On Thursday, Shares of AT&T Inc (NYSE:T), lost -0.12% to $32.74.
AT&T* is building on more than a decade of experience as a technology leader in developing IoT solutions.
The company recently formed a dedicated Smart Cities Organization to further expand its leadership in this rapidly growing space. Similar to our connected car organization, we’ve committed our resources and IoT expertise to create game-changing solutions for cities.
Using Internet of Things (IoT) technology, AT&T is already assisting communities solve problems by connecting things like utility meters, street lights, and water systems. Smart City solutions range from detecting speeding cars, to conserving energy with motion sensor lights in parking garages, video monitoring, and intelligent transportation.
“The surge of connected devices shows there are endless possibilities for building smart cities,” said Glenn Lurie, president and CEO, AT&T Mobility. “With more than 23 million connected devices globally, we’re building IoT platforms that work together to assist create a better, more sustainable world.”
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Shares of Regions Financial Corp (NYSE:RF), inclined 1.87% to $9.52, during its last trading session.
Regions Bank declared that Rosie Garcia, branch manager in Hialeah, Fla., is the September 2015 recipient of the Regions Bank Better Life Award. The Better Life Award is the top honor given to a Regions associate for outstanding dedication and job performance, in addition to exemplary involvement and commitment to the community. Garcia oversees operations at Regions’ Gratigny branch located at 1794 W. 68th Street.
In addition to the recognition, Regions donates $1,000 in the name of the recipient to a nonprofit organization of the winner’s choice. Garcia chose the Miami-Dade chapter of the American Heart Association. She has supported the organization for several years and served as a team captain for last year’s Miami-Dade Heart Walk. A video of Garcia is available on the Regions Financial YouTube channel.
Garcia’s family fled to the U.S. from her native Cuba when she was seven years old. She adjusted quickly to life in a new country, a new school and a new language. She dreamed of becoming a school teacher.
Regions Financial Corporation, together with its auxiliaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, in addition to equipment lease financing services.
Finally, Spectra Energy Corp (NYSE:SE), ended its last trade with 0.14% gain, and closed at $27.89.
Phillips 66 (PSX) and Spectra Energy (SE), 50/50 joint venture owners in DCP Midstream, LLC, have reached a nonbinding letter of intent for contributing assets to strengthen DCP Midstream. This transaction is predictable to provide DCP Midstream with a stronger balance sheet and raised financial flexibility, and positions DCP to grow through commodity price cycles.
Spectra Energy has agreed to contribute its ownership interest in both the Sand Hills and Southern Hills NGL pipelines. Phillips 66 has agreed to contribute $1.5 billion in cash, which is predictable to be used to pay down a portion of the DCP Midstream revolving credit facility. The transaction, anticipated to close in the fourth quarter of this year, is subject to the parties entering into a definitive agreement and customary consents, counting approval by Spectra Energy Partners’ board of directors and regulatory approvals.
The projected transaction complements efforts at DCP Midstream to reduce operating costs, sell certain non-core assets, and convert certain contracts from commodity price sensitive to fee-based.
“DCP Midstream is a valuable portion of our NGL value chain and part of our plans to grow,” said Greg Garland, chairman and CEO of Phillips 66. “This infusion of cash and operating assets by the joint venture owners will enhance the credit profile of DCP Midstream, provide stability to the existing business and allow pursuit of growth opportunities.”
“The contribution of the one-third interests in Sand Hills and Southern Hills will diversify DCP Midstream by enhancing the balance of fee-based assets while building on the re-contracting work already underway,” said Greg Ebel, chairman and CEO of Spectra Energy. “In addition, the infusion of cash to pay down debt will result in DCP Midstream bank credit metrics that will be much stronger, allowing DCP to continue providing excellent service to customers and retain its number one position in gas processing and NGL production. This deal also retains the upside for owners as commodities improve.”
Spectra Energy Corp, through its auxiliaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company’s Spectra Energy Partners segment engages in the transmission, storage, and gathering of natural gas, in addition to transportation and storage of crude oil and natural gas liquids (NGLs) for customers in various regions of the midwestern, northeastern, and southeastern United States and Canada.
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