On Wednesday, Shares of International Business Machines Corp. (NYSE:IBM), gain 0.24% to $140.98.
International Business Machines Corp., in partnership with NVIDIA and Mellanox, and the Science and Technology Facilities Council (STFC) Hartree Centre recently declared plans for the UK’s first POWER Acceleration and Design Center (PADC) designed to assist UK businesses exploit high performance computing on OpenPOWER systems for Modelling & Simulation and Big Data Analytics.
The new facility marks a running start to the Government’s recently declared investment and expansion of the Hartree Centre at Daresbury, which is designed to boost Modelling & Simulation, Big Data Analytics and Cognitive Computing research in the UK in order to deliver economic growth on a national scale.
Increasing application performance while minimizing energy consumption are challenges businesses face in exploiting conventional high performance computing technologies and the resulting race towards exascale computing. Optimizing existing applications on POWER-based systems can offer businesses noteworthycompetitive advantages.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support.
Shares of Banco Bradesco SA (ADR) (NYSE:BBD), declined -1.47% to $5.36, during its last trading session.
Banco Bradesc, has dropped -66.33% from its peak and trades at just 5.50 times forward earnings projections. The 52-week range is $5.00 - 15.92. Down -60.54% over 12 months, the company has a market cap of $28.95B; its shares recently traded at around $5.36. The P/E ratio is 5.41.
Banco Bradesco S.A. (the Bank) is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, companies and local and international corporations and institutions. Its products and services comprise banking operations, such as loans and advances and deposit-taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset administration and brokerage services.
Finally, Shares of Staples, Inc. (NASDAQ:SPLS), ended its last trade with 0.72% gain, and closed at $12.58.
Staples, declared that the company’s Board of Directors has adopted a policy that limits severance benefits for senior executives. Based on the terms of the new policy, the company will not pay any severance benefits under any existing or future employment agreement or severance agreement with an executive officer that exceeds 2.99 times the sum of the executive’s base salary plus target annual cash incentive award, without seeking shareholder approval. In addition, Ron Sargent, Chairman and Chief Executive Officer, has elected to amend his severance agreement to align with the terms of the new policy.
“Our Board is committed to responding to shareholder feedback and ensuring that the company’s executive compensation program aligns with best practices,” said Paul Walsh, Chair of the Compensation Committee. “This new policy is in the best interests of Staples’ shareholders.”
At the company’s Meeting of Shareholders in June 2015, a shareholder proposal regarding future senior executive severance agreements received support from a majority of votes cast. The Board carefully considered the results of the vote, in addition to various perspectives conveyed directly by shareholders as part of ongoing engagement. As a result, the Board adopted a policy that is applicable to existing and future agreements.
Staples, Inc., together with its auxiliaries, operates office products superstores. It operates through three segments: North American Stores & Online, North American Commercial, and International Operations.
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