On Friday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), lost -1.47% to $25.52.
Ericsson (ERIC) has signed license agreements with both Cisco Systems (CSCO) and Tektronix Communications (a wholly owned partner of NETSCOUT SYSTEMS, INC), under which Ericsson will license its OSS interfaces for integration with Cisco self-optimizing network (SON) products and Tektronix Communications TrueCall® geoanalytics platform.
The agreement is in alignment with the principles outlined in the OSS Interoperability Initiative (OSSii). Initiated by Ericsson, Nokia, and Huawei in May 2013, this industry-wide initiative promotes OSS interoperability between different vendor equipment through the exposure of OSS interfaces and network data.
OSSii enables pre-verification of products for new network releases, and provides lifecycle administration for interfaces. In addition, it allows both OSSii partners and third parties to support network releases without lengthy and complex integration projects.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide.
Shares of American Airlines Group Inc. (NASDAQ:AAL), declined -0.71% to $40.60, during its last trading session.
Expedia, Inc. (EXPE) declared renewal of its agreement with American Airlines Group (AAL) for distribution of American Airlines and US Airways flights on Expedia, Travelocity and Hotwire sites. In addition, the Expedia Associate Network (EAN) and AA Vacations declared entry into a partnership for EAN to supply hotel content via www.aa.com.
The agreement also adds provisions for Expedia®, Travelocity® and Hotwire® sites to offer paid seating options to millions of leisure customers shopping and booking travel through select sites within the Expedia, Inc. brand portfolio starting in late 2015. These new options will comprise Main Cabin Extra seats that provide fliers up to six inches of additional leg room and priority boarding in addition to Preferred Seats with standard legroom in a more favorable cabin location. Expedia, Inc. customers will be able to easily identify, select and purchase these paid seating options via the online seat map.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers.
Finally, Fifth Third Bancorp (NASDAQ:FITB), ended its last trade with -1.44% loss, and closed at $19.22.
Fifth Third Bancorp has reached a contract to sell 17 branch banking locations, the retail accounts, certain private banking deposits and related loan relationships in the Pittsburgh MSA to First National Bank of Pennsylvania. The purpose of this transaction is in line with Fifth Third’s broader branch consolidation plans declared in June. The transaction is predictable to close in early 2016, subject to regulatory review and approval.
Fifth Third remains committed to its commercial coverage in Pittsburgh, in addition to its wealth administration, institutional services, and mortgage origination activities in the market after the completion of the sale. Fifth Third operates commercial banking activities in a number of markets where it does not have a retail branch network.
Deutsche Bank Securities acted as exclusive financial advisor and Debevoise & Plimpton LLP served as legal counsel to Fifth Third Bank. RBC Capital Markets acted as exclusive financial advisor and Reed Smith LLP served as legal counsel to First National Bank of Pennsylvania.
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors.
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