Pre-Market News Analysis on: T-Mobile US (NYSE:TMUS), FreeSeas (NASDAQ:FREE), United Technologies (NYSE:UTX), Nike (NYSE:NKE)

Pre-Market News Analysis on: T-Mobile US (NYSE:TMUS), FreeSeas (NASDAQ:FREE), United Technologies (NYSE:UTX), Nike (NYSE:NKE)

- in Business & Finance
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On Wednesday, T-Mobile US Inc (NYSE:TMUS)’s shares declined -0.34% to $38.66.

Bellevue’s loudest CEO, T-Mobile’s John Legere, came in at No. 14 on the list with a 93 percent approval rating. That’s a big jump for Legere, who was not on the list last year. As T-Mobile (NYSE: TMUS) faces a possible acquisition by Dish Network, Legere’s leadership will be more important for the company than ever. Many believe Legere would become the new CEO of the combined company, should the deal go through.

T-Mobile US (TMUS): A block of 4,000 Weekly 40 calls expiring July 24 were sold for $1.24 as investors took profits following a big rally in the name. TMUS fell 0.45 percent to $38.62.

T-Mobile US, Inc., together with its auxiliaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets.

FreeSeas Inc (NASDAQ:FREE)’s shares gained 2.17% to $0.0470.

FreeSeas Inc (FREE) through the ownership and operation of a fleet of Handysize vessels declared recently that it has attained a 51% controlling stake in the newly formed Standcorp International Limited. The rest of the shares are owned by non-associated entities associated with the Marvin group of companies, whose extensive experience for over twenty years has focused in the operation and ownership of tanker vessels. Standcorp will engage in the commercial operation of product and crude oil tankers covering a large array of sizes, by contracting them through time charter or bareboat charter arrangements, and subsequently deploying them in the spot market or in fulfillment of contract cargoes. The company intends to operate in generic markets but also to focus on a number of niche markets, such as West Africa. In addition, the company shall, depending on market conditions, commercially operate dry-bulk carriers either chartered-in, attained, or through services agreements with associated Owners, counting FreeSeas Inc. tonnage.

FreeSeas Inc., through its auxiliaries, provides drybulk shipping services. Its vessels carry various drybulk commodities, such as iron ore, grain, and coal, in addition to bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice. Its fleet comprises of five Handysize vessels and one Handymax vessel. As of April 23, 2015, its operational fleet had about 148,978 deadweight tons with the average age of 17.7 years

At the end of Wednesday’s trade, United Technologies Corporation (NYSE:UTX)‘s shares surged 1.01% to $117.47.

United Technologies Corporation (UTX) Board of Directors recently declared, effective July 6, a dividend of 64 cents per common share payable Sept. 10 to shareowners of record at the close of business Aug. 14. The ex-dividend date is Aug. 12.

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services.

Nike Inc (NYSE:NKE), ended its Wednesday’s trading session with 1.92% gain, and closed at $103.30.

The National Basketball Association (NBA) and NIKE, Inc. (NIKE) declared recently an eight-year global merchandising and marketing partnership that will make NIKE the official oncourt apparel provider starting with the 2017-18 NBA season.

NIKE has a rich history of innovating and leading from the front, and has supported some of the greatest former and current NBA and WNBA players. The company has been a global marketing partner of the NBA since 1992 and expands its rights over eight years under the new agreement, where NIKE will become the first NBA apparel partner to have its logo appear on NBA uniforms. NIKE will also have the global rights to design and manufacture authentic and Swingman jerseys in addition to oncourt warm-ups and shooting shirts.

In addition, the partnership will activate around several NBA events such as NBA All-Star, NBA Global Games, NBA Draft presented by State Farm, Samsung NBA Summer League and NBA 3X. NIKE will remain the official partner and apparel provider of Basketball without Borders.

NIKE has served as the footwear and exclusive apparel provider of USA Basketball since 2006.

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.

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