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Here’s your Cheat Sheet to the week in Dow 30 business news:
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The Coca-Cola Company (NYSE:KO) might well see increased rivalry in market share from PepsiCo (NYSE:PEP) in the nation of Myanmar as the latter is in discussions there to complete a bottling agreement, according to Reuters.
Merck & Co. (NYSE:MRK) reaches a contract extension with Orange Business Services. which is a division of France Telecom (NYSE:FTE), to secure delivery of an IP VPN though which to facilitate reliable, efficient connectivity at 180 locations across 60 countries. Merck sites employ a number of access solutions that are based on business needs from Small Office Solutions by the use of an xDSL-based 2-megabits per second connection for small to medium-sized locations and as much as Gigabit Ethernet for its mission-critical sites.
United Technologies Corporation’s (NYSE:UTX) Climate, Controls & Security division, Automated Logic, has been named by PNC Financial Services Group to supply the building automation system for The Tower at PNC Plaza. Automated Logic provides innovative building automation solutions which optimize energy efficiency while concurrently ensuring occupant comfort. Construction is already ongoing with completion expected in the summer of 2015.
Verizon Communications (NYSE:VZ) and Vodafone Group (NASDAQ:VOD), co-owners of Verizon Wireless, should receive by the end of this year an $8.5 billion dividend from the venture which will mark the second consecutive year in which the windfall will be paid. Verizon Wireless reported that this payment will be made in one or more tranches, divided in proportion to the owners’ interest in the firm. More specifically, the former owns 55 percent of the company and Vodafone 45 percent.
Exxon Mobil Corporation (NYSE:XOM) Ukraine reaches a production sharing arrangement with Exxon Mobil Corporation, Chevron Corporation (NYSE:CVX), and Royal Dutch Shell (NYSE:RDSA) through which to develop shale gas and offshore fields in the first half of December, according to the Environment and Natural Resources Minister Eduard Stavitsky to Interfax. At a Tuesday press conference, Stavitsky commented that, “I expect that we will be ready to sign PSA agreements on all three contracts in the first 10 days of December.” Ukraine relies primarily upon Russia for more than 60 percent of its gas deliveries, but wishes to develop its own reserves and to that end is trying to bring in funds and technologies from abroad.
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