On Wednesday, America Movil SAB de CV (ADR) (NYSE:AMX)’s shares dwindled -1.31%, and closed at $21.14, as America Movil SAB de CV (ADR) (AMX), Asurion, declared the corporation is expanding its product offerings into Latin America with a new partnership with Latin America’s leading wireless communications provider, América Móvil (AMX) (AMX) (AMOV) (LATIBEX:XAMXL). The service launched with Telcel in January and protects devices from damage, counting liquid damage and broken screens, mechanical and electrical malfunction, and theft.
“After careful consideration, América Móvil selected Asurion to launch a comprehensive mobile protection product through Telcel starting in Mexico City. We felt the convenience, comprehensive coverage and cost savings Asurion can provide offers an excellent solution for our clients,” said Carlos Garcia Moreno, Chief Financial Officer, América Móvil.
“We are proud to partner with América Móvil and expand our product offerings to Latin America, bringing comprehensive mobile protection to Telcel clients with Proteccion Móvil Telcel,” said Kevin Taweel, Asurion Chairman and CEO.
Asurion has partnered with Allianz Risk Transfer, a partner of Allianz Global Corporate & Specialty SE to underwrite this multi-year insurance placement. The local Allianz corporation will be Allianz México, S.A. Compañía de Seguros, underwritten by Allianz Mexico.
América Móvil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. It offers mobile and fixed voice services, counting airtime, local, domestic, and international long-distance services, in addition to network interconnection and public telephony services.
Flowserve Corp (NYSE:FLS)’s shares dropped -1.29%, and settled at $56.48, during the last trading session on Wednesday, formerly on March 23, Flowserve Corp (FLS), declared that its operation in Brazil has been selected to supply all ball sector control valves, ball valves and butterfly valves for the new Klabin mill (Project Puma) located in the city of Ortigueira, Paraná state, southern Brazil. In total, more than 1500 rotary control and automated on/off valves will be supplied from Flowserve to the Klabin Puma Project, counting products under the NAF, PMV, Atomac and Worcester brands. The valves will be comprised of as part of supply contracts with a number of different participating engineering, procurement and construction (EPC) contractors. The orders were booked in the fourth quarter of 2014.
“The reliability and performance of our rotary control and automated on/off valves combined with our local service capability assists our customer run their pulp mills safely and efficiently,” said Bill Brown, vice president and general manager, Flow Control Operations, Chemical Sector. “From our Quick Response Center (QRC) in Três Lagoas, we will also be able to provide localized service to our customer and protect their investment over the entire life cycle of the valves.”
Flowserve Corporation designs, manufactures, distributes, and services industrial flow administration equipment worldwide. The corporation operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related equipment and services, in addition to manufactures gas-lubricated mechanical seals used in high-speed compressors.
At the end of Wednesday’s trade, Cummins Inc (NYSE:CMI)’s shares dipped -1.29%, and closed at $135.00, as Cummins Inc (CMI), Chairman and CEO Tom Linebarger issued the following statement following the passage of Senate Bill 50 by the Indiana General Assembly:
“Cummins believes that Senate Bill 50 addresses key concerns with Indiana’s Religious Freedom Restoration Act (RFRA). It’s an important first step.
SB50 makes it clear that RFRA does not allow individuals or businesses to use the law to justify discrimination, counting discrimination based upon sexual orientation or gender identity. In addition, SB50 extends these protective provisions to services, facilities, public accommodations, in addition to housing and employment. This revision makes the language compriseent with many Human Rights Ordinances throughout Indiana.
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates through four segments: Engine, Distribution, Components, and Power Generation. The Engine segment offers various diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail, and governmental equipment markets.
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), ended its Wednesday’s trading session with -1.22% loss, and closed at $9.73, after JA Solar Holdings Co., Ltd. (ADR) (JASO), declared that the Knesset (Israeli Parliament) has utilized the use of JA PV modules for its rooftop solar project.
The Knesset unveiled the 450KW solar modules installed on its roof at the inauguration of the solar project’s operation on March 29th. Occupying 4,650 square meters of roof space, it is by far the largest solar project accomplished by any national assembly in the world. 1,500 photovoltaic panels will yield about 10 percent of the building’s electricity needs. This solar project, together with other energy saving measures, is predictable to cut down a third of the energy consumption at the Knesset by the end of 2015.
Mr. Yuli Edelstein , Knesset Speaker, said, “What is happening before our eyes is a true revolution in energy conservation. It is not just the solar panels; it is a turning point with regards to the environmental awareness revolution that we have been promoting for the past two years.”
JA Solar Holdings Co., Ltd., through its auxiliaries, is engaged in the design, development, production, marketing, and sale of photovoltaic solar cells and solar power products based on crystalline silicon technologies.
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