On Friday, Adobe Systems Incorporated (NASDAQ:ADBE)’s shares inclined 1.17% to $81.25.
Adobe (ADBE) declared a number of organizational changes to its executive team.
Senior Vice President David Wadhwani has decided to leave Adobe to pursue a CEO opportunity. The company declared Bryan Lamkin will lead the Digital Media business, which comprises Creative Cloud and Adobe Document Cloud. Lamkin, who presently leads the Document Cloud business in addition to Corporate Development and Technology, played a leading role in the success of both Photoshop and Creative Suite. Under Lamkin’s leadership, the company will further align Creative Cloud and Document Cloud product development and go-to-market efforts.
Abhay Parasnis, who joined Adobe in July as CTO and SVP of Cloud Technology, will also expand his current role. Parasnis’ charter is to drive the overall technology strategy, architecture, and innovation and integration roadmap for Adobe’s cloud services. He will now assume responsibility for Adobe’s Security and Research teams. Parasnis has 20 years of experience leading major cloud and platform initiatives at a number of enterprise companies.
Adobe Systems Incorporated is a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content.
Occidental Petroleum Corporation (NYSE:OXY)’s shares dropped -2.17% to $66.84.
Colombia’s state-run oil company Ecopetrol and U.S.-based Occidental Petroleum Co will invest up to $2 billion over 10 years to enhance production at the La Cira-Infantas oil field, in a bid to reach output of 50,000 barrels per day, Ecopetrol said on Wednesday.
Ecopetrol and Occidental, also known as Oxy, have jointly operated the field, located in a central area of the Andean country, since 2005.
The new investment will enhance output from La Cira by more than 200 million barrels over the next decade, Ecopetrol said in a statement. Production has already raised from 5,000 bpd to 40,000 bpd during the last 10 years.
Colombia, Latin America’s fourth-largest oil producer, recorded an average output of 966,000 barrels of crude per day in August. Ecopetrol accounts for more than half of the country’s production.
Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other.
At the end of Friday’s trade, American Express Company (NYSE:AXP)‘s shares dipped -1.41% to $75.97.
American Express (AXP) declared that international recording artists Disclosure and actor, writer and television host James Corden have been selected as the next pairing in its popular live stream music series “American Express Unstaged,” in partnership with Vevo and YouTube. Disclosure’s September 29 concert from Los Angeles Sports Arena at 9:00 PM PT will be executive produced by Corden and will be live streamed at amexunstaged.com and via the Unstaged app. The performance is set to take place just days after the release of Disclosure’s sophomore album “Caracal” with the Unstaged performance being their first full live show featuring tracks off their new album.
James Corden (“The Late Late Show,” “Into the Woods,” “One Man, Two Guvnors,” “Gavin & Stacey”) is a triple threat starring on stage, film, and television. He’s known around the world as a Tony Award®-winning performer on Broadway, a BAFTA-winning star of a UK television series, a feature film actor, and an acclaimed host, writer, and producer in several genres of television. Since Corden took over as host of the hit CBS staple “THE LATE LATE SHOW” on March 23, 2015, the show has generated numerous buzzworthy viral videos (23 of which boast more than 1 million online views), reached series highs in viewers and earned a Critics’ Choice Awards nomination. American Express enlisted Corden on the project to lend his theatrical expertise to the production and assist create an engaging experience for fans in attendance and in addition to those viewing the live performance online.
American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide.
Royal Caribbean Cruises Ltd (NYSE:RCL), ended its Friday’s trading session with -0.98% loss, and closed at $95.52.
The Board of Directors of Royal Caribbean Cruises Ltd. (RCL) declared a $0.075 enhance in the quarterly cash dividend to $0.375 per common share payable on October 6, 2015, to shareholders of record at the close of business on September 18, 2015. This move, which was approved unanimously at the board’s September 3rd meeting reflects the company’s ongoing efforts to enhance shareholder returns.
Royal Caribbean Cruises, Ltd. operates as a cruise company. The company operates cruisers under the Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisières de France, and TUI Cruises brand names. The Royal Caribbean International brand provides cruise itineraries ranging from 2 to 18 nights with options for onboard dining, entertainment, and other onboard activities to various destinations.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
