During Friday’s Current trade, Shares of Unum Group (NYSE:UNM), lost -2.75% to $31.52.
Unum Group (UNM) will release its third quarter results on Wednesday, Oct. 28, at approximately 4 p.m. Eastern. The earnings news release and the financial supplement will be available in the Investors section of the company’s website, which can be directly accessed at www.investors.unum.com.
Unum Group, together with its auxiliaries, provides group and individual disability insurance products in the United States and the United Kingdom. The company operates through three segments: Unum US, Unum UK, and Colonial Life. It provides group long-term and short-term disability, group life, accidental death and dismemberment, individual disability, supplemental and voluntary products, and group and individual long-term care insurance products, in addition to accident, sickness and disability products, life products, and cancer and critical illness products.
Shares of Pitney Bowes Inc. (NYSE:PBI), declined -1.33% to $19.23, during its current trading session.
GE (GE) declared that it has awarded Pitney Bowes (PBI) an Industrial Internet Innovation (“INNIE”) Award at GE’s fourth annual Minds + Machines event.
Pitney Bowes was specifically recognized for Most Innovative Industrial Internet Solution. The Pitney Bowes enterprise team used GE’s Predix cloud-based platform for creating innovative Industrial Internet applications to create analytics-enabled asset performance administration solutions for Pitney Bowes’ solutions and clients. GE is also working with Pitney Bowes on Location Intelligence and Data Quality applications, leveraging GE’s Predix platform, to be made accessible to GE’s other customers.
“As we launch this new annual recognition program, we are excited to honor Pitney Bowes for Most Innovative Industrial Internet Solution. Pitney Bowes, like GE, is transforming itself to leverage Industrial Internet opportunities for its existing customers and for new markets,” said Kate Johnson, Chief Commercial Officer for GE Digital.
Pitney Bowes Inc. provides technology products and solutions in the United States and internationally. The company operates through Small and Medium Business Solutions, Enterprise Business Solutions, and Digital Commerce Solutions segments. The Small and Medium Business Solutions segment is involved in the sale, rental, financing, and servicing of mailing equipment and supplies, software, and postage meters; and provides revolving credit and deposit solutions, and support services.
Viavi Solutions Inc (NASDAQ:VIAV), during its Friday’s current trading session decreased -0.82% to $5.46.
Viavi Solutions Inc. (VIAV) and Sandell Asset Administration Corp. (“Sandell”), which beneficially owns about 5.1% of the Company’s outstanding shares, declared that they have reached a contract that in part will comprise two new, highly-practiced candidates joining the Board of Directors.
Under the settlement agreement, which will be incorporated into a report on Form 8-K to be filed by Viavi, Donald Colvin and Tor Braham are being designated to the Viavi Board and will be nominated for election at the 2015 Annual Meeting of the Company. Donald Colvin and Tor Braham will join Masood Jabbar and Timothy Campos on the re-purposed Corporate Development Committee, which will be tasked with conducting a review of strategies to enhance the Company’s value, counting a review of the Company’s business, financial position, capital allocation, investment and business strategies, and strategies to maximize the value of the Company’s deferred tax assets. This committee will retain an independent investment banking firm to assist it in its review in addition to an operational consulting firm to assess the Company’s internal expense and operational structure.
Viavi Solutions Inc. engages in the network enablement, service enablement, and communications and commercial optical products businesses. The company’s Network Enablement segment provides an integrated portfolio of testing solutions that access the network to perform build out and maintenance tasks. This segment’s solutions comprise instruments, software, and services to design, build, turn-up, certify, troubleshoot, and optimize netoperates. Its Service Enablement segment offers embedded systems and enterprise performance administration solutions for global service providers, enterprises, and cloud operators.
Finally, Restaurant Brands International Inc (NYSE:QSR), decreased -1.14%, to $34.76.
Groupe Bertrand, the majority shareholder of Burger King France, and Qualium Investissement, the owner of Quick Group (“Quick”), signed an offer letter for Burger King France to acquire Quick, the owner of the QUICK® fast food hamburger chain. Burger King France , the master franchisee of the BURGER KING® brand in France , intends to convert Quick restaurants in France to BURGER KING® restaurants over time.
Daniel Schwartz , Chief Executive Officer of Restaurant Brands International Inc. (“RBI”) (TSX/NYSE: QSR, TSX: QSP), stated, “As a shareholder of Burger King France, we applaud Olivier Bertrand and Groupe Bertrand in their efforts to acquire Quick. The transaction will significantly accelerate our BURGER KING® restaurant growth in France , a key planned market for the brand. Burger King France , our master franchise joint venture in France , has achieved great success over the past two years, building restaurants with average annual sales of €5 million, one of the highest levels in the world, and anticipates to have about 50 restaurants in the country by year end.”
Restaurant Brands International Inc. owns and operates quick service restaurants under the Burger King and Tim Hortons brand names. As of February 17, 2015, it franchised or owned 19,043 restaurants in about 100 countries and U.S. territories worldwide.
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