On Thursday, Shares of General Electric Company (NYSE:GE), subtract -0.45% and closed at $28.77 in the last trading session. The last trading range of the stock ranges between $28.66 and $28.90. GE Digital recently declared that long-time GE (GE) customer, Spirit AeroSystems (SPR), embarked on a factory modernization program using a GE Brilliant Manufacturing solution. Looking to increase production of critical aviation industry products, Spirit AeroSystems will implement Efficiency Analyzer on Predix, GE’s operating system for the Industrial Internet.
According to Gartner, “clients report that on average, 70% of factory generated data goes unused recently.”1 With Efficiency Analyzer, manufacturers can transform real-time machine data into actionable production efficiency metrics. Part of GE’s Brilliant Manufacturing Suite, this module can assist companies avoid unplanned downtime, increase productivity of processes by identifying bottlenecks, and facilitate raised personnel efficiency.
“Spirit AeroSystems has taken advantage of its partnershipwith GE to implement Efficiency Analyzer on a cross section of machine tools used in the manufacturing process,” said Paul Boris, Vice President, Manufacturing Industries for GE Digital. “Using Predix assisted the company solve its challenges and iterate quickly on potential solutions. Spirit AeroSystems’ commitment to quality, and ability to be forward-thinking in how to leverage data to drive positive outcomes for the business are the true marks of a digital industrial company.”
Barclays PLC (ADR) (NYSE:BCS), dropped -0.73% and closed at $8.16 in the last trading session. The last trading range of the stock ranges between $8.02 and $8.20. The company’s Market capitalization is $33.56 Billion with the total Outstanding Shares of 16.91 Billion. Barclays Bank PLC (“Barclays”) declared recently that the iPath® MSCI India IndexSM Exchange-Traded Notes (the “ETNs”) have been determined to be subject to certain regulations and recent circulars issued by the Securities and Exchange Board of India (“SEBI”) regardingoffshore derivative instruments linked to Indian equity securities. These regulations and circulars include requirements that cannot be complied with in the context of the ETNs. As a result, SEBI has advised Barclays not to issue additional ETNs and that the positions being held in the ETNs may only continue until December 31, 2020.
Barclays formerly restricted further sales from inventory and further issuances of the ETNs in 2009. Barclays is presently considering steps to comply with the SEBI decision by December 31, 2020 and will make a further declarement in due course. These steps may result in the ETNs ceasing to be listed and publicly traded.
This declarement may cause fluctuations in the price of the ETNs in the secondary market, and it is possible that the market price of the ETNs may at any time reflect a premium or a discount to the daily redemption value of the ETNs. Shareholders should exercise extreme caution before purchasing or selling ETNs at a time when market prices are volatile or when a premium or discount to the daily redemption value exists.
FMC Technologies, Inc. (NYSE:FTI), jumped 1.34% and closed at $31.85in the last trading session. The last trading range of the stock ranges between $31.24 and $31.99. During the 52-week trading session the minimum price at which share price traded, registered at $22.30 and reached to max level of $35.93. FMC Technologies, Inc., together with its auxiliaries, designs, manufactures, and services technological systems and products for customers in the energy industry worldwide. It 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 installation, asset administration, product optimization, and well access and intervention services, in addition to inspection, maintenance, and repair services. This segment also provides electric and hydraulic work-class remotely operating vehicle, tether-administration, launch and recovery, remote manipulator arms, and modular control systems for subsea applications, in addition to support services, such as product training, pilot simulator training, spare parts, and technical assistance; and offers multiphase and wetgas meters to measure production rates of oil, water, and gas for topside and subsea applications. The Surface Technologies segment offers wellhead systems for standard and custom-engineered applications; fluid control products for the well completion and stimulation activities; and flowback, cased hole electric wireline and slickline, specialty logging, and well optimization services. The Energy Infrastructure segment provides measurement products, such as flow computers and control systems, and gas and liquid measurement systems, in addition to floating production, storage, and off-loading metering systems; and design, engineering, project administration, training, commissioning, and aftermarket services. This segment also offers land- and marine-based loading and transfer systems for ship-to-ship loading and offloading operations; systems that separate production flows from wells into oil, gas, sand, and water; and automation, control, and information technology services.