News Analysis Report: Walgreens Boots Alliance Inc (NASDAQ:WBA), Marvell Technology Group Ltd. (NASDAQ:MRVL)

On Thursday, Shares of Walgreens Boots Alliance Inc (NASDAQ:WBA), subtract -0.82% and closed at $80.87 in the last trading session. The last trading range of the stock ranges between $79.82 and $82.30. The American Ireland Fund honored Walgreens Boots Alliance, Inc. (WBA) yesterday at its 32nd Annual Chicago Dinner for its commitment to and investment in the entire island of Ireland, both north and south. Walgreens Boots Alliance is only the fifth company with noteworthyoperations in the Chicagoland area to receive the American Ireland Fund Corporate Social Responsibility Award in the dinner’s 32-year history.

Walgreens Boots Alliance was cited for the jobs and services it provides at over 170 stores in Ireland. Walgreens Boots Alliance Senior Vice President, Chief Property and Procurement Officer Patrick Dunne accepted the award on behalf of the company.

“I’m honored to accept this award on behalf of all my dedicated colleagues, and we recognize the challenge of this award to continue our strong corporate citizenship,” said Dunne, who is originally from Strabane, County Tyrone in Northern Ireland. “We are committed to being a standout global company through programs focused on the communities we serve, the environment, the marketplace and our workplace.”

Marvell Technology Group Ltd. (NASDAQ:MRVL), dropped -1.65% and closed at $12.49 in the last trading session. The last trading range of the stock ranges between $12.31 and $12.96. The company’s Market capitalization is $6.40 Billion with the total Outstanding Shares of 511.70 million. Marvell Technology Group Ltd. (MRVL), a leader in storage, networking, and connectivity semiconductor solutions, recently declared restructuring actions intended to refocus its research and development (R&D), increase operational efficiency and improve profitability. These actions are expected to be fully implemented by the end of October 2017 to lower annual operating expenses from a current annualized run rate of $1.08 billion to the $820-840 million range.

Matt Murphy, Marvell’s President and Chief Executive Officer, explained, “The single biggest factor limiting the potential of the Cloud and utilization of billions of connected devices is the bandwidth of recently’s technology. By focusing on our strengths in storing, moving, and accessing data at high speeds, Marvell is well-positioned to facilitate the technology of tomorrow.”

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