On Friday, Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD), gained 2.38% to $2.58.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is considering whether to split its business into two separate entities in a bid to plug its declining fortunes, giving the company a better chance to compete with rival Intel Corporation (NASDAQ:INTC), Reuters reports, citing three people close to the matter.
According to the sources, the decision to split the company is at a consideration stage. The sources also divulged that AMD sought the services of a consulting firm to review various options and draw up a concrete analysis as to how the split could affect AMD’s revenue and future as a whole, according to Bidness ETC.
One option under review is to split the company’s graphics and licensing business from server business. Its server business sells processors, which power companies’ data centers. The company has been mulling over various options to revive itself. Lisa Su, who took over as the company’s CEO in October 2014, is determined to turn around the firm. Bidness ETC Reports.
According to the sources, Ms. Su believes there is indeed firm grounds for AMD to consider the option of splitting; however, the sources expressed uncertainty about the split, as the company had pondered over such a move in the past as well, but later given up on it. Bidness ETC added.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company’s products primarily comprise x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and semi-custom System-on-Chip (SoC) products.
Shares of SeaDrill Limited (NYSE:SDRL), declined -1.93% to $10.66, during its last trading session, as Crude oil fell about 2 percent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market.
Brent crude LCOc1 fell $1.24, or 1.9 percent, to settle down for the first time since Monday at $63.02 a barrel, according to Reuters.
U.S. crude CLc1 slipped 84 cents, or 1.4 percent, to $59.61.
For the week, Brent fell 1.3 percent, and U.S. crude half a percent. Reuters Reports.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments.
Finally, JetBlue Airways Corporation (NASDAQ:JBLU), ended its last trade with 1.35% gain, and closed at $20.23.
Avis Budget Group, Inc. (CAR) declared that it has signed a multi-year preferred partnership agreement with JetBlue Airways Corporation. The new agreement significantly expands the existing marketing affiliation between the two companies, under which Avis Budget Group has served as a partner within JetBlue’s TrueBlue loyalty rewards program.
Under the new agreement, Avis Budget Group will promote its Avis Car Rental, Budget Car Rental and Payless Car Rental brands, products and services in addition to money-saving offers directly to JetBlue customers and TrueBlue members. TrueBlue members and those with Mosaic status will have the opportunity to earn TrueBlue points when renting from Avis, Budget and Payless. The three rental brands will also be featured on JetBlue’s online booking channel located at www.jetblue.com so that travelers can conveniently make car rental reservations when purchasing airline tickets.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
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