On Friday, Shares of Emerson Electric Co. (NYSE:EMR), lost -1.31% to $45.82.
Located 22 miles off the coast of Southern California, Catalina Island is home to about 4,000 people but hosts hundreds of thousands of tourists each year. Because of its isolation from the mainland, it relies on an independent “microgrid” to provide reliable power to the island. To assist manage the multiple sources of electric generation that feed the island’s microgrid more efficiently, Southern California Edison (SCE) will use automation technologies from Emerson Process Administration, a global business of Emerson (EMR).
Catalina Island’s Pebbly Beach Generating Station is both an electric generating station and a liquefied petroleum gas distribution facility. Emerson’s Ovation™ control system will assist SCE manage six diesel generators, 23 microturbines and a battery storage system, in addition to the island’s LPG plant and water treatment and desalination facilities.
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Administration, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
Finally, The Western Union Company (NYSE:WU), ended its last trade with -1.14% loss, and closed at $18.25.
The Western Union Company, declared zero-fee and The Western Union Foundation recently pledged disaster relief efforts to assist the communities in the island of Dominica, severely influenced by flooding and mudslides as a result of Tropical Storm Erika.
From September 2 to 8, The Western Union Company is offering zero-fee transaction from 26 countries, counting the United States, United Kingdom, France and the Caribbean at retail Western Union Agent locations. From Canada, there will be a $1 fee.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions.
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