On Thursday, Shares of Frontier Communications Corporation (NASDAQ:FTR), gained 3.07% to $5.03.
Frontier Communications Corporation, declared that Kathleen Weslock will join the company as Executive Vice President and Chief People Officer, effective July 13, 2015. She will report to Daniel J. McCarthy, President and Chief Executive Officer, and serve as a member of the company’s Senior Leadership Team.
Ms. Weslock will oversee all aspects of human resources, counting both planned direction and daily operations. She will also be responsible for labor relations, transformation and growth. She will play a noteworthy role in the integration of 11,000 employees who will join Frontier following completion of the company’s pending transaction to acquire Verizon wireline assets in California, Florida and Texas. The acquisition is predictable to close in early 2016.
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.
Shares of Morgan Stanley (NYSE:MS), inclined 0.53% to $39.91, during its last trading session.
Morgan Stanley, will construct a new playground as part of its Morgan Stanley Healthy Cities Chicago initiative. In partnership with KaBOOM!, a national nonprofit dedicated to bringing balanced and active play into the daily lives of all children, Morgan Stanley employee volunteers will assist build the safe play space that will benefit more than 300 kids from Chicago Collegiate Charter School and the surrounding community.
Over the past year, Morgan Stanley Healthy Cities Chicago has partnered with Feeding America, the nation’s leading domestic hunger-relief charity, KaBOOM!, and local nonprofit organizations to provide crucial wellness, nutrition and play services that give kids a healthy start in life. Through July 2015, Healthy Cities programming in Chicago has delivered more than 396,000 pounds of nutritious food to over 700 students and their families, wellness and nutrition education materials to more than 3,000 individuals, and created safe play spaces for nearly 1,000 children. Local nonprofits that served as key partners in the initiative comprise the Greater Chicago Food Depository, Ronald McDonald Children’s Hospital and Chicago Run.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide.
Finally, Ericsson (NASDAQ:ERIC), ended its last trade with 1.54% gain, and closed at $10.55.
Ericsson stated second quarter results 2015.
Stated sales raised by 11%. Sales, adjusted for comparable units and currency, reduced by -6% YoY, mainly influenced by less capacity business in North America. Profitability improved sequentially, driven by a strong development in segment Networks.
Business
The mobile broadband business in North America stabilized in the quarter, but remained at a lower level than a year ago. The YoY decline in North America was partly offset by an raised pace of 4G deployments in Mainland China. Sales growth was strong in the Middle East, India and South East Asia, while it continued to be weak in Japan. Professional Services sales raised YoY with continued strong global demand and growth in all ten regions.
The OSS & BSS business had a favorable development YoY, contributing to sales both in Professional Services and segment Support Solutions.
Segment Networks sales raised by 18% sequentially, supported by the stabilized mobile broadband sales in North America.
Ericsson provides communications technology and services worldwide. The company’s Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud.
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