Cisco Opens Innovation Center in Rio and 2 Other Dow Movers to Watch
Cisco Systems Inc. (NASDAQ:CSCO): Current price $23.98
Cisco Systems said that it is expanding in Brazil during a time in which currency volatility and a slump in Latin America’s biggest economy is discouraging some of its rivals. On Friday, Cisco launched an innovation center in Rio de Janeiro through which to boost sales and services to government and corporate clients, including energy and mining firms, said Robert Lloyd, chief of development and sales, in an interview.
Lloyd observed that, “In challenging times, or rocky periods, that’s when you can actually make your biggest gains. We’ve been through these things many times in our 30-year history and we adapt and adjust to the fluctuations in currencies.”
United Technologies Corp. (NYSE:UTX): Current price $102.83
It was announced on Friday that the European Aviation Safety Agency, along with the Federal Aviation Administration, have certified the M28 fixed-wing aircraft for flight in known icing conditions. The M28 is built by the PZL Mielec company, a business division of Sikorsky Aircraft, which itself is a subsidiary of United Technologies C0rp.
M28 aircraft manufactured with the icing system will now be permitted to launch in icy weather that might otherwise deter or cancel flight operations. The icing system determines the temperature and moisture content of the surrounding environment and then applies heat to the propeller, wing struts, and critical aerodynamic surfaces to remove any ice buildup.
The Coca-Cola Co. (NYSE:KO): Current price $38.44
Mexico’s Coca-Cola Femsa, which is a joint venture between The Coca-Cola Co. and the Mexican retail and bottling firm Femsa, announced on Thursday that it has finalized its all-cash acquisition of the Brazilian Coke bottler Companhia Fluminense de Refrigerantes. Coke Femsa, Latin America’s biggest Coke bottler, agreed to pay $448 million for the Brazilian bottler back in June.