On Tuesday, Shares of Intel Corporation (NASDAQ:INTC), gained 2.15% to $28.96.
Intel Corporation and Micron Technology, Inc. recently unveiled 3D XPoint™ technology, a non-volatile memory that has the potential to revolutionize any device, application or service that benefits from fast access to large sets of data. Now in production, 3D XPoint technology is a major breakthrough in memory process technology and the first new memory category since the introduction of NAND flash in 1989.
The explosion of connected devices and digital services is generating massive amounts of new data. To make this data useful, it must be stored and analyzed very quickly, creating challenges for service providers and system builders who must balance cost, power and performance trade-offs when they design memory and storage solutions. 3D XPoint technology combines the performance, density, power, non-volatility and cost advantages of all accessible memory technologies on the market recently. The technology is up to 1,000 times faster and has up to 1,000 times greater endurance3 than NAND, and is 10 times denser than conventional memory.
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 The Dow Chemical Company (NYSE:DOW), inclined 2.24% to $46.65, during its last trading session.
The Dow Chemical Company declared that it has received a favorable private letter ruling from the U.S. Internal Revenue Service with respect to the projected transaction involving a noteworthy portion of Dow’s chlorine value chain and Olin Corporation.
“This milestone underscores our ability to achieve tax efficiency for this landmark transaction that will enhance value for both Dow and Olin shareholders and advance Dow’s portfolio transformation,” said Andrew N. Liveris, Dow’s chairman and chief executive officer. “We are happy to see this plannedally noteworthy transaction moving forward on plan.”
As formerly declared on March 27, 2015, Dow and Olin reached a definitive agreement under which Dow will separate its U.S. Gulf Coast Chlor-Alkali and Vinyl, Global Chlorinated Organics and Global Epoxy businesses, and then merge these businesses with Olin in a Reverse Morris Trust transaction. The merger will result in Dow shareholders receiving at least a majority of the shares of Olin, with existing Olin shareholders owning the remaining shares. The transaction has a tax efficient consideration of $5 billion, and a taxable equivalent value of $8 billion to Dow and Dow shareholders.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.
Finally, Newfield Exploration Co. (NYSE:NFX), ended its last trade with 2.10% gain, and closed at $31.53.
Newfield Exploration Company declared that effective July 28, 2015, Roger B. Plank, 58, former president and chief corporate officer, Apache Corporation, has been designated to Newfield’s Board of Directors. In addition, James Kent Wells, 58, former chief executive officer, Fidelity Exploration & Production Company, will be designated to Newfield’s Board of Directors effective August 1, 2015. Following these appointments, Newfield’s Board will be comprised of 10 directors, nine of whom are independent.
Plank is a partner with Indian Creek Holdings, a private investment company. He has about 35 years of experience in the oil and gas industry, retiring from his position as president and chief corporate officer of Apache Corporation in 2014 after serving 32 years with the company. His responsibilities comprised of planned planning, finance and accounting, business development, oil and gas marketing, investor relations, public and governmental affairs, corporate governance, tax and internal audit.
Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids.
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