On Tuesday, Yum! Brands, Inc. (NYSE:YUM)’s shares declined -1.40% to $79.30.
Yum! Brands, Inc. (YUM) declared the appointment of Brian Cornell to its Board of Directors. Cornell is the Chairman and Chief Executive Officer of Target Corporation (TGT). The appointment is effective right away.
Cornell, 56, has more than 30 years of experience at leading retail and global consumer product companies. Preceding to joining Target in August 2014, Cornell served as CEO of PepsiCo Americas Foods where he oversaw the company’s global food business, the largest of PepsiCo’s four divisions. He was responsible for a portfolio that comprised of Frito-Lay North America, Quaker Foods and all of PepsiCo’s Latin America food and snack businesses. Before joining PepsiCo in 2012, Cornell served as president and CEO of Sam’s Club, a division of Wal-Mart Stores, Inc. Cornell also held the position of CEO at Michaels Stores, Inc., and preceding to that, executive vice president and chief marketing officer for Safeway.
YUM! Brands, Inc., together with its auxiliaries, operates quick service restaurants. It operates in five segments: YUM China, YUM India, the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company develops, operates, franchises, and licenses a system of restaurants, which prepare, package, and sell various food items.
Progressive Corp (NYSE:PGR)’s shares dropped -0.84% to $30.66.
The Progressive Group of Insurance Companies plans to fill nearly 1,400 jobs across the country by the end of 2015. Positions comprise IT, Analyst, Call Center, Claims and Corporate roles and span locations from Austin, Texas to its headquarters in Mayfield Village, Ohio. Progressive has consistently been named a top workplace in Cleveland, Tampa, and Austin, and it was named to Glassdoor’s List of Top Companies for Culture & Values in 2014.
Progressive has also been recognized as a leader in the IT and tech fields, having recently been featured on the CIO 100 list for the 12th time. The annual award program recognizes organizations around the world that exemplify the highest level of operational and planned excellence in information technology. This year’s win was attributed to Progressive’s Business Innovation Garage (BIG), an internal think-tank for innovating products and services. BIG exists in a virtual testing environment, and brings together partners across the company to collect and cultivate business solutions, with the end aim of exploring and testing new ideas.
“We pride ourselves on our culture of innovation and experimentation and we’re confident that potential candidates can see that through projects like BIG,” said Neil Lenane, national recruiting director at Progressive. “We recently conducted a survey with Wakefield Research that found the majority of millennials in IT are more swayed by a job that interests them than the location of the job or even the salary – we’ve addressed this all along by allowing our employees the flexibility to work on projects they’re passionate about.”
The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company’s property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles.
At the end of Tuesday’s trade, Ciena Corporation (NYSE:CIEN)‘s shares dipped -2.79% to $21.59.
Ciena® (CIEN) has extended the value and benefits of its Waveserver data center interconnect (DCI) platform into long-haul applications with a richer set of reach and capacity options. The industry’s first stackable DCI system for any distance, Waveserver leverages Ciena’s WaveLogic 3 Extreme chipset to maximize transport capacity on the fly and meet surging demand for cloud and content-on-demand requirements. The new technology inside Waveserver can equip recently’s netoperates to provide 200 Gb/s wavelengths at greater than 1,000 km distances and 100 Gb/s wavelengths in excess of 10,000 km.
The web-scale effect is driving network providers to invest heavily in interconnecting data centers not only within metropolitan areas, but across long distances between cities as well. According to Ovum’s global long-haul network DCI forecast, the market is growing at seven percent CAGR and is predictable to reach $1.5 billion by 2019. Waveserver’s new long-haul capabilities allow Ciena customers to build long-haul DCI netoperates with a web-scale operational paradigm.
Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and administration of voice, video, and data traffic on communications netoperates worldwide.
Dana Holding Corporation (NYSE:DAN), ended its Tuesday’s trading session with -3.16% loss, and closed at $16.53.
Dana Holding Corporation (DAN) declared the opening of the Dana Spicer Thailand Gear Plant, established to support the light-vehicle market in Thailand and the Asia-Pacific region. The state-of-the-art gear manufacturing facility in Rayong has created 100 new jobs and provides customers with access to Dana’s global manufacturing resources and technical expertise at a local level, supporting raised customer demand for Spicer® gears in the region.
The 6,450-square-meter (70,000-square-foot) facility represents Dana’s third facility in Rayong and enhances the total size of the company’s footprint on its Rayong campus to nearly 22,000 square meters (237,000 square feet). The facility optimizes Dana’s Asia-Pacific gear manufacturing supply chain as customers continue to grow in the region and request new technologies to support their expansion aims with locally produced solutions, customized for specific market needs.
Dana Holding Corporation manufactures and sells driveline, sealing, and thermal-administration products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific.
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