On Thursday, Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU), lost -4.17% to $13.11, as some automakers and other vehicle related stocks continue to decline following the Volkswagen (VLKAY) emissions test cheating scandal.
Earlier this week, Wolfsburg, Germany-based Volkswagen admitted to programming its cars to detect when they are being officially tested and adjust the running of their diesel engines, Reuters reports. This would hide the vehicles’ true emissions rates.
On Wednesday, Volkswagen CEO Martin Winterkorn declared his resignation in response to the cheating scandal, saying the company needs a “fresh start.”
Fiat Chrysler Automobiles N.V., an automotive group, designs, engineers, manufactures, distributes, and sells vehicles and components. It offers passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names, in addition to after-sales services and parts under the Mopar brand name.
Shares of GoPro Inc (NASDAQ:GPRO), inclined 3.92% to $33.92, during its last trading session.
GoPro declares it is bringing immersive, spherical videos to News Feed. Startning recently, people on Facebook can experience exclusive GoPro 360-degree video directly through their web browser or Android mobile device.
In the coming weeks, GoPro will launch additional 360-degree content on Facebook where users can expect a variety of never-before-seen, immersive experiences from the vantage point of GoPro world-class athletes, top chefs and more.
“GoPro captures content and tells stories that stir emotions. We are changing the way consumers experience and share life’s most important moments,” said Zander Lurie, Senior Vice President of Entertainment. “With more than four billion videos viewed daily on Facebook, we have an opportunity to bring the excitement of 360-degree video to a vast new audience. 360-degree video represents a compelling way for GoPro to bring people into new worlds and experiences like never before.”
GoPro, Inc. produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices, which comprise HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO. The Company also provides a selection of mounts designed to enable consumers to capture content while engaged in a range of activities.
Shares of MGM Resorts International (NYSE:MGM), inclined 0.98% to $19.55, during its last trading session.
MGM Resorts International declared that it would fund vaccines needed in panda reserves at the China Conservation & Research Center for the Giant Panda (CCRCGP). The immunization program is run by Pandas International, a nonprofit organization dedicated to providing public education, research support and habitat preservation assistance for China’s giant panda.
“Pandas International is most grateful for this donation, which could not have come at a better time,” said Suzanne Braden, Director of Pandas International. “We are delighted to welcome MGM Resorts as one of our program partners, especially recognizing the company’s continued efforts to care for and protect rare species.”
Pandas International is a 15-year-old, U.S.-based organization that assists four panda centers in China by offering veterinary equipment and medical, hospital and laboratory supplies. With the assist of MGM Resorts, the nonprofit is responding to a deadly viral outbreak affecting pandas in the regions of China’s panda reserves. Medical equipment and veterinary supplies such as vaccines are an essential and continual need for panda centers, says Pandas International. The nonprofit determines the pandas’ urgent medical needs by working directly with veterinarians and keepers in an effort to ensure the pandas receive the best care possible.
MGM Resorts International is a holding company. Through its wholly owned auxiliaries, the Company owns and operates casino resorts. The Company operates in two segments: wholly owned domestic resorts and MGM China. The wholly owned domestic resorts segment comprises non-gaming operations, counting hotel, food and beverage, entertainment and other non-gaming amenities. Its casino operations feature a variety of table games, and race and sports book wagering. It operates over 15 wholly owned resorts in the United States.
Finally, Shares of Archer Daniels Midland Company (NYSE:ADM), ended its last trade with -XX% loss, and closed at $42.06.
Archer Daniels Midland Company declared the opening of its new information technology and support center, which is located on the same campus as ADM’s WILD Flavors offices in Erlanger, Kentucky.
“As our company continues to grow, our global I.T. capabilities and infrastructure have to expand at the same time to support that growth. This new technology center enables us to attract new I.T. talent to our organization as we expand our company and our technical capabilities,” said ADM Chief Executive Officer Juan Luciano.
“We are excited to grow our presence here in Erlanger,” Luciano added. “This center is a great example of the many synergies we’ve been able to capitalize on following our acquisition of WILD Flavors last year. Co-locating the facility on the WILD campus in Erlanger gives us access to a strong local talent pool of I.T. professionals in Northern Kentucky and the entire Greater Cincinnati area, and also allowed us to execute this expansion in a cost-conscious way.”
About 70 employees and contractors are presently based in the center. The staff will eventually expand to about 200 ADM colleagues. The majority of the positions will be newly created as ADM expands its global I.T. support and infrastructure. In addition, 1ADM—the planning and implementation of the company’s new enterprise resource planning system—will be supported at the new facility.
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Company’s segments comprise Oilseeds Processing, Corn Processing, Agricultural Services and Wild Flavors and Specialty Ingredients.
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