On Monday, ARRIS Group, Inc (NASDAQ:ARRS)’s shares declined -1.39% to $28.78, after ARRIS Group, Inc (ARRS), and Conax declared they will be demonstrating the joint capabilities of ARRIS’s DASH repackaging and Conax’s multi-DRM encryption at the annual NAB Show on April 13-16 in Las Vegas.
ARRIS’s Spectrum SDC enables service providers to reduce storage and delivery costs by removing the need to encode, encrypt and store each file in multiple formats. The demo will showcase how the solutions enable service providers to monitor and control each IP video stream, enabling raised per-session quality and security administration through integration with Conax’s DRM technology and UXP Systems’ unified IPTV access. By implementing this repackaging solution, providers will benefit from improved support for Smooth Streaming-to-DASH, using ordinary encryption format.
“ARRIS is collaborating with its customers around the world to invent the future of entertainment,” said Brian Collie, Vice President, Video Content Delivery at ARRIS. “We are pioneering those initiatives through software like Spectrum SDC. It’s setting a new standard for DASH repackaging that’s enabling service provider partners to realize new cost savings with IP video delivery and storage, while allowing its subscribers to enjoy seamless entertainment across multiple devices.”
ARRIS Group, Inc. provides media entertainment and data communications solutions in the United States and internationally. The corporation operates in two segments, Customer Premises Equipment and Network & Cloud. The Customer Premises Equipment segment offers various product solutions, counting set-top boxes, gateways, digital subscriber lines and cable modems, and embedded multimedia terminal adapters and voice/data modems that enable service providers to offer voice, video, and high-speed data services to residential and business subscribers.
Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU)’s shares dropped -1.38% to $6.45, during the last trading session on Monday, on April 9, In a historic move, Mitsubishi UFJ Financial Group, Inc. (MUFG), declared that Stephen E. Cummings, a former UBS executive, will join the corporation as the first American President and Chief Executive Officer of MUFG Union Bank, N.A., the banking partner of MUFG Americas Holdings Corporation. Mr. Cummings, 59, will also have authority over all of The Bank of Tokyo-Mitsubishi UFJ’s (BTMU) U.S. businesses, counting its New York branch and other branch offices1. He will become a member of the Board of Directors of MUFG Union Bank and he will be based in New York.
The appointment of Mr. Cummings represents a noteworthy departure from MUFG’s tradition of appointing Japanese executives from the parent corporation to serve as CEO in the American market. He was selected after a national search conducted by MUFG and MUFG Union Bank’s Board of Directors. “Steve is a talented and respected executive with more than 35 years of financial services experience. We are fortunate to have him join us during this important phase, as MUFG pursues profitable, sustainable growth throughout the Americas,” said MUFG President and CEO Nobuyuki Hirano.
“I have long believed that a longer-term CEO position held by an executive native to this market is key to the continuity of business and relationships with customers and communities, in addition to a deeper understanding of the regulatory environment,” said Masashi Oka, Executive Chairman and Acting President and CEO of MUFG Americas Holdings Corporation and MUFG Union Bank. “Steve is the right leader at the right time to take full advantage of this position and guide us during this transformational period of our bank’s history.”
Mitsubishi UFJ Financial Group, Inc., through its auxiliaries, provides financial services in Japan and internationally. Its Integrated Retail Banking Business Group segment offers a range of banking products and services, counting financial consulting services; deposit products comprising non-interest-bearing deposit accounts; asset administration and administration services; trust products; and other investment products.
At the end of Monday’s trade, Honeywell International Inc (NYSE:HON)‘s shares dipped -1.36% to $103.28, as Honeywell International Inc (HON), and NASA’s award-winning, hip-hop physics education program, FMA Live! Forces in Motion, is making its way to Northeastern U.S. middle schools this spring. Aiming to inspire students to learn and enjoy math and science in a compelling, fun and memorable way, the popular show is in high demand, having been performed before 400,000 students in all 48 contiguous U.S. states, in addition to in Mexico and Canada, since its creation in 2004.
The spring tour is rolling into Massachusetts and New Hampshire this week, hosting several shows at local middle schools in Chatham, MA (Monomoy Regional Middle School), Worcester, MA (University Park Campus School, Worcester East Middle School, Claremont Academy and Sullivan Middle School), and Allenstown, NH, (Armand R. Dupont School).
“As a technology-based corporation, it’s our aim to prepare the next generation of engineers, scientists and innovators, but to do that, you have to capture a student’s interest,” said Mike Bennett, president, Honeywell Hometown Solutions, the corporation’s global corporate citizenship initiative. “With FMA Live! Forces in Motion, students are experiencing science and technology firsthand, rather than reading about it in a textbook. This show assists students understand how science and technology apply to their everyday lives.”
Honeywell International Inc. operates as a diversified technology and manufacturing corporation worldwide. Its Aerospace segment provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, and defense and space contractors; and spare parts, and repair and maintenance services for the aftermarket.
Frontier Communications Corp (NASDAQ:FTR), ended its Monday’s trading session with -1.35% loss, and closed at $7.33, after Frontier Communications Corp (FTR), declared that John Lass has been promoted to Executive Vice President, Field Operations. In his new position, which became effective April 3rd, Mr. Lass is responsible for Frontier‘s operations throughout 28 states, Network Operations, and Carrier and Wholesale Operations. Most recently, Mr. Lass was based in Fort Wayne, Indiana as President of Frontier’s Central Region, comprising Illinois, Indiana, Iowa, Michigan, Minnesota and Nebraska.
Mr. Lass’ tenure with Frontier comprises a variety of operating roles as well as leadership of integration activities related to noteworthy mergers and attainments. He served as Vice President of Proceed Assurance and as Regional Operations Vice President, Vice President and General Manager of Citizens Utilities Vermont Electric Division, and held operations positions in New York and the Midwest with Frontier, GTE and Contel.
Frontier Communications Corporation, a communications corporation, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. The corporation offers residential services, such as fiber-to-the-home and fiber-to-the-node broadband, video, and voice over Internet protocol products, in addition to traditional copper-based broadband products; and commercial services, counting Ethernet, dedicated Internet, multiprotocol label switching, time division multiplexing, data transport services, and optical transport services.
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