On Thursday, General Electric Company (NYSE:GE)’s shares declined -1.38% to $25.34.
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.
Seadrill Ltd (NYSE:SDRL)’s shares dropped -0.53% to $7.46.
Seadrill Limited has notified Hyundai Heavy Industries Co Ltd. (“the Shipyard”) that it has exercised its right to cancel the contract for the construction of the West Mira, a sixth generation ultra-deepwater harsh environment semisubmersible drilling unit (“Wst Mira” or “the Unit”).
The Unit was ordered during the second quarter of 2012 and the delivery date stated in the construction contract was by December 31, 2014. Due to the Shipyard`s inability to deliver the Unit within the timeframe required under the contract, the Company has exercised its cancellation rights.
Under the contract terms, Seadrill has the ability to recoup the $168 million in pre-delivery installments to the Shipyard, plus accrued interest.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its drilling contracts regarding semi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters.
At the end of Thursday’s trade, CSX Corporation (NYSE:CSX)‘s shares dipped -0.24% to $29.18.
Building on its record of leading sustainability performance in the transportation sector, CSX was named to the Dow Jones Sustainability Index for North America for the fifth successive year.
CSX is the only U.S. railroad recognized by the Dow Jones Sustainability Index for North America and among just four transportation companies on the 2015 list. CSX showed strong performance across the assessed criteria, specifically in the areas of environmental policy and administration system, fuel efficiency, climate strategy, corporate governance, and stakeholder engagement.
The index is a partnership between the Dow Jones Indexes and RobecoSAM Sustainability Assessments, which tracks the financial performance of the world’s leading companies according to rigorous economic, environmental and social criteria.
CSX Corporation, together with its auxiliaries, provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers. The company transports crushed stone, sand and gravel, metal, phosphate, fertilizer, food, consumer, agricultural, automotive, paper, and chemical products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, in addition to exports coal to deep-water port facilities.
Progressive Corp (NYSE:PGR), ended its Thursday’s trading session with 1.16% gain, and closed at $31.34.
Most people have a nightmare story or two about a roommate – so why do we share our personal space with someone else? When asked in a recent survey conducted by The Progressive® Group of Insurance Companies1, the majority (58%) of roommates said their choice was driven by finances and conveniences, noting both have an equal role in the decision.
With nearly half of U.S. Millennials in 2015 living with someone else other than a spouse2, having a roommate is not out of the ordinary. And while not all roommates are married, that doesn’t mean they don’t merge finances. According to the survey, the most commonly shared expenses among roommates recently comprise food and beverage (64%), rent (60%), cleaning supplies (58%) and utilities (56%). Despite this noteworthy number of shared expenses, the survey found that car insurance is largely (66%) handled independently by roommates.
The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States.
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