Shares of The Coca-Cola Co (NYSE:KO) ended Friday session in green amid volatile trading. The shares closed up +0.11 points or 0.26% at $42.23 with 13,398,353 shares getting traded. Post opening the session at $42.26, the shares hit an intraday low of $42.10 and an intraday high of $42.47 and the price vacillated in this range throughout the day. The company has a market cap of $182.61 billion and the numbers of outstanding shares have been calculated to be 4.31 billion shares.
The Coca-Cola Co (KO) announced that Barry Simpson, currently the company’s head of Global Business Unit IT Services, has been promoted to Chief Information Officer, effective immediately. In his new role, Simpson will oversee all of the company’s global information technology strategy, services and operations.
A nearly 30-year IT industry veteran, Simpson joined the Coca-Cola system in 2008 as Group CIO of the Coca-Cola Amatil (CCA) Group, a major Coca-Cola bottler based in Sydney, Australia. In this role he was responsible for the development and implementation of IT strategy for the CCA Group across multiple lines of business in six Asia-Pacific markets. He joined The Coca-Cola Company in Atlanta in January 2016 where he has been responsible for overseeing IT services provided to all of the company’s business units worldwide.
“Given the significant amount of change under way as we transform our business for the future, it’s important that we have an IT function positioned to protect our information technology and accelerate our growth around the world,” said James Quincey, President and Chief Operating Officer, The Coca-Cola Company. “Barry’s proven experience leading change will ensure the IT function is a partner in driving innovation, simplification and efficiency to create value for our customers and consumers, and, importantly, create a better experience for our employees.”
Shares of Apple Inc. (NASDAQ:AAPL) ended Friday session in red amid volatile trading. The shares closed down -0.76 points or -0.66% at $113.72 with 37.86 million shares getting traded. Post opening the session at $113.87, the shares hit an intraday low of $104.61 and an intraday high of $115.21 and the price vacillated in this range throughout the day. The company has a market cap of $602.36 billion and the numbers of outstanding shares have been calculated to be 5.33 billion shares.
Apple Inc. (AAPL) introduced a significant update to its professional video editing app, Final Cut Pro® X, featuring incredible new editing features for the Magnetic Timeline, support for the revolutionary Touch Bar™ on the new MacBook Pro® and a redesigned interface with full support for wide color workflows. The Touch Bar replaces the keyboard’s traditional function row with a brilliant, Retina®-quality Multi-Touch™ display that dynamically adapts to Final Cut Pro X by putting intuitive, context-sensitive controls right at the user’s fingertips. Apple also released updates to Motion and Compressor.
“This is our biggest update to Final Cut Pro X since we completely redesigned it five years ago,” said Susan Prescott, Apple’s vice president of Apps Product Marketing. “The new version features a sleek interface and adds powerful new editing features that go far beyond what’s possible with traditional, track-based video editing apps; and integration with the revolutionary Touch Bar gives professional video editors a whole new way to interact with Final Cut Pro X.”