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Russian curling medalist tests positive for banned substance: report
A Russian athlete has failed a preliminary doping test at the Winter Olympics in Pyeongchang, South Korea, the New York Times reported Sunday. Alexander Krushelnytsky, who won a bronze medal with his wife in mixed-doubles curling, reportedly tested positive for traces of meldonium, a heart medication that the World Anti-Doping Agency has banned as a performance-enhancer since 2015. A second test will be applied, and if positive, the bronze medal may be stripped. The result is another embarrassment for Russian athletes, after the International Olympic Committee banned Russia from the Winter Games for systemic doping, although it allowed about 160 Russian men and women to compete under the moniker Olympic Athletes From Russia. Those athletes had to pass strict tests to compete at Pyeonchang. Meldonium is the same substance that tennis star Maria Sharapova tested positive for in 2016, leading to a 15-month suspension.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Nike Inc Declares $0.20 Quarterly Dividend
* NIKE, INC. DECLARES $0.20 QUARTERLY DIVIDEND
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Olympics-U.S. snowboarding golds spark jacket sales
* Fanatics said it sold thousands of jackets. * Snowboarding now No. 2 seller behind hockey, surpasses curling. * $90 pyjama a surprise top seller. By Liana B. Baker. Sports e-commerce company Fanatics said that sales of a $300 Nike Inc Team USA jacket have spiked following United States' Chloe Kim and Shaun White winning gold medals, making jackets its highest grossing Olympics category.
BRIEF-Pershing Square Capital Management Takes Sole Share Stake In Nike, Raises Sole Share Stake In Mondelez
Nike Inc(NKE): * PERSHING SQUARE CAPITAL MANAGEMENT TAKES SOLE SHARE STAKE OF 5.8 MILLION CLASS B SHARES IN Nike Inc(NKE) - SEC FILING. * PERSHING SQUARE CAPITAL MANAGEMENT RAISES SOLE SHARE STAKE IN MONDELEZ INTERNATIONAL TO 23.3 MILLION CLASS A SHARES FROM 13.9 MILLION CLASS A SHARES.
Nike, IBM Boost DJIA on Wednesday
Nike, American Express Lead DJIA Higher Friday
No Samsung phones, Nike uniforms for N.Koreans? Sanctions cloud Olympic perks
* Tough sanctions, laws cause headaches for S.Korean officials. * Permission needed for flights between North and South. * Perks such as high-end phones, equipment might breach sanctions. * For multimedia coverage: https://www.reuters.com/north-korea/ By Hyunjoo Jin and Christine Kim.
Nike pins hopes on new extra-springy Epic React running shoe
Nike creates the new Epic React, using a foam created by designers and chemists working side by side
Nike hopes runners will respond to the new "Epic React''
Nike creates the new Epic React, using a foam created by designers and chemists working side by side
Nike at two-year high as analysts tout margin benefits of direct sales
(Reuters) - Nike Inc's shares surged to a two-year high on Friday after two Wall Street brokerages said the footwear maker's profitability would soon reap the benefits of its recent move to sell directly to consumers.
Nike's stock jumps after rating, price target raised
Shares of Nike Inc. rallied 1.1% in premarket trade Friday, after the athletic gear company was upgraded at Wedbush, which cited increasing confidence that an inflection in margin and a return to growth in North America will materialize in fiscal 2019, which begins in June of this year. Analyst Christopher Svezia raised his rating to outperform from neutral, and boosted his stock price target to $74 from $57. He said fiscal fourth-quarter 2018 results, which ends in May, should show overall gross margin expansion for the first time in 10 quarters, as pricing pressure on footwear subsides and direct-to-consumer sales increase. In addition, Svezia said there are more "tangible product drivers to the story around casual and lifestyle that should resonate and be more impactful to consumers." The stock has soared 21.7% over the past three months, while the Dow Jones Industrial Average has gained 12.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tennis-Players get a 'sweet' Nike deal at Australian Open
As Bulgaria's Grigor Dimitrov and Andrey Rublev of Russia battled on the blue courts at Rod Laver Arena on Friday, it was Nike's (NKE) court Melbourne collection that most stood out.
BRIEF-Avangrid Renewables Signs PPA With Nike For Portion Of New Texas Gulf Coast Wind Farm
* AVANGRID RENEWABLES SIGNS PPA WITH NIKE FOR PORTION OF NEW
GULF COAST WIND FARM
Nike names Dirk-Jan van Hameren CFO, succeeding Greg Hoffman
Nike Inc. has promoted Dirk-Jan "DJ" van Hameren to chief marketing officer, effective immediately. Van Hameren succeeds Greg Hoffman, who has been named vice president of global brand creative and marketing innovation, responsible for brand communications, brand design, and other areas. Van Hameren has worked with Nike for 25 years, and was most recently the vice president and general manager of Nike Sportswear. Nike shares are up 19.8% for the past year while the S&P 500 index is up 23.4% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Under Armour's stock sinks after Susquehanna swings back to bearish rating
Shares of Under Armour Inc. sank 3.7% in premarket trade Tuesday, after the athletic gear and apparel maker was downgraded at Susquehanna Financial, which cited "poor" brand management, worsened by a promotional environment. Analyst Sam Poser cut his rating back to negative, after raising it to neutral two months ago. He kept his stock price target at $11, which is 31% below Monday's closing price of $15.98. "Despite ongoing evolution within the ranks of [Under Armour's] senior management, we believe, based on proprietary checks and our industry experience, that Under Armour's brand position will continue to weaken before it is clear if it can be salvaged," Poser wrote in a note to clients. "We contend that, in order to reaffirm [Under Armour's] place as an aspirational sports brand, all Under Armour product must be pulled from Kohl's, DSW, and Famous Footwear." He said advertisements for Under Armour products from the "moderate" retailers are causing "better" retailers such as Dick's Sporting Goods Inc. and Hibbett Sports Inc. to "plan their Under Armour businesses down." The stock has lost 4.0% over the past three months, while rival Nike Inc. shares have soared 25.3% and the S&P 500 has gained 8.0%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Soccer-Nike advertise Coutinho name on Barcelona shirt
Sports apparel manufacturers Nike (NKE) have created a flurry of speculation around the future of Liverpool playmaker Philippe Coutinho after they appeared to use his name in an advertisement on their website to promote Barcelona apparel.
Nike Isn't Quite Doing It
Delivering Nike (NKE)' s second-quarter results on Thursday, Chief Executive Mark Parker spoke of the sportswear company "unleashing a relentless flow of innovation at a scale that our industry has never seen." Such talk may not comfort investors much longer. Shares were down 6% in Friday morning trading.
Health care and bank stocks pull US indexes slightly lower
US stocks are slightly lower in early trading as Nike sinks, pulling other athletic retailers lower. Technology companies and banks are also taking small losses.
Wall Street slips as Nike, UnitedHealth drag
(Reuters) - Wall Street's major indexes slipped in thin pre-holiday trading on Friday, pressured by losses in Nike and UnitedHealth.
US STOCKS-UnitedHealth, Nike weigh on Dow
* Celgene falls after follicular lymphoma regimen fails
Nike's N. America weakness to weigh on current-quarter revenue
Nike Inc(NKE) forecast on Thursday muted current-quarter revenue growth, highlighting the world's largest footmaker's struggles to regain market share in North America from a resurgent Adidas. The company also said it expects gross margins in the current quarter to shrink by 125 to 175 basis points due to stronger dollar and higher costs related to new launches.
UPDATE 2-Nike's N. America weakness to weigh on current-quarter revenue
Dec 21 (Reuters) - Nike Inc forecast on Thursday
muted current-quarter revenue growth, highlighting the world's
largest footmaker's struggles to regain market share in North
America from a resurgent Adidas.
Nike shares wobble after hours following earnings beat
Nike Inc. shares traded between slight gains and losses in the extended session Thursday, following a gain in the regular session after the athletic gear company topped Wall Street estimates for the quarter. Nike shares last rose 0.2% to $64.88 after hours, following a 1.9% gain in the regular session. The company reported fiscal second-quarter net income of $767 million, or 46 cents a share, compared with $842 million, or 50 cents a share, in the year-ago period. Revenue rose to $8.55 billion from $8.18 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 40 cents a share on revenue of $8.39 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Long Island Iced Tea wants to be a bitcoin company
Bitcoin mania has reached a new level of insanity. A publicly traded company named Long Island Iced Tea Corp. (LTEA) -- which as the moniker implies is based on Long Island and makes iced tea -- is changing its name to Long Blockchain Corp. and wants to buy some firms in the cryptocurrency business. The stock surged nearly 200% on the news. This is madness, pure and simple.
What to Expect When Nike Reports After the Close
Amazon, Nike, Toys R Us among the top U.S. companies for diversity
Minority employees at these companies often rated their leaders and organizations higher than their white counterparts.
Caterpillar, Nike Push DJIA Higher Wednesday
CORRECTED-Zalando seeks more brand partnerships to fend off Amazon
BERLIN, Dec 13 (Reuters) - Europe's top online-only fashion
retailer Zalando is stepping up its fast-growing brand
partnerships programme, building on ties with the likes of Nike
and Superdry to repel the challenge of U.S. interloper
Converse capsule collection will include weatherproof Chuck Taylor sneakers
A 17-piece Converse capsule collection, Urban Utility, available on December 5 will include the Chuck '70 Hiker, a Chuck Taylor All Star shoe "reconstructed" with Gore-Tex. According to its website, Gore-Tex is waterproof, wind-proof and breathable. Converse is a Nike Inc. brand. The collection is the result of a collaboration between Slam Jam, an Italian streetwear company, and the artist Cali Thornhill Dewitt. "The capsule is inspired by a generation that rallies around community and freedom of expression, and for whom functionality means nothing if it's creatively limiting," said a Converse release. The collection will also include a jacket made out of Gore-Tex fabric, tees and hoodies. Nike shares are up 19.4% for the past year, just above the S&P 500 index , which is up 19% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Nike downgraded on lack of clarity in the U.S. market
Nike Inc. was downgraded to hold from buy at HBSC based on what analysts call a "blurred visibility" in the U.S. market. HSBC maintained it $62 price target. Nike shares fell 1.1% in Tuesday premarket trading. Analysts say 60% of Nike sales happen in "undifferentiated" wholesale channels, though that should decline to 20% in five years. Sales in "better Nike experiences" like its direct-to-consumer channels, will rise from 40% to 80%. "That is very good for brand equity and full-price sales, but there could be hiccups along the way," wrote analysts led by Erwan Rambourg. Still, analysts think Nike has the potential to produce high-single digit sales growth and mid-teens earnings in the medium term. Nike shares are up 17.3% for the year so far outpacing the S&P 500 index , which is up 16.2% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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