During Friday’s current trade, American Express Company (NYSE:AXP)’s shares dropped -4.59% to $77.20, hitting its lowest level today.
American Express Company, and Jawbone® declared a new partnership giving eligible U.S. American Express Card® Members the ability to tap to pay with the new Jawbone UP4™ fitness tracker anywhere American Express contactless payments are accepted in the U.S. This partnership and product launch marks the first time consumers can use a wearable fitness tracker with an embedded NFC chip for Amex payments, redefining what is possible with a 24/7 activity tracker. The new Jawbone UP4 tracker is predictable to be accessible for purchase on jawbone.com this summer.
The UP4 tracker features the same slim design and multi-sensor platform as the UP3 tracker, with advanced sleep and activity tracking and heart health monitoring, in addition to enabling contactless payments. UP4 is also backed by Jawbone’s industry-leading UP app and Smart Coach system, which assists people move more, sleep better and eat healthier each day.
American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide
During morning trade, Mattel, Inc. (NASDAQ:MAT)’s shares climbed 4.00% to $26.28.
Mattel, and Quirky, the company that makes invention accessible, declared an exclusive partnership to spark invention in toys, play and baby gear. Harnessing the power of Quirky’s global community and Mattel’s iconic Brands, Quirky and Mattel will reimagine Mattel’s portfolio of products to drive growth for brands like Barbie, Fisher-Price, and Hot Wheels. This partnership combines Mattel’s scale and 70 years of toy-making history with Quirky’s open and agile approach to product development.
The relationship with Mattel is the third addition to the Powered by Quirky initiative, a new series of product-development partnerships with category leaders. Powered by Quirky enables Quirky’s community to work with industry-leading companies like Mattel to influence the brands they love.
To date, Quirky has received close to 15,000 toy-related idea submissions from its community. Starting recently, each and every idea in the category will have an opportunity to become the next big product from Mattel.
Quirky (www.quirky.com) makes invention accessible by bringing real people’s product ideas to life. To take ideas from pipe dream to consumer product, an in-house team of designers and engineers collaborate with Quirky’s online community on nearly all aspects of development.
Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. The Mattel family of companies (MAT) is the worldwide leader in the design, manufacture and marketing of toys and family products. Mattel’s portfolio of best-selling brands comprises Barbie®, the most popular fashion doll ever produced, Hot Wheels®, Monster High®, American Girl®, Thomas & Friends® and Fisher-Price® brands, counting Little People® and Power Wheels®, MEGA® Brands, counting MEGA BLOKS® and RoseArt®, in addition to a wide array of entertainment-inspired toy lines.
Cisco Systems, Inc. (NASDAQ:CSCO), during its Friday’s current trading session lost -1.40%, to $28.20.
Cisco Systems - Last night Cisco Canada presented its Hockey’s Hidden Heroes Contest grand prize of $20,000 to the Winnipeg Warriors Hockey Club. The contest invited the community to recognize the hidden heroes that contribute countless hours and efforts — both inside and outside the rink, by nominating them to win weekly prizes and a chance to win a grand prize of $20,000 for their Hockey club. These comprised of the coaches that go in early to the office so they can be there for practice after school or the parent who carpools the teams and works remotely form the stands.
Cisco Canada launched this contest because maintaining a healthy work-life balance. Professionals need to be able to stay connected from anywhere, anytime, on any device and tools like Cisco® WebEx™ and partnership solutions allow for flexibility to manage hectic plans like never before.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide.It provides switching products, counting fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and NGN routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
Finally, Nokia Corporation (NYSE:NOK), lost -0.90% Friday.
According to Reuters, Finland’s Nokia, on Friday defended its commitment to protect jobs in France following its planned takeover of Alcatel-Lucent (ALUA.PA), and suggested future job cuts could focus on countries other than the two home bases.
Nokia has pledged not to cut French jobs for two years after the closure of the deal, beyond what Alcatel had already planned.
Nokia has about 6,900 employees in Finland and Alcatel around 6,000 in France, contrast with the companies’ total combined global headcount of 114,000.
On the other hand, Citi issued a report on Nokia Corporation (ADR) (NYSE:NOK) and Alcatel Lucent SA (ADR) (NYSE: ALU) after the declaration that Nokia was acquiring Alcatel-Lucent in an all stock deal. Citi downgraded Nokia from Buy to Neutral and maintained a €7.50 price target. Citi also downgraded Alcatel-Lucent and reduced its price target from €5.00 to €4.15.
The analysts believe that a partly cash deal would have been more beneficial to the companies due to the low interest rate environment. The operations of the Alcatel businesses other than Wireless, counting IP transport and Fixed Access, may prove to be challenging for Nokia to manage. While the companies have declared a possible €900 million in synergies, this may be a hard target to attain because there is a noteworthy lack of research and development overlap with Nokia and Alcatel.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally.
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