On Monday, Shares of Xerox Corp (NYSE:XRX), added 0.61% and closed at $9.96 in the last trading session. The last trading range of the stock ranges between $9.93 and $10.01. The company’s Market capitalization is $9.98 Billion with the total Outstanding Shares of 1.01 billion. Cities globally are facing the challenges of raised demand for integrated transportation services and noteworthypopulation growth. A forthcoming 23-city global study1 from Xerox (XRX) shows that citizens have high expectations for transportation innovation in their cities over the next few years. According to the study, by 2020, half of all respondents (49 percent) believe they will have one app for all their transportation needs and 27 percent of respondents believe they will be using a self-driving car.
“Mobility is complicated, infrastructure is complex and widely using driverless technologies by 2020 is likely out of reach,” said Pat Elizondo, senior vice president, Global Sales and Marketing, Public Sector, Xerox. “However, there are ways cities can meet constituent innovation demands and show progress in that timeframe, counting delivering a single, unified mobility app.”
In fact, Xerox created a solution to meet citizens’ transportation desires earlier this year. Xerox debuted its own unique mobility app that is presently piloting in Los Angeles, Denver, Centennial and Bengaluru. The “Go” app captures the universe of transportation options available in a city and computes the quickest, cheapest and most sustainable way to reach a destination.
“Offering sophisticated apps, such as Go LA and Go Denver, opens the door for behavior change among citizens,” said Elizondo. “Even though younger generations are more apt to use public transit, older generations still prefer cars. These types of apps are a great way to get all citizens on board with using alternative modes of transportation, which will eventually reduce congestion within the city and allow for existing infrastructure to be used more efficiently.”
Western Digital Corp (NASDAQ:WDC), jumped 1.01% and closed at $59.26 in the last trading session. The last trading range of the stock ranges between $58.73 and $59.73. The company’s Market capitalization is $17.07 Billion with the total Outstanding Shares of 284.96 million. During the 52-week trading session the minimum price at which share price traded, registered at $34.99 and reached to max level of $86.39. Western Digital Corp. (WDC) recently declared that the company plans to release its financial results for the first fiscal quarter ended Sept. 30, 2016 after the close of the market on Wednesday, Oct. 26, 2016. The investment community conference call to discuss these results will be broadcast live over the Internet that day at 2 p.m. Pacific/5 p.m. Eastern. The live and archived conference call/webcast can be accessed online. The telephone replay number in the U.S. is 1-(855) 859-2056 or +1-(404) 537-3406 for international callers. The required passcode is 87154641.
On the otherhand Suncor Energy Inc. (USA)(NYSE:SU), jumped 2.31% and closed at $28.40 in the last trading session. The last trading range of the stock ranges between $28.02 and $28.64. The company’s Market capitalization is $46.95 Billion with the total Outstanding Shares of 1.66 billion. During the 52-week trading session the minimum price at which share price traded, registered at $18.71 and reached to max level of $30.70. Suncor Energy UK Limited (“Suncor”) recently declared it has closed the formerly declared purchase of a 30 per cent participating interest in the U.K. North Sea Rosebank project from OMV (U.K.) Limited.
All necessary regulatory approvals have been received and as per the agreement, Suncor has made an initial payment of US$50 million to OMV (U.K.) Limited.
In the event the co-venturers approve the Rosebank project final investment decision and Suncor elects to take part, Suncor could pay additional consideration to OMV (U.K.) Limited of up to US$165 million, subject to adjustments according to the terms of the agreement.
The Rosebank project, located about 80 miles (130 kilometres) northwest of the Shetland Islands is considered one of the best and leading remaining undeveloped resources in the U.K. North Sea. The project is expected to be complementary to Suncor’s existing UK portfolio. Joint Venture parties include operator Chevron North Sea Limited (40 per cent), Suncor (30 per cent), OMV (U.K.) Limited (20 per cent) and DONG E&P (U.K.) Limited (10 per cent).
Legal Advisory – Forward-Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements in this news release include references to: the potential additional consideration that Suncor could pay to OMV (U.K.) Limited in the event the co-venturers approve the Rosebank project final investment decision and Suncor elects to take part; the belief that the Rosebank project is one of the best and leading remaining undeveloped resources in the U.K. North Sea; and the expectation that the project will be complementary to Suncor’s existing UK portfolio. Some of the forward-looking statements and information may be identified by words like “could”, “expected”, “considered” and similar expressions.