Some of the names on the move ahead of the open.» Read More
June 30- Nike Inc, the world's largest sports shoe company, said Chairman and co-founder Phil Knight would step down next year. Chairman since 2004, Knight said in a statement on Tuesday that he would continue to play an active role in Nike even after his tenure ends. Knight, 76, owned a 16.26 percent stake in Nike as of Dec. 31.
NEW YORK— Nike Chairman Phil Knight plans to step down, and says he wants President and CEO Mark Parker to succeed him. Phil Knight co-founded Nike and has been a director of the footwear and athletic apparel and equipment maker since 1968. Parker has been Nike's president and CEO since 2006.. The directors of the company will be Knight himself, Parker, and Nike...
June 30- Nike Inc, the world's biggest sports shoe company, said it had started a succession plan for Chairman Phil Knight and said he would transfer his ownership in the company to Swoosh, a limited liability company. Knight said he recommended current CEO Mark Parker to succeed him as chairman, expectedly in 2016.. Nike said Knight owned 128.5 million Class A...
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NEW YORK, June 26- The S&P 500 closed flat on Friday but ended lower for the week, with investors cautious ahead of a meeting in Europe that could decide whether Greece will default on critical loans. The Dow closed higher, boosted by strong results from component Nike Inc, while the Nasdaq ended solidly lower on disappointing results from Micron Technology Inc,...
NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Nike Inc., up $4.49 to $109.71. Synnex Corp., down $7.46 to $74.88.
Stocks had a mixed day Friday as investors waited for negotiators to finish their work on a solution to Greece's debt problems. The Dow Jones industrial average got a big boost from Nike, which rose more than 4 percent after posting strong quarterly results. The Dow Jones industrial average rose 56.66 points, or 0.3 percent, to 17,947.02.
U.S. stocks closed mixed on Friday, posting a loss for the week, as investors digested earnings reports and awaited resolution on Greece debt talks.
CNBC Pro highlights the top performing stocks this week and analyzes whether the good times will continue.
Phil Knight and OHSU have raised $1 billion for the detection of lethal cancers in their early stages.
*Dow up 0.06 pct, boosted by Nike. *Micron Technology down 19 pct. June 26- The Nasdaq Composite fell 1 percent in afternoon trading on Friday after weak forecast from Micron Technology dragged down chipmakers including Intel.
With second-quarter earnings season coming up, could investors actually be overestimating the deleterious effects of a strong U.S. dollar?
*Euro zone can help Greece repay debt in bailout extension. June 26- U.S. stocks were mixed in late morning trading on Friday as better-than-expected consumer confidence data brought some relief to investors concerned about a possible debt default by Greece. Greece on Thursday failed to clinch a deal with its international creditors.
NEW YORK— Stocks had a mixed day Friday, as investors waited for negotiators to finish their work on a solution to Greece's debt problems. China's benchmark index is still up more than double over the past year. It was largely lifted by Nike, which rose more than 4 percent after posting strong quarterly results.
Nike posts strong earnings fueled by good sales in North America, Western Europe and China.
CNBC's Jim Cramer explains how Nike was able to beat analysts' estimates so handily.
*Euro zone can help Greece repay debt in bailout extension. June 26- U.S. stocks rose slightly on Friday as investors were encouraged by signals of a possible deal between Greece and its creditors that could help the country avert a debt default. Greece failed to clinch a deal with its international creditors on Thursday.
Discussing innovation at Nike, with Susan Anderson, FBR Capital Markets.