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NTT Docomo, Pioneer form business, capital alliance

2013-05-13 09:06:00| Telecompaper Headlines

(Telecompaper) Japanese mobile operator NTT Docomo has formed a business and capital alliance with Pioneer, a manufacturer of car and home electronics, to enter intelligent transport systems business in Japan. Pioneer's in-car navigation telematics technologies and related peripheral development capacities will be integrated with Docomo's mobile cloud expertise to make a full-scale entry into the field of intelligent transport systems (ITS). The envisioned in-car ITS system will use probe data gathered from Pioneer's car-mounted navigation system and Docomo smartphones in moving vehicles to process detailed traffic information in Pioneer's ITS cloud platform. ITS services that integrate this information with various other services will be jointly developed and launched for individual and corporate customers this year. In addition to developing such services and constructing ITS-related cloud infrastructure, the two companies will develop and sell compliant car-mounted communication devices. Under the capital alliance, Docomo plans to invest about JPY 5 billion through a third-party allocation of new shares to acquire approximately 7 percent stake in Pioneer on 28 June.

Tags: business form capital alliance

 

Hess Corp Upgraded to Overweight by Barclays Capital

2013-05-13 08:42:52| Oil & Gas - Topix.net

The firm currently has a $86.00 price target on the stock, up from their previous price target of $82.00. HES has been the subject of a number of other recent research reports.

Tags: capital corp upgraded hess

 
 

Mattioli Woods plc Given "Buy" Rating at Shore Capital Stockbrokers

2013-05-13 04:47:39| Industrial Machines - Topix.net

's stock had its "buy" rating reaffirmed by research analysts at Shore Capital Stockbrokers in a report released on Tuesday, Analyst Ratings Network reports.

Tags: buy rating capital woods

 

Norfolk Southern Given "Outperform" Rating at FBR Capital Markets

2013-05-12 15:59:39| Railroads - Topix.net

's stock had its "outperform" rating reiterated by investment analysts at FBR Capital Markets in a note issued to investors on Tuesday, AnalystRatings.Net reports.

Tags: rating capital southern markets

 

CenterPoint Energy Receives "Outperform" Rating from RBC Capital

2013-05-12 06:04:51| Energy - Topix.net

's stock had its "outperform" rating reiterated by investment analysts at RBC Capital in a note issued to investors on Tuesday, StockRatingsNetwork reports.

Tags: rating capital energy receives

 

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