On Thursday, Shares of FirstEnergy Corp. (NYSE:FE), subtract -4.84% and closed at $31.85 in the last trading session. The last trading range of the stock ranges between $31.79 and $33.37. Mon Power, a FirstEnergy Corp. (FE) utility, has inspected nearly 23,000 wooden utility poles this year for signs of wear, insect infestation or damage from motor vehicle accidents as part of the company’s annual inspection program. The company anticipates to replace or repair about 320 wooden utility poles this year, which would stretch nearly 2.5 miles if laid end to end.
A standard 40-foot wooden distribution pole typically is expected to last more than 50 years. The most common utility pole is made from a Southern Yellow Pine tree and costs about $400. Mon Power will spend about $1.4 million to inspect, replace and repair utility poles in 2016.
Corning Incorporated (NYSE:GLW), dropped -0.09% and closed at $23.19 in the last trading session. The last trading range of the stock ranges between $23.17 and $23.58. The company’s Market capitalization is $22.11 Billion with the total Outstanding Shares of 951.23 million. Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for liquid crystal displays (LCDs) used in LCD televisions, notebook computers, and flat panel desktop monitors. The Optical Communications segment manufactures optical fiber and cable; and hardware and equipment products comprising cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also offers subscriber demarcation, connection and protection devices, passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry and microwave applications. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary, and gasoline and diesel applications. The Specialty Materials segment manufactures products that provide about 150 material formulations for glass, glass ceramics, and fluoride crystals. The Life Sciences segment manufactures and supplies scientific laboratory products consisting of consumables, such as plastic vessels, specialty surfaces, and media, in addition to general labware and equipment for cell culture research, bioprocessing, genomics, drug discovery, microbiology, and chemistry. It also engages in a pharmaceutical glass vessel and a tubing business; and precision materials non-LCD business, in addition to precision laser cutting/shaping technologies, and flow reactors and adjacency businesses for glass.