On Wednesday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), lost -1.37% to $25.94.
Cisco Investments declared a US $10 million investment into Monk’s Hill Ventures’ innovation fund for start-up companies. This fund aims to drive innovation and technology disruptions across the Association of Southeast Asian Nations (ASEAN) by supporting early stage start-ups in companies that have solutions focused on Cloud, the Internet of Everything (IoE), Big Data and Analytics, Mobility and Enterprise applications.
Monk’s Hill Ventures has two primary areas of focus for investing in high-growth technology companies: first, on early stage, Series A and B, technology start-ups operating across Southeast Asia and second, on technology companies from around the world that want to expand into Southeast Asia.
Cisco, in addition to providing funding, will also explore ways of sharing technology and go-to-market expertise with invested companies in the region. This investment is aligned to Cisco Investments’ strategy to fuel innovation, by investing in venture capital funds that support the transformation of local economies and industries.
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 next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
Shares of Valero Energy Corporation (NYSE:VLO), inclined 1.33% to $61.64, during its last trading session.
Valero Energy Corp, the leading U.S. refiner, may soon return to its roots as a buyer of refineries, Chief Executive Officer Joe Gorder said on Wednesday, according to Reuters.
“We think there are acquisition opportunities going forward,” Gorder said during a webcast presentation at the Barclays Energy Conference in New York.
A Valero CEO has not expressed as broad a commitment to acquiring new refineries since 2005, when company founder Bill Greehey stepped down. Greehey grew the company through purchases of refining companies and single-plant buys primarily in the early years of this century. Reuters Reports
Under former Chief Executive Bill Klesse, who succeeded Greehey, Valero focused on growth through improvement of existing plants, saying acquisitions would be done only through a disciplined process following set criteria. Reuters added.
Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. The Refining segment is involved in refining, wholesale marketing, product supply and distribution, and transportation operations.
Finally, Brocade Communications Systems, Inc. (NASDAQ:BRCD), ended its last trade with -1.54% loss, and closed at $10.23.
Brocade Communications Systems declared that it will take part in forthcoming investor financial conferences.
Deutsche Bank 23rd Annual Leveraged Finance Conference
Tuesday, September 29, 2015, 2:15 p.m. to 2:50 p.m. MDT, Phoenician Hotel, Scottsdale, AZ, Robert Eggers, VP Finance and Jean Furter, VP Treasury.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments.
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