During Tuesday’s current trade, Ford Motor Co. (NYSE:F)’s shares gained 0.91% to $16.01, as Ford Motor Company is bringing its commitment to innovation to the 17th Annual Ford Freedom Award, which next month celebrates the achievements of past and present technology entrepreneurs.
Under the theme Celebrating Technopreneurs: Builders of the Innovation Economy, Ford and the Charles H. Wright Museum of African American History salute the achievements of three entrepreneurs who used technology to affect change: Ford Freedom Honoree Elijah McCoy, inventor; Ford Freedom Award Scholar, Laura Weidman Powers, founder of CODE2040; and special Legacy Award recipients Mitch Kapor, Lotus 1-2-3 developer, and his wife, Freada Kapor Klein, entrepreneur and social activist.
The event takes place at 6 p.m., Tuesday, May 5, at the Max M. Fisher Music Center in Detroit.
The Ford Freedom Award honoree is a distinguished African American who dedicated his or her life to improving the African American community and the world at large. The award is presented posthumously. The Ford Freedom Award scholar is an African American who has excelled on a national or international level in their field. The scholar serves as a living legacy, carrying forth high ideals, and serving as inspiration for a new generation.
This year, the Ford Freedom Award honoree is Elijah McCoy. The son of fugitive slaves, the Michigan-raised McCoy trained as a mechanical engineer and went on to receive nearly 60 patents, many of them involving lubrication for steam engines. One invention, an automatic lubricator, distributed oil evenly over an engine’s moving parts, allowing locomotives and other machinery to run continuously for long periods of time without pausing for maintenance. McCoy died in Detroit in 1929.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
During an afternoon trade, Cisco Systems, Inc. (NASDAQ:CSCO)’s shares down -0.59% to $27.82, as a new report released by Cisco Systems outlines results of a recent telehealth pilot program that provides healthcare to underserved children in Sergipe, Brazil.
The new report, titled Connecting Brazil’s Children to a Healthier Future, comprises findings from a survey conducted by Cisco that telehealth not only assists to improve the quality of care to patients, but also reduces travel time for families who may live in remote areas to visit with a medical specialist.
Cisco first launched the pilot program in partnership with the Federal University of Sergipe (UFS) and other key partners within two cities of the rural state: Tobias Barreto and Lagarto. The pilot is part of a bigger program called Connected Healthy Children, driven by Cisco Corporate Social Responsibility (CSR).
According to the new report, Brazil has a shortage of medical specialists in remote areas like Sergipe — a state located on the northeastern coastline of the South American country.
With the absence of medical specialists outside of major cities in Brazil, people living in rural areas of the country like Sergipe don’t have as much access to specialized care. Another challenge to provide healthcare in rural regions of Brazil is that clinicians who do live in remote areas often have limited access to partnership technologies, which may leave them unable to virtually connect with medical peers who have the specialized expertise they need access to.
But despite challenges, 40 patients were able to benefit from telehealth consultations in the initial pilot. According to the report, the program is now ready to support more consultations and will expand to serve hundreds of patients in 2015.
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.
AT&T, Inc. (NYSE:T), during its Tuesday’s current trading session lost -0.51%, to $32.71, after AT&T Inc. has invested more than $40 million in its best-in-class wireless and wired networks in Midland between 2012 through 2014, driving a wide range of upgrades to enhance reliability, coverage, speed and performance for residents and business customers.
As part of its Project Velocity IP (VIP), an investment plan focused on network enhancement and expansion.
Notable Midland network enhancements in 2014 comprised of:
- Expanding LTE bandwidth 700 LTE band to 10 MHz to allow for raised capacity and an improved customer experience, counting faster LTE data speeds.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Finally, ArcelorMittal (NYSE:MT), gained 5.22% Tuesday, after ArcelorMittal, declared the issuance of €400 million Floating Rate Notes due 9 April 2018 and €500 million 3.00 per cent. Notes due 9 April 2021.
The issuance closed recently. The Notes were issued under ArcelorMittal`s €6 billion wholesale Euro Medium Term Notes Programme.
The proceeds of the issuance will be used for general corporate purposes.
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 & Ordinarywealth of Independent States (ACIS); and Mining.
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