On Thursday, Shares of General Motors Company (NYSE:GM), gained 2.17% to $30.67.
Running an errand to a big box store or planning a weekend excursion are about to get easier for some Manhattan residents because of a car-sharing program revealed recently by General Motors. It’s the company’s latest move to deliver urban mobility options to customers around the globe.
Let’s Drive NYC is available to eligible residents of The Ritz Plaza, a 479-unit luxury apartment building at Times Square in midtown Manhattan, owned and managed by Stonehenge Partners.
Residents use a GM-developed mobile app to reserve a vehicle and access parking in one of 200 garages throughout Manhattan managed by Icon Parking Systems. The fleet presently comprises eight Chevrolet Trax small SUVs and two Chevrolet Equinox compact SUVs, with more vehicles to be added later.
General Motors Company (General Motors) designs, builds and sells cars, trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial).
Shares of Cypress Semiconductor Corporation( NASDAQ:CY), declined -2.00% to $8.35, during its last trading session.
Cypress Semiconductor Corporation, declared the debut of a regular blog by its president and chief executive officer, T.J. Rodgers. Once or twice a month, Rodgers will post on business, technology and administration topics. Current posts and a blog repository will be available in the “From the CEO” section of Cypress.com, under the “About Us” navigation tab on the Cypress home page (http://www.cypress.com). The blogs will also be available via the company’s Core & Code quarterly online magazine and technical blog at core.cypress.com and directly via core.cypress.com/ceoblog.
Rodgers’s first blog, available online now, addresses recent Cypress design win success, counting two “cross-selling” wins by the Cypress sales team in the wake of the company’s recent merger with Spansion. One of these was a platform win with a Tier 1 U.S. automaker, which selected Traveo™ automotive MCUs, HyperRAM™ and HyperFlash™ memories and analog power administration ICs (PMICs) developed by Spansion, and PSoC® programmable system-on-chip solutions developed by Cypress, for the infotainment cluster of its next-generation models.
“The blog provides me with another way to communicate with our customers and investors,” Rodgers said. “It’s a bonus that I’ll be able to use both our existing Core & Code technical blog and our recently upgraded Cypress.com website.”
Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Company’s offerings comprise PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets, counting industrial, mobile handsets, consumer, computation, data communications, automotive and military.
Shares of QUALCOMM, Inc. (NASDAQ:QCOM), declined -1.02% to $53.18, during its last trading session.
QUALCOMM Incorporated, declared its intention to invest up to $150 million in Indian startup companies across all stages as part of its commitment to India during a meeting with Prime Minister Narendra Modi at the Digital Economy event in San Jose. Qualcomm Ventures will advise and direct Qualcomm’s activities with respect to these planned investments.
Qualcomm has been investing in promising Indian startups since 2007 and there are more than 20 Indian companies as part of its global portfolio. Sectors of investment vary across the mobile ecosystem and comprise hardware, software platforms, e-commerce, healthcare, location based services and retail technology. Initiatives such as the QPrize™ competition, a global seed investment competition, in addition to an early stage fund, are part of the team’s efforts in encouraging early stage entrepreneurs.
Qualcomm directly invests in Indian mobile and internet start-up companies to keenly foster the local ecosystem. Portfolio companies comprise Yourstory, a media tech platform for entrepreneurs; Portea Medical, an in-home healthcare provider; and MapMyIndia, a provider of digital map, navigation, and tracking products and services. Indian companies receiving funding can benefit from Qualcomm’s insights on mobile technologies and utilize Qualcomm’s relationships throughout the industry. Qualcomm Ventures’ India team also provides unique support through its comprehensive knowledge and understanding of the region.
QUALCOMM Incorporated (Qualcomm) designs, manufactures and market digital communications products and services based on Code Division Multiple Access (CDMA), Orthogonal Frequency Division Multiple Access (OFDMA) and other technologies. The Company’s products comprise of integrated circuits and system software used in mobile devices and in wireless networks.
Finally, Caterpillar Inc. (NYSE:CAT), ended its last trade with -1.50% loss, and closed at $64.38.
Building on its 90-year history of providing unmatched product support around the world, Caterpillar Inc. (CAT) recently declared a reorganization in its dealer and customer support divisions. These changes are designed to improve and speed the delivery of customer support while simplifying the way Caterpillar interacts with its global dealer network.
The company is also placing added executive office emphasis on three planned initiatives – data analytics, digital and innovation capabilities; Lean Transformation; and the Across the Table initiative. Having this additional, executive office focus complements the new structure of Caterpillar’s customer and dealer-facing divisions.
Mining Division Changes
As formerly declared, Chris Curfman, vice president with responsibility for Caterpillar’s Mining Sales & Support Division is retiring, effective December 31, 2015. His division will be integrated into the existing Global Mining machine business divisions. Bringing product, operations, sales and marketing organizations together in both the surface and underground mining applications aligns well with our customers and will also enable a more effective cost structure in a challenging mining environment.
The surface mining sales and support teams will join the Hauling & Extraction Division, which will be renamed the Surface Mining & Technology Division, led by Caterpillar Vice President Tom Bluth.
The underground mining sales and support teams will join the Material Handling and Underground Division, led by Caterpillar Vice President Denise Johnson.
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation.
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