On Wednesday, Shares of Intel Corporation (NASDAQ:INTC), gained 1.69% to $29.46.
Intel Corporation declared it will invest $5 million over the next five years to deepen its engineering pipeline partnership with the Georgia Institute of Technology and deploy research-driven solutions to inspire and retain women and underrepresented minorities to start and complete computer science and engineering degrees.
The Intel and Georgia Tech program, declared in conjunction with the first-ever White House Demo Day, builds on Intel’s ongoing commitment to improve diversity in the technology industry. Earlier this year, Intel declared a new aim in diversity and inclusion: to achieve full representation of underrepresented minorities and women by the year 2020 in its U.S. workforce, together with a $300 million Diversity in Technology initiative to assist build a pipeline of underrepresented engineers and computer scientists, to foster hiring and inclusion of women and underrepresented minorities at Intel, and to fund programs to support a more positive representation of women and underrepresented minorities in technology and gaming.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments.
Shares of Chevron Corporation (NYSE:CVX), inclined 1.18% to $86.79, during its last trading session, as Crude oil prices stabilized on Wednesday after falling more than 4 percent on Tuesday to reach $43.28 a barrel, their lowest price since March 2009. OPEC oil production reached a three-year high in July.
OPEC, whose members are responsible for 40 percent of the world’s oil supply, has refused to lower output in response to falling prices and raised it in July to 31.5 million barrels a day, the highest level since May 2012, Market Watch stated.
The World Bank warned on Monday that the influx of one million barrels of Iranian oil into the global oil supply will lower the price of U.S. oil by a further $10 by the end of the year.
The International Energy Agency (IEA) said the fall in oil prices has encouraged demand in the oil market. However, the IEA said on Wednesday that: “While a rebalancing has clearly begun, the process is likely to be prolonged as a supply overhang is predictable to persist through 2016—suggesting global inventories will pile up further,” according to Reuters.
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream.
Finally, Hilton Worldwide Holdings Inc. (NYSE:HLT), ended its last trade with -0.04% loss, and closed at $25.84.
Hilton Worldwide Holdings declared that Jon M. Huntsman, Jr. has been designated to its Board of Directors, effective Aug. 6, 2015, and will serve on the Board’s Compensation Committee.
Jonathan D. Gray, chairman of the board of directors, Hilton Worldwide said, “We are delighted and honored that Jon has agreed to join the Hilton board. His extensive experience in both business and government, especially in Asia, will be invaluable to the company. We look forward to benefiting from his advice and counsel.”
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide.
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