Laura Ries, Ries and Reis president, offers insight on Nike and Radio Shack both dropping Lance Armstrong over his doping scandal.
Aaron Kwittken, Kwittken + Company Worldwide CEO, discusses whether Nike did the right thing.
NEW YORK-- CONTRACT ENDED: Nike Inc. said Wednesday that it is terminating Lance Armstrong's contract, citing insurmountable evidence that the cyclist participated in doping and misled the clothing and footwear company about those activities for more than a decade.
NEW YORK-- Nike has severed ties with cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company about those activities for more than a decade. "Nike does not condone the use of illegal performance enhancing drugs in any manner," it said in a statement.
AUSTIN, Texas-- Lance Armstrong is stepping down as chairman of his Livestrong cancer-fighting charity to it can focus on its mission instead of its founder's problems. Armstrong's announcement came minutes before Nike Inc., announced it is terminating its personal contract with him.
NEW YORK-- Nike is severing ties with famed cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company for more than a decade. The clothing and footwear company said Wednesday that it was ending Armstrong's contract "with great sadness."
Nike has announce it is ending its contract with Lance Armstrong, due to seemingly insurmountable evidence that he participated in doping and misled Nike, reports CNBC's Andrew Ross Sorkin.
The International Olympic Committee has signed a deal with U.S. sportswear giant Nike to supply uniforms and products to members and staff. IOC members will wear Nike outfits at the 2014 Winter Games in Sochi, Russia, and 2016 Summer Olympics in Rio de Janeiro, as well as various other meetings and events.
AUSTIN, Texas-- Lance Armstrong can never ride again in the world's top cycling races. His cancer-fighting foundation, however, plans to plunge ahead, despite the sanctions laid on Armstrong by the U.S. Anti-Doping Agency and its blistering report that portrays the cyclist as cheating his way through seven Tour de France victories.
Consumers have embraced green products, ranging from hybrid cars to packaging made from recycled materials. Now they are also growing more demanding about sustainability claims.
MIAMI-- Two-time NBA champion Dwyane Wade is signing with Chinese sportswear provider Li-Ning, which is giving the Miami Heat guard his own brand within the company along with plenty of creative and strategic input.
The decision by European policymakers to “kick the can down the road” provided American companies more time to better position themselves, Jim Cramer said Monday.
As earnings season approaches, Jim Cramer’s researcher, Nicole Urken, takes a look at some China derivative plays.
OSLO, Oct 8- German sportswear company Puma. announced a range of biodegradable shoes and clothes on Monday, seeking to lead in protecting nature as it tries to catch up with rivals Nike and Adidas in sales.
*Taiwan's Fubon seeks 51 pct stake in First Sino Bank- sources* "Smooth communication" between Fubon, China regulators* Taiwan's Mega studying rival proposal By Faith Hung and Emily Chan.
MIAMI-- Dwyane Wade will not be wearing Jordan Brand sneakers and apparel. Wade said his time with Converse and Jordan has been an "unbelievable nine years." Wade made the switch from Converse to Jordan Brand in 2009. Both are owned by Nike Inc..
With the announcement of an 8-year deal with Fox and TBS — combined with a recent deal with ESPN (owned by Walt Disney) — MLB basically will double its television revenue. Fox, whose parent company is Rupert Murdoch's News Corp, will pay more than $500 million a year.
Selling high-priced yoga pants has been big business for Lululemon and CEO Christine Day remains confident in the company's competitive position.
The most intense competition might be for the space on players' wrists — and yours.
The athletic-gear maker's results beat market expectations, but margins were disappointing, sending the stock lower in after-hours trading.