ProPennyPick.com

August 11, 2011 13:35 ET

Ford Realigns Teams, Sirius XM Radio Goes Deep and Intel Invests $300 Million

ProPennyPick's Afternoon Update Features Ford, (F), Sirius XM Radio (SIRI) and Intel (INTC)

LAS VEGAS, NEVADA--(Marketwire - Aug. 11, 2011) -

Investment Updates: This afternoon's focus is on Ford (F), Sirius XM Radio (SIRI), and Intel (INTC)

Ford (F) up 3.5 percent to $10.78 in mid-day training on a volume of 46 million shares. The company today announced the realignment of its global product development leadership team, naming Barb Samardzich, vice president, global product programs, to the position of vice president, product development, Ford of Europe. The move strengthens Ford's global product development leadership team, further supporting the company's One Ford plan.

"Barb's appointment strengthens the leadership of our European team at a critical time as we develop the high-quality, fuel-efficient, safe and innovative vehicles our customers want and value," said Derrick Kuzak, Ford group vice president, global product development.

Sirius XM Radio (SIRI) is trading at $1.79, up 3 percent on a volume of 33,800,000 shares, in mid-day trading. The company announced that it is the Official Satellite Radio Partner of the NFL, has kicked off the seventh annual SiriusXM NFL Radio Training Camp Tour, broadcasting live from all 32 NFL team training camps between now and the start of the 2011 regular season.

Intel Corporation (INTC) in mid-day trading was up 2.5 percent to $20.47 on a volume of 30,420,000 shares. The world's largest chipmaker, said it will invest as much as $300 million to back the development of technology to speed up the introduction of notebook computers it's calling "ultrabooks".

Intel will put the money in companies building hardware and software to create thinner, lighter laptops that can go all day without a battery charge, the Santa Clara, California-based company said. The investments will take place over the next three to four years.

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