Teva makes the switch from NASDAQ to NYSE
NEW YORK — Teva Pharmaceutical Industries has transferred its stock listing from NASDAQ to the New York Stock Exchange, the drug maker said Wednesday.
The company began trading on the NYSE under the ticker symbol "TEVA." On hand Wednesday to ring the Opening Bell and celebrate the company’s first day of trading on NYSE were Teva’s new president and CEO Jeremy Levin, as well as board chairman Phillip Frost, CFO Eyal Desheh, Teva Americas CEO William Marth and employees from Teva’s businesses around the world.
“We are pleased to partner with the NYSE and begin using their state of the art trading platform and market research,” Frost said. “We are joining a network of true innovators and leaders listed on the NYSE.”
Teva said it is the second-largest company to transfer its stock listing to the NYSE from NASDAQ.
Mars Chocolate on track to purchase nearly 90,000 metric tons of certified cocoa
MOUNT OLIVE, N.J. — Mars Chocolate said it has made "significant progress" towards fulfilling its pledge to purchase its entire cocoa supply from certified sustainable sources by 2020.
Mars’ Sustainable Cocoa Initiative, which was established in 2009, since has met its 2011 goal of purchasing 10% of its total cocoa supply as certified sustainable. In 2012, Mars Chocolate said it will exceed its original target of 20%, making it the largest user of certified cocoa in the world. Based on current buying arrangements, the company projects that they will purchase nearly 90,000 tons of certified cocoa.
"We are pleased to have reached another critical milestone in our Sustainable Cocoa Initiative," said Barry Parkin, global procurement and sustainability head for Mars Chocolate. "A successful certification program is so important to our effort because it is the most effective tool we currently have to reach millions of cocoa farmers at scale. It took a lot of hard work from farmers, certifiers, and others along the supply chain to meet this milestone, and we are pleased to see their energy paying off."
For more information on the company’s effort supporting cocoa sustainability, click here.
ConAgra Foods Foundation donates grants to local nonprofits to end child hunger
OMAHA, Neb. — The charitable arm of ConAgra Foods announced the donation of nearly $500,000 to support the fight to end child hunger.
Through its Community Impact Grants program, the ConAgra Foods Foundation said 13 nonprofit organizations across 10 states were awarded $20,000 to $75,000 grants with the goal of finding innovative approaches to addressing child hunger. Since 2009, the ConAgra Foods Foundation’s Community Impact Grants program has invested approximately $1.4 million in 31 nonprofit organizations across the country.
"We are dedicated to ending child hunger and by partnering with these 13 organizations, whose programs have a direct impact on the lives of the more than 16 million children in the U.S. facing food insecurity, we’re able to support this important cause," ConAgra Foods Foundation and Cause VP Kori Reed said. "With more than 1-in-5 American children at risk of hunger, we recognize the need to seek out and invest in the most promising practices in child hunger relief and nutrition education."