108 articles for

August 2009

CINTAS CORP: Spends $19M in Fiscal ‘09 for Environmental Issues

Cintas Corporation says that its environmental spending related to water treatment and waste removal was about US$19 million in fiscal 2009 and about US$17 million in fiscal 2008.

The Company is subject to various environmental laws and regulations, as are other…

FEDERAL-MOGUL: Facing Cases in Ohio, Mich. Over Prior Operations

Federal-Mogul Corporation is a party to two lawsuits, one each in Ohio and Michigan, relating to insurance indemnification for costs arising from environmental releases from industrial operations of the Predecessor Company prior to 1986.

In the Ohio lawsuit brought by the…

COCA-COLA ENTERPRISES: Still a PRP at Superfund Sites on July 3

At July 3, 2009, two U.S. state superfund sites for which Coca- Cola Enterprises Inc. and its bottling subsidiaries’ involvement or liability as a potentially responsible party (PRP) were unresolved.

In addition, the Company or its bottling subsidiaries have been named…

GOODYEAR TIRE: Cites $44Mil Environmental Liabilities at June 30

The Goodyear Tire & Rubber Company has recorded liabilities totaling US$44 million at June 30, 2009 and US$40 million Dec. 31, 2008 for anticipated costs related to various environmental matters, primarily the remediation of numerous waste disposal sites and certain…

CORNING INC: Accrues $24Mil Envt’l. Cleanup Liability at June 30

Corning Incorporated had accrued about US$24 million at June 30, 2009 and US$21 million at Dec. 31, 2008 for the estimated liability for environmental cleanup and related litigation.

The Company has been named by the Environmental Protection Agency under the Superfund…

OMNICARE INC: Has $1.2M Pretax Charges for Heartland in June 30

Omnicare, Inc., for the three months ended June 30, 2009, recorded US$1.2 million (pretax) as special charges for additional costs precipitated by the quality control, product recall and fire damage issues at its Heartland Repack Services facility.

Of this amount, about…

EASTMAN KODAK: Settles Rochester, N.Y., Plant Action for $63,792

Eastman Chemical Company and the U.S. Environmental Protection Agency have reached an agreement to settle, for US$63,792, an environmental claim over the Company’s primary manufacturing facility in Rochester, N.Y.

On April 14, 2009, the EPA commenced an administrative enforcement action against…

TESORO CORP: Accrues $84M at June 30 for Golden Eagle Liability

Tesoro Corporation’s accruals for environmental liabilities at its Golden Eagle refinery totaled US$84 million at June 30, 2009 and US$87 million at Dec. 31, 2008.

The Company received US$58.5 million in a settlement with a prior owner of its Golden Eagle…

COVIDIEN PLC: Mallinckrodt Action on Maine Site Dismissed May 20

The U.S. District Court for the District of Maine, on May 20, 2009, issued an order dismissing an environmental lawsuit filed by Covidien plc subsidiary, Mallinckrodt LLC, and United States Surgical Corporate on abstention grounds.

Mallinckrodt owned and operated a chemical…

HARTFORD FIN’L: Records $257M Environmental Liability at June 30

The Hartford Financial Services Group, Inc.’s environmental liability was US$257 million for the three and six months ended June 30, 2009.

Net paid losses and loss adjustment expenses for environmental matters were US$7 million as of June 30, 2009.

Based in Hartford,…

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