Shares of Johnson Controls Inc (NYSE:JCI) ended Monday session in red amid volatile trading. The shares closed down -0.35 points or -0.79% at $44.20 with 6.70 million shares getting traded. Post opening the session at $44.71, the shares hit an intraday low of $43.87 and an intraday high of $44.76 and the price vacillated in this range throughout the day. The company has a market cap of $28.53 billion and the numbers of outstanding shares have been calculated to be 637.75 million shares.
On Sept. 6, 2016 With a vision to create a safe, comfortable and sustainable world, a newly formed Johnson Controls (JCI) begins operations following the successful completion of its merger with Tyco, marking a historic turning point for both companies.
By uniting Johnson Controls, the number one provider of building efficiency solutions with Tyco, the number one provider of fire and security solutions, the new company is uniquely positioned as a leader in products, technologies and integrated solutions for the buildings and energy sectors.
With $30 billion in revenue and 117,000 employees (following the anticipated spinoff of the Adient automotive business in October), this powerful combination brings together best-in-class product, technology and service capabilities across controls, fire, security, HVAC and energy storage, to serve the full spectrum of end markets including large institutions, government, commercial buildings, retail, industrial, small business and residential. Tyco and Johnson Controls’ buildings platforms create immediate opportunities for growth through cross-selling, complementary branch and distribution channel networks, and expanded global reach for established businesses.
Longer term, the company is uniquely positioned to drive new innovations in technology and business models to support the smart buildings, campuses and cities of the future as well as building upon strategic, high value-added services driven by data analytics and connectivity like the Retail Solutions and Connected Services businesses. Johnson Controls also will have one of the largest energy storage platforms with capabilities spanning the technology spectrum to serve an expanding global energy storage market.
“We are more than just two businesses that have come together – we are now one team uniquely positioned to create value,” said Alex Molinaroli, Johnson Controls chairman and CEO. “Our combined insights and world class technologies will help build even smarter, more secure and more sustainable environments that help our customers win and broadly move the world forward.”
Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) ended Monday session in green amid volatile trading. The shares closed up +0.20 points or 3.15% at $6.55 with 5.60 million shares getting traded. Post opening the session at $6.52, the shares hit an intraday low of $6.50 and an intraday high of $6.61 and the price vacillated in this range throughout the day. The company has a market cap of $8.19 billion and the numbers of outstanding shares have been calculated to be 1.29 billion shares.
On Sept. 15, 2016 FCA US LLC was recognized by the National Business Group on Health (NBGH) for its comprehensive programs that enable a healthy workplace and encourage healthy lifestyles for both employees and families.
The NBGH’s Best Employers for Healthy Lifestyles Award recognizes employers that have embraced a culture of wellness and are working collaboratively to improve their employees’ health, productivity and quality of life.
The Company was among 55 major U.S. employers that received the 2016 Best Employers for Healthy Lifestyles Award on September 14 at the NBGH’s Leadership Summit in Washington, D.C. It was the eighth consecutive year the Company has been recognized in this important benchmark and the sixth consecutive year it was the only automaker to earn an award.
“Sustaining a healthy workplace and promoting the health and well-being of our employees and their families plays a key role in the success of our business,” said Kathleen Neal, Director – Integrated Health Care & Disability, FCA US LLC.
The FCA US-UAW wellness program was created and implemented more than three decades ago for both represented and non-represented employees and is focused on promoting a healthier workplace, healthy lifestyles and reducing the risk of illness and chronic disease. The program encompasses a wide range of services, including health assessments, biometric screenings, workshops, campaigns and health coaching. Employee interest, health assessments, screening results and disability data help decide program topics. Incentives linked to wellness activities are used to increase employee participation.
“The support of the health and well-being of our members is critical to maintaining a world-class working environment where our employees and the Company can thrive,” said Norwood Jewell, UAW Vice President and Director of the UAW FCA US Department. “On behalf of our members, we are proud to receive this Award as it demonstrates the importance of our health programs and the consistent level of success they have achieved.”
“We congratulate FCA US for being among an elite group of companies that are making a difference every day in improving the health and overall well-being of their employees and families,” said Brian Marcotte, President and CEO of the National Business Group on Health. “FCA US and its leadership team are to be commended for their commitment to promoting healthy work environments and for their innovation in developing outstanding programs for employees that encourage good health and well-being.”