On Monday, Shares of Intel Corporation (NASDAQ:INTC), lost -1.17% to $26.25, hitting its lowest level.
Intel Corporation declared the appointment of Richard Steranka to lead worldwide channels at Intel Security, heightening the company’s commitment to bring proactive, connected security to its partners and their mutual customers. Steranka will report directly to Scott Lovett, senior vice president of Global Sales, Intel Security, and lead the global team responsible for Intel Security’s ecosystem of distributors, value-added resellers, managed service providers, alliances and embedded OEMs.
With more than 25 years of experience in planned sales and channel leadership roles, Steranka is known as a versatile business leader, demonstrating a forward-thinking outlook and inspiring teams to think bigger. He joins Intel Security from Avaya where he successfully transformed the Avaya Connect Partner program from a volume-based to a value-based incentive structure. Most recently, he led Avaya’s go-to-market strategy driving growth through planned relationships with value added resellers, distributors and partners.
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 ConocoPhillips (NYSE:COP), declined -5.42% to $42.93, during its last trading session, hitting its lowest level, as Oil’s weeks-long slump accelerated sharply on Monday with prices tumbling as much as 6 percent to fresh 6-1/2-year lows as a renewed dive in the Chinese equities market sent global financial markets into a tailspin, according to Reuters.
Oil’s biggest one-day drop in nearly two months suggested that worst-case fears over the economic outlook in China, the world’s second-largest oil consumer, have eclipsed immediate signs of persistent oversupply as the main motivator. Reuters Reports
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. Its portfolio comprises shale and oil sands assets; lower-risk legacy assets in North America, Europe, Asia, and Australia; various international developments; and exploration prospects.
Finally, Baidu, Inc. (NASDAQ:BIDU), ended its last trade with -7.74% loss, and closed at $141.08, hitting its lowest level, as China-based U.S. traded stocks fall on fresh signs of the country’s economic troubles.
Uncertainty over China’s economy sparked a global selloff on Monday and the Dow Jones Industrial Average briefly dropped by more than 1,000 points before recovering, The Wall Street Journal reports.
Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.
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