On Friday, Shares of Verizon Communications Inc. (NYSE:VZ), lost -0.67% to $46.04.
The University of Michigan recently opened M-City, the world’s first controlled environment specifically designed to test the potential of connected and automated vehicle technologies that will lead the way to mass-market autonomous vehicles.
Verizon is among 15 ‘leadership circle’ companies, which comprise some of the world’s top automakers, insurance and tech giants, who have joined forces with the university to assist fuel research, development and innovation in vehicle-to-vehicle and vehicle- to-infrastructure communications.
Amit Jain, director of corporate strategy, IoT verticals at Verizon, emphasizes that the convergence of public and private partnership is the key ingredient needed to advancing innovation in telematics as part of the internet of things (IoT) ecosystem.
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
Shares of Johnson & Johnson (NYSE:JNJ), declined -1.05% to $99.15, during its last trading session.
Johnson & Johnson declared that its Board of Directors has declared a cash dividend for the third quarter of 2015 of $0.75 per share on the company’s common stock. The dividend is payable on September 8, 2015 to shareholders of record at the close of business on August 25, 2015. The ex-dividend date is August 21, 2015.
Johnson & Johnson, together with its auxiliaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices.
Finally, FLIR Systems, Inc. (NASDAQ:FLIR), ended its last trade with 3.01% gain, and closed at $30.77.
FLIR Systems declared financial results for the second quarter ended June 30, 2015. Revenue was $393 million, up 6% contrast to second quarter 2014 revenue of $369.4 million. On a constant-currency basis, revenue for the second quarter was up 12% contrast to the preceding year, as foreign currency exchange fluctuations negatively influenced revenue by about $20 million. Operating income in the second quarter was $70.5 million, contrast to $59.4 million in the second quarter of 2014. Operating income was influenced by pretax charges related to formerly-declared restructuring initiatives of $0.5 million in the second quarter of 2015 and $3.5 million in the second quarter of 2014. Second quarter 2015 net income was $50.5 million, or $0.36 per diluted share, contrast with net income of $44.8 million, or $0.31 per diluted share in the second quarter a year ago. Net income was influenced by after-tax restructuring charges of $0.3 million in the second quarter of 2015 and $2.7 million, or $0.02 per diluted share, in the second quarter of 2014. Cash offered by operations in the second quarter of 2015 was $48.9 million.
FLIR Systems, Inc. designs, manufactures, and markets thermal imaging, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, OEM and Emerging Markets, Maritime, Security, and Detection.
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