On Friday, General Electric Company (NYSE:GE)’s shares declined -2.03% to $24.83.
GE Aviation will create a turboprop engine development, test and production operation in Europe. This will represent an investment surpassing $400 million and ultimately support 500 – 1,000 jobs.
The turboprop industry is highly global and comprised of many small aircraft operators. Among the factors driving GE Aviation to pursue the new operation in Europe is the need to support these and other international customers with financing through government-sponsored Export Credit Agencies (ECAs).
GE is presently bidding on $11 billion of projects that require export financing. The U.S. remains the only major economy in the world without an Export Bank. Since the U.S. Export Import Bank (Ex-Im) authorization expired July 1, GE has commenced talks with several foreign ECAs to secure financing for its customers.
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. Its Oil and Gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment.
Exelon Corporation (NYSE:EXC)’s shares dropped -1.96% to $30.95.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (EXC), ComEd and the National Safety Council (NSC) awarded more than $137,000 in Powering Community Safety grants to 17 municipalities located in northern Illinois to support their ongoing efforts to improve local safety initiatives.
Recognizing that safe communities are crucial to the quality of our lives, eligible municipalities received cash grants for improvements made to advance their journey to safety excellence.
NSC, a nonprofit organization whose mission is to save lives by preventing injuries and deaths at work, in homes and communities, will administer the Powering Community Safety grants and programs developed through the funding, in addition to distribute a maximum of $10,000 per project for each approved application.
Grantees will be recognized at a reception in Oakbrook, Il., on September 22, 2015.
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities.
At the end of Friday’s trade, PepsiCo, Inc. (NYSE:PEP)‘s shares dipped -0.27% to $93.12.
Doritos is one of the many brands that makes up Frito-Lay North America, the $14 billion convenient foods business unit of PepsiCo (PEP), The Doritos brand, in partnership with the It Gets Better Project, recently declared a new, limited-edition product to celebrate and support the lesbian, gay, bisexual and transgender (LGBT) community in the boldest, most colorful way possible. Introducing Doritos Rainbows chips, the first Doritos product in history made up of multiple, rainbow-colored Doritos chips inspired by the Pride flag. The new product is accessible exclusively to consumers who donate to the It Gets Better Project, an organization that seeks to provide hope to LGBT young people and inspire the changes to make the world a better place for them.
Starting, consumers who donate $10 or more in support to the It Gets Better Project through www.ItGetsBetter.org/DoritosRainbows will be mailed a bag of Doritos Rainbows chips, while supplies last. The aim is to raise funds for the It Gets Better Project and the important work the organization does in support of LGBT youth around the world.
Doritos Rainbows chips will take center stage at this year’s Dallas Pride as part of the Doritos brand’s first-ever sponsorship of the annual event, set to take place on Sunday, Sept. 20, 2015. While visiting the Doritos-branded booth at Dallas Pride, attendees can pledge their support to the It Gets Better Project and receive a bag of Doritos Rainbows chips, while supplies last. Guests also can capture their experiences at a photo and video booth, sharing their unique content using #BoldandBetter. In partnership with PepsiCo’s EQUAL employee resource group, the Doritos brand also will take part in this year’s Dallas Pride parade with a float made up of PepsiCo/Frito-Lay associates and their families.
PepsiCo, Inc. operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lays potato chips, Doritos tortilla chips, Cheetos cheese-flavored snacks, Tostitos tortilla chips, branded dips, Ruffles potato chips, Fritos corn chips, and Santitas tortilla chips.
Comcast Corporation (NASDAQ:CMCSA), ended its Friday’s trading session with -1.78% loss, and closed at $57.42.
Comcast Corporation declared a pilot program that will extend Internet Essentials, the nation’s largest and most comprehensive high-speed Internet adoption program for low-income families, to more than 90,000 low-income community college students who are Federal Pell Grant recipients in Illinois.
According to the National Center for Education Statistics, community colleges enroll as many as 40 percent of all college students each year. As low-cost, open-access institutions, community colleges serve a high percentage of non-traditional students, counting those who are low-income, are financially independent, have dependents, are first generation, and are older.
According to research, an associate degree enhances the chance of being employed by 12 to 15 percent for men and 20 percent for women. In addition, according to the Community College Resource Center, an associate degree enhances average earnings contrast to a high school diploma by 13 percent for men and 21 percent for women. In 2012, the American Association of Community Colleges estimated community college graduates added $809 billion in income to the U.S. economy in higher wages, raised productivity, and multiplier effects. Additionally, according to an Illinois Community College Board report, concluding a community college program enhances lifetime earnings by 44%, or over $570,000, contrast to those who do not complete a program.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Netoperates, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name. This segment also provides business services, such as cellular backhaul services to mobile network operators; Ethernet network services; and online advertising services.
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