Nike Cuts Braun Loose, Facebook Hires Ex-Google Executive, and 2 More Hot Stocks

Nike (NYSE:NKE): Nike has ended its sponsorship relations with Ryan Braun of the Milwaukee Brewers, who was recently suspended for the rest of the baseball season as the result of a probe being undertaken into his use of performance-enhancing drugs, USA Today reports. Braun adds to a growing list of endorsements gone sour for Nike, which notably cut off Lance Armstrong and had previous issues with golfer Tiger Woods, though the company kept him on board.

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Facebook (NASDAQ:FB): Facebook hired former Motorola Mobility (NASDAQ:GOOG) marketing chief Gary Briggs to be its latest executive in charge of marketing efforts, replacing replacing Vice President of Product Marketing Eric Antonow. Briggs — who has worked for Google and other high-profile firms — will be in charge of ”branding and marketing efforts for all Facebook constituencies of users, developers and potential consumers of new products,” Ad Age reports.

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J.C. Penney (NYSE:JCP): It’s a big day for hires: J.C. Penney brought Debra Berman on board to head its marketing initiative. The retailer went for more than a year without replacing Michael Francis, who held the position previously. Berman was vice president of marketing strategy and engagement at Kraft and worked as a strategic planning director at DDB Advertising before that.

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Tesla Motors (NASDAQ:TSLA): Shares are up almost 3 percent despite a rumor that Tesla could potentially lose a source of its income in the event that the California Air Resources Board clamps down on rules that allow EV manufacturers to earn zero-emission credits. During its first quarter, Tesla earned $67.9 million in ZEV credits — which have become somewhat controversial — and another $17.1 million in “other regulatory credits,” according to Automotive News. However, the company has warned before that changes to the rules on ZEV credit presented a profit risk in the short term.

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