On Wednesday, Shares of Southern Co (NYSE:SO), added 1.25% and closed at $50.03 in the last trading session. The last trading range of the stock ranges between $49.49 and $50.15. The company’s Market capitalization is $48.63 Billion with the total Outstanding Shares of 978.71 million. During the 52-week trading session the minimum price at which share price traded, registered at $43.38 and reached to max level of $54.64. Southern Co.’s $6.9 billion “clean coal” power plant in Mississippi produced electricity for the first time. The Kemper station used synthetic natural gas, converted from Mississippi lignite coal, to produce its first batch of power, Southern’s Mississippi Power utility said in a statement Wednesday. The generation brings Southern a step closer to placing the plant into full commercial operations after years of delays and cost overruns. Once in service, it’ll be the first large-scale power plant in the U.S. to gasify coal and capture carbon before it’s released into the atmosphere.source bloomberg
Marvell Technology Group Ltd.(NASDAQ:MRVL), jumped 0.86% and closed at $12.94 in the last trading session. The last trading range of the stock ranges between $7.40 and $13.56. The company’s Market capitalization is $6.45 Billion with the total Outstanding Shares of 512.04 million. During the 52-week trading session the minimum price at which share price traded, registered at $7.40 and reached to max level of $13.56. Marvell (MRVL), a world leader in storage, cloud infrastructure, Internet of Things (IoT), connectivity and multimedia semiconductor solutions, recently declared the appointment of Mr. Dave Caron as Corporate Controller and Chief Accounting Officer, effective recently. In this role, Mr. Caron will be responsible for managing all the corporate accounting and financial reporting functions across the organization.
“Dave is an practiced finance and accounting executive with a proven track record in the semiconductor industry,” said Jean Hu, Chief Financial Officer, Marvell Technology Group. “I want to welcome Dave to the team and I look forward to his steady leadership as we return the company to profitable growth.”
Most recently, Mr. Caron was the Corporate Controller and Principal Accounting Officer at Maxim Integrated. In this role, he was responsible for overseeing all facets of accounting counting General Ledger, External/Technical Accounting, Accounts Receivable, Stock Administration, Payroll, Fixed Assets, Credit and Collections, in addition to Accounts Payable. Before Maxim, Mr. Caron held finance leadership positions at Read-Rite Corporation and Ernst & Young.
Cognizant Technology Solutions Corp (NASDAQ:CTSH), gained 0.18% and closed at $49.98 in the last trading session. The last trading range of the stock ranges between $49.74 and $50.94. During the 52-week trading session the minimum price at which share price traded, registered at $45.44 and reached to max level of $69.80. – Cognizant (CTSH) recently declared that it has assisted Standard Life, with its 4.5 million customers, implement next-generation IT infrastructure to support business expansion in its Investments and Pensions, and Savings businesses.
Managing multiple third-party suppliers across communications, network and data centres, Cognizant supported Standard Life in deploying a private cloud infrastructure, across two data centres, and migrating all business services to the new infrastructure. The migration involved mainframe transaction platforms, online trading systems, telephony platforms, contact centres, and third-party investment links. The new private cloud solution has facilitated Standard Life to reduce time-to-market and capital investment, deploy a pay-per-use pricing model, and improve operational resilience to provide consistent availability of business applications.
“The successful implementation of our Information Systems transformation programme has given us a single approach to provisioning and managing our planned IT infrastructure, in addition to improved visibility into utilisation levels and operating costs.” said Stuart Robertson, Head of IS Transformation at Standard Life. “We chose Cognizant for their proven end-to-end capabilities in implementing a modern, agile IT infrastructure that facilitates us to more rapidly respond to new and changing business requirements.”