Stocks Making Headlines: World Energy Solutions, Inc. (NASDAQ:XWES), Tenet Healthcare Corp. (NYSE:THC), BorgWarner Inc. (NYSE:BWA)
Dallas, Texas, 09/24/2014 (ustrademedia) – World Energy Solutions, Inc. (NASDAQ:XWES) announced to be selected by WME (Western Massachusetts Electric) Co., as an approved contractor for its Project Expeditor Program. WME Co. is an electric utility that serves more than 200,000 customers in Western Massachusetts. The company is approved by the utility to provide energy conservation measures including energy management systems, lighting, HVAC and installing VFD (Variable Frequency Drives) for customers across the WME Co. service territory. The program is designed to facilitate mid- and large- businesses with monthly demand of average 300 kW reduce energy costs. The company is a “preferred” provider in five utility programs in Massachusetts and Connecticut.
Tenet Healthcare Corp. (NYSE:THC) company, Conifer Health Solutions® announced to sign a definitive agreement to acquire SPi Healthcare, which provides health information management, software solutions and revenue cycle management to provider-owned and independent physician practices. The transaction is valued at $235 million and is expected to close in 4Q14, subject to customary closing conditions. SPi CEO, John O’Donnell will join Conifer as part of this transaction and report directly to Conifer President and CEO Stephen M. Mooney. Mr. Mooney expressed that the SPi is now a recognized leader in the physician revenue cycle market driven by its sustained leadership and service delivery excellence.
BorgWarner Inc. (NYSE:BWA) announced that the company supplies it wet friction technology for use in Volkswagen’s new DQ 400e dual-clutch, hybrid transmission. The company’s technology will be first seen in the 2014 launch of Golf and Audi A3 e-tron. BorgWarner’s technology will improve shift performance, fuel economy and noise, vibration and harshness for all three clutches fitted in new hybrid vehicles. The mechanics allow seamlessly connecting and disconnecting the electric engine from the drivetrain. The company’s advanced friction materials facilitate improved heat resistance, reliable operation and high torque capacity for the latest transmission designs that require improved durability and shift quality.