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Stock Market & Financial Investment News

News Breaks
May 2, 2014
06:41 EDTNKE, ADDYYNike CEO says could move China manufacturing due to strikes, Reuters says
Nike (NKE) CEO Mark Parker said the company was contemplating moving its manufacturing within China after a major strike at a factory of one of it's major suppliers, Yue Yuen, according to Reuters, citing comments from Parker. Yue Yuen manufactures footwear for Nike, Adidas (ADDYY) and other worldwide brands. Reference Link
News For NKE;ADDYY From The Last 14 Days
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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
October 9, 2014
09:41 EDTNKEBofA/Merrill retail analysts hold an analyst/industry conference call
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06:10 EDTNKEStocks with implied volatility below IV index mean; NKE LULU
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October 8, 2014
12:46 EDTADDYYAdidas names Parkin Chief HR Officer to succeed Malessa
Adidas appointed Karen Parkin as Chief HR Officer effective November 1. Karen Parkin succeeds Matthias Malessa, who left the company at the end of July. Currently, Karen Parkin is responsible for the global supply chain function within the company. Jan Brecht, CIO of Adidas, will take on this function from November 1, in addition to his responsibilities as CIO. Reference Link

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