On Monday, Shares of Microsoft Corporation (NASDAQ:MSFT), lost -0.23% to $47.00. 19.77 million shares of the company were exchanged.
The stock is up 3.24% in this year through last close, and the beta ratio has a value of 0.90. The stock, as of recent close, has shown weekly upbeat performance of 0.79% which was maintained at 8.10% in 1-month period.
IBM, on Monday said it won a $700 million cloud services contract with Etihad Airways, as it continues to showcase its cloud computing strength, fighting rivals led by Amazon Web Services in addition to Microsoft’s Azure unit and Alphabet/Google Cloud Platform.
The deal, which was signed last month, will allow Abu Dhabi-based Etihad Airways to change its IT infrastructure to become more agile, while having better products for both staff and customers. In addition to the ten-year deal, IBM is developing and operating a new cloud data center in Abu Dhabi. In 2014, Etihad Airways carried 14.8 million passengers, while serving 113 destinations.
The deal will serve as a framework not only for Etihad, but its partner airlines, counting Alitalia, airberlin, Jet Airways, Air Serbia, Air Seychelles and Etihad Regional.
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.
Shares of Chevron Corporation (NYSE:CVX), declined -0.92% to $88.75, during its last trading session, as falling crude prices hurt the oil sector Monday.
Crude prices were gaining earlier in the day following the release of OPEC’s monthly bulletin, which forecast that U.S. oil output would decline in 2016 for the first time in eight years.
However, crude prices are down after data showed that OPEC’s own production rose 109,000 barrels a day in September to 31.57 billion barrels.
In the last trading session, the stock moved on low volume, trading at a volume of 7.91 M as compared to its average daily volume of 12.77 million shares.
The stock, as of recent close, has shown weekly upbeat performance of 5.61% which was maintained at 17.09% in 1-month period.
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.
At the end of Monday’s trade, Shares of Northstar Realty Finance Corp (NYSE:NRF), declined -2.04% to $12.47.
NorthStar Realty Finance Corp. (NRF) declared that, in connection with the previously announced spin-off of its European real estate business (the “Spin-Off”), its Board of Directors declared a record date of October 22, 2015 and a distribution date of October 31, 2015 for the distribution of all the outstanding common stock of NorthStar Realty Europe Corp. to the holders of NorthStar Realty common stock. Immediately following the Distribution, NorthStar Realty expects to conduct a one-for-two reverse stock split of its common stock. In the Distribution, each NorthStar Realty common stockholder will receive shares of NRE common stock on a one-for-six basis, before giving effect to the one-for-two reverse stock split.
The record date for the Distribution will be after the close of regular New York Stock Exchange trading hours on October 22, 2015 and will be accomplished and effective by 11:59 p.m., New York Time, on October 31, 2015. The reverse stock split will be effective at 12:01 a.m., New York Time, on November 1, 2015. Stockholders that would otherwise own fractional shares of NRE’s common stock following the Distribution and NorthStar Realty’s common stock following the reverse stock split will receive cash in lieu of fractional shares.
On November 2, 2015, the first trading day following the Distribution, NRE’s common stock will commence trading on the NYSE under the ticker symbol “NRE” and NorthStar Realty’s common stock will continue to trade on the NYSE under the ticker symbol “NRF,” on a reverse split-adjusted basis.
NorthStar Realty Finance Corp. is a commercial real estate company. The Company invests in multiple asset classes across commercial real estate (CRE). Its portfolio comprises of healthcare, hotel, manufactured housing communities, net lease, multifamily properties and international real estate, with a focus on Europe.
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