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Waste Business Journal Weekly News Bulletin: Aug. 20-26, 2003

Headlines...

  1. Waste Industries, NC State Introduce New Football Game Recycling Program
  2. Tetra Tech Receives $65m Processing Order For Iraq Weapons
  3. Nasdaq Grants Earthshell Extension To Maintain Listing
  4. Appeals Court Orders Review of Valdez Award
  5. EPA Rolls Out New Clean Air Rules
  6. Waste Industries Acquires Waste Watchers

 

  1. Waste Industries, NC State Introduce New Football Game Recycling Program

    Waste Industries USA, Inc. (Nasdaq: WWIN) has announced the formation of a partnership arrangement with the North Carolina State University Office of Waste Reduction and Recycling, the "Chuck It" recycling program. Named after head football coach Chuck Amato, the program will be introduced at the North Carolina State University's home football games this fall. Program officials say "Chuck It" has the potential to divert more than 50 tons of material from the landfill over the course of this season...Read More »

  2. Tetra Tech Receives $65m Processing Order For Iraq Weapons

    Tetra Tech Inc. (Nasdaq: TTEK) has received a $65 million work order to provide services to process enemy munitions in Iraq. The company will receive enemy munitions from U.S. military personnel, determine whether the munitions are serviceable or not, and destroy selected munitions. The remainder of munitions will be stockpiled under U.S. control until further disposition is determined. The work will begin immediately and continue over the next 12 months. This marks the largest single work assignment the company has ever received...Read More »

  3. Nasdaq Grants Earthshell Extension To Maintain Listing

    EarthShell Corporation (Nasdaq: ERTH), a producer of environmentally-minded food service packaging, has announced that Nasdaq has provided an additional 90 days for the company's securities to achieve the minimum bid price requirement of $1.00 per share for ten consecutive days on The Nasdaq SmallCap Market. EarthShell Corporation is now engaged in the licensing and commercialization of proprietary composite material technology for the manufacture of foodservice disposable packaging...Read More »

  4. Appeals Court Orders Review of Valdez Award

    A federal judge in Alaska will take another look at the $4 billion punitive damages awarded from the 1989 Exxon Valdez oil tanker spill. The U.S. District Court judge will look at the case again in the wake of a recent U.S. Supreme Court case, Campbell v State Farm, which limited punitive damages. The original punitive damages award against tanker operator ExxonMobil (NYSE: XOM), was $5 billion, but that was reduced to $4 billion last year. Exxon officials plan to argue that in light of the State Farm case, damages should be less than $40 million. The company has said it paid out $300 million voluntarily to more than 11,000 Alaskans and businesses affected by the 11-million gallon spill from the Valdez, which was the worst from a tanker in U.S. waters...Read More »

  5. EPA Rolls Out New Clean Air Rules

    The Bush administration this week will announce revisions to clean air rules which will make it easier for power plants and refineries to repair and upgrade facilities. But environmental groups have said they believe the change will lead to more air pollution. The Environmental Protection Agency's final rule would let industrial facilities make some upgrades without installing potentially expensive pollution-fighting equipment. EPA Acting Administrator Marianne Horinko said the new rule "could result in more efficient operations of such facilities and, in the case of power plants, safer, more reliable operations with greater (power supply) availability."...Read More »

  6. Waste Industries Acquires Waste Watchers

    Waste Industries USA Inc (Nasdaq: WWIN) has announced that it will acquire Waste Watchers LLC in a cash deal designed to expand its share in the South Carolina market. The acquisition is expected to generate $2.3 million in annual revenue. Waste Industries has acquired more than 70 trash companies since 1990. Waste Watchers, which has operations in Charleston, South Carolina, was established in 2000...Read More »

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