Intel Corporation (NASDAQ:INTC) will receive a government grant of $300 million over five years and will be eligible to pay a corporate tax rate of only 5pc for a 10-year period, the finance ministry said. The US chip giant plans to hire close to 1,000 more workers at the plant by 2023, in addition to the 2,500 that already work there. Intel Corporation (NASDAQ:INTC) belongs to Technology sector. Its net profit margin is 19.10% and weekly performance is 0.49%. On last trading day company shares ended up $34.71. Intel Corporation (NASDAQ:INTC) distance from 50-day simple moving average (SMA50) is 1.85%.
Stock analysts at KeyCorp initiated coverage on shares of Nabors Industries (NYSE:NBR) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock. Nabors Industries Ltd. (NYSE:NBR) shares moved down -3.89% in last trading session and ended the day at $22.96. NBR Gross Margin is 35.00% and its return on assets is 1.30%. Nabors Industries Ltd. (NYSE:NBR) quarterly performance is -17.79%.
On Sep 10, Hurco Companies Inc. (NASDAQ:HURC), announced that its Board of Directors approved the payment of a cash dividend of $0.07 per share. The dividend will be paid on October 13, 2014, to shareholders of record as of the close of business on September 29, 2014. On 22 September, Hurco Companies Inc. (NASDAQ:HURC) shares moved down -3.92% and was closed at $37.30. HURC EPS growth in last 5 year was -18.60%. Hurco Companies Inc. (NASDAQ:HURC) year to date (YTD) performance is 49.92%.
On Sept. 16, Exar Corp. (NYSE:EXAR), has completed its merger with Integrated Memory Logic Limited (iML) a leading provider of power management and color calibration solutions for large and medium-sized flat panel displays used in televisions and tablets. The transaction was completed through a second-step merger to acquire all of the remaining outstanding shares of iML. As of September 15, 2014, Exar owns 100% of the outstanding stock of iML and iML stock is no longer publicly trading. Exar Corp. (NYSE:EXAR) ended the last trading day at $9.44. Company weekly volatility is calculated as 2.64% and price to cash ratio as 3.63. Exar Corp. (NYSE:EXAR) showed a weekly performance of 0.85%.
On Sep 4, New Jersey-headquartered technology and operations solutions provider, IGATE Corporation, has launched the IGATE Corporate University – a training and development facility in Pune. The IGATE Corporate University will focus on building custom training programs and methodologies in association with leading global varsities. It will also have the tutelage of renowned Professors collaborating with the corporate faculty. iGATE Corporation (NASDAQ:IGTE) shares moved down -2.72% in last trading session and ended the day at $37.25. IGTE Gross Margin is 38.80% and its return on assets is 2.80%. iGATE Corporation (NASDAQ:IGTE) quarterly performance is 9.21%.