P&G makes acquisition, Facebook plans custom chips, Nike footwear VP leaves company
Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Proctor and Gamble (PG) tops our list. The consumer goods company is buying Merck’s consumer health unit for $4.2B. The deal will give P&G vitamin brands like Seven Seas and help the US company expand in Latin America and Asia. P&G also said it’s ending its partnership with Teva Pharmaceuticals citing difference in strategy.
Finally some Facebook (FB) news that’s not about its massive data breach. The social networking giant is building its own hardware. New job postings show Facebook is looking for a team to build end-to-end chips that will aid in artificial reality development.
Another C-Suite shake-up at Nike (NKE). This time, it’s Greg Thompson, VP of Express Lane Footwear, who had been with the company for decades. So far, there are no details on why Thompson left. He is the fourth executive in a recent string of departures at Nike, following complaints that the company is run like a “boys’ club.”
Netflix (NFLX) just launched 30-second previews for iOS mobile users. The feature, which has been available on the web and its TV app, will let users click on videos to watch trailers before diving into a new series or movie. Netflix says previews help subscribers browse less and discover new content faster.
