On Tuesday, Graphic Packaging Holding Company (NYSE:GPK)’s shares declined -1.34% to $14.68.
Graphic Packaging International Canada, ULC, a partner of Graphic Packaging Holding Company (GPK) declared that it closed its thermo mechanical paperboard mill in Jonquiere, Quebec effective recently. This decision was made as a result of a thorough assessment of the facility’s manufacturing capabilities, associated costs and market demand for its products. The closure will affect about 140 employees.
Graphic Packaging Holding Company, together with its auxiliaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. The company produces a range of paperboard grades convertible into folding cartons primarily to protect products, such as food, detergents, paper products, beverages, and health and beauty aids.
KKR & Co. L.P. (NYSE:KKR)’s shares gained 1.94% to $24.22.
KKR & Co. L.P. (KKR) declared that it plans to release its financial results for the second quarter 2015 on Thursday, July 23, 2015, before the opening of trading on the New York Stock Exchange.
KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, administration buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments.
At the end of Tuesday’s trade, Alcatel Lucent SA (ADR) (NYSE:ALU)‘s shares surged 0.7% to $3.59.
Alcatel-Lucent (ALU) and China Mobile, the world’s largest mobile communications service provider, have conducted the industry’s first field trial of a virtualized radio access network-based architecture based on network functions virtualization (NFV) technology.
The trial – carried out at Beijing’s Tisinghua University - demonstrated the flexibility, scalability, cost and energy-efficiency of Alcatel-Lucent’s vRAN and NFV technologies for meeting the dynamically changing demands for access from an ever increasing number of applications and devices, people and machines. This is also an important step in the path towards 5G networks.
It is predictable that the Internet of Things and millions of people connecting to the Internet for the first time will place huge demands on mobile networks over the coming years, with data traffic predicted to enhance almost tenfold between 2014 and 2019[i]. To manage this enhance, China Mobile is preparing for the evolution to 5G, which promises greater network convergence, better spectral efficiency, support for more users, higher data rates and a more comprising user experience.
Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra- broadband access worldwide. The company’s Core Networking segment offers IP routing, carrier Ethernet, network functions virtualization, and software defined networking applications and infrastructure to meet the challenges of network traffic growth while supporting the delivery of cloud-enabled business, mobile, and residential services for service providers, mobile network operators, cable/multiple system operators, transportation, utilities, and large-scale enterprises.
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