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Waste Business Journal Weekly News Bulletin: Jan. 27-Feb. 2, 2005

Headlines...

  1. ReCellular Inc. Collects 10 Millionth Cell Phone
  2. Allied Waste Reports Turnaround From Fourth Quarter 2003
  3. Asbestos Companies Criticize Senate Fund Plan
  4. RecycleNet Enjoys Large Increase In Network Traffic
  5. Pennsylvania Republicans Roll Out New Environmental Proposal
  6. Waste Management Announces New Member Of Board of Directors
  7. Metal Management Reports Third-Quarter Profits

 

  1. ReCellular Inc. Collects 10 Millionth Cell Phone

    ReCellular Inc. has announced that it has collected its 10 millionth phone in company history. In addition, the company announced that its charitable phone collection programs have sent more than $15 million to charities since 1999. ReCellular brings in phones from more than 40,000 drop-off locations across the United States and Canada through partnerships with Motorola, Verizon Wireless, Sprint, T-Mobile, Best Buy, the Rechargeable Battery Recycling Corporation, Bell Mobility, and others...Read More »

  2. Allied Waste Reports Turnaround From Fourth Quarter 2003

    Allied Waste Inc. has reported small fourth-quarter profits, a reversal of a large loss a year ago. The company reported fourth-quarter earnings of $12 million, or 4 cents per share, as compared with the year-ago loss of $523.2 million, or $2.38 a share. That charge included a $2.34 per share charge to convert preferred stock and retire debt. However, analysts surveyed by Thomson First Call had predicted the company would report earnings of 7 cents a share...Read More »

  3. Asbestos Companies Criticize Senate Fund Plan

    A group of asbestos defendant companies and insurers has publicly declared its opposition to a Senate proposal that would curb asbestos claims. The group sent a letter dated Jan. 28 to Senate Judiciary Committee Chairman Arlen Specter (R-Pa.) criticizing plans for a compensation fund to replace asbestos suits. The group, which calls itself the Coalition for Asbestos Reform, recommends that rather than set up a $140 billion fund, the Senate should consider other solutions, such as legislation setting medical criteria for asbestos victims to bring claims against companies. Signatories included American International Group Inc., Chubb Corp., A.W. Chesterton Co., and the Associated General Contractors of America...Read More »

  4. RecycleNet Enjoys Large Increase In Network Traffic

    RecycleNet Corporation (OTCBB: GARM) has announced a substantial increase in its online network traffic during 2004. Traffic on the RecycleNet Network increased 24.91% in 2004 to 83 million page views. RecycleNet operates the world's leading online trading platform for recyclable industrial materials such as glass, metal, rubber, paper, wood and plastic, along with used vehicles and equipment. Generators, brokers, dealers, processors and consumers use RecycleNet's trading websites to buy, sell and trade recyclable materials and used items...Read More »

  5. Pennsylvania Republicans Roll Out New Environmental Proposal

    Pennsylvania House Republicans have unveiled an environmental preservation proposal designed as an alternative to Democratic Gov. Ed Rendell's environmental plan that involves additional taxes and tipping fees. The Republicans' "Green PA" plan would designate more than $2 billion for environmental programs such as open space preservation, watershed protection, hazardous site cleanup, and brownfields reclamation...Read More »

  6. Waste Management Announces New Member Of Board of Directors

    Waste Management Inc. (NYSE: WMI) has announced that Thomas H. Weidemeyer, formerly senior vice president and chief operating officer of United Parcel Service Inc. and president of UPS Airlines, was elected to Waste Management's Board of Directors. In related news, the company declared a quarterly cash dividend of $0.20 per share payable on March 24...Read More »

  7. Metal Management Reports Third-Quarter Profits

    Metal Management Inc. has announced that its third-quarter profit more than doubled on increased demand for scrap metal. For the three months ended Dec. 31, net income rose to $29.5 million, or $1.19 per share, from $12.6 million, or 54 cents per share, a year ago. Sales grew 74 percent to $447.6 million from $257.7 million. The company's third-quarter ferrous and nonferrous yard shipments rose 6 percent to more than 1.1 million tons and 115.4 million pounds...Read More »

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