On Friday, InterCloud Systems Inc (NASDAQ:ICLD)’s shares inclined 4.14% to $2.77.
InterCloud Systems Inc (ICLD) declared that it was awarded contracts by new clients valued at over $1.5 million to provide engineering, design and planning services for the deployment of new state of the art communications systems. Comprehensive services comprise but are not limited to: investigatory & due diligence activities, regulatory filings & compliance activities, civil/structural design, analysis and permitting services. Further details are withheld due to the nature of the project and associated critical infrastructure.
Mark Munro, CEO of InterCloud Systems stated; “InterCloud continues to win new business from existing clients and more importantly from new clients with large scale next-generation network opportunities. This new customer relationship is a great example of our organization’s ability to move quickly to meet the demands of customers with large scale, complex wireless networks. This opportunity has only been in our sales pipeline since March of 2015 and is predictable to be accomplished over the next several months. This new business confirms that InterCloud’s distinctive and proven suite of services have a competitive advantage within the enterprise and service provider markets and demonstrates our ability to provide single source and complex deployment services to our clients across large geographic territories.
InterCloud Systems, Inc. provides end-to-end IT and network solutions to the telecommunications service provider and corporate enterprise markets through cloud platforms and professional services in the United States and internationally. It operates through three segments: Applications and Infrastructure, Professional Services, and Cloud and Managed Services.
Invesco Ltd (NYSE:IVZ)’s shares gained 0.05% to $39.20.
Institutional money managers have a vast array of sophisticated investment options at their disposal. Increasingly, they are turning to exchange-traded funds (ETFs), citing liquidity, transparency and ease of implementation.
In particular, institutional investors have expressed a growing interest in smart beta ETFs, according to research conducted by Market Strategies International.
Sponsored by Invesco PowerShares, an associate of PowerShares Canada, the research report, titled The Evolution of Smart Beta ETFs, confirms that the use of smart beta ETFs among institutional decision makers is poised for continued growth.
Smart beta indices employ alternative security selection and weighting criteria with the aim of outperforming a market-capitalization-weighted benchmark and/or reducing risk.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client focused equity, balanced and fixed income portfolios.
At the end of Friday’s trade, Hess Corp. (NYSE:HES)‘s shares dipped -0.14% to $66.08.
The Board of Directors of Hess Corporation (HES) declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 30, 2015 to holders of record at the close of business on June 16, 2015.
Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company primarily operates in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia, and Norway.
Paramount Group Inc (NYSE:PGRE), ended its Friday’s trading session with -2.18% loss, and closed at $17.99.
Paramount Group Inc (PGRE) will present at REITWeek 2015: NAREIT’s Investor Forum at the New York Hilton Midtown in Manhattan on Wednesday, June 10, 2015 from 12:30 pm to 1:00 pm, Eastern Time. Accompanying Mr. Behler at the conference will be other members of Paramount’s senior leadership team, counting: Michael Walsh, Executive Vice President, Chief Financial Officer and Treasurer; Ted Koltis, Executive Vice President, Leasing; Vito Messina, Senior Vice President, Asset Administration; and Wilbur Paes, Senior Vice President, Chief Accounting Officer.
Paramount Group, Inc. (Paramount) is a real estate investment trust (REIT) focused on owning, operating and managing Class A office properties in central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount conducts its business primarily through Paramount Group Operating Partnership LP. As of December 31, 2014, Paramount’s portfolio comprised of 12 Class A office properties aggregating about 10.4 million square feet that was 93.9% leased. Paramount has an investment administration business, where it serves as the general partner and property manager of certain private equity real estate funds for institutional investors and high-net-worth individuals. Paramount’s private equity real estate funds (the Property Funds) invest in office buildings and related facilities primarily in New York City, Washington, D.C. and San Francisco.
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