Shares of Nike Inc (NYSE:NKE) ended Thursday session in green amid volatile trading. The shares closed up +0.07 points or 0.13% at $55.41 with 8.05 million shares getting traded. Post opening the session at $55.47, the shares hit an intraday low of $55.24 and an intraday high of $55.98 and the price vacillated in this range throughout the day. The company has a market cap of $93.77 billion and the numbers of outstanding shares have been calculated to be 1.35 billion shares.
Nike Inc (NKE) on August 23, 2016 launched a significant update to its popular new Nike+ Run Club app, which gives athletes access to a new adaptive coaching feature, expert guidance from the world’s best athletes and coaches and unrivaled motivation and community – all designed to make running easier and a lot more fun.
“Through the new Nike+ Run Club app, we’re serving a running community that spans the globe with the most innovative and personalized experiences we’ve ever offered to runners,” said Nikki Neuburger, VP, Global Running Brand. “We’ve thoughtfully considered and updated how we surround runners with everything and everyone they need to reach their full potential and have more fun with the sport, from coaching plans that adapt to meet their needs, to inspiration, motivation and a community of million to run with.”
Shares of Mondelez International Inc (NASDAQ:MDLZ) ended Thursday session in green amid volatile trading. The shares closed up +0.44 points or 1.02% at $43.37 with 7.45 million shares getting traded. Post opening the session at $43.34, the shares hit an intraday low of $43.14 and an intraday high of $43.57 and the price vacillated in this range throughout the day. The company has a market cap of $67.61 billion and the numbers of outstanding shares have been calculated to be 1.56 billion shares.
Mondelez International Inc (MDLZ) on Sept. 14, 2016 confirmed a $65 million investment to build a global Research, Development & Quality (RDQ) network of the future. The investment will enable the company to better recruit, retain and develop talent across a range of science and technical disciplines while also creating a stronger presence in both emerging and developed markets. When complete, the redesigned network will consist of a combination of new and existing technical centers that will be more flexible and agile in responding to the company’s growth and innovation needs.
Over the next two years, the company will focus its RDQ network at nine advantaged technical centers, concentrating people and resources into better equipped hubs:
- Mexico City, Mexico
- East Hanover, N.J., United States
- Bournville, United Kingdom
- Reading, United Kingdom
- Wroclaw, Poland
- Thane, India
- Suzhou, China
- Jurong, Singapore
- Curitiba, Brazil
“With these advantaged technical centers, we’re focusing our investment in research, equipment and capabilities to drive innovation to support our growth strategy and innovation, margin and quality platforms,” said Rob Hargrove, Executive Vice President, RDQ. “These hubs will enable improved efficiency, effectiveness and accelerated project delivery, while the increased scale across key markets will provide rapid access to changing consumer needs and trends.”
Three of the centers — East Hanover, Bournville and Reading — are already in full operation. The company will break ground on the Singapore facility in November 2016 and the Thane facility in December 2016 with the new Wroclaw building opening in 2017. The remainder of the redesigned network will open through 2018.