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Chevron Corporation (NYSE:CVX) has paid the state of Utah $1.8 million in a resolution reached after the state alleged that the company collected money from a cleanup fund meant only for firms without insurance. The Utah attorney general’s office says that Chevron misrepresented the fact that it had coverage when it applied for reimbursement from the fund which was set up for the cleanup of leaky underground storage tanks.
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General Electric Company’s (NYSE:GE) GE Capital Healthcare Financial Services reported that it is serving as administrative agent on a $65 million senior secured credit facility for National Hospice Holdings which conducts business as Life Choice Hospice. The financing supports Life Choice’s purchase of SolAmor Hospice Corporation from Genesis HealthCare. GE Capital Markets served as the only lead arranger and bookrunner on the facility.
International Business Machines Corp. (NYSE:IBM) believes that enhanced computer learning and the ability to “feel” objects through smartphones are two of the developments which are likely to occur during the next five years, adding that computers will be able to understand sounds more effectively and that they will also be able to create new and better foods as well.
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