On Tuesday, Shares of General Motors Company (NYSE:GM), gained 2.07% to $29.15, after CEO Mary Barra said the company plans to improvement technology features in its vehicles, Reuters reports.
The company’s vehicles could be customized to user preferences with connectivity features embedded in the car, leading to the possibility of a car sharing program, Barra told Reuters.
GM will also launch SuperCruise, a feature that allows for autonomous driving, next year, and has pushed to improvement 4G LTE data connections in its vehicles.
General Motors Company (General Motors) designs, builds and sells cars, trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial).
Shares of Halliburton Company (NYSE:HAL), declined -0.77% to $34.66, during its last trading session.
Halliburton Company and Baker Hughes Incorporated (BHI) declared that the companies will market for sale additional businesses in connection with Halliburton’s pending acquisition of Baker Hughes. Following the Merger Agreement, and in order to permit completion of Halliburton’s acquisition of Baker Hughes, the following additional businesses are intended to be divested: Halliburton’s expandable liner hangers business, which is part of the company’s Completion & Production Division; Baker Hughes’ core completions business, which comprises: packers, flow control tools, subsurface safety systems, intelligent well systems, permanent monitoring, sand control tools and sand control screens; the Baker Hughes sand control business in the Gulf of Mexico, counting two pressure pumping vessels; and Baker Hughes’ offshore cementing businesses in Australia, Brazil, the Gulf of Mexico, Norway, and the United Kingdom.
The divestitures process for the formerly declared divestitures of Halliburton’s Fixed Cutter and Roller Cone Drill Bits, Directional Drilling and Logging-While-Drilling (LWD)/Measurement-While-Drilling (MWD) businesses is ongoing, and Halliburton is happy that last Friday it received proposals from multiple interested parties for each business.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates operate under two divisions, which form the basis for its two operating segments: the Completion and Production segment, and the Drilling and Evaluation segment.
Shares of Caterpillar Inc. (NYSE:CAT), inclined 0.84% to $64.33, during its last trading session.
Caterpillar declared noteworthy restructuring and cost reduction actions that are predictable to lower operating costs by about $1.5 billion annually once fully implemented. The cost reduction steps will start in late 2015 and reflect recent, current and predictable market conditions. For 2015, the company’s sales and revenues outlook has weakened, with 2015 sales and revenues now predictable to be about $48 billion, or $1 billion lower than the previous outlook of about $49 billion. For 2016, sales and revenues are predictable to be about 5 percent below 2015.
Key steps planned by the company comprise:
- An expected permanent reduction in Caterpillar’s salaried and administration workforce, counting agency, of 4,000 – 5,000 people between now and the end of 2016, with most occurring in 2015, and with a total possible workforce reduction of more than 10,000 people, counting the contemplated consolidation and closures of manufacturing facilities occurring through 2018.
- The company will offer a voluntary retirement enhancement program for qualifying employees, which will be accomplished by the end of 2015.
- Slightly less than half of the $1.5 billion of cost reduction is predictable to be from lower Selling, General and Administrative (SG&A) costs. The reduction in SG&A will largely be in place and effective in 2016 and occur across the company.
- The remaining cost reductions are predictable to come from lower period manufacturing costs, counting savings from additional contemplated facility consolidations and closures, which could impact more than 20 facilities and slightly more than 10 percent of our manufacturing square footage. A portion of these cost reductions are predictable to be effective in 2016, with more savings anticipated in 2017 and 2018.
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation.
Finally, Kroger Co (NYSE:KR), ended its last trade with -0.39% loss, and closed at $35.61.
The Kroger Co. family of stores is bringing the delectable flavors of Italy to its customers during the two-week event, Savor World Flavor: Taste of Italy.
Taste of Italy brings delicious, easy-to-prepare recipes with robust flavors such as freshly prepared prosciutto with melon, gourmet chicken parmesan, and rich tiramisu dip to local Kroger stores throughout the country.
Select stores will host unique “Crack the Parm” events with a cheese specialist showing how to crack a 78 pound of Parmigiano Reggiano cheese, and samples of the authentic flavors of Italy during the company’s second world cuisine celebration. Last year marked the first Savor World Flavor event, Taste of Mexico.
Kroger will also debut an exciting new corporate brand. HemisFares™, which presently features 27 authentic products, is best-of-the-world eats brought straight from their regional origins to Kroger customers. Imported directly from various food-rich regions of the world, the Creamy Sicilian Gelato, Bolognese Old-World pasta sauce and Four Leaf Balsamic Vinegar will offer “a journey of epicurean proportions” for Kroger’s food-curious customers.
The Kroger Co. (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets.
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