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Stock Market & Financial Investment News

News Breaks
July 7, 2014
06:24 EDTMANU, NKENike paid GBP 1M for selling GBP 100M of ManU replica kits, The Independent says
Nike (NKE) paid only GBP 1M in taxes for the past five years on its GBP 100M in Manchester United (MANU) replicak kits saies, reports The Independent. According to accounts filed with Companies House, the company funneled cloes to GBP 40M during the time to its Dutch business despite making most of its money in the U.K. Reference Link
News For NKE;MANU From The Last 14 Days
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July 27, 2015
06:36 EDTNKENike to pay $2.4M to FuelBand customers, AppleInsider reports
Under terms agreed upon in June, Nike (NKE) will pay $2.4M to customers who purchased a FuelBand product anytime between January 19, 2012 and June 17, 2015 to settle a class action suit leveled against itself and Apple (AAPL) in 2013, AppleInsider reports. Apple was named as a defendant in the suit, but holds no responsibility or liability for attorneys' fees or costs, the report says. The plaintiffs alleged that the Fuelband was unable to accurately track calorie burn, steps, and overall activity, the report says. Reference Link

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