“Funds raised will be donated to children’s charities selected by Valero employees in locations where Valero – North America’s largest refiner and marketer –
does business. This year, the $8 million for charity was raised despite a severe economic downturn and the short turnaround time between last fall’s 2008 Valero Texas Open and this year’s tournament, held in the spring for the first time in over 40 years,” Valero announced. The total is again likely to propel the Valero Texas Open to the No. 1 spot in charitable fundraising among tournaments on the PGA TOUR. Golf San Antonio, which organizes the Valero Texas Open, raises charitable dollars through its pro-am golf tournaments, the Birdies for Charity program in which nonprofit organizations solicit pledges for every birdie made during tournament week, and the Chip In for Schools program, which allows schools to sell discounted tournament tickets and keep all the proceeds. The FINANCIAL — ADB is continuing a shift in its emphasis and resources toward reducing poverty and, simultaneously, promoting environmentally sustainable growth in the Asia and Pacific region, according to a new report.
The FINANCIAL — According to RIA Novosti, the index of Russia’s leading stock exchange, the RTS, climbed above the psychologically important level of 1,000 points in early trading on May 13.