On Thursday, Shares of Apple Inc. (NASDAQ:AAPL), lost -0.48% to $127.50.
Apple Inc, said Thursday that it is removing games from its online app store that feature the Confederate flag in “offensive or mean-spirited ways.”
The move comes days after Apple CEO Tim Cook called on people in a tweet to honor the victims of the Charleston, South Carolina, church shooting by eradicating racism and the symbols that feed it, according to AP.
Apple said in a statement Thursday that apps are being removed “that use the Confederate flag in offensive or mean-spirited ways, which is in violation of our guidelines.” Other apps that depict the flag in educational or historical contexts are not being removed. AP Reports
The company is working with developers to get games that have been removed — such as the Civil War battle game “Cannon Shooter” — back in the store after changes are made. AP added.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of Oasis Petroleum Inc. (NYSE:OAS), inclined 1.31% to $16.19, during its last trading session, even though oil prices fell on Thursday as traders kept an eye on Greece’s prolonged negotiations with creditors to avoid a debt default and possible exit from the euro-zone.
US benchmark West Texas Intermediate for August delivery fell 57 cents to US$59.70 a barrel. Brent North Sea crude for August, the global benchmark, closed at US$63.49 a barrel in London, down 29 cents from Wednesday’s settlement.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Finally, E. I. du Pont de Nemours and Company (NYSE:DD), ended its last trade with -0.08% loss, and closed at $66.15, after JPMorgan issued a downbeat analyst note on the chemical company’s planned spin-off of Chemours, its performance chemical division.
“We regard the spin as a dilutive transaction for the parent company. DuPont will lose roughly $978 million in operating income, or $900 million after eliminating an estimated $75 million in residual costs,” the firm said in a note.
JPMorgan is expecting Chemours cash flow generation to be negligible for 2015, resulting in the company having to borrow in order to pay the initial quarterly dividend of $100 million it committed to in September, MarketWatch reports.
E.I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides.
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