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Saturday 16 May 2015
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Hottest Stories: Apple, (AAPL), General Motors Company, (GM), American International Group, (AIG), Southern Company, (SO)

On Monday, Shares of Apple Inc. (NASDAQ:AAPL), lost -1.02% to $126.32.

On Sunday, Apple declared an expansion of its renewable energy and environmental protection initiatives in China, counting a new multi-year project with World Wildlife Fund to significantly enhance responsibly managed forests across China. The new forestland program aims to protect as much as 1 million acres of responsibly managed working forests which provide fiber for pulp, paper and wood products.

Apple’s aim is to achieve a net-zero impact on the world’s supply of sustainable virgin fiber and power all its operations worldwide on 100 percent renewable energy.

Apple also declared its intent to expand its industry-leading renewable energy projects to manufacturing facilities in China.

Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

Shares of General Motors Company (NYSE:GM), declined 0.28% to $35.22, during its last trading session.

According to Bloomberg, The lawyer hired by General Motors Co. stated 100 deaths classified as having been caused by defective ignition switches on recalled small cars and aims to complete the process this summer.

There are 37 death and 589 injury claims still under review by Kenneth Feinberg, who was designated by the Detroit-based carmaker to run a compensation fund for victims, according to the latest statistics released Monday. There have been 184 injury claims approved for compensation as of May 8, according to the update from the fund.

The remaining work comprises finishing reviews and revisiting claims labeled deficient and those presented without any documentation, in case victims’ families can provide more evidence, she said. She declined to specify the amount the fund has paid on claims.

General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, and Vauxhall brand names, in addition to under the Alpheon, Baojun, Jiefang, and Wuling brand names.

At the end of Monday’s trade, Shares of American International Group, Inc. (NYSE:AIG), lost -0.79% to $59.20, hitting its highest level.

American International Group, will provide a live webcast of the 2015 Annual Meeting of Shareholders on Wednesday, May 13, 2015, starting at 11:00 a.m. EDT.

American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally. The company’s Commercial Insurance segment offers general liability, commercial automobile liability, workers’ compensation, excess casualty, and crisis administration causality insurance products; commercial, industrial, and energy-related property insurance products; aerospace, environmental, political risk, trade credit, surety, and marine insurance products, in addition to various insurance products for small and medium sized enterprises; and professional liability insurance products for a range of businesses and risks.

Finally, Southern Company (NYSE:SO), ended its last trade with -1.27% loss, and closed at $43.59.

Southern Nuclear, a partner of Southern Company (SO), is one of the nation’s leading nuclear energy facility operators. Producing safe, reliable and environmentally friendly nuclear energy, Southern Nuclear operates a total of six units for Alabama Power and Georgia Power at the Joseph M. Farley Nuclear Plant near Dothan, Ala.; the Edwin I. Hatch Nuclear Plant near Baxley, Ga., and the Alvin W. Vogtle Electric Generating Plant near Waynesboro, Ga. Southern Nuclear is the licensee of two new nuclear units presently under construction at Plant Vogtle, which will be the first nuclear units constructed in the United States in more than 30 years.

Unit 1 of the Joseph M. Farley Nuclear Plant near Dothan, Ala., has safely resumed generating electricity following completion of a planned refueling and maintenance outage.

Plant operators safely took Unit 1 offline on March 28, and the refueling and maintenance outage ended on May 7 at about 1 a.m. CT.

In addition to refueling the reactor and performing regular maintenance and testing, workers made upgrades to plant systems and components to enhance efficiency and reliability.

Employees from across the Southern Nuclear fleet are assisting Farley’s staff of more than 900 in the refueling effort. More than 800 additional workers from Westinghouse, Siemens, Williams and other partners are on site performing specialized tasks. This supplemental workforce provides economic stimulus to surrounding communities during the planning stages and throughout the outage.

The last refueling outage for Unit 1 was accomplished in fall 2013. Farley Unit 2 continued to safely generate electricity while Unit 1 was offline for the refueling.

The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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