On Friday, Shares of United Technologies Corporation (NYSE:UTX), gained 1.60% to $89.77.
Audible alarms are a requirement of NFPA 72, the National Fire Alarm and Signaling Code, which mandates alarms in sleeping areas such as dormitories, multi-family dwellings, hotels and other properties use a low-frequency (520 Hz) tone to alert occupants of a fire or carbon monoxide emergency. Edwards, a global leader in fire and life safety solutions, now has a full line of low-frequency notification appliances that comply with this code. The new line of horns, speakers and sounder bases are UL-listed to the revised 520 Hz signaling standards. Edwards is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (UTX).
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services.
Shares of Atwood Oceanics, Inc. (NYSE:ATW), inclined 10.86% to $16.33, during its last trading session.
Atwood Oceanics, declared that, effective recently, one of its auxiliaries agreed to a one-year extension and rate adjustment to its existing contract with Kosmos Energy Ventures for the ultra-deepwater rig, the Atwood Achiever. The Atwood Achiever commenced its three-year drilling services contract with Kosmos Energy on November 12, 2014, for operations offshore Northwest Africa. The agreement adjusts the operating day rate to about $495,500, net of taxes, and extends the contract end date to November 12, 2018. As part of the agreement, Kosmos Energy has an option, which may be exercised at any time through October 1, 2016, to revert the contract to the original operating day rate and original end date. Exercising this option will result in a payment that comprises the difference in day rates, taxes, and an administrative fee covering the time periods for which the reduced day rate was invoiced.
Andrew G. Inglis, Chairman and Chief Executive Officer of Kosmos Energy, remarked, “Following our recent basin-opening discovery offshore Mauritania, the extension of the Atwood Achiever contract will enable us to continue executing our active exploration and appraisal program in the Atlantic Margin. We enjoy an excellent relationship with Atwood Oceanics, and the Achiever continues to deliver safe and reliable drilling performance for Kosmos Energy.”
Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells worldwide. As of November 10, 2014, it owned a fleet of 13 mobile offshore drilling units, in addition to 3 ultra-deepwater drill ships under construction. The company was founded in 1968 and is headquartered in Houston, Texas.
At the end of Friday’s trade, Shares of NiSource Inc. (NYSE:NI), gained 1.89% to $18.82.
Northern Indiana Public Service Company (NIPSCO), a NiSource Inc. (NI) company, presented a request seeking to adjust electric base rates – a change that must go through a thorough regulatory review process and wouldn’t take effect until mid-2016.
Since the company’s last request to change base rates five years ago, it costs more to produce and distribute power to customers, and NIPSCO continues to make considerable investments to improve service to customers.
NIPSCO’s request, which is decided by the Indiana Utility Regulatory Commission (IURC), seeks to find a balance between new rates that are fair to both customers and the utility. The request comprises evidence to support the requested improvement and demonstrates how the dollars will be used fully to the benefit of customers. It also satisfies the terms of a previous requirement to file a case by the end of 2015.
NiSource Inc., an energy holding company, provides natural gas, electricity, and other products and services in the United States. The company offers natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and provides wholesale and transmission transaction services.
Finally, Nimble Storage Inc (NYSE:NMBL), ended its last trade with 5.50% gain, and closed at $23.77.
Nimble Storage, declared that it is a recipient of the Global Technology Distribution Council’s (GTDC) prestigious “Rising Star” Award, which recognizes technology companies for exceptional regional sales growth through distribution partners over the past year. In 2013, Nimble signed a distribution agreement with Avnet Technology Solutions, a leading global technology distributor, enabling Avnet to sell the Nimble Storage Adaptive Flash platform and SmartStack integrated infrastructure solutions. Nimble Storage received the organization’s U.S. Gold Rising Star in the Hardware revenue of $100 - $500 million category.
Winners are selected based on year-over-year sales growth rates within the NPD Group’s Distributor Track, which aggregates actual distributor sell-through data to facilitate insight into technology channel sales and pricing trends. Nimble Storage was among only 12 U.S. winners chosen from hundreds of manufacturers and publishers who rely on distributors to meet the product and service requirements of technology solution providers nationwide.
Nimble Storage, Inc. provides flash-optimized storage platforms. The company’s software and storage systems handle various mainstream applications, counting virtual desktops, databases, email, collaboration, and analytics. It offers systems that provide adaptive performance for high-I/O applications and high-capacity environments, counting Exchange, Oracle, SharePoint, SQL Server, virtual desktop infrastructure, and server virtualization.
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