On Friday, Emerson Electric Co. (NYSE:EMR)’s shares inclined 0.38% to $49.60.
Emerson (EMR) and WeatherBug® are partnering to leverage big weather data and the Internet of Things to assist consumers stay comfortable, save money and conserve energy – no matter the weather. Consumers in Texas using the Sensi™ Wi-Fi Programmable Thermostat from Emerson can now take advantage of WeatherBug Home – a software upgrade that optimizes connected thermostats based on the latest weather conditions – at no additional cost.
On average, the weather influences about 50 percent of a home’s energy use. By integrating WeatherBug Home’s real-time, hyper-local data and patent-pending algorithms, consumers can have their Emerson Sensi Thermostats optimized for the weather to maximize their comfort and savings. While WeatherBug Home saves consumers money – an average of $75 each year – it also assists local energy utilities boost efficiency and stability, better allocate resources, and keep the power on during peak demand times.
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Administration, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Administration segment offers products and technology, and engineering, project administration, and consulting services for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs and plants.
Avago Technologies Ltd (NASDAQ:AVGO)’s shares dropped -1.80% to $121.96.
Avago Technologies Limited (AVGO), a leading semiconductor device supplier to the wireless, enterprise storage, wired, and industrial end markets, declared it will report its third quarter fiscal year 2015 financial results and business outlook on Wednesday, August 26, 2015 after the close of the market. Avago’s administration will host a conference call at 2:00 p.m. Pacific Time on the same day to talk about these results and business outlook.
Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments. Its product portfolio comprises RF power amplifiers, RF filters, RF front end modules, ambient light sensors, proximity sensors, low noise amplifiers, multimarket-wave mixers, diodes, fiber optic transceivers, serializer/deserializer ASICs, and optical laser and receiver components. +
At the end of Friday’s trade, LendingClub Corp (NYSE:LC)‘s shares dipped -1.86% to $13.70.
Lending Club (LC) declared that Sandeep Bhandari, Assistant Chief Credit Officer at Capital One Bank (Credit Risk Administration) and Venture Partner (Capital One Ventures), will join Lending Club as Chief Credit Officer on August 24.
Bhandari will assume responsibility for credit risk administration across all products, replacing in that capacity Lending Club Chief Risk Officer Chaomei Chen, who will be retiring at the end of this year.
LendingClub Corporation operates as an online marketplace for connecting borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, counting unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans.
Enterprise Products Partners L.P. (NYSE:EPD), ended its Friday’s trading session with 0.14% gain, and closed at $28.41.
Enterprise Products Partners L.P. (EPD) declared its financial results for the three and six months ended June 30, 2015.
- Enterprise raised its cash distribution with respect to the second quarter of 2015 by 5.6 percent to $0.38 per unit contrast to the second quarter of 2014;
- Enterprise stated distributable cash flow of $988 million for the second quarter of 2015, which offered 1.3 times coverage of the $0.38 per unit cash distribution and resulted in $238 million of retained distributable cash flow; and
- Associates of privately held Enterprise Products Company (“EPCO”), which collectively own our general partner and about 34 percent of our outstanding limited partner interests, purchased $50 million of common units from Enterprise in May 2015 through the distribution reinvestment plan. Counting this purchase, EPCO associates have purchased $150 million of Enterprise common units in 2015.
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, in addition to import and export terminal services.
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