On Monday, Comcast Corporation (NASDAQ:CMCSK)’s shares declined -0.23% to $57.02.
Comcast Business declared that Hilton San Francisco Union Square hotel has upgraded its Comcast Business Ethernet services spanning its 1919 guest rooms and 130,000 square feet of meeting space, to provide a strong and reliable Internet experience for its guests. With the upgrade, Hilton San Francisco Union Square has moved from two Internet circuits of 500Mbps to two dedicated 1Gbps circuits, upgradable to 10Gbps.
Hilton San Francisco Union Square, the brand’s largest property in the Western U.S. and the largest hotel in San Francisco, hosts a variety of corporate clients counting leading organizations in the tech sector, making it imperative that its Internet offering is high-speed, reliable, flexible to scale and able to rapidly respond to the demands of its clientele in both its guest rooms and meeting spaces. It is equally important for the hotel to be able to provide the bandwidth to support guests’ social activities counting streaming video or other content to keep in touch with loved ones, while meeting industry standards to support up to 6,000 guests online at the same time.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Netoperates, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name. This segment also provides business services, such as cellular backhaul services to mobile network operators; Ethernet network services; and online advertising services.
Target Corporation (NYSE:TGT)’s shares dropped -0.94% to $77.15.
Cardtronics, Inc. (CATM) declared it has renewed its ATM services agreement with Target Corp. (TGT). Cardtronics, the world’s largest retail ATM owner / operator, is the exclusive provider of ATM services for Target stores in the United States.
The latest agreement, a long-term renewal, extends a relationship between the two companies that was established in 2001. Cardtronics presently owns and operates about 1,800 ATMs in Target stores located in all 50 states. All Cardtronics ATMs at Target stores take part in the company’s Allpoint Network, the world’s largest surcharge-free ATM network. Additionally, portions of Cardtronics’ portfolio of Target ATMs are now accessible to financial institutions interested in elevating brand awareness and surcharge-free access through the Cardtronics ATM branding program.
Target Corporation operates as a general merchandise retailer in the United States and Canada. It offers household essentials, counting pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys; electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, in addition to intimate apparel, jewelry, accessories, and shoes.
At the end of Monday’s trade, Liberty Global plc - Class A Ordinary Shares (NASDAQ:LBTYA)‘s shares dipped -1.04% to $46.84.
Leading international cable company Liberty Global plc has made a planned investment in Guavus, Inc., a provider of real-time big data analytics applications for operational intelligence.
Built on the proven Guavus Reflex ® operational intelligence platform, Guavus products allow cable operators to gain a holistic, cohesive view of network state and business context in real-time. It uniquely breaks down the barriers between Operational Support Systems and Business Support Systems to enable customers to more efficiently plan network capacity, improve service operations and deliver a better customer experience.
Guavus is committed to providing Multiple System Operators (MSOs) with analytics applications that break down silos of data and correlate network events with subscriber data for new innovative offerings. These big data applications provide the necessary operational intelligence to pinpoint network issues at a granular network level before they impact service levels.
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally. The company offers various residential services, counting video services comprising basic and premium programming, which can be viewed on the television and Internet connected devices; electronic programming guide, high definition (HD) channels, digital video recorder (DVR), and HD DVR services; video-on-demand, set-top boxes, pay-per-view programming, and programming in three-dimensional format services, in addition to television applications that allow access to programming on laptops, smartphones, and tablets; and entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels.
Blackstone Group LP (NYSE:BX), ended its Monday’s trading session closed at $34.01.
The PMI Group (PMIR) (“PMI” or the “Company”) declared that funds associated with Blackstone Tactical Opportunities (“Blackstone”) have made a planned investment in the Company.
In connection with the purchase of a noteworthyequity stake in PMI, Blackstone has agreed to provide the Company with a loan for working capital needs in exchange for warrants and certain other rights. The Company intends to use the funds to pursue its investment strategy, which may comprise raising additional capital. Among other rights, Blackstone will have the right to take part in future equity offerings by the Company and is predictable to nominate a director to the Board.
Peter J. Solomon Company is acting as financial advisor to the Company in connection with the transactions contemplated herein. Skadden, Arps, Slate, Meagher & Flom LLP is counsel to the Company. Blackstone Advisory Partners L.P. is acting as financial advisor and Weil, Gotshal & Manges LLP is counsel to Blackstone.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios. It launches and manages private equity funds, real estate funds, funds of hedge funds, and credit-focused funds for its clients. It invests in private equity, public equity, fixed income, and alternative investment markets. The firm was founded in 1985 and is based in New York, New York.
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