On Thursday, Honeywell International Inc. (NYSE:HON)’s shares inclined 1.28% to $105.53.
Honeywell (HON) Transportation Systems, the leading global developer of automotive turbochargers, is back in the winner’s circle for the 16th successive year at the 2015 24 Hours of Le Mans, in France boosting Porsche to a record win with its new Gasoline DualBoost™ turbo technology.
Honeywell assisted the Porsche 919 Hybrids in addition to perennial favorite Audi with its R18 e-tron quattro race cars earn the top five positions at Le Mans in the top Le Mans Prototype 1 category (LMP1) and six of the top seven spots overall. In total, Honeywell turbos were used on all boosted engines in the LMP1 class (12 of the 14 entries) for the famed endurance race.
The new Gasoline DualBoost turbo technology used by Porsche was developed using best practices in aerodynamics and material sciences from Honeywell Aerospace in addition to from existing DualBoost diesel applications enhancing production vehicles. Gasoline DualBoost technology provides 20 to 30 percent better response for improved acceleration out of corners and more steady state engine power from higher turbo efficiency. This is achieved in an overall lighter weight package that is 10 to 20 percent smaller than an equivalent standard gasoline turbo. PROFILE
American Electric Power Company Inc (NYSE:AEP)’s shares gained 1.42% to $54.83.
Affiliates of American Electric Power (AEP), Berkshire Hathaway Energy, Duke Energy (DUK), Edison International (EIX), Eversource Energy (ES), Exelon (EXC), Great Plains Energy (GXP), and Southern Company (SO) have signed a memorandum of understanding to pursue development of Grid Assurance™, a limited liability company that expects to offer subscribers cost-effective solutions for enhancing grid resiliency and protecting customers from prolonged transmission outages.
As proposed, Grid Assurance will own and provide subscribers with timely access to an inventory of emergency spare transmission equipment that can otherwise take months to acquire. Grid Assurance filed a petition with the Federal Energy Regulatory Commission (FERC) late yesterday seeking confirmation that this service can be part of a transmission-owning entity’s strategy to effectively address grid resiliency mandates. Grid Assurance will not be FERC regulated, but plans to charge cost-based subscription fees, similar to FERC-regulated transmission formula rates. Cost-based subscription fees are expected to facilitate subscribers’ ability to recover expenses.
Restoration of the transmission grid can be hampered by long lead times required to design, build and deliver critical replacement equipment including large transformers, circuit breakers and other specialized electrical equipment. As proposed, Grid Assurance will be more cost-effective than companies independently securing emergency spare equipment for high-impact, low-frequency events due to economies of scale, diversification and improved logistics.
American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company generates electricity using coal and lignite, natural gas, nuclear, and hydroelectric and other energy sources.
At the end of Thursday’s trade, Google Inc (NASDAQ:GOOGL)‘s shares surged 1.75% to $556.18.
Google secretly attained app streaming start-up Agawi last year, according to a new report from The Information on Thursday.
The Information described the acquisition as part of a larger strategy to push customers to use the mobile internet more — and thus lucrative Google services like Search — and apps less.
It isn’t hard to guess why. Google likely generates half of its revenue or more from search ads. Though it owns the Android platform and its associated app store, Google’s core dominance is in search.
Since the acquisition, Agawi’s web site is no longer live. It’s likely that Agawi’s technology is being folded into Google’s offerings.
Prior to the acquisition, Agawi allowed users to stream storage-heavy apps like “Grand Theft Auto: San Andreas” (2.4 GB) or “FIFA:14″ (1.35 GB) directly to their phone, thus alleviating the pressure to clog up your phone with apps.
Many people buy phones with greater storage capacities to ensure they’ll have enough room for all their apps — and some apps, particularly games, take up huge amounts of space.
Google Inc., a technology company, builds products and provides services to organize the information. The company offers Google Search, which provides information online; Google Now that offers information to users when they need it; AdWords, an auction-based advertising program; AdSense, which enables Websites that are part of the Google network to deliver ads; DoubleClick Ad Exchange, a marketplace for the trading display ad space; and other advertising platforms, such as AdExchange and AdMob. It also offers YouTube that offers video, interactive, and other ad formats; Android, an open source mobile software platform; hardware products, counting Chromebook, Chrome OS devices, Chromecast, and Nexus devices; Google Play, a cloud-based digital entertainment store for apps, music, books, and movies; Google Drive, a place for users to create, share, collaborate, and keep their stuff; and Google Wallet, a virtual wallet for in-store contactless payments.
Sprouts Farmers Market Inc (NASDAQ:SFM), ended its Thursday’s trading session with 0.50% gain, and closed at $28.01.
Sprouts Farmers Market Inc (SFM) is targeting Lee’s Summit for its next metro location.
The grocery store chain, which specializes in organic and natural foods, filed a building permit application Wednesday with the city.
Sprouts plans to open inside the former OfficeMax space at 800 N.E. Missouri 291 Highway, said Mike Weisenborn, project manager with the city.
Weisenborn said he anticipates the building permit will receive approval and should be finalized in two to four weeks.
Bruns said the health foods concept is a growing trend, and that Lee’s Summit residents had been voicing their desire for a health foods store.
Sprouts Farmers Market, Inc. operates as a specialty retailer of fresh, natural, and organic food in the United States. The company’s stores offer fresh produce, bulk foods, vitamins and supplements, grocery products, meat and seafood products, deli and bakery products, dairy and dairy alternatives, frozen foods, beer and wine, natural health and body care products, and natural household products.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
