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Tuesday 4 August 2015
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Friday’s Trade News Analysis on: Office Depot (NASDAQ:ODP), Enterprise Products Partners L.P.(NYSE:EPD), Franklin Resources, (NYSE:BEN), Ingram Micro.(NYSE:IM)

On Friday, Office Depot Inc (NASDAQ:ODP)’s shares inclined 0.25% to $8.00.

Office Depot Inc (ODP) a leading global provider of office products, services and solutions and parent company of Office Depot and OfficeMax, found that while nearly two-thirds (61 percent) of small business owners (SMBs) plan to take a vacation this summer, 76 percent will stay connected to their work in some way while out of the office.

According to the latest Office Depot Small Business Index, 66 percent of SMBs find it difficult, at least sometimes, to take time off from work during the summer. More than half of those who do take time off stay connected by working on their laptops and checking email on their phones.

Office Depot, Inc., together with its auxiliaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores. Its North American Business Solutions division sells branded office supplies, technology products, cleaning and breakroom supplies, office furniture, and other solutions, in addition to copy and print services to small, medium, and large-sized businesses through a sales force, catalogs, telesales, and Internet sites.

Enterprise Products Partners L.P.(NYSE:EPD)’s shares dropped -2.04% to $28.33.

Enterprise Products Partners L.P. (EPD) declared it has closed on the sale of its offshore Gulf of Mexico pipelines and services business to Genesis Energy L.P. (“Genesis”) for about $1.5 billion in cash.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services comprise: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil and refined products transportation, storage and terminals; petrochemical transportation and services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets comprise about 49,000 miles of onshore pipelines; 225 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

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.

At the end of Friday’s trade, Franklin Resources, Inc. (NYSE:BEN)‘s shares dipped -1.36% to $45.55.

Franklin Resources, Inc. (BEN) stated preliminary month-end assets under administration by the company’s auxiliaries of $866.5 billion at June 30, 2015, contrast to $888.4 billion at May 31, 2015, and $920.5 billion at June 30, 2014.

Franklin Resources, Inc. a publicly owned asset administration holding company. Through its auxiliaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its auxiliaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California.

Ingram Micro Inc. (NYSE:IM), ended its Friday’s trading session with 11.14% gain, and closed at $27.23.

In recognition of the increasingly important role women play in the IT industry, Ingram Micro Inc. (NYSE: IM) honored four partners with awards at the inaugural Ingram Micro Women of Technology event July 28 at the Mansion on Delaware in Buffalo, N.Y. The awards stem from peer nominations and recognize women who lead by example. The winners are as follows:

  • The Empowering Women Through Mentorshipaward was presented to Patricia Gonzalez, Director of Sales and Marketing, Centre Technologies, for her work as a humble leader who provides clear, enthusiastic support for her team’s personal and professional growth.
  • The Embracing Diversity award was presented to Catherine Carter, CFO, eGroup, for her vocal support of LGBT rights at eGroup, and her efforts to ensure that workplace remains comfortable, with aggressive or oppressive behavior discouraged and punished.
  • The Giving Back award was presented to Patricia Miller, CEO, SpaceBound, in honor of her efforts to turn philanthropy into an opportunity rather than a chore at SpaceBoard, and for her work with foster children who have aged out of the system and as part of t

Ingram Micro Inc. distributes information technology (IT) products; and provides supply chain and mobile device lifecycle services worldwide. The company offers printers, scanners, displays, projectors, monitors, panels, mass storage, and tape products; digital signage products; digital cameras and video disc players, game consoles, televisions, audio, small appliances, media administration, and home control products; barcode/card printers, AIDC scanners and software, and wireless infrastructure products; Internet protocol video surveillance, security and fire alarm systems, and access control smart cards; processors, motherboards, hard drives, and memory products; and ink and toner supplies, paper, carrying cases, and anti-glare screens.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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