General Electric Company (NYSE:GE) has been named to upgrade TransCanada Energy’s MacKay River 165-megawatt cogeneration plant, which possesses advanced tech that should supply more power capacity while at the same time enabling the facility to maintain a low emissions footprint. The former will provide a solution that should ensure high operational reliability, elevated output, and alignment with the area’s clean energy policies while it supplies electricity and steam for oil sands extraction at the installation, located northwest of Fort McMurray, Alberta.
The Boeing Company (NYSE:BA) has received an order for 50 slim-body 737 jets having a $5 billion catalog value as Alaska Air Group (NYSE:ALK) recharges its main fleet and lands a round of bookings by the biggest American carriers.
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AT&T (NYSE:T) aims at smaller deals and acquisitions to obtain its spectrum requirements. The wireless carrier recently filed applications with the Federal Communications Commission requesting its okay to exchange wireless spectrum with T-Mobile in 55 markets across 17 states.
Home Depot (NYSE:HD) Chief Executive Frank Blake told FOX Business Network’s (NYSE:FBN) Liz Claman how his firm is doing and also about the condition of the housing market. As for Home Depot’s performance, “We are doing well, it’s not a recovery, but a kind of thawing out.” Blake also characterized the impact of the Federal Reserve in QE3, remarking that their pro-business is finally beginning a recovery after a hard blow during the downturn, but it’s “not growing as fast as the consumer business,” adding that Florida, California and Arizona, “the hardest hit areas,” are also starting to recover.
Bank of America Corporation (NYSE:BAC) is seeing almost one in six of its employees (around 42,000 persons) spend their time servicing the company’s problem loans, says Reuters. The firm, which is based in Charlotte, has experienced rising costs in that mortgage servicing area that jumped by 29 percent year-over-year from 2011 and around 7,000 employees have been added to its workforce, many of whom were taken from other areas within the bank.