On Wednesday, Shares of Nokia Corporation (ADR) (NYSE:NOK), lost -1.26% to $6.64.
HERE, a Nokia company, declared that together with partners in the public and private sector it is forming the Open Mobile Ticketing Alliance, a one-of-a kind effort to develop global standards that would allow people to buy public transit tickets from a single app on their mobile devices in cities worldwide.
The aim of the Open Mobile Ticketing Alliance is to enable the vision of ‘Register once, travel anywhere’ by developing open, interoperable standards with payment vendors and transit operators.
Other founding members comprise transportation service providers Scheidt & Bachmann and Thales, and mobile payment provider Verifone Mobile Money. Public transit authorities implementing solutions based on OMTA benefit from lower fare-collection costs, while passengers can get the lowest possible fare based on how often they ride.
Nokia Corporation (Nokia) invests in technologies. The Company operates through three business segments: Nokia Networks, HERE and Nokia Technologies.
Shares of Quantum Corp (NYSE:QTM), inclined 0.59% to $1.70, during its last trading session.
Quantum Corp., declared that Claire Giordano, senior director of Emerging Storage Markets, will be presenting a Lightning Talk at the GEOINT Foreword Emerging Technology Pre-Symposium, hosted by the United States Geospatial Intelligence Foundation. Giordano will talk about how the geospatial intelligence community can discover patterns, connect the dots, and ultimately derive intelligence from data using specialized storage infrastructure built for collaboration.
Date: Thursday, July 16
Time: 11:10 a.m. Australian Eastern Standard Time (AEST)
Location: Room 1, Hordern Pavilion & Royal Hall of Industries, Moore Park, Sydney
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses to major enterprises in the Americas, Europe, and the Asia Pacific. Its scale-out storage portfolio comprises StorNext software, appliances and full systems called StorNext Pro Solutions, in addition to Lattus extended online storage and Q-Cloud Archive services.
Finally, Tanger Factory Outlet Centers Inc. (NYSE:SKT), ended its last trade with 0.81% gain, and closed at $33.70.
Tanger Factory Outlet Centers, offered an update on the status of a potential transaction to sell four outlet centers that were classified as held for sale. The buyer’s due diligence period for inspecting the properties expired on June 15, 2015, at which time the non-refundable portion of the buyer’s deposit retainable by Tanger raised to $150,000. However, the purchase and sale agreements also offered the buyer an additional contingency period solely for the purpose of obtaining acceptable mortgage financing. Right away preceding to the expiration of this financing contingency period, the buyer informed Tanger that, due to current market conditions, it could not secure acceptable financing on the terms, and in the amounts it had originally anticipated at the start of the due diligence process.
As of June 30, 2015, the average occupancy rate of these four centers was 93% and collectively accounted for less than 5% of the company’s merged net operating income.
Tanger Factory Outlet Centers, Inc. is a real estate investment trust. The firm invests in the real estate markets in United States. It focuses on developing, acquiring, owning, operating, and managing outlet shopping centers.
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