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Stock Market & Financial Investment News

News Breaks
June 19, 2014
09:06 EDTADDYY, SKXSkechers sues Reebok for allegedly infringing on GO WALK footwear line
SKECHERS USA (SKX) announced that it filed a lawsuit against Reebok International Limited (ADDYY) for selling footwear that infringes on the popular SKECHERS GO WALK product line. The suit, filed in the United States District Court for the Central District of California, seeks compensatory and punitive damages as well as injunctive relief for infringing on SKECHERSí patent and trade dress rights and for unfair competition. The suit states that Reebok is selling the infringing products under the name Reebok Walk Ahead RS.
News For SKX;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 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
09:23 EDTSKXCitigroup to hold a tour
Athletic Footwear Mall Tour travels to Roosevelt Field Mall, Garden City, New York on October 8.
October 7, 2014
10:12 EDTSKXSkechers initiated with a Buy at Monness Crespi (pre-open)
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