On Wednesday, Shares of Metlife Inc (NYSE:MET), gained 1.59% to $51.08.
Steven A. Kandarian, chairman, president and CEO of MetLife, Inc. (MET), issued the following statement recently on the Trans-Pacific Partnership (TPP), a free trade agreement among 12 nations of the Pacific Rim.
“After analyzing the text of the TPP, MetLife will support the agreement and seek congressional support for its ratification.
“As one of the largest life insurers in the world with operations in nearly 50 countries, MetLife has four key priority in assessing any trade deal: improved market access, a level competitive playing field, ease of cross-border data flows, and regulatory transparency. The TPP makes meaningful progress on all of them.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
Shares of Gap Inc (NYSE:GPS), inclined 1.36% to $25.39, during its last trading session.
Gap is joining forces with Bombas, the athletic-leisure sock company with a philanthropic mission, to bring awareness to the most requested clothing item in homeless shelters: socks. The exclusive Gap x Bombas collection will be available in select Gap stores around the world and on Gap.ca. For every pair sold in participating countries, Gap will give a pair of specially-designed Bombas donation socks to someone in need.
The partnership is part of Gap’s ongoing commitment to support local communities and to give back this holiday season. Since its founding in 2013, Bombas has been committed to donating a pair of socks for every pair sold and, to date, has donated more than 500,000 pairs of socks. Inspired by that accomplishment, Gap has committed to bringing awareness of the Bombas mission to a global audience, and together the two brands share a aim to donate one million pairs of socks to homeless shelters in participating Gap markets.
“Gap has always been committed to incorporating a positive social impact into our everyday business,” said Steven Sare , senior vice president of Merchandising for Gap. “We saw a natural partner in Bombas because their giveback component resonates so strongly with our values and those of our customers who are excited about giving back. We were also impressed by the innovative design of the socks that Bombas donates, as they’re specifically crafted to meet the particular needs of the people receiving them.”
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brand names.
Finally, Shares of Flextronics International Ltd. (NASDAQ:FLEX), ended its last trade with 1.10% gain, and closed at $11.04.
Flex, has reached a contract to acquire Wink, the smart home platform that enables smart products to work together seamlessly, and connect and communicate globally.
Upon completion of the acquisition, Flex will enhance its strategy of driving the Intelligence of Things, and assisting the world Live smarter™. Wink improves the functionality and usefulness of disparate devices in the home by allowing them to communicate with each other, while enhancing usability through a shared common interface in the Wink mobile app.
Flex has been a planned partner to Wink, serving as their primary supplier of hardware and firmware, counting the Wink HUB and Wink Relay, which comprise core IP developed within Flex. After the acquisition, Wink will remain a separate entity and corporation, with its own administration structure for day-to-day activities and operations. Flex will look to leverage Wink’s platform and provide current and future Flex customers with improved connectivity in a rapidly expanding open ecosystem.
“We have firmly established Flex as the sketch-to-scale solutions provider driving the Intelligence of Things globally,” said Sumir Kapur, senior vice president, Consumer Technology Group at Flex. “With the acquisition of Wink, we will further enable the smart home experience. This will improve our ability to design and build devices with integrated connected intelligence for our customers, while providing optional access to a very powerful, intelligent, brand-agnostic and open cloud-based home automation platform.”
Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups.
