On Tuesday, Shares of Facebook, Inc. (NASDAQ:FB), gained 0.19% to $80.44, after the tech giant recently said that it is creating an artificial intelligence research lab in Paris and building another data center in Iowa.
Since 2013, the company has been investing heavily in the once-niche field of artificial intelligence, The Wall Street Journal stated. Presently, Facebook Artificial Intelligence Research, or FAIR, has teams in California and New York.
Additionally, Facebook said that it will build its third data center in Altoona, Iowa. Two of its data centers, designed to store computer servers, are located in the same complex where the third one will be built, AP stated.
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 Transocean Ltd. (NYSE:RIG), inclined 3.77% to $19.28, during its last trading session, as the offshore drilling service provider rises recently together with climbing crude prices.
The Swiss company’s shares are up as industry standard Brent crude prices for July delivery climb 1.05% to $65.56 per barrel, while West Texas crude for July delivery is up 1.94% to $61.37 per barrel.
The rise in prices ahead of OPEC’s biannual meeting this week is a result of a weakening dollar.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
At the end of Tuesday’s trade, Shares of Wal-Mart Stores Inc. (NYSE:WMT), lost -0.27% to $74.53.
Wal-Mart Stores Inc. plans to raise wages for some store department managers this summer, following wage enhances for entry-level staff earlier this year, according to WSJ.
The move is part of an effort to boost U.S. sales by giving employees more of an incentive to keep departments appropriately stocked and clean. Hourly pay for department managers of areas deemed less complex—counting clothing and consumer goods such as detergent—will start at $10.90 an hour, up from $9.90. WSJ Reports.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sams Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, restaurants, apparel stores, drug stores, and convenience stores, in addition to retail Websites, such as walmart.com and samsclub.com.
Finally, American Realty Capital Properties, Inc. (NASDAQ:ARCP), ended its last trade with 1.18% surge, and closed at $8.98.
American Realty Capital Properties, declared the hiring of Lauren Goldberg as Executive Vice President, General Counsel and Secretary.
Ms. Goldberg most recently served as Executive Vice President, General Counsel and Chief Compliance Officer for global cosmetics company Revlon. In this role, she was responsible for all aspects of Revlon’s legal and regulatory affairs, served on the senior operating committee and oversaw Revlon’s corporate governance matters. Additionally, Ms. Goldberg served as Senior Vice President – Law for MacAndrews & Forbes Inc.; Assistant United States Attorney for the United States Attorney’s Office in the Southern District of New York; and as an Associate with both Stillman & Friedman, P.C. and Fried, Frank, Harris, Shriver & Jacobson LLP. Ms. Goldberg also has preceding accounting experience as an associate at Coopers & Lybrand. She received her law degree from the Columbia Law School and her undergraduate degree in accounting from the Wharton School, University of Pennsylvania.
Ms. Goldberg’s appointment, which was effective May 26, 2015, follows the decision by Richard Silfen, ARCP’s previous General Counsel, to return to private practice at his preceding law firm, Duane Morris LLP in Philadelphia.
American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties.
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