McConnell Dowell Chooses Orange Business Services to Deliver Smart IoT solution for Construction Sites

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MELBOURNE, Australia & PARIS–(BUSINESS WIRE)–McConnell Dowell, a leading infrastructure construction company has selected Orange Business Services to design a customized, smart and scalable IoT solution. It will enable construction sites to collect and report on real-time information, such as heavy machinery utilization and asset tracking, to enable smarter decision making for operational efficiency, time saving and cost reductions.

The construction industry faces significant business and technology challenges. These include equipment and skilled labor shortages, increasingly short project schedules and rising costs of infrastructure delivery. IoT will allow construction sites to leverage real-time data feeds to tackle these issues head on.

Co-innovation led Orange and McConnell Dowell to co-create use case applications from innovation and ideation to platform deployment. Orange created a flexible, scalable IoT platform to collect, report and visualize real-time information over a private IoT network, focusing on digitizing manual and paper-centric processes and removing manual tasks

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Buffett’s Berkshire Boosts Its Stake in Bank of America to 11.8% | Investing News

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(Reuters) – Warren Buffett’s Berkshire Hathaway Inc

said on Thursday it has bought another $522 million of stock in Bank of America Corp

, boosting its already large stake in the second-largest U.S. bank by assets.

Berkshire bought about 21.2 million Bank of America shares from July 28 to 30, according to a regulatory filing.

Following those purchases, Berkshire owned a total of 1.02 billion shares in Bank of America which roughly represents an 11.8% stake in the company.

Berkshire has spent more than $1.7 billion on 71.5 million Bank of America shares since July 20, including the latest purchases, according to regulatory filings.

Berkshire began investing in Bank of America in 2011, a time many investors worried about the bank’s capital needs, when it acquired $5 billion of preferred stock plus warrants to buy 700 million common shares.

By the end of March, Bank of America had become Berkshire’s

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