On Tuesday, Shares of Intel Corporation (NASDAQ:INTC), lost -1.35% to $32.25.
Intel Corporation declared plans to develop integrated products with eASIC Corporation that combine processing performance and customizable hardware to meet the increasing demand for custom compute solutions for data centers and the “cloud.” The new parts will enable acceleration of up to two times that of a field programmable gate array (FPGA) for workloads like security and big data analytics while also speeding the time to market for custom application specific integrated circuit (ASIC) development by as much as 50 percent.
The tremendous growth of cloud computing has spurred greater demand for customized chips that make a particular application or workload run faster. To enable this, eASIC plans to integrate its eASIC platform technology with future Intel® Xeon® processors, providing cloud service providers a highly customized, integrated hardware solution for their particular workload.
eASIC’s technology can enhance flexibility and fast-time-to-market when contrast to traditional ASICs and enhance performance and lower power consumption when contrast to FPGAs. By integrating hardware accelerator solutions with the eASIC platform, Intel can deliver much faster and more flexible systems for cloud customers.
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 Huntington Bancshares Incorporated (NASDAQ:HBAN), inclined 0.09% to $11.10, during its last trading session.
On April 22, Huntington Bancshares stated net income for the 2015 first quarter of $166 million, or a $17 million enhance from the year-ago quarter. Earnings per common share for the 2015 first quarter were $0.19, an enhance of $0.02 from the year-ago quarter.
Huntington also declared two capital actions approved by the Board of Directors. First, the Board declared a quarterly cash dividend on the company’s common stock of $0.06 per common share. The dividend is payable July 1, 2015, to shareholders of record on June 17, 2015. Second, the Board authorized the repurchase of up to $366 million of common shares over the five quarters through the 2016 second quarter. Both actions were projected in the January 2015 CCAR capital plan, which received no objections from the Federal Reserve. Purchases of common stock may comprise open market purchases, privately negotiated transactions, and accelerated repurchase programs. During the 2015 first quarter, the company repurchased 4.9 million common shares at an average price of $10.45 per share.
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company’s Retail and Business Banking segment offers financial products and services, counting checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, insurance, interest rate risk protection, foreign exchange hedging, and treasury administration services.
At the end of Tuesday’s trade, Shares of U.S. Bancorp (NYSE:USB), gained 0.34% to $43.90.
U.S. Bancorp, declared that Andy Cecere, vice chairman and chief operating officer, and Kathy Rogers, vice chairman and chief financial officer, will present at the Barclays Americas Select Franchise Conference. The presentation starts at 8:30 a.m. U.K. time on Tuesday, May 19, 2015, in London, U.K. and will comprise information about U.S. Bancorp’s financial performance and corporate strategies.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
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