Bank of America Expands Hybrid Vehicle Program Nationally

Bank of America is expanding its program to reimburse $3,000 to employees that purchase a new hybrid vehicle. The program will now be available to more than 185,000 U.S.-based employees. Last June, the company introduced the program to associates living within 90 miles of the three pilot program cities, Boston, Charlotte, and Los Angeles. “Our associates were very enthusiastic about this program and have responded well to the opportunity,” said Anne Finucane, Bank of America chief marketing officer and head of the company’s environmental council. “In fact, since we launched the program and within the three cities where it was piloted, hybrid vehicle purchases by our associates have more than quadrupled.” The company will continue to evaluate the program, assessing how it could be rolled out to associates outside of the U.S. The program mirrors the Internal Revenue Service’s hybrid vehicle tax credit program and applies toward a new hybrid vehicle as defined by the agency. All full-time and part- time, U.S.-based associates working at least 20 hours per week are eligible.

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SunPower prices $175M Debenture Offering

SunPower Corp. (Nasdaq: SPWR) has priced its public offering of $175 million of 1.25% senior convertible debentures due 2027. SunPower has also granted the underwriters of such offering an option to purchase up to an additional $25 million aggregate principal amount of the debentures. The solar cells and panels maker said it is also offering up to 2.9 million shares of its class A common stock, all of which are being borrowed by an affiliate of Lehman Brothers Inc. Closing of the public offering is expected to occur on February 7. SunPower intends to use the net proceeds for general corporate purposes, including working capital and capital expenditures.

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Intechra Closes Aquisitions

Intechra, the nation’s largest e-waste recycling company, announced the completion of its acquisition of three companies from Chasm Holding Corp. The acquisitions give Intechra a presence across the U.S. to recover end-of-life computers and related electronics. EPC, Los Angeles, Calif. Market2Market, Columbus, Ohio SpaceFitters, Hartford, Conn. These companies complement Intechra’s existing operations in Columbus, Ohio; Dallas, Texas; Casa Grande, Ariz.; and Phoenix, Ariz. The processing centers in Hartford, Columbus, Dallas, and Phoenix handle remanufacturing and remarketing and can process about 335,000 assets each month, including computers, monitors, laptops, routers, servers, etc. The recycling centers in Casa Grande and Los Angeles and a recycling operation in the Dallas facility can together recycle about nine million pounds of electronic assets per month. “Combining the capabilities and employees of these companies with Intechra creates a vertically integrated company with a full complement of remarketing, recycling and refurbishment services. We are particularly excited about our added recycling capability because environmental compliance is becoming more important to our clients,” said Chip Slack, Intechra CEO. Intechra is the only ITAD provider to be vertically integrated and have locations from coast to coast. Geographic proximity reduces shipping costs for clients while increasing speed to market for remarketed […]

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NFL Promises Green Super Bowl

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