On Wednesday, Total System Services, (NYSE:TSS)’s shares declined -0.42% to $42.35.
TSYS (TSS) declared the promotion of Keith Pierce to Executive Vice President for Relationship Administration. Pierce will be responsible for TSYS’ North America consumer, commercial and healthcare lines of business. In addition, he will oversee all production support, client services, risk administration solutions and the segment revenue planning office for the North America Services segment.
A 30-year TSYS veteran, Pierce was formerly Group Executive and business leader for the commercial cards and payments business at TSYS, responsible for the overall planned direction and profitability of the company’s commercial business.
Total System Services, Inc. provides electronic payment processing services to banks and other financial institutions in the United States, Europe, Canada, Mexico, and internationally. It operates through four segments: North America Services, International Services, Merchant Services, and NetSpend. The company offers account processing and output services, counting processing the card application, initiating service for the cardholder, processing card transaction for the issuing retailer or financial institution, and accumulating the accounts’ transactions.
Willbros Group Inc (NYSE:WG)’s shares dropped -10.88% to $1.31.
Willbros Group, Inc. (WG) declared that it has accomplished the initial transaction of its recently revealed intention to sell its Professional Services segment. On June 12 Willbros closed the sale of its Downstream Engineering services, based in Baton Rouge, Louisiana, and it’s Heater Engineering Services, based in Tulsa, Oklahoma, to a group led by Bernhard Capital Partners. The Company is ongoing to pursue the sale of the balance of the Professional Services segment, which comprises the midstream and mainline engineering operations, the Integrity solutions and technology business, the Land and Survey group, and the Government Services business. The balance of the businesses which remain to be sold comprises the Company’s legacy engineering operations in Tulsa, attained in 1981 with the purchase of Butler Associates, Inc., and the technology solutions developed jointly with Google, trademarked as IntegraLink. These remaining businesses constitute the core service offerings of the Professional Services segment. Willbros has retained Greenhill & Co., LLC, to represent the Company and manage the sale process.
The Company noted that there can be no assurance that the decision to offer the segment for sale will result in the Company pursuing a particular transaction or concluding any such transaction. The Company has not set a definitive timetable for completion of the process and does not intend to disclose further developments until its Board of Directors approves a specific action.
Willbros Group, Inc., together with its auxiliaries, operates as an energy infrastructure contractor serving the oil, gas, refining, petrochemical, and power industries in the United States and internationally. It provides engineering, procurement, and construction (EPC); and turnarounds, maintenance, facilities development, and operations services. The company operates through four segments: Oil & Gas, Professional Services, Utility T&D, and Canada.
At the end of Wednesday’s trade, Ericsson (ADR) (NASDAQ:ERIC)‘s shares dipped -2.57% to $10.99.
Ericsson (ADR) (ERIC) has reached a deal with SaskTel in Canada to provide M2M connectivity. Ericsson Device Connection Platform (DCP) as a service will provide SaskTel with a fast market launch with low risk and long term advantages in agility and economies of scale. It provides an optimized M2M connectivity platform supporting deployments for a high number of devices and applications covering a wide range of industry verticals and the emerging connected consumer electronics.
Angel Ruiz , Head of Ericsson Region North America, says: “Ericsson’s platform on which the SaskTel subscription service is based has been successfully integrated and deployed worldwide with multiple leading carriers. SaskTel now has the opportunity to move up the M2M value chain in order to capture higher proportions of accessible revenue within the space of IoT. We are proud to support SaskTel’s success in the M2M/IoT business.”
Ericsson operates a DCP containing functionality and capacity that provides M2M enablement through communication between devices and applications. It will enable SaskTel to address new revenue streams from a vast variety of devices while simplifying the process and reducing the cost of connecting them.
Managed connectivity in M2M is the first step and the most noteworthypart of SaskTel building an offering in the Internet of Things (IoT) business area, being able to address the evolving needs of its customers in areas such as agriculture, utilites, and transport.
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. This segment offers radio access solutions; IP routing and transport solutions; transmission/backhaul solutions comprising microwave and optical transmission solutions for mobile and fixed networks; IP multimedia subsystem solutions; and operations support systems, in addition to supports operators administration of existing networks. Its Global Services segment delivers managed services, such as services for designing, building, operating, and managing networks or solutions; maintenance; network sharing solutions; shared solutions; and managed services of IT environments, in addition to provides broadcast and media services.
Basic Energy Services, Inc (NYSE:BAS), ended its Wednesday’s trading session with -2.91% loss, and closed at $7.34.
Basic Energy Services, Inc. (BAS) declared it will release its second quarter 2015 financial results after the market closes on Thursday, July 30, 2015. In conjunction with the release, Basic has planned a conference call that will be broadcast live over the Internet on Friday, July 31, 2015, starting at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).
Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs. This segment operates 291 pumping units; and 66 air compressor packages, counting 36 snubbing units, 16 coiled tubing units, and 10 wireline units.
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