On Wednesday, Shares of Microsoft Corporation (NASDAQ:MSFT), gained 0.31% to $45.97.
In an email to employees Wednesday, Microsoft Corp. declared changes to its Senior Leadership Team to drive engineering alignment against the company’s core ambitions: reinvent productivity and business processes, build the intelligent cloud platform, and create more personal computing.
Changes to the Senior Leadership Team comprise the following:
Executive Vice President Terry Myerson will lead a newly formed team, Windows and Devices Group (WDG), focused on enabling more personal computing experiences powered by the Windows ecosystem. This new team combines the engineering efforts of the current Operating Systems Group and Microsoft Devices Group.
Executive Vice President Scott Guthrie will continue to lead the Cloud and Enterprise (C+E) team focused on building the intelligent cloud platform that powers any application on any device. The C+E team will also focus on building high-value infrastructure and business services that are key to managing business processes, especially in the areas of data and analytics, security and administration, and development tools. As a part of this declaration, the company will move the Dynamics development teams to the C+E team, enabling the company to accelerate ERP and CRM work and bring it into the mainstream C+E engineering and innovation efforts.
Executive Vice President Qi Lu will continue to lead the Applications and Services Group (ASG) focused on reinventing productivity services for digital work that span all devices and appeal to the people who use technology at work and in their personal lives.
As a result of the organizational moves, Stephen Elop, Kirill Tatarinov and Eric Rudder will leave Microsoft after a designated transition period. Unrelated to the engineering restructuring changes, Chief Insights Officer Mark Penn has decided to pursue another venture outside Microsoft and will be leaving the company in September.
Microsoft Corporation develops, licenses, markets, and supports software, 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 AK Steel Holding Corporation (NYSE:AKS), declined -0.62% to $4.80, during its last trading session.
On June 1, AK Steel declared plans to introduce one of the first commercially accessible Next-Generation Advanced High Strength Steels in the world. The new technology produces significantly improved formability at higher ultimate tensile strength levels, which provides automotive customers greater opportunities for lightweighting.
The $29 million project comprises modifying the current Hot Dip Galvanizing Line (HDGL) at AK Steel’s Dearborn Works, using new process technology to produce both coated and cold-rolled Next- Generation Advanced High Strength Steels on the same line. Modification of the HDGL is predictable to be accomplished by the Fall of 2016, with new products being shipped to customers by early 2017.
Analysts Review:
10 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $5.58 in AK Steel Holding Corporation (NYSE:AKS). However, the stock price could fluctuate by $ 1.62 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $9 price target with the lower price estimate is calculated at $3
Company has received rating and price target from many analysts . 1 analysts have rated the company as a strong buy. The shares has been rated as hold from 13 Wall Street Analysts. 2 analysts have suggested buy for the company.2 analyst has also rated it as a strong sell.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.
Finally, AirMedia Group Inc. (NASDAQ:AMCN), ended its last trade with -18.91% loss, and closed at $4.63.
On June 1, AirMedia Group, declared that Guangzhou Meizheng Advertising Co., Ltd. one of its merged entities in which AirMedia has 63.2% of the equity interest, has recently obtained the exclusive right to install and operate Wi-Fi systems on ordinary trains operated by Beijing Railway Bureau. As of the time of execution of the concession agreement, Beijing Railway Bureau had 89 groups of ordinary trains in operation.
Other than the aforementioned concession right, Meizheng also holds the concession rights to exclusively install and operate Wi-Fi systems on the high-speed trains operated by Beijing Railway Bureau.
AirMedia Group Inc. operates out-of-home advertising platforms primarily in the People’s Republic of China. The company operates a network of digital TV screens on planes operated by seven airlines; traditional media in airports, such as light boxes, billboards, and painted advertisements; and gas station media displays, in addition to other outdoor media displays out of the air travel advertising sector.
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