Boston, MA, 02/21/2014 – In a continuous endeavor to encourage inclination of girls towards Engineering and Science subjects, Exxon Mobil Corporation (NYSE:XOM) will offer “Introduce a Girl to Engineering” through its Exxon Mobil Foundation at its sites across U.S. This will be the company’s 11th sequential initiative in a row, wherein, over 450 of its employees will participate and host nearly 2,500 middle-school students at 16 locations. The aim of this initiative is to promote technology, science and math subjects among students, particularly for girls, who often do not pursue careers in these field due to misconceptions.
Apple Inc. (NASDAQ:AAPL) traded lower on Thursday in light of lowered ratings awarded to it by Ben Reitzes, analyst at Barclays. He has revised its ratings from ‘Overweight’ to ‘Equalweight’, while maintaining a price target of $570. Reitzes opine that the iPhone maker will continue to trade range bound for the next year as the Smartphone market reaches saturation. Additionally, Apple Inc. (NASDAQ:AAPL)’s decision to enhance iPhone features like curved glass, sapphire glass and new batteries will have an impact over its margins. In the meanwhile, Tesla Motors Inc (NASDAQ:TSLA)‘s CEO Elon Musk has validated the reports about his meeting with the Apple management, however, he turned down to comment on speculations of its possible merger with Apple.
JPMorgan Chase & Co. (NYSE:JPM) announced that it has come to an agreement with the shareholder proponents relating to the withdrawal of two proposals for the annual meeting in 2014. First of the proposal was submitted by The Sisters of Charity of Saint Elizabeth demanding transparency through submission of a report highlighting the challenges faced by the bank and the necessary measured adopted by it to counteract them. And, the second proposal came from The Needmor Fund pressing for the condition for Chair to be independent. Both the proposals have been withdrawn now after the bank assured of its continuous co-operation and response to the raised proposals.