On Wednesday, Intel Corporation (NASDAQ:INTC)’s shares inclined 0.13% to $29.77.
To assist mitigate cybersecurity risks associated with connected automobiles while encouraging technological progression and innovation, Intel Corporation recently declared the establishment of the Automotive Security Review Board (ASRB). The board will encompass top security industry talent across the globe with particular areas of expertise in cyber-physical systems. The ASRB researchers will perform ongoing security tests and audits intended to codify best practices and design recommendations for advanced cybersecurity solutions and products to benefit the automobile industry and drivers. Intel also published the first version of its automotive cybersecurity best practices white paper, which the company will continue to update based on ASRB findings.
Gartner predicts that “by 2020, the number of connected passenger vehicles on the road in use will be about 150 million; 60% to 75% of them will be capable of consuming, creating and sharing Web-based data.”1 The transition to a more connected world is exciting and requires that cybersecurity be addressed.
Intel will provide the ASRB with its automotive advanced development platforms on which to conduct research. Findings will then be published publicly as part of an ongoing process. To motivate the ASRB researchers, Intel will award a new car2 to the member who provides the most noteworthy and impactful cybersecurity contribution that can be implemented on Intel’s automotive platform. All details related to the Intel development platform and areas of security audit focus will be offered at the inaugural ASRB meet-up next month. Interested security professionals wishing to request participation can find out more information at www.intel.com/automotive/asrb.
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.
Host Hotels and Resorts Inc (NYSE:HST)’s shares gained 0.81% to $17.41.
Host Hotels & Resorts, Inc. (HST) declared that it has closed on a $500 million term loan by exercising the accordion feature of its existing credit facility. The closing of this Term Loan enhances the Company’s credit facility to $2 billion, which is comprised of a $1 billion revolver and two $500 million term loans. The Term Loan has a five-year maturity and the interest rate spread depends on the Company’s unsecured debt ratings. The maturity date on the revolver and existing term loan remains unchanged. Based on the Company’s current unsecured debt rating, the Term Loan has a floating interest rate of LIBOR plus 110 basis points. At closing, the Company drew down $300 million on the Term Loan and maintains the option to draw down all or a portion of the remaining $200 million within 180 days post-closing. Proceeds from the initial $300 million draw of the Term Loan will be used to repay current amounts outstanding on the revolver. The Term Loan was arranged by Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities, LLC, and Wells Fargo Securities, LLC, as joint lead arrangers and joint book runners.
Host also declared that its board of directors authorized a regular quarterly cash dividend of $0.20 per share on the Company’s common stock. The dividend is payable on October 15, 2015, to stockholders of record on September 30, 2015.
Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. It also invests in Canada, Mexico, Chile, the United Kingdom, Italy, Spain, and Poland. The firm primarily invests in luxury and upper upscale hotels.
At the end of Wednesday’s trade, Hertz Global Holdings Inc (NYSE:HTZ)‘s shares surged 2.13% to $19.20.
Hertz Global Holdings Inc. sold a $100 million stake in CAR Inc., sending shares of the Chinese car-rental company that it invested in April 2013 lower, according to the Bloomberg.
CAR’s shares slumped as much as 7.3 percent in Hong Kong and traded at HK$12.88 at 10:08 a.m. Hertz had agreed to place 59.57 million shares to an unrevealed third party at HK$13.01 per share, representing a 5.6 percent discount to the closing price on Wednesday. Hertz still owns about 13.6 percent of the company after the sale.
Bloomberg stated Hertz bought a 19 percent stake in CAR in 2013 with the aim of driving greater outbound business from China as the Hertz brand becomes more established in the country. CAR, based in Beijing, held its initial share sale in Hong Kong in September 2014.
Representatives for Hertz didn’t right away reply to an e-mail sent outside regular business hours seeking comment on the reason for the sale. Bloomberg added.
Hertz Global Holdings, Inc., through its auxiliaries, rents and leases cars and trucks in the United States and internationally. It operates in four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental, and All Other Operations.
Advanced Micro Devices, Inc. (NASDAQ:AMD), ended its Wednesday’s trading session with 1.61% gain, and closed at $1.89.
AMD (AMD) declared a new agreement with Mentor Graphics Corporation (NASDAQ: MENT) to now provide customers access to Mentor Embedded Sourcery™ CodeBench Lite for AMD Embedded ARM® solutions alongside AMD x86 Embedded solutions. The agreement strengthens AMD’s technology partnership with Mentor Graphics, a leading maker of embedded software and open source tools, and creates a comprising development ecosystem across processor architectures.
In 2014, AMD and Mentor Graphics agreed to create an embedded software ecosystem for developers. The Mentor Embedded Sourcery CodeBench product goes beyond just the compiler to provide developers with powerful open source, embedded C/C++ development tools to build, debug, analyze and optimize embedded software. These tools enable developers to build software in complex heterogeneous architectures based on forthcoming AMD 64-bit ARM processors counting the forthcoming AMD system-on-chip (SOC), in addition to x86 processors counting the AMD Embedded G-Series SOC and the 2nd Generation AMD Embedded R-Series APU.
Advanced Micro Devices, Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles.
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