On Wednesday, KB Home (NYSE:KBH)’s shares declined -0.20% to $14.85.
KB Home (KBH) declared that Andy Garrich has been named senior vice president of land acquisition and development for its Washington, D.C. Metro division. In this role, Garrich is responsible for all of the builder’s land acquisition activities and the development of new KB Home communities throughout the region.
Garrich joins KB Home with more than 25 years of land development experience in the Maryland and Virginia markets, and holds a Bachelor of Science degree in civil engineering from Virginia Tech.
KB Home offers homes throughout the Washington, D.C. metropolitan area that comprise as many as six bedrooms and range in price from the low-$300,000s to over $1,000,000. KB Home recently opened Autumn Overlook in Ellicott City and its Eastchurch community in Frederick, Maryland.
KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home.
Gevo, Inc. (NASDAQ:GEVO)’s shares gained 2.43% to $3.79.
Gevo, Inc. (GEVO) received a key endorsement today for the use of its renewable isobutanol by the marine industry, following support and recommendation for the use of isobutanol by the National Marine Manufacturers Association (NMMA) as an effective, less damaging, more suitable biofuel alternative than ethanol for powering various types of marine and recreational boat engines.
The NMMA is the leading association representing the recreational boating industry in North America. Its member companies produce more than 80 percent of the boats, engines, trailers, accessories and gear used by boaters and anglers throughout the U.S. and Canada. Over the last five years, the NMMA has worked together with Gevo, the US Department of Energy (DOE), Argonne National Laboratory, the US Coast Guard and others on the testing of isobutanol in a variety of marine engines. During this time, the NMMA has gathered a great amount of data supporting the viability of isobutanol as the preferred renewable fuel blendstock for gasoline-powered marine engines.
Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. The company operates in two segments, Gevo, Inc.; and Gevo Development/Agri-Energy.
At the end of Wednesday’s trade, NRG Energy Inc (NYSE:NRG)‘s shares surged 0.83% to $24.41.
Blue sky and sunshine have returned after weeks of rain and intense flooding, but a long recovery effort looms for many in Texas. More than 35 trillion gallons of rain – enough to cover the entire state in eight inches of water – fell in May, according to the National Weather Service, affecting thousands of lives.
To come to the aid of people who have been affected, Reliant, an NRG company, is donating $100,000 to support the American Red Cross’ ongoing disaster relief and emotional counseling efforts. In addition, NRG’s mobile power support vehicle, Power2Serve, has deployed to Wimberley and is set up to provide power and connectivity to Team Rubicon, a non-profit disaster relief organization of veterans, first responders and civilians coordinating clean-up, debris removal and volunteer administration in Hays and Caldwell counties.
NRG’s Power2Serve vehicle provides hands-on support when disasters strike. Power2Serve is a 26-foot long truck, equipped with solar and diesel generators and a custom canopy, dispatched to locations in need of support. The NRG Power2Serve team:
- Creates a transportable, climate-controlled pavilion where emergency personnel can gather to charge electronics, access Wi-Fi, stay up-to-date on news and more.
- Brings 40 kW of diesel and solar electric generators to power operations, lighting in the pavilion and a heavy extension cord to emergency administration centers.
NRG Energy, Inc., together with its auxiliaries, operates as a power company. The company provides electricity; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; carbon administration and specialty services; and various energy services, such as operations, maintenance, technical, development, and asset administration services. It owns and operates about 52,000 MWs of generation.
Caterpillar Inc. (NYSE:CAT), ended its Wednesday’s trading session with 0.76% gain, and closed at $87.25.
Caterpillar Inc. (CAT) voted recently to enhance the quarterly cash dividend by 10 percent to seventy-seven cents ($0.77) per share of common stock, payable August 20, 2015, to stockholders of record at the close of business on July 20, 2015.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The companys Construction Industries segment offers backhoe, small wheel, skid steer, multi-terrain, compact track, medium and compact wheel, and track-type loaders; mini, wheel, and track excavators; track-type tractors; and select work tools, motor graders, telehandlers, soil compactors, and pipelayers, in addition to its related parts for the heavy and general construction, rental, mining and quarry, and aggregates markets. Its Resource Industries segment provides electric rope and hydraulic shovels; draglines; drills; highwall and longwall miners; hard rock vehicles; articulated, large mining, and off-highway trucks; large wheel loaders; wheel tractor scrapers; wheel dozers; machinery components; and electronics and control systems for use in mining and quarry applications.
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