On Monday, FMC Technologies, Inc. (NYSE:FTI)’s shares declined -0.05% to $41.70.
FMC Technologies, Inc. (FTI) declared that it has received an order from BP Exploration (Shah Deniz) Ltd. to supply subsea production systems for Well Clusters 3-5 of the Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $297 million in revenue and is in addition to the initial order for Well Clusters 1-2 received in 2014 from BP, the operator of the Shah Deniz Stage 2 project. The Shah Deniz field is located offshore in the Azerbaijan sector of the Caspian Sea, about 100km south of Baku.
FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. The company operates through Subsea Technologies, Surface Technologies, and Energy Infrastructure segments. The Subsea Technologies segment offers subsea systems for the offshore production of crude oil and natural gas; and well access and flow administration services, counting installation and workover tools, service technicians for installation assistance, and field support services.
Dominion Resources, Inc. (NYSE:D)’s shares gained 0.31% to $68.26.
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.
At the end of Mondays trade, Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU)‘s shares surged 3.40% to $7.29.
Mitsubishi UFJ Financial Group Inc (ADR) (MTU) declared that it ranks amongDiversityInc’s 2015 Top 10 U.S. Regional Companies for Diversity, ranking sixth on the “Regional Companies” specialty list. MUFG typically outperforms larger banks on DiversityInc’slist of the Top 50 Companies for Diversity.
The Top 10 Regional Companies for Diversity list recognizes companies for inclusive practices in the following four areas:
1) CEO/Leadership Commitment, counting accountability, personal communications, and visibility
2) Equitable talent development, counting Employee Resource Groups (ERGs)
3) Pipeline, counting workforce demographics and recruitment
4) Supplier diversity, counting working with small businesses in disadvantaged areas and other underrepresented and underserved groups
Mitsubishi UFJ Financial Group, Inc., through its auxiliaries, provides financial services in Japan and internationally. Its Integrated Retail Banking Business Group segment offers a range of banking products and services, counting financial consulting services; deposit products comprising non-interest-bearing deposit accounts; asset administration and administration services; trust products; and other investment products. This segment also provides insurance products, such as annuity, single premium whole life, flat-rate premium whole life, medical, cancer, and nursing-care insurance; testamentary trust services; housing loans; and Internet banking services, in addition to is involved in credit card business.
GameStop Corp. (NYSE:GME), ended its Monday’s trading session with 1.83% gain, and closed at $43.88.
GameStop Corp. (GME) declared they have reached a definitive agreement under which GameStop will acquire all of the outstanding shares of Geeknet’s common stock for $20.00 per share in cash. The transaction has been approved by the board of directors of both companies and will be accomplished by means of a tender offer. The transaction has a total equity value of about $140 million, counting $37 million of cash and cash equivalents as of March 31, 2015.
Geeknet also declared that it had terminated its formerly declared merger agreement with Hot Topic, Inc. (“Hot Topic”). Following talk aboution with both GameStop and Hot Topic, the Board of Directors of Geeknet determined that the GameStop transaction represented a superior proposal. Geeknet will pay Hot Topic a termination fee following the Hot Topic agreement, for which GameStop has agreed to reimburse Geeknet.
GameStop Corp. operates as a multichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, counting downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software.
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