On Friday, Shares of Intel Corporation (NASDAQ:INTC), gained 0.52% to $29.02.
Wind River®, a global leader in delivering software for the Internet of Things (IoT), has declared that Israel Aerospace Industries (IAI), the largest government-owned defense and aerospace company in Israel, relied on the Wind River VxWorks® Cert Platform real-time operating system (RTOS) and Wind River Professional Services for its innovative semi-autonomous airplane towing vehicle, TaxiBot.
IAI offers solutions for a variety of requirements in space, air, land, sea, and cyberspace, for both commercial and defense applications. In partnership with Airbus and TLD Group, the company developed the TaxiBot, which enables airplanes to taxi from the gate to the runway without using their own engines, dramatically reducing fuel consumption and costs, CO2 emissions, and noise.
According to IAI, TaxiBot has the potential to save the airlines hundreds of millions in fuel costs and a reduction in foreign-object damage to jet engines. At the Heathrow Airport, British Airways is saving more than 20 million dollars per year. The vehicle’s electric driving system cuts CO2 emissions by as much as 85% contrast to airplanes waiting for takeoff. And carriers can recoup their investment in about 18 months.
Wind River, a wholly owned partner of Intel® Corporation (INTC), is a global leader in delivering software for the Internet of Things. The company has been pioneering computing inside embedded devices since 1981, and its technology is found in more than 2 billion products.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT), declined -0.85% to $25.62, during its last trading session.
Hilton Worldwide Holdings declared that William Margaritis will become the company’s executive vice president of Corporate Affairs starting in late August, based in the company’s global headquarters in McLean, VA. Margaritis formerly served for 15 years as senior vice president of Global Communications and Investor Relations at FedEx Corporation.
At Hilton, Margaritis will oversee internal and external communications, government relations and corporate responsibility globally. He will report to Christopher J. Nassetta, president and CEO of Hilton Worldwide and will serve as a member of the company’s Executive Committee.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide.
Finally, Apple Hospitality REIT, Inc. (NYSE:APLE), ended its last trade with 1.01% gain, and closed at $17.97.
Apple Hospitality REIT declared that it has closed on the formerly declared acquisition of a 190-room Courtyard® by Marriott® in Burbank, CA for a purchase price of $54 million, or about $284,000 per key.
Nestled in the San Fernando Valley and within close proximity to numerous entertainment, media, healthcare and technology companies, the Courtyard® Los Angeles Burbank Airport hotel is poised to benefit from multiple business and leisure demand generators. The property is convenient to the Burbank Bob Hope Airport and a variety of attractions counting Walt Disney Studios, Universal Studios Hollywood and Warner Bros. Studios. The hotel is a short drive from the broader Los Angeles area with easy access to downtown Los Angeles, Beverly Hills, Hollywood, Griffith Park, popular sports arenas and various beaches. Smith Travel Research (STR) has stated positive demand and rate trends for the Burbank market with RevPAR growth of 7.2 percent for the first six months of 2015 as contrast to the same period of 2014.
Following this acquisition, the Apple Hospitality portfolio comprises 176 hotels, with about 22,500 guestrooms, geographically diversified across 32 states.
Apple Hospitality REIT, Inc. is a publicly owned real estate investment trust. It invests in the real estate markets of United States. The firm invests primarily in the lodging industry.
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