On Tuesday, Nike Inc (NYSE:NKE)’s shares declined -0.30% to $103.56.
NIKE, Inc. (NKE) and its Chairman, Phil Knight, recently declared actions that will provide long-term stability in the ownership and governance of the company counting transfer of ownership of Phil Knight’s shares to a Limited Liability Company.
Concurrent with recently declarement, Knight and the NIKE Board of Directors also declared the start of a succession planning process that will conclude in the appointment of NIKE’s next Chairman. Knight has informed the NIKE Board of Directors of his recommendation to have Mark Parker, NIKE’s President and Chief Executive Officer since 2006, succeed him as Chairman. Further, the Company also named Travis Knight as the newest member of NIKE’s Board of Directors.
NIKE, Inc., together with its auxiliaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The company offers products in eight categories, counting running, basketball, football, men’s training, women’s training, sportswear, action sports, and golf under the NIKE and Jordan brand names.
NXP Semiconductors NV (NASDAQ:NXPI)’s shares gained 1.99% to $80.84.
NXP Semiconductors N.V. (NXPI), technology leader in the secure connected car and global market leader in in-vehicle networking, recently declared its new product portfolio for automotive Ethernet.
The portfolio builds on BroadR-ReachTM — an automotive standard defined by the OPEN Alliance industry group, with the aim to make consumer-level Ethernet capable of meeting the automotive industry’s stringent requirements. NXP is a founding member of OPEN Alliance and the first to offer a truly automotive portfolio compriseing of two product families, Ethernet transceivers (TJA1100) and Ethernet switches (SJA1105). Product samples are right away accessible, and Ethernet transceivers will start production in Q4 (Ethernet on nxp.com).
Ethernet is predictable to provide the network backbone for autonomous driving and connected vehicles, as it is capable of the high data bandwidth, communications speed, weight reduction, and cost efficiency that future connected cars require. NXP’s modular approach with switch and transceiver allows for flexible and cost efficient combinations, enabling automakers to build optimal solutions for a wide range of networking architectures — from entry-level cars to high-end luxury vehicles. This will also pave the way for new, distributed networking architectures (video) in the future.
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power administration, interface, security, and digital processing products worldwide. It provides in-vehicle networking, car passive keyless entry and immobilization, and car radio and audio amplifiers; car solid state lighting drivers; communication products that are related to assisted and autonomous driving; ICs for e-government, transportation, and access administration; RF power amplifiers, small signal RF discretes, and RF ICs for mobile, consumer electronics, and cable television infrastructure; AC-DC power conversion ICs for notebook personal computers; low power audio ICs; and microcontrollers.
At the end of Tuesday’s trade, Stillwater Mining Company (NYSE:SWC)‘s shares dipped -7.24% to $9.09.
Stillwater Mining Company (SWC) stated financial results for the quarter ended June 30, 2015.
Second Quarter 2015 Highlights:
- Processed 151,600 ounces of recycled palladium, platinum and rhodium, an enhance of 12.9% over 134,300 ounces recycled during the second quarter of 2014.
- Merged net loss attributable to common stockholders of $27.5 million or $0.23 per share, counting a $46.8 million (before-tax) impairment charge taken on the Marathon mineral properties.
- Mined palladium and platinum production of 127,000 ounces, a slight enhance from 126,400 ounces mined during the second quarter of 2014.
- All-in Sustaining Costs (AISC)* of $785 per mined ounce of palladium and platinum, contrast to $792 per mined ounce for the second quarter of 2014.
- Cash and cash equivalents plus highly liquid investments of $531.2 million at quarter end, after $11.0 million enhance in recycle working capital during the second quarter.
- Labor contract with employees expired during the quarter; represented employees at the Stillwater Mine and Columbus processing facilities continue to work under the terms of the previous agreement.
Stillwater Mining Company engages in the development, extraction, processing, smelting, and refining of platinum group metals (PGMs). It operates through Mine Production, PGM Recycling, Canadian Properties, and South American Properties segments. The company primarily explores for palladium, platinum, and associated metals, in addition to for nickel, copper, gold, silver, and rhodium ores.
Citizens Financial Group Inc (NYSE:CFG), ended its Tuesday’s trading session with 0.30% gain, and closed at $23.10.
Citizens Bank declared that Simon Griffiths has been named Executive Vice President and Head of Retail Distribution. Griffiths, a financial services veteran with nearly 20 years of leadership experience, joins Citizens from Santander and formerly worked in senior leadership roles at JPMorgan Chase and Washington Mutual.
Griffiths will be responsible for managing Citizens’ network of branches and ATMs, online and mobile banking, digital sales and marketing and related Consumer Banking operations effective Oct. 13, 2015. He will report to Brad Conner, Vice Chairman and Head of Consumer Banking.
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. It operates through two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment focuses on retail customers and small businesses with traditional banking products and services, counting checking, savings, home loans, student loans, credit cards, business loans, and financial administration services.
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