On Thursday, Johnson Controls Inc (NYSE:JCI)’s shares declined -1.55% to $49.45.
Johnson Controls Inc (JCI) declared it has designated Greg Guyett executive vice president, Corporate Development, effective Aug. 10. In this role, Guyett will have responsibility for maintaining and developing relationships with external financial advisory firms, leading merger and acquisition activities, and working with the businesses on growth initiatives for the multi industrial company.
Guyett most served as head of investment banking, Asia Pacific for J.P. Morgan. Prior to that, Guyett served in a number of assignments with J.P. Morgan across the globe. Earlier in his career he was a senior banker advising many of the largest industrial and automotive companies on a broad range of planned issues.
Guyett received a bachelor’s degree in art and archaeology from Princeton University.
Johnson Controls, Inc. operates as a diversified technology and industrial company worldwide. Its Building Efficiency segment designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, in addition to building administration systems, controls, and security and mechanical equipment.
Altera Corporation (NASDAQ:ALTR)’s shares gained 0.14% to $51.34.
Altera Corporation (ALTR) has developed a storage reference design, based on its Arria® 10 SoCs, that doubles the life of NAND flash and can enhance the number of program-erase cycles by up to 7X contrast to current NAND flash implementations. The reference design comprises an Arria 10 SoC with an integrated dual-core ARM® Cortex®A9 processor, in an optimized, cost-effective, single-chip solution, leveraging a solid-state disk (SSD) controller from Mobiveil and NAND optimization software from NVMdurance. This reference design provides improved performance and flexibility in NAND utilization while reducing the cost of the NAND array by increasing the lifetime of data center equipment.
Using FPGAs with integrated hard processor systems, designers can quickly take advantage of the cost savings offered by next-generation NAND devices while retaining the flexibility to customize a solution that maximizes the performance, durability and storage capacity of their system. This storage solution implements Mobiveil’s Universal NVM Express Controller (UNEX), a configurable controller for PCIe-based SSDs, and NVMdurance’s NAND flash optimization software in an Arria 10 SoC, enabling data centers to leverage the most advanced 3D NAND technology without the long design cycles required with ASIC designs.
Altera Corporation, a semiconductor company, designs and sells programmable logic devices (PLDs), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks, and associated development tools.
At the end of Thursday’s trade, HCP, Inc. (NYSE:HCP)‘s shares surged 0.16% to $36.98.
Brookdale Senior Living Inc. (BKD) and HCP, Inc. (HCP) declared the closing of their formerly declared portfolio acquisition of 35 private pay senior housing communities (the “Portfolio”) representing 5,025 units for $847 million from Chartwell Retirement Residences.
Brookdale has operated the Portfolio since 2011 after its acquisition of Horizon Bay and will continue to manage these communities under a RIDEA joint venture structure with HCP and Brookdale owning 90% and 10%, respectively. The Portfolio was attained unencumbered by third party debt and is projected to generate a first year cash yield of about 6.6%.
HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. It primarily invests in properties serving the healthcare industry counting sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing.
Brocade Communications Systems, Inc. (NASDAQ:BRCD), ended its Thursday’s trading session with -0.75% loss, and closed at $11.86.
Brocade Communications Systems, Inc. (BRCD) declared that it has been named a winner in the Light Reading 2015 Leading Lights awards program in two distinct categories: its unique approach for the Brocade® SDN Controller won for Most Innovative SDN Product Strategy and the Brocade Virtual Evolved Packet Core (vEPC) solution won for Best New Product for Mobile. In addition, Brocade customer Telekom Austria Group was awarded Most Innovative NFV Deployment Strategy for Network/Data Center Operators for its Brocade-powered solution.
The Leading Lights program focuses on next-generation communications technologies, applications, services, and strategies. The winners were declared at an awards dinner at Chicago’s Field Museum on Monday, June 8 to coincide with the Big Telecom Event.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments.
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