On Monday, Shares of Microsoft Corporation (NASDAQ:MSFT), SUBTRACT -0.31% and closed at $57.42 in the last trading session. The last trading range of the stock ranges between $57.06 and $57.55. ABB and Microsoft Corp. recently declared a planned partnership to assist industrial customers create new value with digital solutions. Customers will benefit from the unique combination of the Microsoft Azure intelligent cloud and ABB’s deep domain knowledge and extensive portfolio of industrial solutions.
The two partners are committed to empowering digital transformation in customer segments such as robotics, marine and ports, electric vehicles and renewable energy. By selecting Microsoft Azure as the cloud for its integrated connectivity platform, ABB’s customers will now have access to an enterprise-grade cloud infrastructure that benefits from billions of dollars of ongoing investment.
“Together with ABB, we are providing industrial customers with the digital technology and cloud platform to empower every person, team and business system within an organization to glean new insights and drive faster decision making to seize new growth and opportunities,” said Satya Nadella, CEO, Microsoft.
“This partnership will provide unique benefits to our customers in utilities, industry, transport and infrastructure, building on the combined strength of Microsoft and ABB,” said ABB CEO Ulrich Spiesshofer. “Building on our installed base of more than 70 million connected devices and more than 70,000 digital control systems, the next step is to develop one of the world’s leading industrial cloud platforms.”
Host Hotels and Resorts Inc (NYSE:HST), jumped 0.06% and closed at $15.58 in the last trading session. The last trading range of the stock ranges between $15.40 and $15.66. The company’s Market capitalization is $11.53 Billion with the total Outstanding Shares of 742.48 Million. Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm mainly engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. It also invests in Canada, Mexico, Chile, the United Kingdom, Italy, Spain, and Poland. The firm mainly invests in luxury and upper upscale hotels.
WPX Energy Inc (NYSE:WPX), gained 0.42% and closed at $13.25 in the last trading session. The last trading range of the stock ranges between $12.86 and $13.38. During the 52-week trading session the minimum price at which share price traded, registered at $2.53 and reached to max level of $13.92. WPX Energy, Inc., an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. Its principal areas of operation include the Permian Basin in Texas and New Mexico, the Williston Basin in North Dakota, and the San Juan Basin in New Mexico and Colorado.