Wednesday, March 16, 2011

Wells Fargo (WFC), Medtronic (MDT), General Mills (GIS) Latest to Offer Aid to Japan

As needs of Japan pile up, a growing number of corporations, including Wells Fargo (NYSE:WFC), Medtronic (NYSE:MDT) and General Mills (NYSE:GIS), are pledging dollars for aid.

Wells Fargo announced it would contribute as much as $1 million, with $500,000 going immediately to the American Red Cross to support the Japan Earthquake and Pacific Tsunami Fund. The bank added it would also match contributions from employees dollar for dollar, up to another $500,000.

General Mills said it pledged $650,000 to the Red Cross International Disaster Response Fund, while committing to match employee and retiree gifts to the Red Cross up to an additional $100,000.

Medtronic said it has committed $1 million in direct grants, employee matching grants and product donations. The company said the direct grants would go to organizations aiding relief efforts.

General Mills closed Tuesday at $36.55, down $0.37, or 1.00 percent. Medtronic closed at $37.31, falling $0.52, or 1.37 percent. Wells Fargo closed at $32.27, gaining $0.17, or 0.53 percent.

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