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Stock Market & Financial Investment News

News Breaks
April 28, 2014
07:48 EDTADDYY, NKENike, Adidas supplier counts expense of China shoe strike, Reuters says
Yue Yuen said that more than 80% of the employees at its Dongguan factory returned to work after staging a two-week long strike and the company estimated the strike will cost it nearly $27M, according to Reuters, citing a statement from the company. Yue Yuen is a $5.6B footwear manufacturer for companies like Nike (NKE) and Adidas (ADDYY). Reference Link
News For NKE;ADDYY From The Last 14 Days
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July 28, 2015
07:25 EDTNKENike price target raised to $128 on trade deal potential at Jefferies
Jefferies analyst Edward Plank raised his price target for Nike to $128 to reflect greater likelihood of the Trans-Pacific Partnership becoming law. The elimination of Vietnam import tariffs could benefit Nike's margins by up to 400 basis points over time, Plank tells investors in a research note. The recent granting of fast-track authority to President Obama significantly increases the likelihood of the free trade agreement passing, the analyst writes. He keeps a Buy rating on Nike.
July 27, 2015
06:36 EDTNKENike to pay $2.4M to FuelBand customers, AppleInsider reports
Under terms agreed upon in June, Nike (NKE) will pay $2.4M to customers who purchased a FuelBand product anytime between January 19, 2012 and June 17, 2015 to settle a class action suit leveled against itself and Apple (AAPL) in 2013, AppleInsider reports. Apple was named as a defendant in the suit, but holds no responsibility or liability for attorneys' fees or costs, the report says. The plaintiffs alleged that the Fuelband was unable to accurately track calorie burn, steps, and overall activity, the report says. Reference Link
July 22, 2015
08:01 EDTADDYYSL Green signs Adidas to retail lease at 115 Spring Street
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