On Thursday, International Business Machines Corp. (NYSE:IBM)’s shares inclined 0.42% to $163.85.
IBM ( IBM) has signed a five-year IT services agreement counting cloud, mobile, analytics and security technologies with Columbia Pipeline Group, Inc. (CPGX) supporting the company’s continued growth as an independent energy company.
On July 1, CPG accomplished the separation of its natural gas pipeline, midstream and storage business from energy infrastructure company NiSource Inc. As a stand-alone, publicly traded company, CPG is rapidly expanding its operations to serve new and existing customers and markets, with net asset investments predictable to grow from about $4.6 billion in 2015 to about $13.5 billion by 2020.
Under a technology agreement valued at $180 million, IBM will deliver a range of services to provide the technology infrastructure CPG needs to operate as an autonomous business and support its growth plans.
The agreement calls for IBM to move CPG’s IT infrastructure and business applications — counting human resources, billing and finance, pipeline operations and IT administration — from NiSource’s data centers into a private cloud in an IBM data center in Columbus, Ohio. IBM also will separate CPG’s networks from NiSource and manage CPG’s integrated IT environment going forward. The solution comprises the core data center and IBM Cloud infrastructure, network services, assist desk, end user services, intelligent security platforms, mobile device administration, and operational analytics.
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.
Kroger Co (NYSE:KR)’s shares gained 0.57% to $75.58.
Kroger Co (KR) declared that its Board of Directors approved a 13.5 percent enhance to the company’s quarterly dividend, a two-for-one split of its common shares, and a new $500 million share repurchase program.
13.5% Quarterly Dividend Enhance
Kroger’s Board raised the quarterly dividend to 21 cents per share on a pre-split basis. Because the dividend will be paid after the stock split is effective, shareholders of record as of the close of business on August 14, 2015 will be paid 10.5 cents per split-adjusted share on September 1, 2015.
Kroger has delivered double-digit compound growth in its dividend since it was reinstated in 2006. The company continues to expect an increasing dividend over time.
At the end of Thursday’s trade, Mattel, Inc. (NASDAQ:MAT)‘s shares dipped -1.00% to $25.78.
Mattel, Inc. (MAT) declared that it plans to release its second quarter 2015 financial results on Thursday, July 16, 2015 at about 4:05 p.m. Eastern time. Following this, the company will host a conference call and webcast at 5:00 p.m. Eastern time.
Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, counting Barbie, Monster High, Disney Classics, Ever After High, Little Mommy, Polly Pocket, Hot Wheels, Matchbox, CARS, Disney Planes, BOOMco, Radica, Toy Story, Max Steel, WWE Wrestling, and Batman.
American Express Company (NYSE:AXP), ended its Thursday’s trading session with 0.57% gain, and closed at $76.36.
American Express Company (NYSE:AXP) will give Card Members and golf fans access at the 2015 U.S. Open at Chambers Bay Golf Course in University Place, Washington, and provide fans with interactive experiences onsite and online designed to give them an edge on the course.
American Express Assists Fans Sharpen Their Mental Edge at Chambers Bay
This year’s American Express® Championship Experience provides fans with hands-on instruction and tools designed to develop their mental edge, elevate their game and take advantage of all of the action on the course and around the Seattle-Tacoma region. Experiences comprise:
- The Mind Game Studio: Renowned sports psychologists and authors Dr. Bob Rotella and Dr. Gio Valiante teach fans how to improve their mental focus and golf game. In addition, fans can complete a digital “Mind Game Training.” Learn more below.
- Trackman Swing Zone: A professional-grade swing analysis to challenge fans’ mental toughness on the course with staged distractions that mimic the ambient challenges the pros face. American Express enhances this analysis by allowing players to compare their swings both with and without distractions to better understand how their mental focus affects their club speed, attack angle, spin rate and ball flight.
American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services.
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