The short-term rating expires on June 24 2010 the stated expiration date asdefined
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The short-term rating expires on June 24, 2010, the stated expiration date asdefined in the SBPA, or if such date is extended, on the extended expirationdate, or upon any prior termination of the SBPA Citigroup Global Markets Inc. serves as Remarketing Agent for the Subseries A-7.Fitch's rating definitions and the terms of use of such ratings are available onthe agency's public site, Published ratings, criteria andmethodologies are available from this site, at all times. Fitch's code ofconduct, confidentiality, conflicts of interest, affiliate firewall, complianceand other relevant policies and procedures are also available from the 'Code ofConduct' section of this site. Fitch RatingsMario Civico, +1-212-908-0796 (New York)(for information concerning the variable rate bonds)Kathy Masterson, +1-415-732-5622 (San Francisco)(for information on the long-term rating assignedto the Los Angeles Department of Water and Power)Cindy Stoller, +1-212-908-0526(Media Relations, New York)Copyright Business Wire 2009. Marriott Named One of the '40 Best Companies for Diversity' by BlackEnterprise MagazineBETHESDA, Md., June 25 /PRNewswire/ -- Marriott International, Inc.(NYSE:MAR) announced today it has been named one of the "40 Best Companies forDiversity" by Black Enterprise magazine for the fifth consecutive year.TheJuly feature article recognizes Marriott for its board of directors andemployee base.
(Logo: http:// )"We are honored to be recognized as one of the '40 Best Companies forDiversity,'" said Jimmie Paschall, global diversity officer and senior vicepresident, external affairs for Marriott International, Inc. "With 146,000employees in 66 countries, we know that our global workforce is ourcompetitive advantage. It is also reflective of our company's culture -- richand inclusive of varying ideas, backgrounds, ethnicities, languages andgenerations. We're very proud to be recognized for it."In 2003, Marriott's Board of Directors established the Committee forExcellence, chaired today by board member Debra L. Lee, chairman and CEO ofBET Networks, to monitor the progress of the company's diversity initiatives.These initiatives are centered on Marriott's workforce, hotel ownership, andsupplier diversity programs with the goal to spend $1 billion with diversesuppliers and have 500 diverse-owned hotels opened by 2010.
To date, Marriotthas spent $500 million with diverse suppliers and more than 430 Marriotthotels are owned, operated or under development by women or minorities.The company continues to be recognized for its achievements for helping itsemployees to live, grow and be rewarded.This year, Marriott was rankedfourth on DiversityInc's "Top 50 Companies for Diversity" list and among the"Top 50 Companies for Executive Women" by the National Association for FemaleExecutives.The special report on the best companies for diversity is featured in the Julyissue of Black Enterprise magazine. The 2009 "40 Best Companies for Diversity"were determined by analyzing responses from a survey administered to majorcorporations. Black Enterprise conducted a comprehensive outreach effort tothe CEOs and diversity executives of the top 1,000 publicly traded companies,and the diversity executives of the 50 leading global companies with strongU.S operations. The complete special report, including methodology and selection criteria, isavailable in the July 2009 issue of BLACK ENTERPRISE magazine, on newsstandsJune 30.For more information on Marriott's diversity initiatives, visit Visit Marriott International, Inc (NYSE: MAR) fora company overview. SOURCEMarriott International, Inc.Dasha Ross of Marriott International, Inc., +1-301-380-8521,.
* Philadelphia-area manufacturers discover cost savings * Cultural change difficult but ally found in NFL team By Jon Hurdle WHITEMARSH, Pennsylvania, June 25 (Reuters) - Some small and medium-sized U.S. manufacturers, once skeptical about conservation efforts, say they're seeing benefits to installing equipment and implementing practices that curb energy use and save money. Executives from more than 200 Philadelphia-area companies exchanged ideas on Wednesday about how to increase profits by enacting environmentally friendly practices such as reducing waste and carbon emissions. "Sustainability is no longer a tree-hugging program," said Barry Miller, president of the Delaware Valley Industrial Resource Center, a nonprofit development corporation that organized the event "It's very good for business It helps you grow. It helps you compete." Jim Keba, vice president of operations at Sandmeyer Steel Company, a Philadelphia maker of stainless steel and nickel alloy plate, said he was initially skeptical of the need to "go green." But the resource center helped his company save $160,000 over three years by installing equipment like high-efficiency motors, low-energy lighting and modern furnaces. An assessment team said the company could cut down on waste by recycling garnet, an abrasive material used in the plate-making process, rather than sending it to a landfill The company has implemented that change, Keba said. "My mindset was, there was a cost to going green," Keba said.
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