LIBERTY LAKE: Itron Inc., which is innovating the way utilities and cities manage energy and water, announced the successful closing of the previously announced agreement to partner with Accell as Itron’s regional partner and lead distributor for the Latin America region. As part of the agreement, Accell will manufacture devices sold in Latin America and…
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Cloud IT infrastructure spending grows 2.2%; non-cloud environments saw double-digit declines in Q1 2020
FRAMINGHAM: According to the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, increased 2.2% in the first quarter of 2020 (1Q20) while investments in traditional, non-cloud, infrastructure plunged 16.3% year over…
Ingram Micro introduces advanced solutions strategy and leadership for Asia Pacific
IRVINE: Executing against its global advanced solutions strategy, Ingram Micro Inc. noted a series of growth investments spanning the Asia Pacific region, which accounts for 10 countries. In addition, ASEAN Vice President and Country Chief Executive (CCE), Francis Choo, will expand his role to include oversight of the new Advanced Solutions strategy. The organic 2020/2021…
London Life International Reinsurance assigned strong ratings with stable outlook
OLDWICK: Rating agency AM Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa” to London Life International Reinsurance Corporation (LLIRC) (Barbados). The outlook assigned to the Credit Ratings is stable. London Life is rated as part of the group rating for The Canada Life Assurance Company…
Virgin Hyperloop and Spirit AeroSystems announce collaboration agreement
LOS ANGELES: Spirit AeroSystems has joined in partnership with Virgin Hyperloop as it prepares to move towards a commercial product. The collaboration will help to solidify the hyperloop prototype utilizing Spirit Aerosystems engineers, fabricators, builders, supply chain and certification experts, and technicians. “As one of the most credible aerospace-grade structures companies in the world, Spirit…
AWS announces Amazon Honeycode
SEATTLE: Amazon Web Services (AWS) announced Amazon Honeycode, a fully managed service that allows customers to quickly build powerful mobile and web applications – with no programming required. Customers who need applications to track and manage things like process approvals, event scheduling, customer relationship management, user surveys, to-do lists, and content and inventory tracking no…
Two Harbors Investment Corp appoints William Greenberg President and CEO
NEW YORK: Two Harbors Investment Corp. announced the appointments of William Greenberg to President and Chief Executive Officer and Matthew Koeppen to Chief Investment Officer. “We are pleased to announce the appointment of Bill Greenberg to President and Chief Executive Officer and Matt Koeppen to Chief Investment Officer,” stated Stephen G. Kasnet, Chairman of Two…
Infoworks unveils new DataFoundry test drive
PALO ALTO: Infoworks.io, the leader in Enterprise Data Operations and Orchestration (EDO2) systems, announced availability of DataFoundry Test Drive – a free, hosted offering designed for users to experience how DataFoundry’s intelligent automation enables rapid and easy implementation and deployment of complex analytics, artificial intelligence and machine learning use cases in a guided interactive environment….
Foresight Energy announces Bankruptcy Court confirmed its reorganization plan
SAINT LOUIS: Foresight Energy LP announced that the United States Bankruptcy Court for the Eastern District of Missouri has issued an order confirming Foresight’s chapter 11 plan of reorganization. The plan provides for the reduction of over $1 billion of Foresight’s existing indebtedness and the elimination of approximately $94 million of Foresight’s anticipated annual cash interest…
Barcelona stands out in European research into fighting Covid-19
MADRID: In the socioeconomic recovery of Europe’s main cities following the effects of the Covid-19 pandemic, a commitment to healthcare, innovation and medical research is a key element. In that regard, Barcelona and the surrounding area play a European leadership role, uniting a powerful healthcare field with a high quality scientific research network. And according…
TravelCenters of America to open first TA Express in California
WESTLAKE: TravelCenters of America Inc. has signed a franchise agreement with CSG Petroleum Inc. to open a TA Express in Bakersfield, California. It will be the first introduction of the TA Express brand in California and will convert by the end of 2020. “We’re happy to have a new location for professional drivers in California…
US travel agency air ticket sales show initial signs of recovery in May 2020
ARLINGTON: Airlines Reporting Corp. (ARC) released data showing that ARC-accredited travel agencies experienced a 69% month-over-month increase in net sales from April to May 2020, showing preliminary signs of air travel recovery from the COVID-19 pandemic. Year-over-year net sales were still down 102%, with the consolidated dollar value of tickets transacted by agencies last month…