On Thursday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), subtract -0.35% and closed at $31.48 in the last trading session. The last trading range of the stock ranges between $31.21 and $31.63. Celestica Inc. (CLS) (CLS), a global leader in the delivery of end-to-end product lifecycle solutions, recently declared that it has received the 2016 Excellence in Sustainability award from Cisco®.
This prestigious award recognizes Celestica for Excellence in Sustainability for demonstrating sustainability leadership above and beyond standard sustainability practices, and leading the industry through its approaches to reduce negative environmental impacts and raise positive social impacts. The distinction was awarded during Cisco’s 25th Annual Supplier Appreciation Event, held September 8 at the Santa Clara Convention Center in California.
“The theme for our Silver Anniversary SAE event, ‘Celebrating the Journey’, puts the spotlight on our continued journey towards Digitization and the tremendous opportunities that come from connecting people, processes, data and things,” said John Kern, senior vice president, Supply Chain Operations, Cisco. “Cisco’s supply chain has evolved into the recognized leader it is recently with suppliers and partners playing an instrumental role in the company’s growth, development and success. We’ve come a long way, but we must continue to evolve, innovate and accelerate.”
Target Corporation (NYSE:TGT), jumped 0.99 % and closed at $68.41 in the last trading session. The last trading range of the stock ranges between $67.21 and $68.58. The company’s Market capitalization is $38.81 Billion with the total Outstanding Shares of 574.86 Million. Reed’s, Inc. (REED), maker of the top selling craft sodas nationwide recently declared that Reed’s Ginger Brews are now authorized and available in 1,335 Target stores throughout the country. Target is headquartered in Minneapolis, Minnesota and is the second leading discount retailer in the U.S., operating 1,792 locations. Reed’s Extra Ginger Brew and Reed’s Original Ginger Brew launched in stores last week and will be featured in Target’s craft soda specialty set.
Neal Cohane, SVP Sales & Marketing commented, “This launch in Target is a great opportunity to expand our brand presence in the mainstream mass merchandise channel and meet the growing consumer demand for the Reed’s brand. There is an evolution in the mindset of retailers across the country as consumers are drinking less of the typical artificial sodas and are seeking out healthier alternatives like Reed’s, the leader in the premium craft soda category. Target has not only recognized this shift in consumer demand, but has embraced it.”
Honeywell International Inc. (NYSE:HON), gained 0.30 % and closed at $115.61 in the last trading session. The last trading range of the stock ranges between $115.00 and $115.89. During the 52-week trading session the minimum price at which share price traded, registered at $93.71 and reached to max level of $120.02. Honeywell (HON) recently declared it has updated its previous guidance for the third quarter of 2016 to reflect the separation of the former Automation and Control Solutions reporting segment into two new reporting segments; the acquisition of Intelligrated, which closed on August 29, 2016; the sale of the Honeywell Technology Solutions (HTSI) government services business, which closed on September 16, 2016; the spin-off of Resins and Chemicals as AdvanSix Inc., which became effective on October 1, 2016; and lower outlooks in certain business segments.
The company also declared it has elected to adopt the Financial Accounting Standards Board’s (FASB) Accounting Standards Update 2016-09 for stock compensation in the third quarter, which is in advance of the mandatory 2017 effective date. As a result of the early adoption, the company is required to report the impacts as though the accounting standard update had been adopted on January 1, 2016. Accordingly, the first- and second-quarter results have been recast to reflect a $0.03 and $0.04 tax benefit, respectively. Benefits from the accounting change and sale of HTSI will be deployed to fund restructuring and other charges in the third quarter.