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Friday 28 August 2015
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Market Movers: Intel Corporation (NASDAQ:INTC), Exelon Corporation (NYSE:EXC), Visa Inc. (NYSE:V)

On Friday, Shares of Intel Corporation (NASDAQ:INTC), lost -3.52% to $26.56, hitting its lowest level.

Intel Corp. is stepping up its support for free software designed to assist companies achieve the kinds of benefits offered by cloud services from Amazon Inc., Google Inc. or Microsoft Corp., according to WSJ.

The big chipmaker on Monday plans to declare its lead role in a $100 million infusion into Mirantis Inc., which sells a subscription version of the open-source software OpenStack. Intel, whose venture-capital arm first invested in Mirantis in 2013, is contributing, together with other investors, to a $75 million funding round. The company also is committing additional money to finance future technology development by the Silicon Valley startup. WSJ Reports

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 Visa Inc. (NYSE:V), declined -3.73% to $71.19, during its last trading session.

The firm has lost 4.08% during the past week and dropped 4.83% in the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 1.79% and the outperformance enhances to 0.43% for the last 4 weeks.

QIWI plc (QIWI) (QIWI.ME) and Visa Inc. (NYSE:V) declared implementation of a new stage of their planned partnership, which has resulted in integration of Visa payWave’s contactless technology into Visa QIWI Wallet. Now e-wallet customers can pay using their NFC-enabled mobile devices operating on Android 4.4 or higher in stores, cafes, cinemas, and hundreds of thousands of other points of sale equipped with contactless terminals worldwide.

This joint solution brought by Visa and QIWI offers millions of Visa QIWI Wallet users new payment options and makes contactless payments accessible and convenient for virtually every user who installs the corresponding application on his/her smartphone. Visa QIWI Wallet account can be topped up in any of more than 100,000 QIWI kiosks throughout Russia, by linking a bankcard, or from a mobile phone account. The contactless Visa payWave solution is preinstalled in the new version of the e-wallet. Those who have already installed the Visa QIWI Wallet application need only to download the latest update.

By combining their expertise, QIWI and Visa have ensured that the new service has a modern and technologically advanced security system. The effective algorithms used to verify the transactions are designed to protect users against fraud. The offered security complies with international standards, which have proved their practical reliability in different countries around the world.

Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.

Finally, Exelon Corporation (NYSE:EXC), ended its last trade with -2.37% loss, and closed at $33.

Baltimore-based Constellation is a partner of Exelon Corporation (EXC), the nation’s leading competitive energy provider, with 2014 revenues of about $27.4 billion, and more than 32,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets.

Employees from Constellation joined the Baltimore City Recreation and Parks department and officers from the Western Police District recently in West Baltimore’s Sandtown neighborhood to revitalize the Lillian B. Jones Recreation Center and surrounding area. The group painted, installed shelving, removed vines from trees, cleaned up trash, and assembled items from the center’s wish list that were donated by Constellation, counting basketball hoops and table games.

The group also repainted the pergola entryways and cut vines from trees at the Pauline Fauntleroy Park, and repainted the fence at the William Mcabee pool. Preceding to the event, Constellation also conducted an employee drive for school supplies and made a monetary donation to the center for new office equipment.

Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities.

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