On Tuesday, Shares of General Electric Company (NYSE:GE), lost -0.26% to $26.57.
The members of GE’s two largest unions have voted to approve new four-year national labor contracts with GE. Union officials informed GE that voting by members of the IUE-CWA and the United Electrical, Radio and Machine Workers of America (UE) was accomplished recently, and that the national agreements have been ratified.
GE Vice President Greg Capito said, “This ‘yes’ vote is good news for GE, the unions, our employees and ultimately, our customers. We are gratified that our represented employees have solidly backed this contract that provides an excellent GE job package, while assisting the company to continue to succeed.”
Union leaders and GE reached tentative agreements on the labor contracts on June 21st after three weeks of negotiations. The unions’ bargaining committees and Conference Boards then endorsed the contracts, and the contracts were thereafter approved by membership votes in IUE-CWA and UE locals.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of Sprint Corporation (NYSE:S), inclined 0.88% to $4.56, during its last trading session.
Sprint Corporation, removes video streaming limits in response to Customer Feedback.
“At Sprint, we strive to provide customers a great experience when using our network,” said Sprint CEO Marcelo Claure. “We heard you loud and clear, and we are removing the 600 kbps limitation on streaming video.”
“During certain times, like other wireless carriers, we might have to manage the network in order to reduce congestion and provide a better customer experience for the majority of our customers.”
Sprint Corporation, through its auxiliaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands.
Finally, The AES Corporation (NYSE:AES), ended its last trade with 0.76% gain, and closed at $13.26.
Dayton Power and Light (DP&L), a partner of The AES Corporation, is announcing it has recycled 18,000 refrigerators and freezers since starting its appliance recycling program in 2009, saving customers $11.7 million in energy costs.
The program pays customers $50 to have their old inefficient working refrigerator or freezer picked up for free. Almost 100% of the materials are recycled, assisting to protect the environment and avoiding filling up landfills. Replacing an inefficient refrigerator that uses three times the amount of energy as a newer model can have the impact of taking up to two cars off the road for a year.
In addition, customers can save up to $150 in energy costs annually by using a more energy efficient appliance that meets current energy standards. A 20-year-old refrigerator can use 1,200 kilowatt hours annually while a new high energy efficient model uses 400-500 kilowatt hours annually.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries.
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