On Wednesday, Shares of Microsoft Corporation (NASDAQ:MSFT), lost -3.68% to $45.54.
Microsoft Corp. and General Electric (GE) have signed a contract to deliver Microsoft’s cloud productivity suite Office 365 to GE’s more than 300,000 employees across 170 countries worldwide.
GE’s IT organization, which is recognized as one of the most planned and forward-thinking among large enterprises worldwide, selected Office 365 based on Microsoft’s ability to deliver rich productivity experiences at massive scale across devices and platforms, in addition to its ability to rapidly and reliably deploy to GE’s large global employee population. Specifically, Office 365 will provide several key benefits to GE and its employees, counting these:
- A comprehensive and integrated set of productivity capabilities counting email, Skype for Business calling and meetings, real-time document co-authoring, and team collaboration
- Extensibility of the Office 365 platform, which will enable GE to enhance the capabilities of critical line-of-business applications by connecting to Office 365 through open APIs
- IT controls and security capabilities that enable GE to provide employees with secured access to information and full productivity capabilities on a multitude of devices, while adhering to corporate policies, industry regulations and legal requirements.
“Microsoft and GE share many values in common — openness, transparency, data-driven intelligence and innovation — all of which are driving forces behind Microsoft’s own mission to assist people and organizations achieve more,” said John Case, corporate vice president of Microsoft Office. “As one of the most innovative companies in the world, GE understands what it takes to unleash the potential of its employees. We’re delighted GE has selected Office 365 as the productivity and partnership solution to empower its global workforce.”
Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system.
Shares of J. C. Penney Company, Inc. (NYSE:JCP), inclined 2.71% to $8.73, during its last trading session.
J.C. Penney Company, declared that Mandy Ginsberg, an accomplished leader with extensive online consumer acumen, has been elected to its board of directors. Ginsberg is the chief executive officer of The Princeton Review, a leading test preparation company that assists millions of students get into their dream schools, and Tutor.com, the world`s largest internet-based tutoring company that provides live, on-demand learning solutions for students and professionals.
Preceding to leading The Princeton Review and Tutor.com, Ginsberg held the position of chief executive officer for Match.com, a global online dating service that services 24 countries and territories across five continents and hosts sites in 15 different languages. While at Match.com, she formerly held the role of senior vice president and general manager. Preceding to that, Ginsberg was vice president and general manager of Chemistry.com, a premium offering from Match.com. During her career, she has also held positions related to consumer technology and marketing, counting serving on the board of directors of Care.com from 2012 to 2014.
JC. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating.
Finally, Johnson & Johnson (NYSE:JNJ), ended its last trade with -0.16% loss, and closed at $100.18.
Johnson & Johnson declared sales of $17.8 billion for the second quarter of 2015, a decrease of 8.8% as contrast to the second quarter of 2014. Operational results reduced 0.9% and the negative impact of currency was 7.9%. Domestic sales reduced 2.4%. International sales reduced 14.3%, reflecting operational growth of 0.5% and a negative currency impact of 14.8%. Not taking into account the net impact of acquisitions and divestitures, on an operational basis, worldwide sales raised 1.7%, domestic sales raised 0.6% and international sales raised 2.7%. Additionally not taking into account hepatitis C sales, underlying operational growth worldwide was 5%.
“Our solid sales and earnings results in the quarter reflect the strong underlying growth we’re seeing across the enterprise,” said Alex Gorsky, Chairman and Chief Executive Officer. “Our diverse portfolio and scale are enabling this performance, and we’ve continued to invest in building a robust enterprise pipeline that will drive our growth over the long term. Our passion to deliver transformational new medicines and products reflects the ongoing commitment of our dedicated employees to improve health and well-being.”
The Company raised its adjusted earnings guidance for full-year 2015 to $6.10 - $6.20 per share. The Company’s guidance excludes the impact of after-tax intangible amortization expense and special items.
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.
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