On Thursday, Shares of Intel Corporation (NASDAQ:INTC), lost -2.93% to $27.53, hitting its lowest level.
At the 2015 Intel Developer Forum in San Francisco, CA, United Artists Media Group CEO Mark Burnett, (left) and Intel CEO Brian Krzanich, (right), declared “America’s Greatest Makers,” a new reality competition premiering in the first half of 2016 across the Turner Broadcasting entertainment platform that builds off the success of last year’s Intel ‘Make it Wearable’ challenge. Offering a $1 million prize, the challenge showcases makers inventing wearables and smart connected consumer devices powered by Intel® Curie™ technology.
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 The Bank of New York Mellon Corporation (NYSE:BK), declined -3.12% to $42.80, during its last trading session, after the Federal Deposit Insurance Corp sued the financial company over the sale of $2.06 billion in mortgage-backed securities to a failed bank, Reuters reports.
The FDIC alleges Bank of New York Mellon failed to protect its investors in its role as bond trustee leading the U.S. regulator to lose more than $440 million when it sold the securities in 2010 in its role as receiver for the shuttered Guaranty Bank.
Guaranty Bank closed in 2009 and its deposits were assumed by a U.S. division of Banco Bilbao Vizcaya Argentaria (BBVA), Reuters added.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
Finally, National Oilwell Varco, Inc. (NYSE:NOV), ended its last trade with -1.71% loss, and closed at $38.42, hitting its lowest level, as US crude oil prices fell to almost $40 a barrel on Thursday, their lowest since the global financial crisis of 2009, as supplies rose in North America and the Middle East, filling stockpiles to record levels.
Oil has lost a third of its value since June on high US production, record crude pumping in the Middle East and concern about falling demand in Asian economies.
All the main oil futures contracts looked to be heading lower, PVM Oil Associates director and technical analyst Robin Bieber said.
National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production; and provides oilfield services to the upstream oil and gas industry worldwide. The company’s Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components.
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