On Tuesday, Shares of Intel Corporation (NASDAQ:INTC), lost -0.16% to $31.25.
Intel Capital, Intel Corporation’s global investment organization, recently declared the Intel Capital Diversity Fund, which will invest in technology startups run by women and underrepresented minorities. Also unveiled were the fund’s first investments in four companies led by inspiring trailblazers. The largest of its kind, the fund totals about $125 million, and investments will cover a broad spectrum of innovative industries.
“We believe that a diverse and inclusive workplace is fundamental to delivering business results,” said Intel CEO Brian Krzanich. “Our aim with this new fund is to meaningfully support a technology startup workforce more reflective of society, and ultimately to benefit Intel and the broader economy through its success.”
“We are proud to take a leading role toward broader participation in technology entrepreneurship and employment,” said Lisa M. Lambert, managing director and vice president of Intel Capital, who is leading the Intel Capital Diversity Fund. “With this new fund, Intel Capital is committed to investing in the best talent from a myriad of backgrounds to cultivate brilliant innovations that serve the needs of a diverse public.”
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 Xerox Corporation (NYSE:XRX), declined -0.18% to $11.03, during its last trading session, hitting its lowest level.
Xerox Corporation, declared the appointment of Rohit Philip as corporate treasurer. Philip will join the company effective June 22, reporting directly to Kathy Mikells, chief financial officer. He succeeds Rhonda Seegal, who will leave Xerox at the end of the year to pursue other interests.
Philip comes to Xerox from Anand Automotive Limited, a leading auto component supplier in India, where he served as president and group chief financial officer during the last two years. Preceding to Anand, Philip spent 17 years at United Continental Holdings, Inc. (UAL) in a variety of roles responsible for corporate strategy, mergers and acquisitions, treasury and enterprise risk administration.
“We thank Rhonda who served as Xerox treasurer for 12 years, working to improve our liquidity and ensure continued access to capital,” said Mikells. “We welcome Rohit to the Xerox leadership team. As we expand our services business around the world, his noteworthytreasury, business development and strategy background in addition to his experience managing bank and board of director relationships will serve us well.”
Philip will oversee the capital structure of the corporation, counting developing worldwide funding strategies and serving as the primary interface to the capital markets and credit rating agencies. He also will be responsible for the company’s insurance programs, foreign exchange and pension investment and funding.
Xerox Corporation provides business process and document administration solutions worldwide. The company’s Services segment offers various business process outsourcing services, such as customer care, transaction processing, human resources, communication and marketing, and consulting and analytics services, in addition to finance, accounting, and procurement services.
Finally, Time Warner Cable Inc. (NYSE:TWC), ended its last trade with 1.53% surge, and closed at $179.07, on a report it expanded into three major cities, increasing its potential to add more customers. AT&T (T - Get Report) is potentially facing legal wrangling with CBS (CBS) as the companies’ contract nears its June 30 expiration.
Time Warner Cable Inc., together with its auxiliaries, provides video, high-speed data, and voice services in the United States. It operates in three segments: Residential Services, Business Services, and Other Operations.
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