4 Consumer Stock Stories Raising Eyebrows on Thursday
Netflix Inc. (NASDAQ:NFLX): Closing price $266.41
Variety reports that the series House of Cards and Arrested Development have become the first digitally distributed series to land major nominations for the 65th annual Primetime Emmy Awards, with House of Cards claiming nine nominations in total. The lead acting nominations for the series were taken by Kevin Spacey and Robin Wright, and David Fincher was nominated for directing the opening episode. Arrested Development won three nominations, including lead comedy actor for Jason Bateman. Altogether, Netflix totaled 14 nominations.
General Motors Co. (NYSE:GM): Closing price $36.84
GM Chief Executive Dan Akerson believes that Tesla Motors could ultimately be a disruptive force to the automotive industry, and he doesn’t want to be caught off guard. The former telecom executive has assigned a small team to examine Elon Musk’s upstart electric-car maker and evaluate how it might threaten the 104-year-old automaker’s business, according to GM vice chairman Steve Girsky, during an interview at Bloomberg headquarters in New York. Grisky commented, “He thinks Tesla could be a big disrupter if we’re not careful. History is littered with big companies that ignored innovation that was coming their way because you didn’t know where you could be disrupted.”
GUESS? Inc. (NYSE:GES): Closing price $32.66
On Thursday, GUESS? announced the appointment of Sandeep Reddy as the company’s chief financial officer with global responsibility, reporting to co-founder and Chief Executive Paul Marciano. Reddy will be part of the GUESS? Executive Leadership Team. He has led the GUESS? Europe Finance Team as CFO since September 2010. Previously, Reddy held senior financial roles at Mattel Inc. for 13 years in Europe and in the United States.
Nu Skin Enterprises, Inc. (NYSE:NUS): Closing price $82.32
Nu Skin said Thursday it has received official approval from the Ministry of Commerce of China for direct selling activities in five additional provinces and 30 districts. The provinces include Chongqing, Anhui, Gansu, Shaanxi, and Yunnan. Included in the licensing process was a review of the firms operations. This marks the sixth time that the Ministry has granted Nu Skin new direct selling licenses. Nu Skin’s direct selling presence will now be included in 19 of China’s 32 provinces and municipalities.
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