Netflix (NFLX) late Tuesday announced a 7-for-1 stock split in a move to make its shares more attractive to retail investors. Netflix stock jumped 3% in after-hours trading to around 704 on the news. During the regular session Tuesday, Netflix stock rose nearly 1% to 681.19. The Internet television service hit a record high of 692.79 on June 10. The Los Gatos, Calif.-based company said the stock split will occur on July 14 to shareholders of
U.S. amateur golfer-in-chief Barack Obama might want to switch fitness bands. Obama, who also serves as president of the United States, currently wears a Fitbit (FIT) fitness band. But a rival fitness tracker from Microsoft (MSFT), the Microsoft Band, recently added an app for tracking your golf game. Obama, who has played more than 220 rounds of golf as president, could use some help with his game. Basketball great and trash-talker extraordinaire Michael Jordan called Obama “a sh—y golfer” in an interview last fall. “I’d take him out. He’s a hack,” golf enthusiast Jordan said. At best, Obama is believed to be a 17 handicap. Obama’s Fitbit Surge watch tracks heart rate, steps taken, stairs climbed, calories burned, distance and other fitness metrics. It has eight sensors, including GPS, accelerometer, altimeter and heart-rate monitor. It’s made for tracking exercise and workouts, but doesn’t have a golf-specific app. Meanwhile, Microsoft…
Ford Motor (F) is edging nearer to producing self-driving cars as Tesla, Google and others continue to tweak their autonomous driving technology. Ford named Randy Visintainer as its director of autonomous vehicle development and has assembled a team to work on the advanced engineering program as it shifts gears from the research stage to development. “During the next five years, we will move to migrate driver-assist technologies across our product