On Thursday, Shares of Intel Corporation (NASDAQ:INTC), gained 1.24% to $30.56.
Intel Corporation’s CEO, Brian Krzanich, declared a series of leadership and organizational changes in a message to employees.
Intel President Renée James informed the board that she will be stepping down as President of Intel to pursue an external CEO role. She has agreed to stay at Intel until January in order to transition the Executive Office. In connection with recent news, James distributed an employee message about her plans.
In addition, other leadership and organizational changes that are being made to streamline operations and better position Intel for growth comprise:
Arvind Sodhani, President of Intel Capital, will retire in January after a distinguished 35-year career with the company. President of Mergers and Acquisitions Wendell Brooks will take an expanded role to also become President of Intel Capital. Merging these teams under one leader will allow clear focus across all investment opportunities for Intel.
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 Sprint Corporation (NYSE:S), declined -0.88% to $4.48, during its last trading session.
Sprint Corporation, is rapidly expanding its retail distribution with its “store-within-a-store” concept at co-branded RadioShack locations.
General Wireless Operations declared recently that it accomplished the purchase of the RadioShack brand, securing Sprint’s ability to quickly expand its presence and give consumers access to industry-first leasing plans and the latest devices. Sprint will have a presence in 1,435 Sprint-RadioShack stores by the first week of July. About 300 stores will be completely renovated to the new store-within-a-store model at that time, with the remainder planned to be accomplished by the end of the year. These stores will have new signage, new fixtures and a look-and-feel that is similar to other Sprint-owned stores.
The addition of the Sprint-RadioShack stores expands Sprint’s total retail footprint to about 4,500 locations in the United States.
Sprint Corporation, through its auxiliaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands.
Finally, Enterprise Products Partners L.P. (NYSE:EPD), ended its last trade with 2.23% gain, and closed at $29.74.
Enterprise Products Partners, declared it has executed a long-term agreement for incremental ethane transportation capacity on the partnership’s Aegis pipeline. With this agreement, total capacity commitments for the Aegis pipeline will ramp up over the next four years to more than 300,000 barrels per day (“BPD”).
“Enterprise is very happy to enter into this agreement and provide the midstream services necessary to support the continued growth of the petrochemical industry along the Gulf Coast,” said Michael A. Creel, chief executive officer of Enterprise’s general partner.
The Aegis pipeline, which originates at Enterprise’s natural gas liquids fractionation and storage complex in Mont Belvieu, Texas, extends 270 miles to Napoleonville, Louisiana. The initial 60-mile segment between Mont Belvieu and Beaumont, Texas began service in September of 2014. The remaining portion is planned for completion by the end of 2015. Capacity on the pipeline can be expanded to about 400,000 BPD.
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, in addition to import and export terminal services.
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