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Stock Market & Financial Investment News

News Breaks
April 28, 2014
07:48 EDTNKE, ADDYYNike, 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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May 21, 2015
09:58 EDTNKEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alibaba (BABA) initiated with an Outperform at Bernstein... Alkermes (ALKS) initiated with an Overweight at Barclays... Burlington Stores (BURL) initiated with an Outperform at FBR Capital... Crocs (CROX) initiated with a Neutral at B. Riley... Darling (DAR) initiated with a Buy at Roth Capital... Dynegy (DYN) initiated with an Outperform at RBC Capital... Esperion (ESPR) initiated with an Overweight at Barclays... Five Below (FIVE) initiated with a Market Perform at FBR Capital... Intercept (ICPT) initiated with an Overweight, $450 target at Barclays... Johnson Matthey (JMPLY) initiated with a Buy at Jefferies... Nike (NKE) initiated with a Buy at Jefferies... RTI Surgical (RTIX) initiated with a Buy at Sidoti... TeleNav (TNAV) initiated with an Outperform at Northland... Trevena (TRVN) initiated with an Equal Weight at Barclays... Vectrus (VEC) initiated with a Hold at Stifel.
05:44 EDTNKENike initiated with a Buy at Jefferies
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May 19, 2015
07:27 EDTADDYY, NKESkechers moves into second place in U.S. sports footwear market, WSJ says
Skechers (SKX) moved past Adidas (ADDYY) and into second place, behind Nike (NKE), in the U.S. athletic footwear market, reports the Wall Street Journal. Reference Link
May 14, 2015
06:38 EDTADDYYadidas sees India among top five markets by 2020, Times of India says
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May 12, 2015
08:28 EDTADDYYadidas CEO says no approach made on large stake or takeover, Reuters says
Despite a Manager Magazin report last September that activist investors were considering taking a stake in adidas and pushing for change, CEO Herbert Hainer told journalists that "nobody has approached us because they want to buy the company or buy a large number of shares," according to Reuters. Adidas' CEO defended the hiring of Perella Weinberg Partners as advisers to help fend off any potential hostile bids, stating that the company "just [wants] to make sure that anybody who invests has the right intentions," the report added. Reference Link
May 8, 2015
06:32 EDTNKENike to promise 10,000 new U.S. jobs if trade pact approved, NY Times reports
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