On Thursday, Shares of General Electric Company (NYSE:GE), gained 1.01% to $27.04.
Michigan-based DTE Energy (DTE) has awarded outage services work to GE Power & Water (GE) through GE Hitachi Nuclear Energy (GEH) and GE Power Generation Services (PGS) for the utility’s Fermi 2 Nuclear Power Plant.
GEH will provide a host of outage and inspection services related to the boiling water nuclear reactor at the Fermi 2 plant in Newport, Michigan, while PGS will provide inspection and maintenance services to the main generator and six turbine valves. The services will be offered during an outage this fall.
Fermi 2 is a 1,170-megawatt (MW) boiling water reactor that has been operating since 1988. The reactor has the capacity to provide clean, carbon-free electricity to more than 1 million homes. Global Nuclear Fuel, a GE-led joint venture, has offered fuel to the plant since the initial core load.
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 The Blackstone Group L.P. (NYSE:BX), inclined 1.52% to $41.96, during its last trading session.
The Blackstone Group, stated its second quarter 2015 results.
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “We produced solid results for our investors in the second quarter with strong realization activity despite challenging market conditions. While the weak global equity markets adversely influenced some of our holdings, underlying portfolio company fundamentals are trending significantly better than the overall economy and point towards a fertile field for future value growth and realizations. At the same time we stated $94 billion in gross capital inflows over the past twelve months, a record for the firm and our industry, propelling our Total Assets Under Administration to another record of $333 billion, up 19% year-over-year.”
Distribution
Blackstone has declared a quarterly distribution of $0.74 per common unit to record holders of common units at the close of business on July 27, 2015. This distribution will be paid on August 3, 2015.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations.
Finally, Integrated Device Technology, Inc. (NASDAQ:IDTI), ended its last trade with 2.77% gain, and closed at $20.80.
Integrated Device Technology, declared that it has launched an Open High-Performance Analytics and Computing (HPAC) Lab to address the real-time application needs of enterprise and cloud computing end users. The lab supports heterogeneous processing technologies from industry-leading CPU and accelerator vendors who are connecting their hardware with IDT’s portfolio of RapidIO® and PCIe® interconnect semiconductors, advanced timing and memory interface products.
Based at IDT’s facility in Ottawa, Canada, the Open HPAC Lab runs on a contribution model. It has been seeded by IDT and partner companies to enable end users to develop application software for analytics and high-performance computing (HPC) requiring a variety of processor types with low latency, high throughput and energy efficiency. Target applications for the lab workload comprise real-time analytics, deep learning, pattern recognition, video analytics and image processing.
The technology at the center of the lab was used for analyzing the content of Twitter traffic during the 2014 FIFA World Cup Finals, and was recently adopted by CERN for its Large Hadron Collider and data center analytics. The lab is based on industry-standard IT form factor solutions that align with the Open Compute Project (OCP) High-Performance Computing initiative, which IDT co-chairs.
Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, and consumer industries worldwide. It operates in two segments, Communications, and Computing and Consumer.
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