On Tuesday, Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD), lost -0.38% to $2.61.
Advanced Micro Devices, shares have posted their biggest gains since February in the past week, fueled by speculation that the money-losing chipmaker is considering breaking itself up or spinning off units, according to Bloomberg.
That rally may fizzle on signs that a breakup isn’t in the cards. The company denied a Reuters report on Friday that it has hired advisers to explore a split, saying in a statement it has no such project in the works. Analysts also said a separation of units would be risky and ill-advised.
AMD should remain a single company so it can integrate and improve products that have lost market share to Intel Corp. and Nvidia Corp., according to analysts such as Gus Richard of Northland Capital Markets and Deepon Nag of Macquarie Research. Nag also cited potential regulatory challenges to any plan to sell assets. AMD, which unveiled new graphics chips last week, said it plans to stick to the strategy of expanding into new markets for custom-made chips. Bloomberg Reports.
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 MetLife, Inc. (NYSE:MET), inclined 0.63% to $57.70, during its last trading session, hitting its highest level.
PlanSource® Inc., a leading provider of cloud-based health exchange and benefits engagement technology, declared that it has added MetLife®, a global provider of life insurance, annuities, employee benefits and asset administration, to its distribution platform for employee benefits.
PlanSource now distributes MetLife’s portfolio of products through its highly-configurable benefits engagement system, which can be administered by employers or configured as a public or private exchange using PlanSource OneMarket. Launched in 2014, PlanSource OneMarket provides standard benefit products and services from leading insurance companies in a marketplace where employees can shop for benefits in the same consumer-friendly way they shop for other products online.
Through the PlanSource platform, consumers have access to 11 MetLife product lines, counting traditional benefits such as Basic and Supplemental Life, Dental and Vision, in addition to ancillary benefits such as Accident, Hospital Indemnity, and Critical Illness.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
Finally, Citizens Financial Group, Inc. (NYSE:CFG), ended its last trade with -0.28% loss, and closed at $28.19.
Citizens Bank, declared the appointment of Quincy Miller, President of Business Banking, as its new Massachusetts state president and the appointment of Connecticut Head of Middle Market Banking Lisa Maass as its new Connecticut state president.
As state presidents, Miller and Maass will lead Citizens’ engagement with civic, business and community leaders across their respective states.
“We are very happy to name Quincy and Lisa as our new state presidents in Massachusetts and Connecticut, respectively,” said Bruce Van Saun, Chairman and Chief Executive Officer. “Both are practiced bankers and strong leaders who will assist us continue to provide great service to Citizens customers, while growing our business in these key markets.”
Miller succeeds outgoing Massachusetts president Jerry Sargent, who will focus on leading Citizens’ Middle Market business after serving as state president for five years. The Middle Market segment spans businesses with annual revenue of $25-$500 million. His responsibilities comprise the overall leadership of state presidents across the Citizens footprint.
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. It operates through two segments, Consumer Banking and Commercial Banking.
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