On Tuesday, Shares of Automatic Data Processing (NASDAQ:ADP), lost -3.62% to $73.52.
ADP and USI Insurance Services, a leading insurance brokerage and consulting firm, are collaborating to create a Private Exchange that offers employers a broad range of health benefits plan options powered by a Human Capital Administration (HCM) company.
“With the Affordable Care Act’s ‘Cadillac’ Excise Tax looming on the horizon and underlying health care costs ongoing to rise, many employers are examining new ways to control their costs while ongoing to offer their employees valuable benefit options and consumer-like shopping experiences,” said Gerry Leonard, president, ADP Benefits Services. “We chose to partner with one of the world’s largest brokers to launch the ADP Private Exchange, because USI’s benefit design strategy assists employers control their costs while ADP’s technology assists employees navigate the complexity of health insurance shopping.”
Through USI’s partnership with ADP, employers can now empower their employees to choose from a broader selection of plan options and make benefit decisions that best meet their individual needs. Participating organizations’ employees will be able to easily compare health plans by price and coverage using state-of-the-art decision support and a more retail-oriented shopping experience. Integration with ADP’s Spending Account programs (e.g., Health Savings Accounts and Flexible Spending Accounts) assists to ensure employees are well prepared to handle their financial responsibilities no matter which plans/carriers they choose every year.
Automatic Data Processing, Inc., together with its auxiliaries, provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services.
Shares of Equity Commonwealth (NYSE:EQC), declined -0.47% to $25.38, during its last trading session.
Equity Commonwealth, declared that its Board of Trustees has authorized the repurchase of up to $100 million of its outstanding common shares over the next 12 months.
Purchases made following the program will be made from time to time in the open market, in privately negotiated transactions or in other manners as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The program may be suspended or suspended at any time.
Equity Commonwealth (EQC) is an internally managed and self-advised real estate investment trust (REIT). The Company is engaged in the ownership and operation primarily of office buildings in central business district (CBD) and suburban locations throughout the United States. The Company’s two reportable segments comprise CBD properties and suburban properties.
At the end of Tuesday’s trade, Shares of Ruckus Wireless Inc (NYSE:RKUS), lost -0.28% to $10.65.
Ruckus Wireless, declared that Telconet, deployed Ruckus Smart WI-Fi products and technology across the country. With Ruckus, Telconet is providing wireless access to many municipalities in Ecuador, supporting thousands of concurrent users of mobile devices such as smartphones and tablets.
Telconet has 20 years of expertise in providing Internet access and managed services. Before selecting Ruckus for its nationwide Smart Wi-Fi network, Telconet field-tested it, together with competing equipment from different brands. Upon concluding their tests, Telconet chose Ruckus, which offered the best, most reliable coverage, with the ability to successfully handle high user density per access point (AP).
Ruckus Wireless, Inc. provides carrier-class Wi-Fi solutions to service providers and enterprises worldwide. It provides gateways, controllers, and access points with related software and services. The company offers SmartCell, a line of carrier-grade wireless access and administration products that comprise specialized hardware products, such as SmartCell Gateways and SmartCell Access Points, in addition to software solutions comprising virtualized SmartCell Gateway and SmartCell Insight software platforms.
Finally, Simon Property Group Inc (NYSE:SPG), ended its last trade with -2.75% loss, and closed at $177.06.
Simon, declared it presented earlier this month an Application for Rezoning with the Town of Windsor Locks (CT) Planning and Zoning Commission, starting its development activities on Hartford Premium Outlets.
Hartford Premium Outlets will be located near the intersection of Route 20 and I-91 on Old Country Road. Phase One of the value shopping landmark will comprise of 350,000 square feet of retail space, a Market Hall complete with a variety of dining options, and two notable restaurants on the property’s perimeter.
The architectural style of the center will be inspired by Classic Colonial and Connecticut rural architecture, so that the village-like setting will be reminiscent of a Windsor Locks community. Visitors will find numerous pedestrian promenades, which will comprise fountains, art, a children’s play area, and an outdoor fireplace.
The project is anticipated to start construction in fall 2016 with a Grand Opening to occur 13 months after construction start.
Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, administration, and development of properties.
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