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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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October 23, 2014
09:22 EDTNKENike CEO 'bullish' on partnership with Apple
Nike (NKE) CEO Mark Parker made comments in an interview on Bloomberg TV. Reference Link
October 22, 2014
13:54 EDTNKENike expects womens business to reach $7B in revenue by FY17
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October 19, 2014
20:07 EDTADDYYInvestor group planning $2.2B offer for Adidas' Reebok business, WSJ says
A group of investors from Hong Kong and Abu Dhab are putting together a deal to buy Reebok from Adidas, says the Wall Street Journal. The investors plan to offer Adidas $2.2B for its Reebok business, added the Wall Street Journal. Reference Link
October 15, 2014
10:02 EDTNKEOn The Fly: Analyst Upgrade Summary
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08:28 EDTNKENike upgraded to Conviction Buy from Buy at Goldman
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06:12 EDTNKENike'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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