U.S. stocks rose on Thursday, extending gains into a fourth session.» Read More
Nike, the world's largest maker of athletic shoes and clothing, has agreed to buy Umbro in a deal that values the British sportswear firm at 285 million pounds ($580 million).
Nike, the world's largest athletic shoe and clothing maker, is behind an acquisition approach for British sportswear firm Umbro, sources familiar with the matter said on Thursday.
Nike, the world's largest athletic shoe and clothes maker, would see revenue growth in China increase at 50 percent per year and sales reach $1 billion within a year, CEO Mark Parker said on Thursday.
With the Cleveland Cavaliers playing the Orlando Magic in China, I decided it would be good to run our story on the marketing of LeBron James on CNBC today. I sat down with him last week to discuss his endorsement roster and other things, including his relationship with Warren Buffett.
For LeBron James and a handful of talented colleagues, the NBA has done a lot more than an MBA could ever do.
Gatorade, which is owned by Pepsi, confirmed today that it signed a licensing deal with Tiger Woods. Last month, Golfweek Magazine reported that it was a five-year deal and that it could be worth up to $100 mill
After 10 years Nike is finally breaking out. How should you trade?
It's a big day for Michelle Wie today. It's her 18th birthday as well as her second anniversary from the day she announced she was turning pro. But things are not too rosy for the 6-foot-1 Korean American from Hawaii. Since turning pro she hasn't won any of the 16 LPGA tournaments and she still hasn't made a PGA Tour cut. Too lofty expectations? Perhaps...
My sources at Nike are telling me that if, as expected, sprinter Marion Jones admits to using steroids during the 2000 Olympic Games, the company will not seek to recover endorsement money it paid her.
Earlier this week, I sat down with seven-time Tour De France champion Lance Armstrong. Here's a transcript of our conversation: Darren: When Nike came up with the idea to do "Livestrong" bands to raise money for cancer through your charity, the Lance Armstrong Foundation, what did you think?
Some of the best business stories are behind the emerging Cinderella. I covered Gonzaga's merchandising boom from their NCAA Tournament runs and Boise State's merchandising royalty run as they became the most prominent non-BCS football program in the land.
There is no team in professional sports that works harder to get season ticket holders than the New Jersey Nets. I’ve been to homes where they’ve catered a party for a high net worth season ticket holder to try to convince his friends to buy seats. And I’ve been to a playoff game where Nets general manager Ed Stefanski gave a speech to wavering season ticket holders at halftime to convince them to commit to another season.
Congratulations to ESPN The Magazine and BusinessWeek for putting together an awesome sports business issue. It's a must-read if you like the business of sports. Their Power 100 is of course meant to be debated, so I'm going to make a couple comments here.
Just when you thought that all the advertising space was occupied on the field, here comes the folks from EyeBlack.com. The company will sell millions of pairs of EyeBlack--yes, the stuff that's supposedly used to cut down on glare--with college and high school logos on it this year.
Stocks closed higher after strong corporate earnings and a weaker yen encouraged investors already re-energized by recent rate cuts by the Federal Reserve. "With the yen weaker today you're seeing some money flow back into some of the riskier assets, U.S. stocks included," said David Lutz, senior trader at Stifel Nicolaus.
European stocks closed the week moderately higher, but volatility is seen ahead as investors worry about the effects of soaring oil prices and a weaker dollar on inflation in the U.S.
Nike beat estimates and had impressive growth globally--50% increases in sales in China! Nike is typical of the new breed of truly international companies: International sales are now 60% of total sales.
Oil might be above $80 a barrel, but Texas billionaire Boone Pickens probably has mixed emotions these days. Why? Because his Oklahoma State football team is not good. I'm a big college football fan and I thought they actually had a chance to show up atop the Big 12 this year, yet his Cowboys got waxed by Troy 41-23 last Friday (Boone flew in to Troy, Ala. for it).
Nike said first-quarter earnings per share jumped 51% to $1.12, versus 74 cents in the year-ago quarter, beating Wall Street estimates.
Two days after Federal Reserve Chairman Ben Bernanke got a vote of confidence from the markets for the Fed's half point rate cut, he and Treasury Secretary Henry Paulson head to Capital Hill for a hearing on the mortgage mess. They appear before the House Financial Services Committee starting at 10 a.m. Thursday.