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Stock Market & Financial Investment News

News Breaks
January 20, 2013
14:22 EDTHESAY, COH, RLHermes indicates positive luxury outlook on Asian demand, Bloomberg says
Hermes International (HESAY)'s CEO said the company had a "fantastic end" to 2012, says Bloomberg. The maker of high-end luxury goods raised its 2012 revenue growth view to more than 13%, citing strong Asian demand. Reference Link
News For HESAY;COH;RL From The Last 14 Days
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October 15, 2014
06:12 EDTRLNike's Converse sues rivals over 'copycat' design, NY Post reports
Converse, a unit of Nike (NKE), is suing rivals including Ralph Lauren (RL) and Tory Burch, alleging that shoemakers and retailers are copying its iconic design, the New York Post reports. Lawyers for Converse say "We welcome fair competition, but we do not believe companies have a right to copy the trademarked look." The lawsuit seeks unspecified damages and injunctions that would bar the production of the rival shoe models. Reference Link

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