On Thursday, Microsoft Corporation (NASDAQ:MSFT)’s shares declined -0.11% to $44.25.
Microsoft Corp. declared on Wednesday a new commitment of $70 million in community investments over the next three years to enhance access to computer science education for all youth, and especially for those from under-represented backgrounds. Through the company’s global YouthSpark initiative, scores of nonprofit organizations around the world will receive cash donations and other resources to provide computer science education to diverse populations of young people in their communities and prepare them with the computational-thinking and problem-solving skills necessary for success in an increasingly digital world.
Over the next three years, Microsoft will deliver on this commitment through cash grants and nonprofit partnerships in addition to unique program and content offerings to enhance access to computer science education and build computational thinking skills for diverse populations of youth. One of the flagship programs is Technology Education and Literacy in Schools (TEALS), which pairs tech professionals from across the industry with classroom educators to team-teach computer science in U.S. high schools. TEALS aims to grow fivefold in the next three years, with the aim of working with 2,000 tech industry volunteers to reach 30,000 students in nearly 700 schools across 33 states. A key objective of TEALS is to support classroom educators as they learn the computer science coursework, preparing them to teach computer science independently after two years of team-teaching.
Microsoft Corporation, a technology company, develops, licenses, and supports software products, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system. Its Computing and Gaming Hardware segment provides Xbox gaming and entertainment consoles and accessories, second-party and third-party video games, and Xbox Live subscriptions; surface devices and accessories; and Microsoft PC accessories.
Kinross Gold Corporation (USA) (NYSE:KGC)’s shares gained 4.97% to $1.69.
Kinross Gold Corporation (KGC) declared that it has updated its 2015 full-year guidance for all-in sustaining cost, cost of sales, capital expenditures, production and overhead.
The positive adjustments are:
- All-in sustaining cost per gold equivalent ounce (Au eq. oz.) sold guidance loweredto $975-$1,025 from $1,000-$1,100.
- Cost of sales per Au eq. oz. guidance range loweredto $690-$730 from the previous guidance range of $720-$780.
- Capital expenditure guidance loweredto $650 million from $725 million.
- Production guidance range narrowed upwardto 2.5-2.6 million Au eq. oz. from the previous guidance range of 2.4-2.6 million Au eq. oz.
- Overhead (general and administrative, and business development expenses) predictable to be belowguidance of $205 million. Kinross is also exploring additional opportunities to reduce overhead costs as part of a company-wide spending review, the results of which will be declared in the third quarter of 2015.
Kinross Gold Corporation, together with its auxiliaries, engages in the acquisition, exploration, and development of gold bearing properties. It is involved in mining and processing gold and silver ores.
At the end of Thursday’s trade, Intuit Inc. (NASDAQ:INTU)‘s shares dipped -4.14% to $85.77.
Intuit Inc. (INTU) is partnering with OnDeck ® (ONDK), a leading platform for small business loans, to launch the new QuickBooks Financing Line of Credit to provide faster access to lower-rate small business loans. This first-of-its-kind financing solution enables small businesses to use their QuickBooks Online data to apply for loan offers with the click of a button. Intuit and OnDeck will launch a new $100 million small business lending fund to back the new product.
The new QuickBooks Financing Line of Credit product will be powered by Intuit’s customer data and leverage OnDeck’s industry leading technology. It is designed to offer a better financing experience for established small businesses with strong credit. Product highlights comprise:
- Lower Rates – Annual interest rates will range from 8.9% to 19.9%.
- Faster Funding – Loans will be funded as fast as one business day, dramatically shortening a process that traditionally takes weeks with a bank.
- Painless Application – Small business owners can complete the loan application with a few clicks thanks to the seamless integration between QuickBooks and OnDeck.
- Flexible Structure –The Line of Credit product will assist small businesses manage their working capital needs and provide peace of mind that they have dedicated financing in place.
Intuit Inc. provides business and financial administration solutions for small businesses, consumers, and accounting professionals primarily in the United States, Canada, the United Kingdom, Australia, India, and Singapore.
E*TRADE Financial Corp (NASDAQ:ETFC), ended its Thursday’s trading session with -2.77% loss, and closed at $26.98.
E*TRADE Financial Corporation (ETFC) released its Monthly Activity Report for August 2015.
Daily Average Revenue Trades (“DARTs”) for August were 179,908, including a record trading day for the Company on August 24 with over 394,000 trades. August DARTs represented a 21 percent increase from July and a 23 percent increase from the year-ago period. The Company added 37,750 gross new brokerage accounts in August, and ended the month with approximately 3.2 million brokerage accounts — an increase of 14,038 from July.
Net new brokerage assets were $1.4 billion in the month. During the month, customer security holdings decreased by six percent, or $11.9 billion, and brokerage-related cash decreased by $0.3 billion to $40.9 billion. Bank-related cash and deposits decreased by $0.1 billion, ending the month at $5.4 billion. Customers were net buyers of approximately $1.3 billion in securities during the month.
E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Administration.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
