On Tuesday, Shares of The Kroger Co. (NYSE:KR), dropped -1.60% to $69.42.
dunnhumbyUSA joint venture partners dunnhumby Ltd and The Kroger, declared a new chapter in their successful alliance that will provide greater flexibility for both parties to use data to create substantial opportunities for innovation and growth. Under the new arrangements dunnhumby Ltd and Kroger will replace their existing exclusive joint venture with a new long-term license and service agreement and the acquisition of certain assets from dunnhumbyUSA by Kroger. A new business called 84.51° will operate with those assets as its foundation.
dunnhumby Ltd will continue to operate in the U.S. as dunnhumby, expanding its client base and accelerating the growth of its business through the greater flexibility of the new arrangements with Kroger. dunnhumby will now have the ability to use its proven insight products and data expertise to capture the substantial, formerly unavailable potential of the North American market through working with new retailers, consumer brands and media partners. dunnhumby will continue to pioneer the field of customer science through innovations in retail consulting services, analytics software, data science and digital media and will continue to develop its existing strong platform of client relationships in the US. Current retail clients of the joint venture will be seamlessly transitioned to dunnhumby. dunnhumby will continue to operate from offices in the US in Cincinnati, New York, Boston, Chicago and Sacramento. dunnhumby’s work with retailers and brands in its other 70 countries earning the loyalty of almost one billion customers continues as normal.
Under the new arrangements, Kroger will retain dunnhumby Ltd’s technology and the talent to continue developing Kroger’s leading customer insights and loyalty programs for the benefit of its customers. More than 500 of dunnhumbyUSA’s employees will become associates of 84.51°, a wholly-owned partner of The Kroger Co. 84.51° will also have the benefit of a perpetual license to use dunnhumby Ltd’s analytical tools to find customer insights in Kroger’s data. dunnhumby Ltd will provide service and maintenance on those tools for a period of five years, but will no longer have access to Kroger’s data. Current consumer packaged goods companies that serve Kroger customers and work with dunnhumbyUSA will be seamlessly transitioned to 84.51°. Stuart Aitken, who formerly led dunnhumbyUSA, will become chief executive officer of 84.51.
The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores.
At the end of Tuesday’s trade, Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), dwindled -1.57% to $25.01.
TSMC Solar Ltd. declared confirmation by TUV SUD that its latest commercial-sized (1.09 m2) CIGS champion C2 module has achieved 16.5% module total area efficiency. This improves on TSMC Solar’s previous record of 15.7% set in 2013. The module was produced using the current manufacturing equipment and materials at the company’s manufacturing facility in Taichung, Taiwan.
TSMC Solar also declared the introduction of its new TS-CIGS Series Model C2 HV module with nameplate power spanning 150W — 165W. Certified by UL for 1000 volt system operation, the high-reliability modules have a double-glass module design and are produced with 100% electroluminescence (EL) quality screening.
TSMC Solar Ltd. is a wholly-owned partner of Taiwan Semiconductor Manufacturing, Inc. (TSM), the acknowledged semiconductor dedicated foundry segment leader with market capitalization surpassing $110 billion.
Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices.
Finally, Fiat Chrysler Automobiles N.V. (NYSE:FCAU), ended its last trade with -1.57% loss, and closed at $16.27.
Fiat Chrysler Automobiles, officially opened the new Jeep production facility in Goiana, located in the State of Pernambuco in northeast Brazil.
Present at the ceremony were Brazilian President, Dilma Rousseff, Governor of Pernambuco, Paulo Câmara, and the Chairman and CEO of FCA, John Elkann and Sergio Marchionne.
Pernambuco is FCA’s first truly global plant, planned and executed from the ground up by an intercultural team and the first to incorporate, from day one, best practices developed at Group sites around the world.
The site is also FCA’s largest and most advanced. The adoption of the highest standards in efficiency, quality and performance make it a state-of-the-art facility in terms of production processes and logistics.
A total of BRL 7 billion (€2.2 billion) has been invested in the facility - which was constructed in about two and a half years - counting BRL 3 billion for the Jeep assembly plant, BRL 2 billion for the supplier park and the remainder for product development and other investments. This represents the single largest automotive sector investment in Brazil over the past decade and one of the most noteworthy private sector investments in recent years.
Fiat Chrysler Automobiles N.V., an automotive group, designs, engineers, manufactures, distributes, and sells vehicles and components. It offers passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names, in addition to after-sales services and parts under the Mopar brand name.
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