Republic Services Inc
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Industrials : Commercial Services & Supplies | Large Cap Blend
Company profile

Republic Services, Inc. is a provider of environmental services in the United States. Through its subsidiaries, transfer stations, recycling centers and landfills, it focuses on providing effective and reliable environmental services and solutions to make proper recycling and waste disposal for its customers. The Company operates through three segments Group 1, Group 2 and Environmental Solutions. Group 1 segment primarily consists of geographic areas located in the western United States. Group 2 segment primarily consists of geographic areas located in the southeastern and mid-western United States, and the eastern seaboard of the United States. Its Environmental Solutions segment provides environmental solutions for daily operations of industrial, petrochemical and refining facilities across the United States and Canada. The Company is engaged in 77 landfill gas-to-energy and other renewable energy projects and had post-closure responsibility for 124 closed landfills.

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Today's volume of 76 shares is on pace to be much lighter than RSG's 10-day average volume of 1,244,814 shares.


McDonald's set to reopen in some cities in Ukraine: Report

11:50 am ET August 11, 2022 (MarketWatch)

By James Rogers

McDonald's is set to reopen some of its restaurants in Ukraine, according to an AP report.

McDonald's Corp. is set to reopen some of its restaurants in Ukraine, according to a news report.

The fast food chain, which closed its restaurants in the country following Russia's invasion, will start reopening some restaurants in Kyiv and Lviv in Western Ukraine, the Associated Press reports. The company has 109 restaurants in Ukraine, but it is not clear how many would reopen, the report said.

McDonald's (MCD) has continued to the pay its more than 10,000 employees in the country, according to the Associated Press.

See Now: U.S. companies urged to invest in Ukraine as 'massive' reconstruction looms

Shares of McDonald's were down 0.2% in midday trading on Thursday. They have fallen 2.6% year to date, while the Dow Jones Industrial Average has declined 7.8%.

The company has not yet responded to a request for comment from MarketWatch.

The company's reported move was welcomed by Ukrainians on social media, including Oleksandr Tkachenko, the country's minister of culture and information policy.

See Now: Apple is not buying this Russian-sourced metal -- but here's why many companies may still be using it

"McDonalds reopening in Ukraine it is a good sign of economic and investment activity for other world companies," he tweeted.

"Hooray, McDonald's announced reopening in coming months in safe cities (I guess, meaning further from the frontline as there're nowhere safe because of Russian rockets). What the first thing you will order?" tweeted Kyiv-based political analyst Yarema Dukh.

McDonald's exited Russia following the country's invasion of Ukraine. In May the fast food chain said it had started the process of selling its entire portfolio of restaurants in Russia.

See Now: Apple has ended imports of gold and tungsten from Russia

U.S. companies are being urged to make major investments in Ukraine. Speaking remotely at a CEO Summit organized by Yale University earlier this year, Ukraine's President Volodymyr Zelensky told an audience of government and corporate leaders "this is our common war." Goldman Sachs Group Inc. (GS), Citigroup Inc. (C), Pfizer Inc. (PFE) and Verizon Communications Inc. (VZ) were among the companies attending the event, according to Yale.

Andy Hunder, president of the American Chamber of Commerce in Ukraine, recently told MarketWatch that the resilience of Ukraine's business infrastructure should be noted by the rest of the world.

"That ... is sending out a message to companies that aren't in Ukraine at the moment, or are looking at [Ukraine] potentially," he said. "The internet in wartime Kyiv works better than in many peacetime European capitals, the mobile network is up and running, the banks are working seamlessly."

-James Rogers


(END) Dow Jones Newswires

August 11, 2022 11:50 ET (15:50 GMT)

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