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Nike Offering Two-For-One Stock Split

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  • Description

    FBN’s Adam Shapiro with an afternoon market update.

  • Duration 0:53
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I'm Adam Shapiro -- Fox Business -- it was another tough day for the markets with the Dow and NASDAQ posting their fourth straight day of losses at the closing bell the Dow finished when he points lower.

On the slips on the flip side net Nike shares are running higher after announcing his 17% increase.

In its quarterly dividend the companies also offering a two for one stock split.

Thank -- says the split will be in the form of 100% stock dividend payable on December 24.

The quarterly dividend of 21 cents a share we'll be on a post split basis.

At 439000.

Americans filed for first time jobless benefits last week pushing jobless claims.

To their highest level in eighteen months -- sandy was a factor for last week's jump the storm added claims to an already weakening job market.

That's the latest from the Fox Business Network giving you the power to prosper.

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