Adidas to Restructure Reebok Brand
Updated Nov. 3, 2016 6:29 a.m. ET Adidas AG’s new boss gave a first insight Thursday into his plans for the company’s future, announcing that he would restructure parts of its U.S. business, but the German sportswear company’s shares fell on concerns that its earnings momentum may have peaked. Kasper Rorsted, who became Adidas’s chief executive in October, said he planned to streamline the Reebok brand and create a new global team solely dedicated to the unit. Next year he pl..>> view originalWall Street Journal Slashes Print Pages, Arts and Local Coverage Due to Shrinking Ad Sales
The Wall Street Journal will combine sections and trim the size of its print edition to cope with advertising declines, the company announced on Wednesday. The new version of its print edition will start Nov. 14 and combine several sections and reduce the size of some coverage areas. Coverage of arts, culture and local news will take a hit but Journal execs promised that business coverage will “remain largely the same.” “All newspapers face structural challenges and we must move to create a pr..>> view originalEMERGING MARKETS-Egypt assets jump on currency float, EM stocks at 7-wk lo...
LONDON Nov 3 Egyptian stocks and bonds jumped on Thursday as a long-awaited currency devaluation materialised, but broader emerging equities fell to seven-week lows, hit by polls showing a close race for the U.S. presidency.Egypt's blue chip equity index soared 8.3 percent and sovereign dollar bonds rallied as much as 2 cents across the curve after the central bank devalued the pound by around a third and raised interest rates by 300 basis points.A floating currency was a key plank of an Inte..>> view originalProtesters And Law Enforcement Continue To Clash Over Pipeline
(Top) Gregory Schaffer holds up a mirror to "show the police how they look" while protesting in the Cannonball River. (Left) Protesters wade into the Cannonball River as others (right) pray and hold flags while marching across a wood pedestrian bridge across a creek north of the main protest camp. Emily Kask for NPR hide caption toggle caption ..>> view originalWhole Foods says there are limits to deep discounts, not in a 'race to the bottom'
Whole Foods Market management said the grocery industry remains "very tough" and despite growing its new 365 by Whole Foods value-focused stores, the company insisted there was a limit to embarking on any deeply discounted program. "Promotions and price investments are an integral part of our conversation but we are not participating in a race to the bottom," said John Mackey, co-founder and co-CEO of Whole Foods on the company's fiscal fourth-quarter earnings call Wednesday. The compan..>> view originalHow, prosecutors say, a DirecTV executive kept cable companies from adding the Dodgers channel
It all started with the Lakers.In 2012, after Time Warner Cable had acquired the rights to televise L.A. Lakers games and with the 2012-13 NBA season about to start, the company managed to sell its new — and pricey — Lakers channel to every major cable provider in Southern California. With Time Warner Cable reportedly asking $3.95 per subscriber per month, satellite TV provider DirecTV held out, but ultimately capitulated as it feared losing customers to other services. And that experience, fe..>> view originalTrump-effect grips world stocks, dollar
LONDON World stocks wallowed near a four-month low as U.S. election uncertainty knocked the dollar, and futures pointed to the longest losing streak for the S&P 500 since the 2008 financial crisis. Investors were unsettled by media reports that some agents at the FBI had wanted to press ahead with an investigation of the Clinton Foundation, the latest twist in a long-running investigation into Democratic candidate Hillary Clinton's use of a private email server while she was secretary of st..>> view originalFacebook Profit Soars, but Growth Concerns Emerge
Facebook Inc., now on pace to reach $27 billion in revenue this year, is defying the slowdown in growth that usually comes with increasing size. The social media giant said Wednesday that third-quarter revenue soared 56% to $7 billion and its quarterly profit nearly tripled to $2.38 billion, as it reaps the spoils of its dominance in mobile...>> view originalAir France Plans No-Frills Airline to Serve Asia, US
Nov. 3, 2016 5:38 a.m. ET PARIS—Franco-Dutch airline operator Air France-KLM plans a new medium-haul and long-haul budget airline that could tap the lucrative market serving cities in the U.S. and Asia to recapture market share lost to expanding low-cost rivals and Middle Eastern carriers. The new airline, set to start flying on routes to Asia in the winter 2017, would take over some of the least profitable Air France services and will operate them with staff on lower salaries..>> view originalS&P posts 7-day slide as US election fears linger; Fed holds rates steady
"I still think that the election is the bigger fear in the market than the Fed, but the fact that [Boston Fed President Eric] Rosengren didn't dissent does in fact point to a December move," said Quincy Krosby, market strategist at Prudential Financial. "But the market may be wondering if there's enough evidence of a stronger economy to warrant a rate hike versus a belief that Chair Yellen needs to replenish her tool kit in the event of a weakening economic backdrop." Rosengren was one of ..>> view original
Thursday, November 17, 2016
Adidas to Restructure Reebok Brand and other top stories.
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