On Tuesday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), gained 0.07% to $29.23.
During an event on May 12 at Cisco Systems, Headquarters in San Jose, California, the Internet of Things World Forum (IoTWF) Steering Committee declared the second Innovation Grand Challenge and finalized the objectives and success criteria for this year’s forthcoming plenary event in December. Following last year’s successful IoTWF in Chicago, Illinois, Cisco is proud to host this year’s event in a burgeoning Middle East market ripe for innovation — Dubai, United Arab Emirates.
Taking place December 6-8 at the Dubai World Trade Centre, the IoTWF will bring together global thought leaders, vertical industry and academic professionals, government officials, and technology innovators to talk about the growth and advantages of IoT in the region as it develops into a Smart City, in addition to the greater global impact of IoT.
Aiming for Dubai to become one of the world’s best-connected and smartest cities by 2017, city officials enacted the Dubai Smart City Initiative to assist public and private businesses in the city add a predicted value of $4.87 billion through IoE technologies by 2019. In choosing the city to host this year’s event, the IoTWF Steering Committee will showcase Dubai as a Smart City leader and allow attendees to see firsthand how IoT and IoE technology is poised to transform the region and impact industries on a global scale, counting manufacturing, transportation, energy, healthcare, education and government.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, counting fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and NGN routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
Shares of ArcelorMittal (NYSE:MT), inclined 4.26% to $11.02, during its last trading session.
ArcelorMittal, Europe declared its results for the first quarter ended 31 March 2015. The segment recorded an operating profit of €281m, contrast with €58m for Q1 2014.
First quarter 2015 Ebitda raised by 23.3 per cent, to €546m contrast with €443m in the last quarter of 2014. Ebitda in Q1 2015 was also 40 per cent higher than in the corresponding quarter of 2014, reflecting improved demand dynamics and the ongoing realization of the benefits of cost optimization efforts.
Steel shipments in the first quarter raised by 10.9 per cent to 10.7 million tonnes, contrast with Q4 2014, as both flat and long product shipment volumes benefitted from seasonal impacts and improved underlying demand.
Sales in the ArcelorMittal Europe segment raised by 5.9 per cent to €7.6bn this quarter contrast to Q4 2014. This was primarily due to higher steel shipments partly offset by lower average steel selling prices.
Confidence has picked up in the European market and is predictable to slowly gain momentum. Factors such as quantitative easing, the weak Euro, low oil prices and reduced fiscal headwinds are predictable to drive a recovery in growth for the Eurozone in 2015 and 2016. In addition, manufacturing output for the EU28 has reached its highest level since 2008.
ArcelorMittal, together with its auxiliaries, operates as an integrated steel and mining company worldwide. The company operates through five segments: NAFTA; Europe; Brazil and Neighboring Countries (Brazil); Africa & Commonwealth of Independent States (ACIS); and Mining.
At the end of Tuesday’s trade, Shares of Emerson Electric Co. (NYSE:EMR), gained 1.48% to $59.71.
Emerson Electric, declared that net sales in the second quarter ended March 31, 2015 were down 7 percent, with underlying sales flat not taking into account unfavorable currency translation of 5 percent and an impact from divestitures of 2 percent. Global customers in oil and gas and industrial markets, particularly energy-related, reduced spending faster and deeper than we predictable as a result of the noteworthy decline in oil prices and strength of the U.S. dollar. By geography, demand was mixed with the Middle East/Africa up 8 percent, Europe up 2 percent, and Asia up 1 percent, while the U.S. was down 3 percent and Latin America was down 7 percent. Underlying sales were led by modest growth in Commercial & Residential Solutions, reflecting favorable trends in U.S. construction, and in Process Administration which benefited from a strong backlog position coming into the quarter.
Profitability declined reflecting volume deleverage, unfavorable mix, and higher costs related to raised planned investment spending in the preceding year. The sudden drop to flat underlying growth in the quarter after moderate underlying growth in the previous six months was a noteworthy factor affecting the deleverage. For the quarter, stated earnings per share were $1.42, an enhance of 84 percent. Not taking into account a $0.77 gain on the sale of the power transmission solutions business, adjusted earnings per share reduced 16 percent to $0.65. As a result of the rapid weakening of both orders and sales in the second quarter, we will further accelerate restructuring. Restructuring for the first half of the fiscal year totaled $53 million and full-year restructuring is now predictable to exceed $140 million. Operating cash flow declined 38 percent, due to lower operating results and raised investment in working capital. Full-year operating cash generation is predictable to remain strong.
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Administration, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
Finally, DryShips, Inc. (NASDAQ:DRYS), ended its last trade with 7.64% gain, and closed at $0.78.
DryShips, declared that the Company’s 2015 Annual General Meeting of Shareholders will be held at the Company’s offices located at 109 Kifisias Avenue & Sina Street, GR 151 24, Marousi, Athens, Greece on Monday, June 15, 2015 at 12:00 p.m., local time.
The Company’s board of directors has fixed the close of business on Thursday, April 30, 2015 as the record date for the determination of the shareholders entitled to receive notice and to vote at the Annual Meeting or any adjournments or postponements thereof.
DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments. The Drybulk segment provides drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries. The Drilling segment offers ultra deep water drilling services.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
