On Tuesday, Apple Inc. (NASDAQ:AAPL)’s shares inclined 0.72% to $125.43.
California’s Glendale Water & Power (GWP), in collaboration with Dominion Voltage Inc. (DVI), a grid-optimization subsidiary of Dominion Resources (D), has executed a full deployment license agreement for the use of DVI’s EDGE® advanced grid optimization solution.
GWP selected one feeder with about 3,800 electric meters for the pilot. DVI and GWP monitored the system and calculated energy savings from October 2014 through November 2014. The testing validated the predictable energy savings of 2.95 percent, well within the anticipated range of 2-4 percent. This reduction resulted in a savings of 87 megawatt hours (MWh) without requiring a change in customer behavior; when fully deployed, GWP anticipates to save more than 14,500 MWh each year.
EDGE® seamlessly integrates into a utility’s existing IT infrastructure and can obtain voltage readings from the existing AMI system. EDGE® optimizes the utilities’ field devices by issuing commands over an existing wide area network to optimize the distribution system voltage.
Dominion Resources, Inc. produces and transports energy in the United States. The company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. The DVP segment engages in regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
Gerdau SA (ADR) (NYSE:GGB)’s shares dropped -4.74% to $2.41.
Gerdau SA (ADR) (GGB)’s North American long steel business division, (NYSE: GGB, gerdau.com/longsteel) earned two American Metal Market Awards for Steel Excellence, counting “Information Technology Company of the Year” and “Product Innovation of the Year.” It is only the second time a company has won two awards from the organization in one year.
Gerdau won “Information Technology Company of the Year” for the e-commerce platform, eGerdau, which was launched in November 2014. The new eGerdau brings technology enhancements based on customer’s needs that are mutually beneficial to Gerdau as well. The tool saves both parties time, enhances customer engagement, downloads and retrieves customer documents and facilitates the ease of doing business.
Gerdau was also awarded the “Product Innovation of the Year” award for GGMULTI, a merchant bar quality product with 10 different grades and standards. It is designed for high performance, achieving comprising strength specifications with low carbon content. It is offered in varying shapes and sizes of angles, channels and flats. By combining several grades into one, there are many benefits for both Gerdau and the customer such as reduced inventory and simplification on the purchasing and warehouse processes.
Gerdau S.A. produces and commercializes steel products worldwide. It operates through Brazil, North America, Latin America, Special Steel, and Iron Ore segments. The company provides semi-finished products, which comprise billets that are bars from square sections of long steel that serve as inputs for the production of wire rod, rebars, and merchant bars; blooms for use in the manufacture of springs, forged parts, heavy structural shapes and seamless tubes; and slabs, which are used in the steel industry for the rolling of various flat rolled products, in addition to to produce hot and cold rolled coils, heavy slabs, and profiles.
At the end of Tuesday’s trade, Fortune Brands Home & Security Inc (NYSE:FBHS)‘s shares surged 1.21% to $45.82.
Fortune Brands Home & Security, Inc. (FBHS), an industry-leading home and security products company, declared that yesterday it priced a $900 million registered public offering of senior unsecured notes. The Company intends to use the proceeds from the notes offering to pay down its current revolving credit facility and for general corporate purposes.
The transaction comprises of two tranches: $400 million of 5 year notes due 2020 with a coupon of 3.00 percent and $500 million of 10 year notes due 2025 with a coupon of 4.00 percent.
In advance of the notes offer the Company received the following investment grade ratings: Standard & Poor’s BBB, Fitch BBB and Moody’s Baa3.
Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, security applications, and storage. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, in addition to vanities for the kitchen, bath, and other parts of the home under various brand names, counting Aristokraft, Kitchen Craft, Kitchen Classics, Omega, Schrock, Homecrest, Decorá, Diamond, St. Paul, Kemper, Thomasville, and Martha Stewart Living in North America. The Plumbing segment manufactures or assembles, and sells faucets, accessories, and kitchen sinks under the Moen brand name in North America, China, Southeast Asia, and South America.
Amphenol Corporation (NYSE:APH), ended its Tuesday’s trading session with 1.99% gain, and closed at $57.97.
Amphenol Corporation (APH) confirmed that its Board of Directors approved the second quarter 2015 dividend on its Common Stock in the amount of $.125 per share at its meeting held on April 30, 2015. The Company will pay this second quarter 2015 dividend on or about July 3, 2015 to shareholders of record as of June 10, 2015.
Amphenol Corporation, together with its auxiliaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment produces connectors and connector systems, counting fiber optic, harsh environment, high speed, and radio frequency interconnect products, in addition to antennas; power interconnect products, bus bars, and distribution systems; and other connectors. It also offers value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable administration products; and other products comprising antennas, printed circuit boards, hinges, installation accessories, molded parts, sensors and sensor-based products, switches, and touch panels and lenses.
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