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Stock Market & Financial Investment News

News Breaks
July 10, 2014
06:42 EDTNKE, ADDYYNike ends deal with Manchester United, NY Times reports
Nike (NKE) announced that it would no longer be the primary equipment manufacturer for popular English soccer team Manchester United after the coming season, according to The New York Times. The team's jerseys this year will include the Nike logo, the newspaper stated. Adidas (ADDYY) is likely to take Nike's place, in a deal that could be worth up to GBP750M over ten years, The New York Times quoted The Financial Times as saying. Reference Link
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September 15, 2014
07:28 EDTADDYYAdidas pressured for faster turnaround by big stakeholders, WSJ says
In meetings with Adidas representatives, large shareholders have put pressure on the company to accelerate its turnaround and discussed the possible removal of the company's longtime CEO Herbert Hainer, according to The Wall Street Journal, citing people familiar with the matter. Reference Link
September 9, 2014
06:20 EDTNKEForrester: Apple could sell 10M iWatches this year, FT reports
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