On Friday, Shares of Bank of America Corporation (NYSE:BAC), lost -0.49% to $16.36, after labor group CtW Investment Group published a letter urging shareholders to vote to force CEO Brian Moynihan to give up his chairman title.
The bank is set to hold a vote on September 22, to approve bylaw changes implemented last year that allowed Moynihan to become the chairman.
The bank had formerly utilized an independent chairman with a lead director, but CtW believes that Bank of America made a mistake by allowing Moynihan to take over the position.
Bank of America Corporation is a bank holding company. The company, through its auxiliaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Administration; Global Banking; Global Markets; and Other segments.
Oil prices fell in Asian trading today, coming under pressure as dealers took profits from huge gains in the previous session and tried to gauge the outlook for the US economy and its taste for crude.
US benchmark West Texas Intermediate for October delivery eased 79 cents to $44.43 while Brent crude for October fell $1.00 to $49.05.
WTI had jumped $2.66 (6.3%) on Friday, capping its strongest weekly improvement in four and a half years, while Brent surged $2.49 (5.2%) after prices plunged on concerns about China’s faltering economy.
Among oil stocks, Shares of Oasis Petroleum Inc. (NYSE:OAS), inclined 5.49% to $9.99, during its last trading session.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. The company’s principal projects are located in West Williston and East Nesson.
Finally, Violin Memory, Inc. (NYSE:VMEM), ended its last trade with -24.28% loss, and closed at $1.84, hitting its lowest level.
Violin Memory declared its Flash Storage Platform™ (FSP) solutions have been selected by five prominent customers, all listed on the Fortune Global 500, an annual ranking of the top 500 companies worldwide as measured by revenue. During the last two quarters since its introduction, FSP adoption has gained momentum with nine of the growing customer base being ranked on the Fortune Global 500 or Fortune 1000 lists.
With complex requirements and increasing demands for high levels of performance, resilience, support, and economic return, these newest Fortune Global 500 customers have deployed Violin’s Flash Storage Platform in their data center environments to greatly reduce the complexity and cost of managing data center workloads. Below are three examples of these deployments.
- A global leader in manufacturing chose the Violin 7300 FSP to deploy comprehensive business software applications in their enterprise to manage high volume data transactions. Leveraging the performance and functionality of the FSP 7300, the customer is taking advantage of the fully-featured FSP counting snapshot and asynchronous replication for disaster recovery.
- A leading worldwide networking provider selected Violin’s 7700 FSP to improve the efficiency of their operations by creating a virtual build environment that would reduce the time to market for new products and reduce costs. To protect their valuable data, the customer created a nested business continuance approach that comprised stretch clusters for local protection, and asynchronous replication for protecting data for sites 1,000 miles apart.
- A multi-national corporation with diversified products and services that comprise information technology and communications equipment and systems, electronic components, and more, has implemented the full Concerto OS 7 suite of software on the Violin 7300 FSP to support their operations.
Violin Memory, Inc. develops and supplies memory-based storage systems to bring storage performance in line with high-speed applications, servers, and networks worldwide. The company provides flash storage platforms and all flash arrays that integrate enterprise-class hardware and software technologies to address the limitations of hard disk drive-based and solid state drive-based storage solutions that use off-the-shelf components.
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 with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
