On Thursday, TE Connectivity Ltd (NYSE:TEL)’s shares declined -2.06% to $68.08.
TE Connectivity Ltd (TEL) declared that it has developed a proof of concept that allows traditional garment manufacturers to develop smart or connected textiles by easily integrating with the workspace and workflow used in traditional garment production. Through this process, garments produced can better survive the harsh conditions of normal wear, machine washing or dry cleaning.
To make it possible, TE closely collaborated with Google Inc. to develop a process using traditional garment manufacturing tools and techniques to create a smart garment.
With 26 million smart garments forecasted to be sold in the U.S. by next year, TE’s work with Google comes at a critical time in the lifecycle of smart garments and textiles as they become more disruptive to the technology and garment ecosystems in the coming years.
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.
Resource Capital Corp. (NYSE:RSO)’s shares gained 0.24% to $4.11.
PCM was attained by Resource Capital Corp. (RSO) in 2013, providing PCM with the capital necessary to develop non-agency products and better serve its clients.
Primary Capital Mortgage, LLC, (“PCM”) declared the expansion of its administration team with the addition of Debbie Turner as SVP, Chief Compliance Officer. Ms. Turner has over 30 years of experience in the mortgage industry and has held senior administration positions with several large financial services companies, counting Premier Lending Corporation. PCM’s President, George Passists, and SVP of Operations, Heidi Majors formerly worked with Ms. Turner at Premier Lending Corporation before starting the residential division at Primary Capital Mortgage.
At Primary Capital Mortgage, Ms. Turner will be responsible for oversight of the company’s compliance administration system, focusing specifically on state, federal and local regulatory compliance. As the August 1, 2015 TRID compliance deadline nears, Ms. Turner, together with members of the compliance team, will work diligently to ensure that PCM meets all of the new requirements.
Resource Capital Corp., a diversified real estate investment trust, primarily focuses on originating, holding, and managing commercial mortgage loans and other commercial real estate-related debt and equity investments in the United States. The company invests in commercial real estate-related assets, such as first mortgage loans; first priority interests in first mortgage real estate loans; subordinate interests in first mortgage real estate loans; mezzanine debt; commercial mortgage-backed securities; commercial real estate; and residential mortgage loans and mortgaged-backed securities.
At the end of Thursday’s trade, Dana Holding Corporation (NYSE:DAN)‘s shares dipped -1.45% to $21.82.
Dana Holding Corporation (DAN) declared that it’s facility in Columbia, Mo., has earned Ford Motor Company’s Gold World Excellence Award.
Ford’s 17th Annual World Excellence Awards recognize suppliers that exceed the company’s expectations and distinguish themselves from their peers by achieving the highest levels of global excellence in quality, cost, performance, and delivery.
Dana’s Columbia facility supplies drive axles for Ford Explorer and Lincoln MKS vehicles and was one of only 11 supplier sites to earn a Gold Award this year.
Dana Holding Corporation manufactures and sells driveline, sealing, and thermal-administration products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.
State Street Corp (NYSE:STT), ended its Thursday’s trading session with -1.30% loss, and closed at $77.33.
State Street Corp (STT) declared that Joseph (Joe) Antonellis (age 60) will retire later this summer after almost a quarter century at State Street.
Antonellis joined State Street in 1991 and has held a number of key positions during his tenure counting head of the company’s international business. His responsibilities will be assumed by his leadership team with executive vice presidents and Administration Committee members, Jeff Conway and Wai Kwong Seck, leading State Street’s EMEA and APAC businesses respectively.
State Street Corporation provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, counting custody; product- and participant-level accounting; daily pricing and administration; master trust and master custody; record-keeping; cash administration; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; and performance, risk, and compliance analytics.
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