On Friday, TE Connectivity Ltd (NYSE:TEL)’s shares declined -1.54% to $58.23.
TE Connectivity world leader in connectivity, declared the QRapid fiber panel, a new version of its Rapid Fiber panel that incorporates Quareo physical layer administration technology comprising connection point identification (CPID) for real-time visibility to network add-ons, moves and changes. This new panel improves speed and efficiency in central office fiber deployments while slashing deployment costs.
The QRapid fiber panel is a 1RU 48-port or 3RU 144-port rack-mountable fiber distribution panel that incorporates TE’s RapidReel fiber cable spool and contains electronics that enable it to function as part of TE’s Quareo physical layer administration system. The functionality of the QRapid fiber panel provides a user with the ability to know in real time whether each front port of the panel is connected, and to what other equipment and port it is connected.
The QRapid fiber panel delivers several key benefits:
- Physical Layer Administration: Expands options for central office and data center network architects who want to gain an accurate, real-time view of the physical network.
- Cost Savings:RapidReel cable spools reduce upfront deployment costs by simplifying site survey inspections, reducing labor hours and streamlining cable deployment.
- Faster Deployment:The pre-connectorized, plug-and-play solution eliminates splice labor requirements and speeds network construction.
- Easy Access:The panel’s technician-friendly, front-facing interface ensures trouble-free maintenance and fast service turn-ups.
TE Connectivity Ltd., together with its auxiliaries, designs and manufactures connectivity and sensors solutions. It operates through four segments: Transportation Solutions, Industrial Solutions, Network Solutions, and Consumer Solutions. The Transportation Solutions segment offers electronic components, counting terminals and connectors, relays, and sensors, in addition to application tooling, wire and heat shrink tubing, and other custom-engineered solutions for the automotive market, such as industrial and commercial vehicle, and hybrid and electric vehicle markets.
Iron Mountain Inc (NYSE:IRM)’s shares dropped -0.81% to $28.21.
Storage and information administration company Iron Mountain® Incorporated (IRM) declared that Deirdre Evens has joined Iron Mountain as Chief People Officer.
Evens will oversee global human resources, leading operations and strategy to support the company’s growth through recruitment, talent development, and compensation and benefits. Evens will serve as a member of the company’s senior executive team and report directly to Iron Mountain’s President and CEO William L. Meaney.
Iron Mountain Incorporated, a real estate investment trust, provides storage and information administration services in North America, Europe, Latin America, and the Asia Pacific. It operates through North American Records and Information Administration Business, North American Data Administration Business, Western European Business, Other International Business, and Corporate and Other Business. The company provides storage services for paper documents and other media, such as microfilm and microfiche, master audio and videotapes, film, X-rays, and blueprints, counting healthcare information services, vital records services, and service and courier operations, in addition to the collection, handling, and disposal of sensitive documents for corporate customers.
At the end of Friday’s trade, Alamos Gold Inc. Class A (NYSE:AGI)‘s shares dipped -3.35% to $4.18.
Alamos Gold Inc. (AGI) stated financial results for the quarter ended June 30, 2015 and reviewed its operating, exploration and development activities.
Subsequent to the end of the second quarter, on July 2, 2015, Alamos Gold Inc. (“Former Alamos”) and AuRico Gold Inc. (“AuRico”) accomplished the formerly declared agreement to merge the two companies (the “Merger”). Accordingly, the financial statements and associated Administration’s Talk aboution and Analysis of both AuRico and Former Alamos for the three and six-month periods ended June 30, 2015 have been stated separately. For the purposes of this press release, the merged company, which retained the Alamos name, has comprised of the operating and financial results of both Former Alamos and AuRico. The first, second, third and fourth quarters of the Company’s fiscal year are referred to as “Q1”, “Q2”, “Q3” and “Q4”, respectively.
Alamos Gold, Inc. operates as an intermediate gold producer primarily in North America. The company primarily holds a 100% interest in the Young-Davidson gold mine, which comprises mineral leases and claims totaling 11,000 acres in Northern Ontario, Canada.
Mead Johnson Nutrition CO (NYSE:MJN), ended its Friday’s trading session with -2.31% loss, and closed at $75.57.
Mead Johnson Nutrition Company (MJN) declared that it has reached a settlement agreement with the U.S. Securities and Exchange Commission (“SEC”) fully resolving the SEC’s investigation of certain of Mead Johnson’s promotional practices in China during the period 2008-2013. The investigation was first revealed by Mead Johnson in 2013. Under the terms of the settlement agreement, Mead Johnson has agreed to disgorgement, in addition to the payment of pre-judgment interest and a penalty, resulting in an aggregate payment of US$12,030,000. This payment is in line with the expense provision the company took related to the SEC investigation within its first quarter, 2015, as revealed in its form 10-Q.
The settlement agreement provides that Mead Johnson neither admits nor denies the allegations in the settlement and order. Further, the agreement credits Mead Johnson for its cooperation with the investigation and for taking a number of positive steps to bolster its compliance program, function and processes.
Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, childrens nutrition, and other nutritional products. It offers routine infant formula products as a breast milk substitute for healthy infants for the use as the infants source of nutrition, in addition to a supplement to breastfeeding under the Enfamil Premium, Enfapro Premium, Enfamil A+, and Enfalac A+ names; and solutions products to address common feeding tolerance problems, counting spit-up, fussiness, gas, and lactose intolerance under the Enfamil Gentlease and Enfamil A.R names.
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