On Monday, Shares of General Electric Company (NYSE:GE), gained 0.15% to $27.31.
To meet environmental emissions restrictions without reducing efficiency or increasing operational costs, Compañia Española de Petróleos (CEPSA), one of Spain’s leading petrochemical companies, has adopted new General Electric gas turbine technology at its Gibraltar-San Roque refinery.
Developed by GE’s Power Generation Services business, the fuel-flexible High Hydrogen Fuel DLN1 technology raised the gas turbine’s efficiency by enabling it to use recycled refinery fuel gas (RFG) without needing additional water to generate power.
Refinery gases are used as fuel for CEPSA’s internal processes with excess gas flared. GE’s turbine configuration recaptures and reduces waste gas that otherwise must be flared or burned off. The gas, known as RFG, is a typical byproduct of the refining process and contains hydrogen and hydrocarbons, which contribute to greenhouse gases.
Using GE’s technology, refineries around the world can reduce both water consumption and emissions, assisting them comply with tightening environmental regulations while also reducing operating expenses.
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 Alibaba Group Holding Limited (NYSE:BABA), declined -1.53% to $87.11, during its last trading session.
Alibaba Group, will hold its inaugural Global Conference on Women and Entrepreneurship on May 20-21 in Hangzhou, China at the Dragon Hotel. The aim of the conference is to spark dialogue and action on what can be done to encourage more women to pursue their professional and personal ambitions.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace that focuses on global trade among businesses; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
At the end of Monday’s trade, Shares of American Realty Capital Properties, Inc. (NASDAQ:ARCP), gained 1.53% to $9.27.
American Realty Capital Properties, declared the recipients of its annual awards for leasing excellence. The fifth annual leasing awards recognize the top professionals leasing accessible retail space on behalf of the company across its owned and managed net lease portfolio. The recipients were personally honored during an awards ceremony in conjunction with ICSC RECon in Las Vegas on May 17.
The Leasing Broker of the Year, the program’s most prestigious award, was presented to the team of Liz Krebs, Katie Hennegan and Angela Gasbarro of Mid-America from the company’s Oakbrook Terrace, IL office. The team has represented the company for eight years, and presently leases two shopping centers representing about 210,000 square feet. The team was recognized for their prospecting acumen, cultivating new tenant relationships, timeliness with reports and market data, and professionalism in representing the company’s assets. Their efforts resulted in multiple new lease transactions during the past year, bringing one center to 100% leased and backfilling a large anchor tenant in the other.
American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants.
Finally, Mylan N.V. (NASDAQ:MYL), ended its last trade with 1% gain, and closed at $71.38.
Perrigo Co.’s chief executive officer said there’s a price at which deal talks with Mylan NV could happen, though the rival drugmaker’s current bid is nowhere near there, according to Bloomberg.
Perrigo last month rejected Mylan’s latest offer of $75 in cash and 2.3 Mylan shares for each Perrigo share, which had a value of about $32.7 billion.
As it attempts to buy Perrigo, Mylan is the subject of a takeover offer by Teva Pharmaceutical Industries Ltd., which it has rejected. Perrigo estimates Mylan’s offer as being worth $202 a share, saying Mylan’s shares have been inflated. Mylan has said the offer for Perrigo is worth $232.23 a share. Papa declined to comment on what price he wants. Bloomberg Reports.
Mylan N.V., through its auxiliaries, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide. The company provides generic or branded generic pharmaceutical products in tablet, capsule, injectable, or transdermal patch forms, in addition to active pharmaceutical ingredients (APIs).
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