Nike shares jump on news of Amazon test sales program

July 1, 2017 at 12:46PM
The Sprint logo appears above a trading post on the floor of the New York Stock Exchange, Tuesday, June 27, 2017. Sprint climbed 5.8 percent following a published report suggesting the mobile phone company is in talks with Charter Communications and Comcast Corp. on a deal that could enable the cable operators to buy a stake in Sprint. (AP Photo/Richard Drew)
Sprint shares climbed 5.8 percent on word of a possible deal with Charter and Comcast. (The Minnesota Star Tribune)

Nice shoes: Nike jumped 11 percent to $59 Friday after the athletic apparel company reported strong earnings and said it's testing a program to sell sneakers through Amazon.com directly, instead of via third-party sellers.

Fire fallout: Arconic shares slid 6 percent to $24.01 Monday after a published report asserted that the company knowingly supplied flammable panels for London's Grenfell Tower, where a fire June 14 left 79 people dead or missing. The stock finished the week at $22.65.

Deal bounce: Spectranetics surged 26.2 percent to $38.38 Wednesday after Dutch electronics and health care technology company Philips said it agreed to buy the medical device company for $38.50 a share, or $1.68 billion. Spectranetics shares closed Friday at $38.40.

Appetizing results: Darden Restaurants rose 3.3 percent to $93.06 Tuesday after the chain reported earnings that were better than analysts expected and hiked its dividend 12.5 percent. The stock closed Friday at $90.44.

Party line: Sprint climbed 5.8 percent to $8.47 Tuesday following a published report suggesting the mobile phone company is in talks with Charter Communications and Comcast Corp. on a deal that could enable the cable operators to buy a stake in Sprint. Sprint closed the week at $8.21.

REITS Rally: Store Capital jumped 10 percent to $22.91 Monday after news that Berkshire Hathaway is buying a 9.8 percent stake in the real estate investment trust. The stock closed Friday at $22.45.

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Elizabeth Flores/The Minnesota Star Tribune

About 250 will see layoffs in January, and the future is uncertain for another 450 who can keep working as UCare sells assets to rival insurer Medica, which is hiring hundreds at the same time.

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