On Tuesday, Shares of AT&T, Inc. (NYSE:T), lost -0.37% to $34.65.
Marriott International Inc.’s properties will see lower rates for outgoing calls and faster Internet from a new agreement with AT&T. These improvements will assist the hospitality leader provide a better experience. Guests using business and entertainment applications will benefit from the high-speed Internet service.
The three-year, $150 million deal provides the network architecture that will facilitate the move of Marriott’s applications to the cloud in the next three to five years. The deal also uses AT&T’s 4G LTE cellular network to provide wireless backup solutions. The backup facilitates Marriott’s constant access to critical business applications.
AT&T features and benefits comprise:
- Improved guest services— The network upgrades provide faster Internet services for guests. They can work efficiently, enjoy Internet access and entertainment or just stay in touch with family and friends.
- Network consolidation, backup and protection— The new network design will allow Marriott to move their key business applications to the cloud over the next several years. The embedded AT&T LTE wireless backup solution will protect the properties from interruptions to the wireline connections.
- Voice and data on one network— Marriott has a vision for running its voice services over the Internet. Bringing its voice and data onto a single network will be more reliable, easier to manage, and costs less. AT&T’s network will support Marriott’s move to an all Internet-based solution planned for late 2015. This approach will bring new features and abilities to Marriott’s properties and contact centers. AT&T’s network will assist route guest calls to the proper Marriott associate for information about an existing reservation or assist booking new reservations.
- Dedicated maintenance center— AT&T provides a maintenance center that responds only to calls from Marriott. This will provide Marriott with timely solutions and support the continuous provision of AT&T services for guests to enjoy.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Shares of MannKind Corp. (NASDAQ:MNKD), inclined 2.97% to $4.16, during its last trading session.
MannKind Corporation declared the appointment of Dr. Raymond Urbanski as its Chief Medical Officer. As Chief Medical Officer, Dr. Urbanski will lead MannKind’s overall drug development activities and will be a member of the Executive Leadership Team.
Dr. Urbanski has more than 25 years of research, clinical and pharmaceutical industry experience developing numerous new drugs and indications across oncology, rheumatology, cardiology, endocrinology, and immunology. He has held CMO roles at Mylan and Metabolix. Formerly he was Vice President at Pfizer, and Vice President and CMO at Suntory Pharmaceuticals. He earned both his MD and Ph.D., Pharmacology and Toxicology from the University of Medicine and Dentistry of New Jersey - New Jersey Medical School.
MannKind Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic products for diabetes in the United States.
Finally, Spectra Energy Corp. (NYSE:SE), ended its last trade with -0.20% loss, and closed at $29.99.
Spectra Energy Corp, stated second quarter 2015 distributable cash flow (DCF) of $321 million, contrast with $239 million in the preceding-year quarter. Distributions per limited partner unit for second quarter 2015 were $0.61375, contrast with $0.56625 per limited partner unit in second quarter 2014.
For the quarter, earnings before interest, taxes, depreciation and amortization (EBITDA) were $456 million, contrast with $353 million in the preceding-year quarter.
Net income from controlling interests was $307 million for second quarter 2015, contrast with $215 million in second quarter 2014.
Spectra Energy Corp, through its auxiliaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company’s Spectra Energy Partners segment engages in the transmission, storage, and gathering of natural gas, in addition to transportation and storage of crude oil and natural gas liquids (NGLs) for customers in various regions of the midwestern, northeastern, and southeastern United States and Canada.
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