On Wednesday, Progressive Corp (NYSE:PGR)’s shares inclined 3.36% to $29.51.
Despite rising salaries and the dearth of tech talent, millennials in the IT and tech industries are not just in it for the money. According to a recent survey from Progressive® Insurance, 81 percent of millennials interested in a new job in IT would accept a less attractive compensation package to do work they were more passionate about.
The survey also revealed that 82 percent of millennials interested in IT are willing to relocate for a job they’re interested in, and on average, they would be willing to move more than 600 miles.
In fact, nearly 1 in 5 would consider applying for a different job a month or less after starting a new job, with a total of 59 percent considering applying elsewhere within six months. On average, respondents said they visit online job boards or company career pages six times per week and receive an average of six messages from recruiters.
The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company’s property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its Personal Lines segment writes insurance for personal autos and recreational and other vehicles.
Time Warner Inc (NYSE:TWX)’s shares gained 2.80% to $71.64.
Time Warner Inc. (TWX) Executive Vice President and Chief Financial Officer Howard Averill recently declared that Priya Dogra has been named Senior Vice President, Mergers and Acquisitions. In this role, Ms. Dogra will oversee Time Warner’s global mergers and acquisitions efforts to progress the Company’s long-term corporate strategies and assist define capital allocation preceding ties.
In announcing Ms. Dogra’s appointment, Mr. Averill said: “We are thrilled that Priya will now lead our M&A group. She has been instrumental in originating, evaluating and executing critically important transactions across the Company. Given her deep understanding of the industry, strong transaction execution skills and collaborative nature, we couldn’t hope for a more effective leader for this group.”
Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment owns and operates a portfolio of cable television netoperates and related properties that offer entertainment, sports, kids, and news programming on television and digital platforms for consumers. It operates about 165 channels in 200 countries.
At the end of Wednesday’s trade, Avago Technologies Ltd (NASDAQ:AVGO)‘s shares surged 7.09% to $116.20.
Avago Technologies Limited (AVGO), stated financial results for the third quarter of its fiscal year 2015, ended August 2, 2015, and offered guidance for the fourth quarter of its fiscal year 2015.
Basis of Presentation
Avago’s financial results comprise results from LSI Corporation’s (“LSI”) ongoing operations starting the third fiscal quarter of 2014, from PLX Technology Inc. starting in the fourth fiscal quarter of 2014, and from Emulex Corporation (“Emulex”) starting the third fiscal quarter of 2015, in each case from the date of their acquisition. The financial results from businesses that have been classified as suspended operations in the Company’s financial statements are not comprised of in the results presented below, unless otherwise stated.
Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments. Its product portfolio comprises RF power amplifiers, RF filters, RF front end modules, ambient light sensors, proximity sensors, low noise amplifiers, multimarket-wave mixers, diodes, fiber optic transceivers, serializer/deserializer ASICs, and optical laser and receiver components. +
Rackspace Hosting, Inc. (NYSE:RAX), ended its Wednesday’s trading session with 9.85% gain, and closed at $31.45.
Rackspace® (RAX), the #1 managed cloud company, recently declared it has expanded its digital support offerings with the early access declarement of Managed Cloud for Adobe Experience Manager (AEM). As a leading, comprehensive content administration solution for building websites, mobile apps and forms, AEM makes it easier to manage marketing content and assets. With Managed Cloud for AEM, marketing leaders and the technology teams who support them can assist reduce time for each new deployment, version upgrade, or major campaign launch in AEM - while also gaining access to specialized 24×7 support, maintenance, and monitoring of AEM environments.
The Managed Cloud for AEM offering comprises:
- AEM Specialized Managed Support:Provides Fanatical Support and guidance on best practices 24x7x365 from AEM specialists at Rackspace, which allows customers to offload administration of the AEM environment and focus more on their core business.
- Turnkey Deployment: Enables significantly faster implementation for new deployments or version upgrades. The offering can reduce the time needed to deploy a new AEM environment by cloning an existing environment or creating a new one from a set of AEM optimized, pre-defined and tested cloud architectures.
- Monitoring: Monitors the health of the environment and offers maintenance, patching and updating to assist minimize downtime and delays.
Rackspace Hosting, Inc., through its auxiliaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. The company’s service offering combines hosting on dedicated hardware and on multi-tenant pools of virtualized hardware in a way that suits each customer’s requirements. Its public cloud services refer to pooled computing resources delivered on-demand over the Internet.
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