On Wednesday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), gain 0.56% to $25.28.
Barilla Group, the makers of Barilla brand pastas and sauces, is embracing the Internet of Everything (IoE) to provide consumers the ability to trace the entire chain of production for the ingredients in their food, from where it was grown to how it arrived on the store shelf. Barilla worked with Cisco (NASDAQ: CSCO), Penelope S.p.A. and NTT DATA to implement a new technology platform called Safety for Food (S4F). Powered by the software ValueGo®, the platform enables consumers to scan a QR code on the back of limited edition Farfalle Pasta and Tomato and Basil Sauce packages to easily access a website that tells the story of the specific production batch, through a detailed analysis of all major phases of the supply chain. Consumers can find the limited edition Barilla pasta and sauce packages at the Coop Supermarket of the Future, part of the Future Food District at EXPO 2015 in Milan.
ValueGo®, developed by Penelope S.p.A., is the core system of the Safety for Food project, with specific agri-food vertical features for compliance checking, tracking and tracing of all food information along the entire supply chain and for building a ‘digital passport’ for food products.
By scanning the QR code on the back of the Barilla packages, consumers can follow the path of the pasta they will eat from the ground to the grocer. For example, consumers can follow the package from the durum wheat field to learn where and how it was cultivated and harvested to the packaging and labeling of the finished product. The integrated tracking system assists to combat counterfeiting in the food supply chain and gives consumers greater transparency and traceability of their food.
Cisco System, Inc. (Cisco) designs, manufactures, and sells Internet protocol (IP)-based networking products and services related to the communications and information technology (IT) industry. The Company also provides services associated with these products and their use and also provides products and services for transporting data, voice, and video traffic across intranets, extranets, and the Internet.
Shares of Denbury Resources Inc. (NYSE:DNR), declined -4.79% to $2.68, during its last trading session.
Denbury Resources declared that its Board of Directors has decided to suspend the Company’s current $0.0625 per share quarterly cash dividend, starting with the fourth quarter of 2015. The Company will pay its formerly declared third quarter cash dividend on September 29, 2015.
By suspending the dividend, the Company will free up about $22 million of cash each quarter, or $88 million annually, which can be directed to other uses counting, among other things, debt reduction, improvements in capital spending, or repurchases of shares of the Company’s common stock. Separately, the Company’s Board of Directors has reinstated the ability for the Company to repurchase shares under its formerly authorized share repurchase program which was suspended in November of 2014. Under that program about $222 million remains authorized, with no set expiration date and no requirement that the authorized amount be used in whole or in part.
Denbury Resources Inc. is an independent oil and natural gas company. The Company’s operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. The Company’s properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming. The Company’s primary Gulf Coast CO2 source is Jackson Dome.
Shares of Noble Corp plc (NYSE:NE), declined -2.58% to $10.96, during its last trading session.
Noble Corp declared that Jeffrey L. Chastain, Vice President – Investor Relations and Corporate Communications, Noble Drilling Services Inc., will present at the 2015 Johnson Rice Energy Conference in New Orleans, Louisiana, on Tuesday, September 29, 2015, startning at 10:00 a.m. U.S. Central Daylight Time.
Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It owns and operates a fleet of mobile offshore drilling units. As of December 31, 2014, the company operated a fleet of 15 jackups, 9 drillships, and 8 semisubmersibles, counting 1 high-specification, harsh environment jackup under construction.
Finally, Wynn Resorts, Limited (NASDAQ:WYNN), ended its last trade with -5.77% loss, and closed at $60.24, after Fitch Ratings revised its Macau gaming growth forecast for 2015.
The statistical ratings firm said it now anticipates Macau gaming revenue to decline between 33% and 34% in 2015, down from its previous forecast of a 29% decline.
Fitch Ratings said that gaming revenues in Macau are down 36.5% year to date through August, which reflects on the difficult first-half 2014 comparison, and pressures such as a corruption crackdown in China that took a toll on gaming.
The ratings firm said that Macau’s decision to loosen its visa restrictions “should produce some positive benefit, underscoring that Macau is willing to use certain levers to prop up its gaming-centric economy.”
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, counting fine dining, premium retail offerings, distinctive entertainment and convention facilities.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
