On Thursday, Nike Inc (NYSE:NKE)’s shares inclined 0.16% to $109.45.
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.
Philip Morris International Inc. (NYSE:PM)’s shares dropped -0.43% to $81.22.
Philip Morris International Inc. (PM) declared a regular quarterly dividend of $1.00 per common share, payable on July 10, 2015, to shareholders of record as of June 25, 2015. The ex-dividend date is June 23, 2015. For more details on stock, dividends and other information, see www.pmi.com/investors.
Philip Morris International Inc., through its auxiliaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprise Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The company also owns various cigarette brands comprising Sampoerna, Dji Sam Soe, and U Mild in Indonesia; Fortune, Champion, and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia.
At the end of Thursday’s trade, Linn Energy LLC (NASDAQ:LINE)‘s shares surged 1.60% to $8.54.
Philip Morris International Inc. ( PM) will host a live audio webcast at www.pmi.com/webcasts on Thursday, July 16, 2015, at 9:00 a.m. ET to discuss its 2015 second-quarter results, which will be issued at approximately 7:00 a.m. ET the same day.
During the webcast, Jacek Olczak, Chief Financial Officer, will discuss PMI’s results and answer questions from the investment community and news media. The webcast will be in a listen-only mode.
Philip Morris International Inc., through its auxiliaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprise Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White.
Marsh & McLennan Companies, Inc. (NYSE:MMC), ended its Thursday’s trading session with 0.57% gain, and closed at $56.60.
LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) declared that LINN has signed a formal agreement with private capital investor GSO Capital Partners L.P. (“GSO”), the credit platform of The Blackstone Group L.P. (BX) (“Blackstone”), to fund oil and natural gas development (the “DrillCo Agreement”).
Funds managed by GSO and its affiliates have agreed to commit up to $500 million with 5-year availability to fund drilling programs on locations provided by LINN. Subject to adjustments depending on asset characteristics and return expectations of the selected drilling plan, GSO will fund 100 percent of the costs associated with new wells drilled under the DrillCo Agreement and is expected to receive an 85 percent working interest in these wells until it achieves a 15 percent internal rate of return on annual groupings of wells, while LINN is expected to receive a 15 percent carried working interest during this period. Upon reaching the internal rate of return target, GSO’s interest will be reduced to 5 percent, while LINN’s will increase to 95 percent.
Linn Energy, LLC, an independent oil and natural gas company, acquires and develops oil and natural gas properties in the Unites States. Its properties are located in the Rockies, the Hugoton Basin, California, east Texas and north Louisiana, the Mid-Continent, the Permian Basin, Michigan/Illinois, and south Texas. As of December 31, 2014, the company had proved reserves of 7,304 billion cubic feet equivalent; and operated 19,591 gross productive wells. Linn Energy, LLC was founded in 2003 and is headquartered in Houston, Texas.
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