Market Movers: Hewlett Packard Enterprise Co (NYSE:HPE), American International Group Inc (NYSE:AIG), Best Buy Co Inc (NYSE:BBY)

On Monday, Shares of Hewlett Packard Enterprise Co (NYSE:HPE), SUBTRACT -0.44% and closed at $22.65 in the last trading session. The last trading range of the stock ranges between $22.55 and $22.83. Samsung Electronics Co., Ltd. and Hewlett Packard Enterprise ( NYSE : HPE ) recently declared a partnership that will provide carriers with integrated network functions virtualization (NFV) infrastructure and virtual network functions (VNF) solutions. This kind of partnershipis critical to both carriers and customers increasingly looking to implement pre-tested and integrated multi-vendor solutions based on an open architecture.

The new partnership brings together two best-in-class solutions, merging Samsung’s carrier network and HPE’s IT telecommunications expertise. Together, the solutions will assist carriers accelerate their transformation from networks built on monolithic, proprietary appliances to more agile cloud-based networks facilitated by NFV.

“Samsung is confident in maintaining its stance as a pioneer in delivering advanced technologies required to lead the next generation market, like open ecosystem based NFV,” said Woojune Kim, Vice President and Head of Strategy Group in Next Generation communication Team at Samsung Electronics. “We see profound potential on joining the HPE OpenNFV Partner Program to ensure various choices for carriers in selecting NFV providers, together with the commercially-proven NFV solution we developed in 2015.”

American International Group Inc (NYSE:AIG), DROPPED -0.71% and closed at $58.92 in the last trading session. The last trading range of the stock ranges between $58.49 and $59.30. The company’s Market capitalization is $64.10 Billion with the total Outstanding Shares of 1.08 Billion. American International Group, Inc. (AIG) declared that Hugh Tamassia will join AIG as Chief Enterprise Architect on October 3, 2016, with responsibility for designing an enterprise architecture to effectively drive AIG’s IT priorities and company-wide planned plan. Mr. Tamassia will report to Philip Fasano, Executive Vice President, Chief Information Officer.

“Modernizing AIG’s technological infrastructure by establishing a consistent architecture across the company will advance our employees’ capabilities to serve customers and represent progress toward becoming a leaner, more profitable and focused insurer,” said Mr. Fasano. “Hugh is strongly suited to deliver on this task with an eye on long-term innovation, with his experience leading both extensive enterprise architecture efforts and key IT innovation programs within financial services, such as the foundational platforms that support some of the world’s most widely used mobile wallet applications.”

Mr. Tamassia joins AIG after serving in senior technology roles at JPMorgan Chase & Co. (JPMC) for 13 years, most recently as Chief Technology Officer for Consumer and Community Banking Servicing Technology. In this position, he was responsible for overseeing administration, development, and planned investment across the core servicing and lending platforms for consumer operations. He was also instrumental in establishing the planned plan for and then managing the restructuring program to build Operations Technology, one of the leading business-facing technology delivery organizations within Consumer and Community Banking Technology.

Before that, Mr. Tamassia served as Chief Architect for Chase Consumer and Community Banking, Head of Chase Innovation, Chief Technology Officer for Chase’s Private Label Credit Card, and Head of eBusiness.

Best Buy Co Inc (NYSE:BBY), gained 0.03% and closed at $38.18 in the last trading session. The last trading range of the stock ranges between $37.87 and $38.55. During the 52-week trading session the minimum price at which share price traded, registered at $25.31 and reached to max level of $40.58. For more than 50 years, customers have relied on Best Buy to assist them learn about and enjoy consumer electronics. Now Best Buy’s Ignite program gives customers access to even more of the most recent technology from some of the world’s most inventive entrepreneurs and startups in consumer electronics.

Key features of the program include dedicated store space for products and services from startups; a new section on where customers can browse, learn about, and purchase the newest products from startups; and a partnership with PCH, a product innovation company that works closely with startups to assist get their products into consumers’ hands, faster and at a lower cost.

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