Business

First new over-the-counter treatment for frequent heartburn sufferers in six years

Basel, November 12, 2009 - Novartis announced the availability of Prevacid®24HR (lansoprazole delayed-release capsules 15 mg/acid reducer) over-the-counter in pharmacies and retail stores across the US to treat frequent heartburn. Prevacid®24HR received US Food and Drug Administration (FDA) approval in May 2009. It is the first and only over-the-counter (OTC) Proton Pump Inhibitor (PPI) for the treatment of frequent heartburn in its original formulation.    » read more »

Philadelphia, PA (November 11, 2009) – Results from a large, retrospective analysis of inmates with a serious mental illness (SMI) underscores the financial burden of mental illness on the criminal justice and health and human services (HHS) systems, and may provide useful information to policy makers. The results of the analysis, which evaluated patterns of arrest, utilization of services, and corresponding expenditures among nearly 3,800 inmates in a large urban county of Florida, were presented this week at the 137th American Public Health Association (APHA) Annual Meeting & Exposition.    » read more »

Chocolate manufacturing plant starts taking full output from 2 MW solar garden

(November 9, 2009 - Hackettstown, N.J.) – Red, Yellow and Ms. Green M&M’S® Spokescandies mingled with government officials and executives from MARS and PSEG today at an event in Hackettstown celebrating the completion of a new solar garden. The project is the largest solar facility installed in New Jersey by a food manufacturing plant, and it is the first project completed by PSEG Solar Source, a subsidiary of PSEG.    » read more »

HFO-1234yf Has Lower Global Warming Potential Than Current Refrigerant

Wilmington, Del., Nov. 10, 2009 - DuPont applauded the European Patent Office for its plans to grant a patent for a new, low-global-warming automotive air conditioning refrigerant. DuPont and Honeywell, working with the auto industry, jointly led the development of the new product, HFO-1234yf. DuPont will have access to Honeywell’s patent worldwide.    » read more »

New Plant to Feature Environmental and Operational Technology Advancements

LEHIGH VALLEY, Pa. (November 9, 2009) – Air Products (NYSE: APD), the leading global hydrogen provider, today announced a long-term supply contract and plans to build a new world-scale hydrogen production plant to serve ExxonMobil’s (Esso) Rotterdam refinery in The Netherlands and additional customers in the region. The plant will feature technology advancements to maximize facility energy efficiency and emission reductions. It will be connected to Air Products’ extensive Rotterdam hydrogen pipeline network system and is expected to be on-stream in the second half of 2011.    » read more »

WASHINGTON, Nov. 10, 2009 -- A team led by Raytheon Company (NYSE: RTN) has been awarded a contract to help the Defense Information Systems Agency develop integrated network operations situational awareness (NetOps SA) across Department of Defense classified and unclassified cyber networks.

Under the $28 million award, Raytheon and its teammates will provide a cybersecurity solution that will, among other things, enable the Department of Defense to quickly detect network intrusions and assess the overall health of its network.    » read more »

TORRANCE, Calif., November 11, 2009 - - Toyota Motor Sales, USA, Inc. (TMS) announced today that it has joined U.S. Environmental Protection Agency’s (EPA) WasteWise program. As the first national voluntary solid waste reduction program, WasteWise encourages organizations to reduce municipal solid waste through waste prevention, recycling and buying or manufacturing recycled products.

“The WasteWise program is a great opportunity to recognize the efforts of Toyota associates that contribute to our waste reduction and recycling efforts every day,” said Bob Wade, corporate manager of environmental, hazardous material and safety.    » read more »

New Hires to Help Families Buy, Refinance Homes

Iselin, N.J., November 10, 2009 - Chase, one of the nation's leading home lenders, today announced that it plans to hire 1,200 mortgage loan officers by the end of 2010, increasing the sales force 60 percent to help more Chase customers finance home purchases or reduce their monthly payments through refinances.

"We have made a number of strategic investments in our organization," said Dave Lowman, head of home lending at Chase. "We have invested in new systems, aggressively grown our capacity and now are looking to increase our sales force. With our vast branch network and growing customer base, the opportunity for Chase loan officers is tremendous."    » read more »

Will create networking industry powerhouse with a proven, edge-to-data center set of solutions and global reach

PALO ALTO, Calif., and MARLBOROUGH, Mass., Nov. 11, 2009 -- HP and 3Com Corporation (NASDAQ: COMS) (“3Com”) today announced that they have entered into a definitive agreement under which HP will purchase 3Com, a leading provider of networking switching, routing and security solutions, at a price of $7.90 per share in cash or an enterprise value of approximately $2.7 billion. The terms of the transaction have been approved by the HP and 3Com boards of directors.    » read more »

Raises Fiscal Year 2010 Earnings and Revenue Outlook

PALO ALTO, Calif., Nov 11, 2009 -- HP (NYSE: HPQ) today announced preliminary results for the fourth fiscal quarter 2009, with revenue of $30.8 billion, down 8% from a year earlier; down 5% when adjusted for the effects of currency and up 12% sequentially.    » read more »

Wind Capital Group’s Lost Creek Project to Produce Enough Power for 50,000 Homes

SCHENECTADY, N.Y.--Wednesday, November 11, 2009-- In an effort to meet Missouri’s ongoing renewable energy goals, Wind Capital Group is developing the state’s largest wind project, Lost Creek, with the support of GE’s (NYSE: GE) 1.5-megawatt wind turbine technology.

The Lost Creek project supports Missouri’s Clean Air Initiative, which calls for 15 percent of the state’s power to be generated from renewable resources by the year 2021. When it enters commercial service in the spring of 2010, the project will have the capacity to generate 150 megawatts (MW) of electricity, enough to power more than 50,000 homes.    » read more »

Ceremony Marks the Full Operation of China’s First Integrated Refining and Petrochemical Complex with Foreign Participation

QUANZHOU, FUJIAN PROVINCE, China--(BUSINESS WIRE1)--ExxonMobil2 and its partners, Sinopec, Fujian Province and Saudi Aramco, today celebrated the full operation of China’s first integrated refining and petrochemical facility with foreign participation. This facility, the Fujian Integrated Refining and Ethylene Joint Venture Project, will help meet the region’s growing need for fuels and chemical products.    » read more »

Washington, D.C., Nov. 10, 2009 — The Securities and Exchange Commission today charged the former chief financial officer of a New York-based hedge fund with securities fraud for arranging secret sales of securities from his personal trading account to the hedge fund accounts at inflated prices to generate his own illicit profits.    » read more »

Proposal to Create a Sound Economic Foundation to Grow Jobs, Protect Consumers, Rein in Wall Street, End Too Big to Fail, Prevent Another Financial Crisis

November 10, 2009 -- Today Senate Banking Committee Chairman Chris Dodd (D-CT) was joined by fellow committee members Jack Reed (D-RI), Charles E. Schumer (D-NY), Robert Menendez (D-NJ), Daniel K. Akaka (D-HI), Jon Tester (D-MT), Mark Warner (D-VA), Jeff Merkley (D-OR) and Michael Bennet (D-CO) to unveil a tough, bold bill to reform the way that our financial system is regulated.    » read more »

Cantwell Introduces Legislation to Help Stop Abusive Speculation Practices

November 10,2009 -- WASHINGTON – Today, U.S. Senator Maria Cantwell (D-WA), together with Senators Ron Wyden (D-OR) and Bernie Sanders (I-VT), proposed legislation empowering state gambling regulators and attorneys general to examine unregulated derivatives trading and take appropriate action to protect citizens from practices which can harm the foundations of our economy. As part of a broader effort by Congress to pass comprehensive financial regulatory reform, Cantwell’s proposal treats derivatives trading for what it is: a sophisticated form of gambling.    » read more »