On Friday, TE Connectivity Ltd (NYSE:TEL)’s shares inclined 0.91% to $68.70.
TE Connectivity Ltd (TEL) declared that it has developed a proof of concept that allows traditional garment manufacturers to develop smart or connected textiles by easily integrating with the workspace and workflow used in traditional garment production. Through this process, garments produced can better survive the harsh conditions of normal wear, machine washing or dry cleaning.
To make it possible, TE closely collaborated with Google Inc. to develop a process using traditional garment manufacturing tools and techniques to create a smart garment.
With 26 million smart garments forecasted to be sold in the U.S. by next year, TE’s work with Google comes at a critical time in the lifecycle of smart garments and textiles as they become more disruptive to the technology and garment ecosystems in the coming years.
TE Connectivity Ltd., together with its auxiliaries, designs and manufactures connectivity and sensors solutions. It operates through four segments: Transportation Solutions, Industrial Solutions, Network Solutions, and Consumer Solutions. The Transportation Solutions segment offers electronic components, counting terminals and connectors, relays, and sensors, in addition to application tooling, wire and heat shrink tubing, and other custom-engineered solutions for the automotive market, such as industrial and commercial vehicle, and hybrid and electric vehicle markets.
Axalta Coating Systems Ltd (NYSE:AXTA)’s shares gained 1.10% to $34.88.
Axalta Coating Systems Ltd (AXTA) will present at the Goldman Sachs Basic Materials Conference. The Company has posted the presentation slides to the Company’s Investor Relations website. A copy of the presentation materials is furnished hereto as Exhibit 99.1.
The information contained herein and in the accompanying exhibits shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
In the presentation slides and prepared remarks during the Goldman Sachs Basic Materials Conference, Axalta presents, and will present, certain non-GAAP financial measures. Axalta administration believes that presenting these non-GAAP financial measures provides meaningful information to investors in understanding operating results and may enhance investors’ ability to analyze financial and business trends. In addition, Axalta administration believes that these non-GAAP financial measures allow investors to compare period to period more easily by not taking into account items that could have a disproportionately negative or positive impact on results in any particular period. Non-GAAP measures are not a substitute for GAAP measures and should be considered together with the GAAP financial measures. As calculated, our non-GAAP financial measures may not be comparable to other similarly titled measures of other companies.
Axalta Coating Systems Ltd., through its auxiliaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry. It operates through two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various waterborne and solventborne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
At the end of Friday’s trade, Gannett Co., Inc. (NYSE:GCI)‘s shares dipped -0.03% to $36.09.
Gannett Co., Inc. (GCI) declared that it has accomplished the acquisition of the remaining 59.36% interest in the Texas-New Mexico Newspapers Partnership that it did not own from Digital First Media. The deal was accomplished through the assignment of Gannett’s 19.49% interest in the California Newspapers Partnership and additional cash consideration. As a result, Gannett will own 100% of the Texas-New Mexico Newspapers Partnership and will no longer have any ownership interest in California Newspapers Partnership.
The news organizations attained and the three states in which they reside comprise:
- Texas — El Paso Times;
- New Mexico — Alamogordo Daily News; Carlsbad Current-Argus; The Daily Times in Farmington; Deming Headlight; Las Cruces Sun-News; Silver City Sun-News;
- Pennsylvania — Chambersburg Public Opinion; Hanover Evening Sun; Lebanon Daily News; and the York Daily Record.
Gannett Co., Inc. operates as a media and marketing solutions company. It operates through three segments: Broadcasting, Publishing, and Digital. The Broadcasting segment owns and operates 46 television stations that produce local programming, such as news, sports, and entertainment; and associated online sites.
Unum Group (NYSE:UNM), ended its Friday’s trading session with 1.04% gain, and closed at $36.09.
Unum Group (UNM) announced that its board of directors has authorized the repurchase of up to $750 million of the company’s outstanding common stock through Nov. 21, 2016. This new authorization replaces the previous authorization of $750 million that was scheduled to expire on June 12, 2015.
The timing and amount of any share repurchases under the new authorization, which may be made in the open market or in privately negotiated transactions, including accelerated share repurchase transactions, will be determined by management based on market conditions and other considerations. The program can be modified, extended, or terminated by the board at any time.
Unum Group, together with its auxiliaries, provides group and individual disability insurance products in the United States and the United Kingdom. The company operates through three segments: Unum US, Unum UK, and Colonial Life. It provides group long-term and short-term disability, group life, accidental death and dismemberment, individual disability, supplemental and voluntary products, and group and individual long-term care insurance products, in addition to accident, sickness and disability products, life products, and cancer and critical illness products.
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