On Wednesday, Shares of Intel Corporation (NASDAQ:INTC), gained 5.53% to $27.30.
Intel Corporation, in a new effort to sidestep the declining PC market, said its venture capital arm invested more than $60 million in a Hong Kong company that sells consumer drones. As WSJ’s Don Clark reports:
“The big chipmaker and Yuneec Holding Ltd. plan to collaborate on product development, and Intel chips may be incorporated into future Yuneec drones.
Intel’s move is the latest sign that Brian Krzanich, who became chief executive in May 2013, is determined to take the chipmaker beyond components for computers. Mr. Krzanich has displayed drones, robots and other new-wave gadgets during some high-profile speeches, counting an Intel event in San Francisco last week.
Drones, unlike earlier remote-control planes, can be programmed for autonomous actions such as hovering in a fixed position or flying home. Intel has been working on enhancing their abilities with special cameras designed to assist them avoid objects without human assistance.”
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments.
Shares of McDonald’s Corp. (NYSE:MCD), inclined 4.32% to $95.15, during its last trading session.
McDonald’s Corp. gave a cool reaction to Burger King’s proposal to sell a hybrid “McWhopper” sandwich for charity, suggesting the two companies should aim higher in an attempt to “make a difference.”
Burger King made the proposal on Wednesday in an open letter to its long-time rival, calling it a cease-fire treaty. The idea was to create a combination of each company’s signature burger — Big Mac and Whopper — and sell it at a pop-up restaurant in Atlanta for one day. The proceeds from the McWhopper diplomacy would go to a charity that promotes world peace. Burger King said it was an attempt to set aside the burger wars for one day, for a good cause, according to Bloomberg.
McDonald’s Chief Executive Officer Steve Easterbrook did not take the bait. In a post on Facebook, he said his company would “be in touch” about Burger King’s plan. However, he indicated that the nation’s two largest hamburger chains could do better than a hybrid sandwich. Bloomberg Reports
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company’s restaurants offer various food products, soft drinks, coffee, and other beverages.
Finally, Marathon Petroleum Corporation (NYSE:MPC), ended its last trade with 4% gain, and closed at $45.52.
Brokerage firm JP Morgan Upgrades its rating on Marathon Petroleum, (MPC). In a research note issued to the investors, the brokerage major maintains a price-target of $61.00 per share. The shares have been rated Overweight. Formerly, the analysts had a Neutral rating on the company shares. The rating by JP Morgan was issued on Aug 26, 2015.
Marathon Petroleum Corporation, together with its auxiliaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Pipeline Transportation.
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