On Friday, Navistar International Corp (NYSE:NAV)’s shares inclined 0.58% to $12.17.
International Truck declared that it will be introducing the Allison TC10 fully automatic transmission coupled with the Cummins ISX15 on its International® ProStar® model. The engine/transmission combination—an industry first— will be accessible for order starting in December 2015 with predictable delivery dates of early 2016.
The Allison TC10, offered with 10 forward speeds and two reverse, uses a patented torque converter and full power shifts to deliver superior performance and productivity when contrast to automated manual transmissions. The premium transmission is ideal for tractor applications and is extremely well-suited for distribution applications where the tractor-trailer splits its work cycle between city and highway conditions.
First introduced in 2014 on International ProStar and International TranStar powered by N13, the Allison TC10 is the first fully automatic transmission for the Class 8 on-highway segment. The TC10 transmission’s unique design utilizes a blended architecture with full-power shifts, a torque converter and a twin countershaft gear box.
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, and school and commercial buses; and provides service parts for trucks and diesel engines worldwide. It operates through four segments: North America Truck, North America Parts, Global Operations, and Financial Services.
ITC Holdings Corp. (NYSE:ITC)’s shares gained 0.09% to $32.00.
ITC Holdings Corp. (ITC) declared that it has reached an accelerated share repurchase program (ASR) with Barclays Bank PLC (“Barclays”).
The ASR was reached following a board-approved share repurchase program, which authorizes the repurchase of up to $250 million of shares through December 31, 2015. The company formerly accomplished $130 million of accelerated share repurchases under the share repurchase program in December 2014.
Under the terms of the ASR, ITC has agreed to repurchase up to $115 million of its common stock from Barclays with an initial delivery of about 2.8 million shares. The final number of shares to be repurchased will be based on the volume-weighted average share price of the company’s common stock during the term of the ASR, subject to certain adjustments following the terms and conditions of the ASR. The share repurchase is predictable to be accomplished by year-end 2015.
ITC Holdings Corp., together with its auxiliaries, engages in the transmission of electricity in the United States. The company functions as conduit, allowing for power from generators to be transmitted to local distribution systems through its own systems or in conjunction with neighboring transmission systems.
At the end of Friday’s trade, NextEra Energy Inc (NYSE:NEE)‘s shares surged 2.06% to $98.54.
A leading Florida employer with about 8,700 employees, FPL is a partner of Juno Beach, Fla.-based NextEra Energy, Inc. (NEE), Dozens of employees from Florida Power & Light Company (FPL) donated their time recently to assist plant 500 seedlings in an endangered pine rockland area at Camp Matecumbe in Miami. FPL contributed $5,000 to Million Trees Miami to make the planting possible.
Vegetation is a leading cause of power outages and flickers, which is why FPL proactively trims 15,000 miles of vegetation near power lines each year to assist maintain reliable service to its customers. By selecting the right tree and planting it in the right place at a safe distance from power lines, customers can assist reduce power outages and flickers in their neighborhoods.
FPL also reminds its customers to make a free call to 811 at least two full business days before digging to identify underground utility lines and prevent outages, injuries, environmental contamination and potential fines.
NextEra Energy, Inc., through its auxiliaries, generates, transmits, and distributes electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, nuclear, and wind sources. As of December 31, 2014, it served about 9 million people through about 4.7 million customer accounts in the east and lower west coasts of Florida.
Enphase Energy Inc (NASDAQ:ENPH), ended its Friday’s trading session with 11.51% gain, and closed at $4.07.
JinkoSolar Holding Co., Ltd. a global leader in the photovoltaic (PV) industry, declared that its wholly owned partner, JinkoSolar (U.S.) Inc., has reached a contract with Enphase Energy, Inc. (ENPH), a global energy technology company, to create a new PV bundle for U.S. commercial & industrial customers.
The bundle, which comprises of a JinkoSolar module and an Enphase® Microinverter System, will give clients access to add on the Enphase 100% System Availability Guarantee O&M service program from Enphase Energy Services (EES). JinkoSolar is the first module manufacturer to receive 100% coverage through EES’ comprehensive O&M solution: customers are compensated for covered downtime of module or microinverter. The JinkoSolar-Enphase Commercial PV Bundle with EES is predictable to maximize project revenue and protect customers’ investment through EES’ O&M services by providing higher system availability, reduced installation time, and easier system design.
Enphase Energy, Inc., together with its auxiliaries, designs, develops, and sells microinverter systems for the solar photovoltaic industry in the United States and internationally.
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