Shuttering

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Nike is shuttering its wearable-hardware division and letting go of up to 70 employees, most of whom worked on the FuelBand fitness tracker. The company plans to continue efforts in developing software that will run on Apple, Google and more's hardware. One company spokesman said, "[Nike] will continue to improve the Nike+ FuelBand App, launch new METALUXE colors, and we will sell and support the Nike+ FuelBand SE for the foreseeable future." [C/NET]