On Friday, in the course of current trade, Shares of Groupon, Inc. (NASDAQ:GRPN), dropped -2.75%, and is now trading at $6.73.
Groupon, declared an exclusive offer from acclaimed celebrity chef and local restaurateur Art Smith for a Bring Your Beard Brunch at Table Fifty-two on Sunday, May 3, from 11 a.m. to 4 p.m. CDT. The event, which coincides with the James Beard Awards (http://www.jamesbeard.org/awards) on Monday, May 4 at the Lyric Opera of Chicago, celebrates the LGBT culinary community.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record.
During Morning trade, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), gained 0.97%, and is now trading at $29.11.
Next week at INTX, The Internet and Television Expo, Cisco Systems, will demonstrate how its leadership in IP Access, SDN, virtualization and the Cloud is assisting drive time-to-market, monetization and agility for cable operators and service providers.
At booth #523 at McCormick Place, Cisco will highlight a full range of demos that bring Internet of Everything experiences to life counting:
Industry-first demonstrations of end-to-end DOCSIS 3.1-ready solutions: Cisco® IP access solutions use SDN to integrate DOCSIS, PON, Wi-Fi and Ethernet into a unified solution, enabling cable operators to take an unrivaled lead in delivering high speed Internet access to consumers.
- Virtualized Managed Services solutions: Cisco will show how cable operators can use virtualization to address new commercial services market segments, reduce costs and drive agility across their rapidly growing commercial services markets.
- Video: Cisco will demonstrate its innovative Virtualized Video Platform (V2P), which allows video workflows to be created automatically, on demand, in software. V2P virtualizes the complete video workflow, accelerating and cost reducing video processing applications ranging from adding a new channel to an established line up, to implementing a new video format like HEVC or 4K, or creating a new IP video service.
- RDK: Cisco will demonstrate how its cloud-powered, RDK client-based consumer video solutions leverage Fast IT and DevOps concepts to deliver new features, new services and more revenues faster.
- Security: Cisco’s threat-centric security solutions protect content within the service provider’s enterprise and their distribution network.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, counting fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and NGN routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
Shares of American International Group, Inc. (NYSE:AIG), during its Friday’s current trading session gained 2.86%, and is now trading at $57.90.
American International Group, declared the following actions taken by its Board of Directors:
- Authorized the repurchase of additional shares of AIG Common Stock with an aggregate purchase price of up to $3.5 billion. During the first quarter, AIG repurchased about $1.4 billion of shares of AIG Common Stock, following preceding authorizations from the Board of Directors. AIG repurchased an additional about $800 million through the end of April 2015. AIG’s aggregate remaining share repurchase authorization, inclusive of recently declared $3.5 billion authorization, is about $3.8 billion. Repurchases may be made from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions, or otherwise.
- Declared a dividend of $0.125 per share on AIG common stock, par value $2.50 per share. The dividend is payable on June 25, 2015, to stockholders of record at the close of business on June 11, 2015.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally. The company’s Commercial Insurance segment offers general liability, commercial automobile liability, workers’ compensation, excess casualty, and crisis administration causality insurance products.
Finally, The Western Union Company (NYSE:WU), gained 5.13% Friday, hitting its highest level.
The Western Union Company, stated financial results for the 2015 first quarter and affirmed its full year financial outlook, which was formerly offered on February 10, 2015.
In the first quarter, revenues declined 2% contrast to the preceding year period, or raised 4% on a constant currency basis.
Consumer-to-Consumer (C2C) revenues declined 4%, or raised 2% constant currency, while transactions raised 3% in the quarter. Westernunion.com C2C revenue raised 17%, or 23% constant currency, on transaction growth of 25%. Electronic channels revenue, which comprises westernunion.com, account based money transfer through banks, and mobile money transfer, raised 17% in the quarter. Electronic channels as a percent of total Company revenues raised to 7% in the quarter.
Consumer-to-Business (C2B) revenues grew 7% in the quarter, or 11% constant currency, led by the U.S. electronic bill payments business.
Western Union Business Solutions revenues reduced 1%, or raised 7% on a constant currency basis. Constant currency growth was driven by strength in Europe, counting raised customer use of hedging products.
Operating margin was 20.6% for the quarter, which compares to 20.1% in the first quarter of 2014. The operating margin improvement primarily resulted from cost savings initiatives, partially offset by an predictable enhance in compliance costs.
Earnings per share raised 5% to $0.39, contrast to $0.37 in the preceding year period.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations.
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