On Friday, Shares of General Electric Company (NYSE:GE), gained 3.39% to $28.98. The stock attained the volume of 142.02 million shares.
As data centers and telecommunications providers search for ways to accommodate ever-increasing demands, they find themselves facing a design paradox — additional servers and power components are required, but there is little to no space left for it to be installed in equipment cabinets. With this in mind, GE’s Critical Power business (NYSE: GE) launched its new Edge Cabinet and single-conversion power distribution unit (PDU), which assists data center designers make the most of their valuable cabinet space by designing in the negative space.
The interior of most server or telecommunications equipment cabinets is commonly 24 inches wide, but the installed servers only take up 19 inches, leaving 5 inches of space unused. These cabinets also feature DC rectifiers to ensure that the proper power is offered to internal components and servers. By fitting the new Edge Cabinet PDU in the unused inside back corner of a cabinet and by enabling rectifiers — such as GE’s compact, three-phase GP100 units — to be integrated directly into the PDU’s accessible slots, GE is able to essentially free up, or give back, valuable space to datacenter and telecom facility managers.
With this recovered space, additional revenue-generating equipment such as server blades can be installed. This ultimately reduces the capital expenditure on each cabinet. Reduced hardware, use of floor space and installation costs, multiplied by hundreds of server bays per data center, equates to the potential for millions of dollars in savings per facility.
General Electric Company 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.
At the end of Friday’s trade, Shares of Wal-Mart Stores, Inc. (NYSE:WMT), declined -0.78% to $58.87.
Wal-Mart Stores, Inc. (WMT) offered its planned outlook and growth plans for the future at the company’s 22nd annual meeting for the investment community. The investments outlined recently are part of a framework designed to drive sales growth by strengthening the U.S. and e-commerce businesses. This framework is intended to enhance the experience in stores, leverage Walmart’s unique supply chain capabilities to lower costs and build deep digital relationships with customers.
Financial Outlook
The company also indicated that as a result of a stronger than anticipated impact from currency exchange rate fluctuations, it now anticipates net sales growth for the current fiscal year to be relatively flat. Not Taking Into Account the impact of currency exchange fluctuations, net sales growth would be about 3 percent for fiscal year 2016. In February, the company indicated that it predictable net sales growth of between 1 and 2 percent.
Charles Holley, Walmart’s executive vice president and chief financial officer, outlined the company’s financial preceding ties for growth and detailed the investment and expansion plans for fiscal year 2017.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, restaurants, apparel stores, drug stores, and convenience stores, in addition to retail Websites, such as walmart.com and samsclub.com.
Finally, Shares of Rite Aid Corporation (NYSE:RAD), ended its last trade with 0.16% gain, and closed at $6.32.
Rite Aid pharmacies nationwide are once again providing free resources to assist its senior customers select the right prescription drug plan (PDP) or update their existing coverage during the annual Medicare Part D enrollment period. Now through Dec. 7, 2015, customers can use Rite Aid’s Medicare Advisor to request the three lowest-cost prescription drug plans based on current prescriptions filled at Rite Aid*. Rite Aid’s Medicare Advisor is accessible at any Rite Aid pharmacy and can also be accessed online at www.riteaid.com/medicareadvisor.
With Rite Aid’s Medicare Advisor, customers can compare the estimated annual costs of various plans, counting monthly premiums, brand and generic co-pays and drugs covered. Customers can then talk about their Medicare Advisor report with their Rite Aid pharmacists, who are accessible to answer questions they may have.
Rite Aid Corporation, through its auxiliaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, counting over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products.
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