On Thursday, International Business Machines Corp. (NYSE:IBM)’s shares declined -0.85% to $168.48.
Universities and Science Minister Jo Johnson will unveil a £313 million partnership with information technology leader IBM (NYSE: IBM) to boost Big Data research in the UK.
Following on from Government’s £113 million commitment in the Autumn Statement to expand the Hartree Centre at Daresbury over the next five years, IBM will further support the project with a package of technology and onsite expertise worth up to £200 million.
IBM’s contributions will comprise:
- access to the latest data-centric and cognitive computing technologies, counting its world-class ‘Watson’ cognitive computing platform;
- at least 24 IBM researchers to be based at the Hartree Centre to work side-by-side with existing researchers;
- joint commercialization of intellectual property assets produced in partnership with the Science and Technology Facilities Council (STFC), which runs the Hartree Centre.
Advanced data-centric and cognitive computing technologies enable non-computer specialists to gain insight from the vast amounts of data being generated recently, and do so in a more natural, human-friendly way. Delivered through the cloud, IBM’s Watson analyses high volumes of data, understands complex questions posed in natural language, and proposes evidence-based answers. It continuously learns, gaining in value and knowledge over time, from previous interactions.
The Hartree Centre will directly benefit from breakthrough innovations rapidly emerging from the OpenPOWER Foundation, an open development community backed by IBM, NVIDIA, Mellanox and well over 100 other organizations worldwide. The research program will leverage OpenPOWER high performance computing innovations to enable complex analytics on massive amounts of data.
The Hartree Centre is already assisting businesses like Unilever and Glaxo SmithKline use high performance computing to improve the stability of home products such as fabric softeners and to pinpoint links between genes and diseases.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support. Its Global Business Services segment offers consulting and systems integration services for strategy and transformation, application innovation services, enterprise applications, and smarter analytics; and application administration, maintenance, and support services.
Marsh & McLennan Companies, Inc. (NYSE:MMC)’s shares dropped -1.21% to $57.89.
Marsh & McLennan Companies, Inc. (MMC) declared recently a new casualty cost diagnostic tool powered by its industry-leading analytics that provides clients improved awareness of their casualty program costs and trends and shares strategies on how to further control their casualty total cost of risk (TCOR).
The MPACTSM Cost Diagnostic tool goes beyond traditional tools by evaluating all aspects of a client’s TCOR counting retained losses, collateral, claims administration costs, and risk transfer. The analysis also comprises a review of implied risk, an important element of TCOR that takes into account the volatility associated with specific program features, net retained liabilities, and coverage choices.
In addition to providing casualty program performance summaries and analyses of each TCOR element, the MPACT diagnostic output also provides comparisons to proprietary metrics, industry best practices, and peers, and customized recommendations for potential cost reduction strategies
Marsh & McLennan Companies, Inc., a professional services firm, provides advice and solutions primarily in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services; and Consulting. The Risk and Insurance Services segment offers risk administration services, such as risk advice, risk transfer, risk control, and mitigation solutions, in addition to insurance, reinsurance broking, catastrophe and financial modeling services, and related advisory services. This segment provides its services for businesses, public entities, insurance companies, associations, professional services organizations, and private clients.
At the end of Thursday’s trade, California Resources Corp (NYSE:CRC)‘s shares dipped -2.44% to $7.98.
California Resources Corp (CRC) declared that its executives will be participating in the following forthcoming conferences:
Tudor, Pickering and Holt Energy Conference on June 17th in Houston and the GHS 100 Energy Conference on June 23rd in Chicago.
The slides for the presentations will be accessible on the day of the event on the “Earnings and Presentations” page (select the “Investor Presentations” tab) in the Investor Relations section on crc.com for selected presentations.
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. The company holds interests in about 2.4 million net acres. It also gathers, processes, and markets oil and gas products, in addition to produces and sells power. The company is headquartered in Los Angeles, California.
Keurig Green Mountain Inc NASDAQ:GMCR), ended its Thursday’s trading session with -1.15% loss, and closed at $83.39.
Keurig Green Mountain Inc (GMCR) declared the launch of Laughing Man® coffee for the Keurig® hot brewing system. Laughing Man® was co-founded by actor Hugh Jackman, who continues to be involved with the brand, working closely with Keurig on its development.
Laughing Man® K-Cup® pods are accessible on Keurig.com starting June 4, 2015. The four varieties at launch comprise two of the Laughing Man Café’s most popular blends, crafted in partnership with the Keurig Coffee Department - Dukale’s Blend™ and 184 Duane St. Blend™.
Laughing Man® coffee was the result of an inspiring visit to Ethiopia where Jackman met a young coffee farmer named Dukale. Inspired by Dukale’s optimism and determination, Jackman opened the Laughing Man café, a small storefront offering responsibly-sourced coffees. Last year, Keurig attained the Laughing Man® brand from Laughing Man Worldwide. All Laughing Man® coffees are Fair Trade Certified™ and a portion of sales will go to support Jackman’s Laughing Man Foundation, whose mission is to encourage collective action, personal initiative, and community awareness in underserved populations throughout the world.
The story of Laughing Man® is told in the documentary film Dukale’s Dream, directed by Josh Rothstein. The film will open in select theaters on Friday, June 5th and will be accessible on video on demand starting Tuesday, July 14, 2015.
Keurig Green Mountain, Inc. produces and sells specialty coffee, coffeemakers, teas, and other beverages in the United States and Canada. It sources, produces, and sells coffee, hot cocoa, teas, and other beverages under various brands in K-Cup, Vue, Rivo, K-Carafe, and Bolt portion packs brands; and coffee in traditional packaging, counting bags and fractional packs, in addition to offers whole bean and ground coffee in bags, fractional packages, and cans.
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