Shares of Johnson Controls Inc (NYSE:JCI) ended Monday session in red amid volatile trading. The shares closed down -0.19 points or -0.41% at $46.34 with 4.76 million shares getting traded. Post opening the session at $46.32, the shares hit an intraday low of $46.21 and an intraday high of $46.86 and the price vacillated in this range throughout the day. The company has a market cap of $43.54 billion and the numbers of outstanding shares have been calculated to be 935.79 million shares.
Johnson Controls, the global leader in buildings and energy solutions, has been selected by the Alliance to Save Energy to receive the Star of Energy Efficiency Chairman’s Award in recognition of its innovative start-stop battery technology.
“We are honored to receive this award and recognition for our start-stop battery technology, which significantly saves fuel, reduces environmental impact and ultimately saves consumers money over the life of their vehicle,” said Kim Metcalf-Kupres, vice president and chief marketing officer, Johnson Controls.
Start-stop technology enables a vehicle’s engine to shut off during stops, such as red lights or traffic jams. Accessories such as lights, air conditioning and other functions continue to operate off stored battery power. When the driver lifts the foot off the brake, the engine seamlessly restarts and is ready to move the vehicle.
Start-stop technology, which is simpler and lower-cost than hybrid or electric vehicles and can improve fuel efficiency by up to 5 percent, has already been implemented in 35 million vehicles around the world, saving around 660 million gallons of fuel while cutting greenhouse gas emissions by 5.9 million metric tons per year.
By 2020, Johnson Controls predicts 50 percent of all new vehicles in the U.S. will have start-stop technology.
“Over the next five years, as we see adoption numbers go up, we are committing more than $780 million in battery capacity across the globe to support that growth,” said Metcalf-Kupres.
Shares of Hanesbrands Inc. (NYSE:HBI) ended Monday session in green amid volatile trading. The shares closed up +0.25 points or 0.99% at $25.50 with 3.02 million shares getting traded. Post opening the session at $25.16, the shares hit an intraday low of $24.90 and an intraday high of $25.53 and the price vacillated in this range throughout the day. The company has a market cap of $9.67 billion and the numbers of outstanding shares have been calculated to be 377.80 million shares.
Hanesbrands Inc. (HBI) announced the company is donating more than 23,000 items of clothing to residents affected by devastating flooding in Louisiana.
HanesBrands is partnering with Fashion Delivers, a New York based charity, to distribute three trailer loads of first-quality product, including T-shirts, socks, bras, underwear and other apparel, to flood victims.
“We have all seen the devastation the Louisiana floods have caused on so many levels – especially to the lives of the thousands of people directly affected, “HanesBrands is happy to provide this assistance and hope that it can provide some real help in this time of need,” said Chris Fox, HanesBrands vice president for corporate social responsibility.