On Tuesday, Shares of General Electric Company (NYSE:GE), gained 0.61% to $26.47.
GE and Statoil’s Sustainability Partnership has launched the call for entries for its second Open Innovation Challenge focusing on water usage in the development of onshore unconventional oil and gas reservoirs. Through crowd sourcing, the Challenge seeks to find innovative solutions for both reducing fresh water usage and treating and reusing water from development activities—while maintaining or improving productivity.
“This partnership with Statoil is centered on both our companies’ commitment to continued investment in technology and innovation to assist develop low-cost and more efficient energy solutions. We recognize that great ideas transcend any one company or geography, which is why we’ve launched this open innovation challenge,” said Eric Gebhardt, Chief Technology Officer, GE Oil and Gas. “We invite individual innovators, institutions and companies—large and small— from around the world to co-develop potential solutions to make energy production more sustainable by improving the use of water in unconventional operations.”
The partnership was launched in January as an ambitious joint technology-focused program to drive industrial solutions to some of the biggest challenges facing global oil and gas production. The initiative seeks to reduce the environmental impact of oil and gas development and production by accelerating the development of environmentally and economically sustainable energy solutions.
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.
Shares of The Charles Schwab Corporation (NYSE:SCHW), declined -0.34% to $32.39, during its last trading session.
Speaking from the main stage to a group of nearly 180 independent registered investment advisors (RIAs) at its annual EXPLORE™ conference Bernie Clark, executive vice president and head of Schwab Advisor Services, commended them on their continued growth, noting that “the industry is in a position of undeniable strength.” He also struck a tone of urgency, telling advisors complacency has no place in the RIA industry given the exponential enhance in the speed of change and the knowledge that the ways in which advisors compete and serve clients today will be different tomorrow.
During the course of his remarks, Clark commented on the industry’s success and the fact that RIAs have won the trust of clients — evidenced by the average 97 percent retention rate of clients year-over-year that advisors report and by the fact that client referrals continue to drive organic growth.
“You continue to come out on top and I am confident you’ll continue to win,” said Clark. “Your clients have voted with their most important asset: their life’s savings and the financial well-being of their families. What you have done resonates with them and motivates them to refer their family and friends to you. With the wind at your back, you have freedom to take calculated risks, but also a deep sense of responsibility to make good decisions so your firms can continue to grow.”
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Finally, Trimble Navigation Limited (NASDAQ:TRMB), ended its last trade with -0.59% loss, and closed at $23.39.
Trimble Navigation Limited, declared TILOS version 9.0 time and location planning software for highways, railways, pipelines, tunnels, water engineering, transmission line construction and other linear civil engineering projects. Trimble® TILOS merges technical and plan information into one dynamic plan, giving users more information than Gantt charts or network diagrams alone. The new version of TILOS offers better linear construction project visualization and improved integration with Primavera project administration software and Trimble Business Center – HCE office software for heavy civil construction takeoff and data preparation.
Trimble Navigation Limited provides technology solutions to enhance the work processes of office and mobile field professionals worldwide. The company’s Engineering and Construction segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software.
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