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Stock Market & Financial Investment News

News Breaks
July 10, 2014
06:42 EDTADDYY, NKENike 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
News For NKE;ADDYY From The Last 14 Days
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January 28, 2015
08:47 EDTADDYY, NKEAdidas CEO has no intention to resign despite losses to Nike, Reuters says
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January 23, 2015
12:39 EDTNKElululemon rises after JPMorgan analyst says EPS can more than double
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06:36 EDTNKElululemon upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded lululemon (LULU) to Overweight saying its recent field work has indicated positive traffic and demand trends while management is laying the foundation for sustainable growth. The firm raised its price target for shares to $75 from $50. The retailer of athletic apparel closed yesterday up 90c to $63.76. JPMorgan notes that its $75 price target reflects a 20% discount to peers Nike (NKE) and Under Armour (UAUA).
06:23 EDTADDYYadidas to sell Rockport to entity formed by Berkshire Partners, New Balance
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