On Tuesday, Alaska Air Group, Inc. (NYSE:ALK)’s shares declined -7.87% to $74.54.
Alaska Air Group, Inc. (ALK), the parent company of Alaska Airlines, Inc., and Horizon Air Industries, Inc., will declare its third quarter 2015 financial results on Thursday, October 22, 2015. A conference call is planned at 8:30 a.m. Pacific time/11:30 a.m. Eastern time. Interested parties may listen to the call via webcast at www.alaskaair.com/investors.
Alaska Air Group, Inc., through its auxiliaries, provides passengers and cargo air transportation services primarily in the United States. The company operates through Alaska Mainline and Alaska Regional segments.
SUPERVALU INC. (NYSE:SVU)’s shares gained 0.83% to $7.33.
SUPERVALU INC. (SVU) declared that Sam Duncan has informed the Company’s Board of Directors of his intention to retire as President and CEO on February 29, 2016, following the end of the Company’s fiscal year.
Duncan was named President and CEO in February 2013 in connection with the sale by SUPERVALU of five retail grocery banners to Albertson’s. Under Duncan’s leadership and direction, SUPERVALU has repositioned its three core business segments: Independent Business, Save-A-Lot and its five remaining regional Retail Food banners, in addition to assisted deliver enhances in shareholder value. Duncan, 63, is retiring to spend more time with his family in the Pacific Northwest.
SUPERVALU also recently declared that Bruce Besanko has been promoted to the newly-created role of Executive Vice President, Chief Operating Officer, reporting to Sam Duncan, and that Susan Grafton has been promoted to Executive Vice President, Chief Financial Officer, reporting to Bruce Besanko. Both appointments are effective right away. In his role as Chief Operating Officer, Besanko will retain oversight of the finance function, and assume oversight of the Company’s independent business operations, five regional Retail Food banners, and the Company’s merchandising, marketing, and pharmacy functions.
SUPERVALU INC., together with its auxiliaries, operates as a grocery wholesaler and retailer in the United States. The company operates through three segments: Independent Business, Save-A-Lot, and Retail Food.
At the end of Tuesday’s trade, Marsh & McLennan Companies, Inc. (NYSE:MMC)‘s shares dipped -1.43% to $53.00.
According to the 2015 International Business Resiliency Survey, conducted by Marsh, a global leader in insurance broking and risk administration, and Disaster Recovery Institute International (DRII), firms consider cyber and IT-related risks to be the most likely to occur and have the greatest potential impact on their operations.
Marsh, in partnership with DRII, surveyed nearly 200 C-suite executives, risk professionals, and business continuity managers from large and medium-sized corporations internationally about their organizations’ attitudes toward business risks and the risk mitigation processes they have in place. The survey results indicate that organizations are better positioned to address traditional risks than non-traditional risks and that risk managers and CEOs have different perceptions about the severity and control measures in place for various risks facing their organizations.
Among 10 suggested risk scenarios, the top risks in terms of impact and likelihood are: reputational damage from a sensitive data breach (impact 79% - likelihood 79%); the failure in a main IT data center (59% - 77%); and online services being inaccessible due to a cyber attack (58% - 77%). The risks with the lowest potential impact originate from a product recall event (15% - 21%).
According to the survey, CEOs overestimate their levels of protection for the most likely and high-impact risks: 28% stated they have dedicated insurance coverage against cyber attacks and 21% stated they have dedicated insurance protection for reputation damage after a data breach. However, only 6% of risk managers stated that they have dedicated coverage for these risks.
Marsh & McLennan Companies, Inc., a professional services firm, provides advice and solutions primarily in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services; and Consulting.
Cognizant Technology Solutions Corp (NASDAQ:CTSH), ended its Tuesday’s trading session with -0.20% decreased, and closed at $64.98.
Cognizant (CTSH) declared it has been placed in the “Winner’s Circle” in the new HfS Research Blueprint Report: Internet of Things (IoT) Service Providers. HfS Research is a leading independent global analyst firm for the business and IT services industry. IoT involves the instrumenting and networking of physical devices in ways that generate large volumes of potentially meaningful business data. HfS defines IoT services as those that design, create, and manage a pathway for the physical world to enter the “As-a-Service Economy” by creating a bridge between hard goods and services, and digital infrastructure.
The HfS Blueprint: Internet of Things Service Providers report evaluated 18 major providers on a number of criteria to determine their ability to deliver services and drive transformation. Service providers demonstrating excellence in execution and innovation are placed in the “Winner’s Circle.”
Cognizant is recognized in this report for its integrated IoT services reflecting the fabric of its corporate thought leadership based on its Code Halos™ concept (the information that surrounds people, organizations and devices that is digital fuel), and on its broader digital capabilities.
Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other.
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