On Wednesday, Shares of Intel Corporation (NASDAQ:INTC), gain 0.24% to $28.74.
Verizon and Intel declared that the companies are working together to accelerate the development of the next-generation wireless technology, commonly known as 5G. Verizon has long been committed to leading the way in network innovation and reliability, a aim that echoes Intel’s commitment to enabling cutting-edge network technology.
Intel will start working in Verizon’s 5G sandbox environments in Verizon’s San Francisco and Waltham, MA Innovation Centers. Intel is also developing its own 5G test beds in Oregon, California and other locations, and is ongoing its work on mobile broadband and IoT 5G devices, mm-wave dual connectivity technology, virtualized radio access network (RAN) elements supporting massive multiple-input and multiple-output (MIMO), ultra-low latency response, high frequency small cells, and mobile edge computing.
Software Defined Networks, network virtualization foundation of Verizon’s 5G future
As Verizon and Intel collaborate on 5G, the companies are also partnering on broader network transformation initiatives that will assist Verizon optimize its current industry-leading network and enable next-generation network architecture.
Intel is also working with Verizon on SDN Network Evolution to achieve business and technical benefits of a network built with virtualization and cloud computing.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, employs a diverse workforce of 178,500 and generated more than $127 billion in 2014 revenues. Verizon Wireless operates America’s most reliable wireless network, with 109.5 million retail connections nationwide.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things.
Shares of Marathon Oil Corporation (NYSE:MRO), declined -2.30% to $15.30, during its last trading session.
Marathon Oil Corporation declared recently that Gaurdie E. Banister, Jr., has been elected to the Company’s board of directors, effective Oct. 1, 2015.
Banister, 57, recently stepped down after serving eight years as president and CEO of Aera Energy LLC, an oil and gas exploration and production company jointly owned by Shell Oil Company and ExxonMobil, headquartered in California. Banister has 35 years of oil and gas experience, and before Aera served in executive level positions at Shell counting technical vice president Upstream Asia Pacific and technical vice president Upstream Americas.
Banister joined Shell Oil in 1980 as an offshore facilities engineer in New Orleans, and throughout his career served in various production administration assignments based in Louisiana, California, Texas and Asia. He became president USA and executive vice president of Shell Services EP Gas and Power in 1998. From 2001 to 2003 Banister served as vice president of Business Development and Technology. In 2003 he was named technical vice president, Upstream Americas and championed innovative capital cost approaches to major projects. From 2005 until 2007 Banister was technical vice president, Upstream Asia Pacific. In this role he oversaw drilling and development activities in Southeast Asia, Australia and New Zealand, and established milestones and processes to safely execute major projects both onshore and offshore.
Marathon Oil Corporation is an energy company based in Houston, Texas, with operations in North America, Europe and Africa. The Company operates in three segments: North America E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas in North America; International E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America and produces and markets products manufactured from natural gas, such as LNG and methanol, in Egypt and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil.
Shares of Peabody Energy Corporation (NYSE:BTU), declined -5.88% to $1.12, during its last trading session.
Peabody Energy Corporation declared a 1-for-15 reverse stock split on shares of the company’s common stock. Authorization to implement the reverse stock split was approved by Peabody shareholders at a special meeting.
The reverse stock split is predictable to become effective at the close of business on
Sept. 30, 2015 (the “effective time”), which would result in Peabody’s common stock to start trading on a split-adjusted basis at market open on Oct. 1, 2015. Upon completion of the reverse stock split, every 15 shares of common stock owned by a shareholder will be combined into one share of common stock, and the number of outstanding shares will be reduced from about 278 million to about 19 million.
Peabody will not issue fractional shares in connection with the reverse stock split. Shareholders who would otherwise hold fractional shares following the reverse stock split will receive cash (without interest and subject to applicable withholding taxes) in lieu of such fractional shares. The sum will be based on the net proceeds, after customary brokerage commissions and other expenses, resulting from the transfer agent aggregating and selling all fractional share interests into the market. Such proceeds will be paid on a pro rata basis, depending on the fractional amount of shares owned.
After the effective time, holders of certificated shares and registered book-entry holders of common stock will be sent a transmittal letter from Peabody’s transfer agent, American Stock Transfer and Trust Company (AST), regarding their stock ownership. All questions regarding ownership should be directed to AST at (800) 937-5449. Beneficial holders of Peabody’s common stock are encouraged to contact their bank, broker, custodian or other nominee with questions regarding procedures for processing the reverse stock split.
Peabody Energy Corporation is a coal company. The Company has five segments: Western United States Mining, Midwestern United States Mining, Australian Mining, Trading and Brokerage, and Corporate and other. Western United States Mining and Midwestern United States segments are engaged in the mining, preparation and sale of thermal coal, which is typically supplied to United States electricity generators and industrial customers for power generation, with a portion sold into seaborne export markets.
Finally, Reynolds American, Inc. (NYSE:RAI), ended its last trade with 0.94% gain, and closed at $42.94.
R.J. Reynolds Tobacco Company has issued the following release: “R.J. Reynolds Tobacco Company signs vapor technology term sheet with British American Tobacco.”
Reynolds American has received a buy rating for the short term, according to the latest rank of 2 from research firm, Zacks. The shares could manage an average rating of 1.71 from 7 analysts. 4 market experts have marked it as a strong buy. 1 analysts recommended buying the shares. 2 analysts have rated the company at hold.
Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco, American Snuff and Santa Fe. The RJR Tobacco segment comprises principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment comprises of the primary operations of American Snuff Co. The Santa Fe segment comprises of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC).
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