Tsunami Aid From Private Sector Is Growing
Wells Fargo (WFC), Sun Life Financial (SLF) and Canadian Imperial Bank of Commerce (BCM) will each contribute $100,000. Toronto Dominion Bank (TD) of Canada is donating $250,000.
Other companies making significant monetary donations include Nike (NKE), General Electric (GE), American Express (AXP), Walt Disney Co. (DIS) and First Data (symbol), which are each donating $1 million. Cisco says the networking company and its employees are donating about $2.5 million.
ExxonMobil (XOM)is contributing $5 million and will match donations by its employees. The oil company employs about 5,000 people in the affected countries.
The Bill and Melinda Gates Foundation, a not-for-profit founded by Microsoft (MSFT) Chairman Bill Gates, is giving $3 million.
Ace (ACE), the insurance company, said it would match donations to any relief fund made by its employees. American International Group (AIG), the world's biggest insurer, said it also with match employees donation. The Starr Foundation, an organization affiliated with AIG, is contributing $2.5 million. The insurance industry is not expected to take a big financial hit from the earthquake and tsunami because the number of policies issues in the affected countries is relatively small. General Motors (GM) is donating $1 million and is matching employee donations. Other companies are donating services and goods. PepsiCo (PEP) and Coca-Cola (KO) are donating thousands of cases of bottled water. Kimberly-Clark (KMB) is donating diapers, surgical gloves and other health care products. FedEx (FDX) is shipping supplies to several affected countries on behalf of a number of relief agencies. Starbucks (SBUX), in addition to a $100,000 contribution, says it will begin donating $2 from the sale of every pound of Sumatra coffee it sells to the relief effort. The top of Amazon.com (AMZN) contains an appeal for contribution and allows visitors to make a direct donation to the American Red Cross. As of this morning, the online retailer had collected $4.3 million from 71,724 contributors. The nation's biggest retailer, Wal-Mart is contributing $2 million to the Red Cross. The company also said it wouldSelect the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
TheStreet Quant Ratings
TRY IT FREENew! $49.95/yr
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
Product Features:
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Dividend Stock Advisor
TRY IT FREEJim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV