On Friday, Shares of Philip Morris International Inc. (NYSE:PM), added 0.40% and closed at $96.02 in the last trading session. The last trading range of the stock ranges between $95.70 and $95.56. The company’s Market capitalization is $149.49 Billion with the total Outstanding Shares of 1.55 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $83.27 and reached to max level of $96.56. Philip Morris International Inc.’s (NYSE/Euronext Paris: PM) senior administration reviews the company’s business outlook and long-term growth strategies at a two-day shareholder meeting starting recently at its Operations Center in Lausanne, Switzerland.
“The core components of our business model hold great promise for our shareholders and our broader stakeholder base. We will continue to lead the combustible product category, leveraging the great strengths of our existing business to deliver against our current growth algorithm,” said André Calantzopoulos, Chief Executive Officer.
“We aim to become the undisputed leader of the Reduced-Risk Product category with the highly ambitious objective of having RRPs eventually replace combustible products to the benefit of adult smokers, society and our company.”
Emerson Electric Co. (NYSE:EMR), dropped -1.29% and closed at $52.70 in the last trading session. The last trading range of the stock ranges between $52.38 and $53.13. The company’s Market capitalization is $33.29 Billion with the total Outstanding Shares of 643.54 million. During the 52-week trading session the minimum price at which share price traded, registered at $41.25 and reached to max level of $56.82. Emerson (EMR) recently declared it has agreed to acquire UK-based Permasense Limited, a leading provider of non-intrusive corrosion monitoring technologies for the offshore and onshore oil production, refining, chemical, power, pipelines, metals and mining and other industries. Permasense® monitoring systems use unique sensor technology, wireless data delivery and advanced analytics to continuously monitor for metal loss from corrosion or erosion in pipes, pipelines or vessels, and reliably deliver high-integrity data from even the harshest environments.
The acquisition represents another step forward in Emerson’s strategy to invest in its core business platforms and expand in markets that hold noteworthylong-term growth opportunity
“Corrosion and erosion can significantly impact the safe and reliable operation of our industrial customers’ infrastructure, which can have dire consequences. Wireless non-intrusive corrosion monitoring is a transformational shift that assists customers right away understand the health and integrity of their infrastructure in real-time and facilitate them to fully optimize their operations while maximizing safety,” said Mike Train, president, Emerson Automation Solutions. “For example, with the increasing complexity of the types of crude oil coming into a refinery, corrosion is becoming a noteworthyissue in the uptime and profitability of a refinery. Now refinery infrastructure can be monitored and controlled using this non-intrusive technology.
On the otherhand Telefonica S.A. (ADR)(NYSE:TEF), dropped -2.43% and closed at $9.64 in the last trading session. The last trading range of the stock ranges between $9.58 and $9.72. The company’s Market capitalization is $46.49 Billion with the total Outstanding Shares of 4.76 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $8.34 and reached to max level of $13.53. Telefónica, S.A. provides mobile and fixed communication services mainly in the European Union and Latin America. The companys mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services. Its fixed telecommunication services include PSTN lines; ISDN accesses; public telephone services; local, domestic, and international long-distance and fixed-to-mobile communications; corporate communications; supplementary and business oriented value-added; video telephony; intelligent network; and telephony information services. The company also leases and sells handset equipment, in addition to provides Internet and broadband multimedia services comprising Internet service provider; portal and network; retail and wholesale broadband access; narrowband switched access to Internet; high-speed Internet services through fiber to the home; and VoIP services. In addition, it offers data and business-solutions services that include leased lines; virtual private network; fiber optics; hosting and application; outsourcing and consultancy; desktop; and system integration and professional services. Further, the company offers wholesale services for telecommunication operators, counting domestic interconnection; international wholesale; leased lines for other operators network deployment; and local loop leasing under the unbundled local loop regulation framework, in addition to bit stream services, bit stream naked, wholesale line rental accesses, and leased ducts for other operators fiber deployment. In Addition To, it also provides Internet protocol TV, over-the-top network television, cable and satellite TV, and pay TV services; M2M connectivity platforms; and e-health or telecare, financial and other payment, security, cloud computing, advertising, big data, and future communication services.