3 Dow Heavyweights Drag the Market Lower Thursday

Cisco Systems (NASDAQ:CSCO) is seeing the exit of the top executive in the company’s struggling collaboration business division. Senior Vice President and General Manager of the Collaboration Technology Group, O.J. Winge, is leaving Cisco “for personal reasons,” said Marthin De Beer, who is senior vice president, video and collaboration group, in a Wednesday blog post.

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General Electric Company (NYSE:GE) reports that the Italian custom door and furniture maker ICM has deployed its clean cycle heat-to-power generators so as to produce renewable on-site power. GE’s two 125-kilowatt clean cycle heat-to-power organic rankine cycle generators along with a superheated water wood boiler have been installed at ICMs’ manufacturing facility in Brugnera, located in the northern province of Pordenone. This new biomass boiler system converts wood waste produced at the plant into renewable energy through which to heat and drive the facility. The solution includes piping, heat exchangers, a cooling tower and service support.

Exxon Mobil Corporation (NYSE:XOM) is in talks with CBM Asia Development to farm into three ongoing coalbed methane production sharing contracts in the Barito Basin, South Kalimantan, Indonesia, and to obtain the rights to farm into certain additional contracts in the Kutai Basin, East Kalimantan. CBM Asia and Exxon Mobil would possess equal ownership interest in each of the contracts if the talks are successful.

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