- Intel Profit, Outlook Both Top Expectations; Shares Leap
- Rio Detentions Complicate China Iron Ore Negotiations
- Democratic Healthcare Bill Calls for Tax Hikes, Mandates
- Faber Report: SEC Settles with Kozlowski—Finally
- 3 Hot Stocks In An Otherwise Tepid Market
- Madoff Begins Life Sentence at Prison in Butner, NC
- US to See Slow Recovery; Inflation a Threat: Hoenig
- Yum Brands Profit Tops Forecast, But Shares Fall
- Dollar Stores: Are You Getting What You Bargained For?
- Time Warner and Comcast's Web TV Venture Gains Partners
- Intel Blows Past Earnings
- Dollar Stores: Are You Getting What You Bargained For?
- Top Bank Stock Picks — and Pans: Strategists (Pt. 2)
- Top Bank Stock Picks — and Pans: Strategists (Pt. 1)
- Buy These Discount Store Stocks: Top Analyst
- Investment Strategies Now: Bull vs. Bear Picks
- 'Twittering' One's Thumbs During Bank Robbery
- Schork Oil Outlook: 'Oil Bulls are Hanging in There by Their Fingernails'
- House Speaker Simpson defends energy symposium
- Chinese chemical plant blast kills 1, injures 108
- Former Chinese oil executive convicted of graft
- Senators back limit on tarmac strandings
- China's foreign reserves rise to $2.13 trillion
- Iowa slaughterhouse child labor trial pushed back
- Boeing memo shows plans to cut 1,000 defense jobs
- Official: Venezuelan oil workers must be socialist
- Landmark bridal boutique in Mass. to close
Covanta buys minority stake in Detroit facility
Text Size 
DETROIT - Covanta Holding Corp. on Wednesday said it purchased a 30 percent stake in an energy-from-waste facility currently operated by subsidiary Michigan Waste Energy.
Since 1991, Michigan Waste Energy has operated the facility, which annually processes about 800,000 tons of municipal solid waste, which are used to generate steam and electricity. The facility displaced more than 12 million tons of greenhouse gas emissions had the waste been landfilled, the company said.
The company did not disclose the financial terms of the deal.
Shares of Covanta rose 5 cents to $17.01 in morning trading Wednesday.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes