On Tuesday, Nike Inc (NYSE:NKE)’s shares declined -0.09% to $101.35.
Nike Inc (NKE) has settled a lawsuit against three former shoe designers it had accused of stealing its commercial secrets and taking them to German rival Adidas AG with plans to open a footwear design studio in Brooklyn.
The designers’ attorney, Matt Levin, said in a statement Tuesday that the case had been resolved through a confidential settlement. Both Nike and Adidas declined to comment, but a clerk with the state court in Oregon, where the lawsuit was filed, said both sides agreed to dismiss the matter on June 4.
Nike, the world’s largest sportswear maker, sued Denis Dekovic, Marc Dolce and Mark Miner last December for at least $10 million in damages, alleging that the trio started consulting for Adidas while still working at Nike, violating their non-compete agreements.
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.
Steel Dynamics, Inc. (NASDAQ:STLD)’s shares gained 0.18% to $21.84.
Steel Dynamics, Inc. (STLD) in Washington, D.C., joined by AK Steel Corporation, ArcelorMittal USA, California Steel Industries, Nucor Corporation, and United States Steel Corporation, petitioned the Department of Commerce (DOC) and the U.S. International Trade Commission (ITC) to apply antidumping (AD) and countervailing duties (CVD) against imports of corrosion resistant steel from China, India, Italy, South Korea, and Taiwan.
Imports of corrosion resistant sheet steel between 2012 and 2014 from the five subject countries raised 85%, from 1.5 million to 2.75 million tons. Further, imports raised by one third in the first quarter of 2015, from 600,000 to 800,000 tons, and based on licensing data have additionally raised in the second quarter. Over 15% of the U.S. market was lost to these subject imports, more than doubling their share between 2012 and the first quarter 2015.
The company produces corrosion-resistant steel counting hot dipped galvanized, Galvalume®, and painted steel at its facilities in Butler and Jeffersonville, Indiana; Columbus, Mississippi and three facilities (The Techs) in the Pittsburgh, Pennsylvania metropolitan area. The product is used in many construction applications, in addition to in automotive parts and numerous consumer products.
Steel Dynamics, Inc., together with its auxiliaries, manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joist and decking products in the United States and internationally. The company operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations.
At the end of Tuesday’s trade, Nimble Storage Inc (NYSE:NMBL)‘s shares surged 5.04% to $28.98.
Nimble Storage Inc (NMBL) declared that Kristin Carnes, vice president of worldwide channel sales, has been named to The Channel Company’s prestigious 2015 CRN® Women of the Channel and Power 100 list. The annual Women of the Channel list honors outstanding female executives across vendor channel organizations, distributors, solution providers and other women prominently involved in the IT channel ecosystem for their successes and the far-reaching impact they are having on the technology industry going forward. The Power 100 is a subset of the CRN Women of the Channel who have earned a special distinction after being carefully reviewed and selected by the editors of CRN based on their exemplary record of success and their level of influence in the channel.
Carnes has an impressive 16 years of experience in the channel and has been instrumental to the growth of the Nimble channel ecosystem. This year, she assisted launch Nimble’s global partner program to enhance Nimble partners’ business opportunities and enhance the value they deliver to joint customers. Carnes also played an integral role in building channel partner awareness of two major enhancements to the Nimble Adaptive Flash solutions — Fibre Channel protocol support for the Nimble CS-Series arrays and Storage on Demand, a pay-as-you-go model that scales storage performance and capacity as business needs change. In addition, Carnes led an initiative to expand into 18 countries through partnerships with large distributors in Europe and Asia.
Nimble Storage, Inc. provides flash-optimized storage platforms. The company’s software and storage systems handle various mainstream applications, counting virtual desktops, databases, email, collaboration, and analytics. It offers systems that provide adaptive performance for high-I/O applications and high-capacity environments, counting Exchange, Oracle, SharePoint, SQL Server, virtual desktop infrastructure, and server virtualization.
Crown Castle International Corp (NYSE:CCI), ended its Tuesday’s trading session with -0.74% loss, and closed at $81.98.
Crown Castle International Corp (CCI) declared that its Board of Directors has declared a quarterly cash dividend of $0.82 per common share. The quarterly dividend will be payable on June 30, 2015 to common stockholders of record at the close of business on June 19, 2015. Future dividends are subject to the approval of the Company’s Board of Directors.
Crown Castle International Corp., together with its auxiliaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The company provides towers and other structures, such as rooftops; and distributed antenna systems, a type of small cell network (small cells).
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