was originally presented in October 2004. Mayor Bloomberg's plan is intended to improve the flow of waste by stipulating the construction of four city-owned marine transfer stations. As would be expected, objections to the plan come from residents whose neighborhoods would host these facilities. Sanitation Commissioner John J. Doherty called it a very sensitive issue in which "Garbage rises to the top very quickly…especially in your neighborhood."...Read More »
Veolia Environnement recently purchased Cleanaway, Brambles' United Kingdom based waste business for $1.09 Billion. The sale is part of a previously announced divestiture in which Brambles hopes to focus on its CHEP pallets and document management operations. Consequently, the deal comes on the heels of the sale of Cleanaway Australia and material handling and logistics unit Industrial Services to private equity firm Kohlberg Kravis Roberts & Co. Cleanaway UK is one of the largest collectors of municipal, commercial, and industrial waste in England and Wales and operates a fleet of approximately 2,000 vehicles. Veolia Environnement is an environmental services company with more than 270,000 employees worldwide...Read More »
Veolia Environnement has changed the names of Onyx North America and its four business units to operate under the Veolia Environmental Services brand. The name change is part of a larger global rebranding strategy intended to unify and solidify the Company's fully integrated environmental solutions capabilities to its clients worldwide...Read More »
Allied Waste Industries, Inc. (NYSE: AW) will report financial results for the second quarter 2006 after the close of the stock market on Tuesday, August 1, 2006 and host a conference call to discuss the results at 5 p.m. Eastern Time...Read More »
Waste Management, Inc. (NYSE: WMI) will host a conference call on Friday, July 28th, 2006 at 10 a.m. ET to discuss second quarter financial results, which will be released before the market opens that day. The public is invited to listen to the call either by visiting www.wm.com on the internet or via telephone by dialing 877.710.6139 5-10 minutes prior...Read More »
Waste Services, Inc. (Nasdaq: WSII) will announce Second Quarter Earnings on Tuesday, July 25th, 2006 at the close of markets. A discussion of these results via conference call will follow the next day at 8:30 a.m. Eastern Time.
The company closed on a previously announced acquisition of Sun Country Materials, LLC, owner of a C&D landfill in Hillsborough County Florida that recently received an expansion permit. The Company also recently performed a 3 for 1 reverse stock split that became effective on June 30, 2006...Read More »
American Ecology Corporation (Nasdaq: ECOL) plans to release second quarter earnings on Tuesday, July 18th, 2006 at 2 p.m. Mountain Time and will host a conference call on the following day at 9 a.m. Interested parties may join the call by dialing 866.261.3296. A replay will be available on the company's website: www.americanecology.com/investor/.
The company recently announced a $0.15 quarterly cash dividend and the appointment of new Vice President, Controller, Treasurer and Chief Accounting Officer Jeffrey R. Feeler to replace Michael Gilberg effective July 28, 2006...Read More »
Allied Capital Corporation (NYSE: ALD) recently invested $66.5 million in the management buyout of MHF Logistical Solutions, a Pennsylvania based third-party environmental logistics firm. The investment took the form of second lien notes, senior subordinated notes, and non-voting common equity.
MHF (mhfls.com) packages, transports and disposes of low-level radioactive waste, non-radioactive hazardous waste, non-hazardous waste and other bulk materials. Allied Capital Corporation (www.alliedcapital.com), with total assets of more than $4 billion, provides long-term debt and equity capital to middle market companies in support of management and sponsor-led buyouts, recapitalizations, growth and acquisitions...Read More »
HP (NYSE: HPQ) is expanding its product return and recycling program to reach more customers and create new ways for people to discard used and unwanted electronic equipment. HP wants to enhance its commitment to protecting the environment by staging a series of product collection events. Customers can drop off a broad range of products from any manufacture at no charge. Products are processed at approved recycling facilities that meet HP standards. HP, which has already recycled 750 million pounds of hardware globally, expects to have recycled 1 billion pounds by the end of 2007...Read More »
Waste Management Inc. has teamed up with Keep America Beautiful to promote "cleaner, greener communities" through sustainable, local solutions. The 2006 program involves 35 grants to organizations within Keep America Beautiful's national Network for a wide variety of stewardship, community outreach and educational projects. The move by Waste Management is but the latest in an ongoing initiative to reshape the company's image, especially at a time of heightening environmental awareness...Read More »