Intel RECYCLES Plastic Waste and 4 Heavily Traded Shares Buzzing Mid-Week
Cemex SAB de CV (NYSE:CX): CEMEX, S.A.B. de C.V. announced that CEMEX Latam Holdings, S.A., a wholly-owned subsidiary of CEMEX Espaa, S.A., presented an application to the Superintendencia Financiera de Colombia to list their shares on the Colombian stock exchange. They also would like to offer a minority of CEMEX Latam’s shares to investors at a public offering in Colombia, and in a concurrent private placement, to eligible investors outside of Colombia. CEMEX Latam’s assets are expected to include all of their assets in Central and South America, not including Mexico. This application is one component of the previously announced asset sale alternatives that CEMEX is pursuing in connection with their ongoing initiative to reduce debt and extend their debt maturities. CEMEX continues to pursue their previously announced asset sale alternatives and ultimate implementation of any of such alternatives which include the potential sales of a minority stake in operations to select countries.
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Nokia Corporation (NYSE:NOK): According to Bloomberg, Verizon Wireless (NYSE:VZ) plans to sell a new Nokia Corporation (NYSE:NOK) phone with Microsoft’s (NASDAQ:MSFT) Windows 8 software this year, the first time they have released a Windows device since May 2011.
Cisco Systems, Inc. (NASDAQ:CSCO): Manila Electric Co., or Meralco, the Philippines’ largest distributor of electrical power, and Cisco Systems, Inc. are collaborating on a holistic approach to provide reliable computing and networking infrastructure as a foundation for operations on a smart grid. Investing in enterprise computing and smart grids will enhance automation and intelligence at critical points within the Meralco network and this will enable the company to achieve higher efficiency in utility operations and deliver better services to customers.
Genon Energy Inc (NYSE:GEN): NRG Energy Inc.’s (NYSE:NRG) plan to acquire rival GenOn Energy Inc. (NYSE:GEN) in a $1.7 billion all-stock deal appeared to resonate with investors Monday, as both companies’ shares rallied despite a broad downturn in United States stocks. The firms said that they expect this acquisition to bring in $300 million a year in savings from lower administrative as well as financial costs and create the largest competitive power company in the U.S.
Intel Corporation (NASDAQ:INTC): Americans generated almost 31 million tons of plastic waste in 2010 according to the EPA, which represents almost 12.4 % of municipal solid waste. Only 8% of all that plastic was recycled. Every pound of recycled plastic used reduces energy use in plastic production by 84% and decreases greenhouse gas emissions by 71%. Intel Corporation is trying to “Keep America Beautiful,” by recycling waste that has been made by their Chandler, Arizona factory. They have turned this scrap into plastic pencil boxes.
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