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Wal-Mart Stores (NYSE:WMT) and The Salvation Army said Friday that they are collaborating this season to help give new toys and coats to local children on Christmas as part of the 122nd Annual Red Kettle Campaign.
General Electric Company (NYSE:GE) might make venture capital investments in tech start-ups and perhaps purchases as it steps up offerings of software built to analyze data collected from its industrial equipment, according to Bloomberg. Chief Executive Jeffrey Immelt says that the firm has reserved approximately $100 million for the investments which will complement employment at its new research center in San Ramon, California.
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Microsoft Corporation (NASDAQ:MSFT) will give the manner through which it develops the flagship Windows operating system a remake in a strategic shift to keep up with more nimble competitors Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG), according to sources. The company intends to upgrade the software more often, perhaps once a year, with the first updates next year, says Bloomberg.
Exxon Mobil Corporation (NYSE:XOM) has no plans to exercise its right of first refusal on ConocoPhillips’ (NYSE:COP) interest in the Kashagan oil field in Kazakhstan, according to Reuters. Conoco intends to divest the stake to OGNC Videsh for around $5 billion.
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