On Wednesday, Shares of Facebook, Inc. (NASDAQ:FB), gained 1.53% to $80.55.
Facebook’s Oculus VR bought an eight-month old startup developing virtual technology that allows users to mingle with the real world.
The acquisition of Surreal Vision hints at Oculus’ broader ambitions for virtual reality beyond gaming. When Facebook agreed to buy Oculus in March 2014, Chief Executive Mark Zuckerberg said Oculus would become the platform for many other experiences — such as enjoying a courtside seat at a game or consulting with a doctor face-to-face.
Terms of the deal, which Oculus declared earlier this week in a blog post, were not revealed. An Oculus spokesman declined additional comment.
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
Shares of Intel Corporation (NASDAQ:INTC), inclined 1.83% to $33.71, during its last trading session.
Jefferies Group reiterated their buy rating on shares of Intel Corporation in a research note released on Wednesday morning. They presently have a $48.00 target price on the chip maker’s stock.
Formerly, Intel CEO Brian Krzanich on the roof of Intel’s headquarters Robert Noyce Building checking out the company’s new wind microturbines. Intel is installing a total of 58 microturbines as part of a pilot wind power project. With Krzanich is Josh Beckwith, construction project manager with JLM Energy, the Rocklin California company that built and is installing the microturbines.
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.
At the end of Wednesday’s trade, Shares of Exxon Mobil Corporation (NYSE:XOM), lost -0.28% to $85.11.
Exxon Mobil Corporation, declared that its shareholders have elected Doug Oberhelman to its board of directors. Oberhelman is chairman of the board of directors and chief executive officer of Caterpillar Inc.
With the election of Oberhelman, the ExxonMobil board stands at 12 directors, 11 of whom are non-employee directors.
Oberhelman was named CEO and chairman of Caterpillar’s board in 2010. Preceding to that, he served as group president of various divisions within Caterpillar from 2002 to 2010, and was elected a Caterpillar vice president and chief financial officer in 1995.
Oberhelman earned a B.A. in finance from Millikin University.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, counting olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.
Oil and gas stocks were among the biggest decliners as the price of oil fell sharply. Benchmark U.S. oil dropped $1.69, or 2.8 percent, to close at $58.03 a barrel on the New York Mercantile Exchange. Transocean, Valero Energy and Allegheny Technologies were all down 3 percent or more.
Kinder Morgan, Inc. (NYSE:KMI), ended its last trade with -0.24% loss, and closed at $41.99.
Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments.
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