GE JVs With Parker Hannifin and 3 Hot Stocks Change Hands
Staples, Inc. (NASDAQ:SPLS) reports that its Q3 North American Retail sales reached $2.6 billion, and its Q3 International Operatoins sales totaled $1.1 billion.
KiOR Inc (NASDAQ:KIOR) is one of two companies that have been successful in building multimillion-dollar factories for cellulosic biofuels, and it claims that it is very close to beginning large-scale, commercial production and would start to ship its renewable crude by the month’s end, according to yesterday’s The New York Times.
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Qihoo 360 Technology Co Ltd (NYSE:QIHU) recently launched a new version of its So.com search engine optimized for mobile, Marbridge Daily reports, citing Beijing Business Today. The mobile search interface has the same basic design as the desktop version, but currently features only the Qihoo 360 logo and search bar, the publication notes.
General Electric Co. (NYSE:GE): Parker Aerospace, which is an operating segment of Parker Hannifin (NYSE:PH), along with GE Aviation’s announcement that they came to an agreement to form a joint venture, named Advanced Atomization Technologies, LLC, to improve the development and manufacture of commercial aircraft engine fuel nozzles. This is a representation of a critical addition to the comprehensive GE fuel management team. The 50-50 joint venture was created mainly as a way to produce fuel nozzles for current and future GE Aviation commercial engine platforms, and they will be in the Parker Gas Turbine Fuel Systems Division facility in Clyde, New York. The joint venture is expected to provide employment to about 300 skilled assemblers, technicians, engineers, and other professionals in the production of advanced fuel nozzles and related products for GE Aviation. No financial information in regards to the joint venture has been revealed.