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NEW YORK— Shares of Lululemon rose Friday after founder and former chairman Dennis "Chip" Wilson agreed to sell about half his shares in the company, averting a possible fight for control over the yoga apparel maker. Shares of Lululemon Athletica Inc. rose $1.19, or 3.1 percent, to $40.22 in late morning trading.
World Champion skier Lindsey Vonn and Under Armour are betting big that their latest campaign will strengthen sales of women's sports apparel.
Under Armour CEO Kevin Plank says his company is embracing not only the female athlete, but the athletic female, and is not scared of competition in the fitness apparel industry.
Investors would hope they didn't sell the 13 S&P 500 stocks that have blasted 25% higher or more since May 1. USA Today reports.
*Caterpillar drags on Dow; Facebook stock at record on results. NEW YORK, July 24- U.S. stocks ended a quiet session on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high. Recent gains on Wall Street have been fueled by earnings, which have been strong this quarter.
*Caterpillar weighs on Dow, Facebook hits record on results. NEW YORK, July 24- U.S. stocks barely budged on Thursday as corporate earnings painted a mixed picture of the economy, though the S&P 500 eked out a record intraday high for the third straight session.
Some of Thursday's midday movers:
July 24- Sports apparel manufacturer and retailer Under Armour Inc raised its full-year sales forecast for the second time, citing "increased confidence" in its footwear and international businesses. Shares of Under Armour, which sponsored the 2014 U.S.
NEW YORK, July 24- The S&P 500 hit a record high for a third straight session on Thursday, lifted by jobs data and earnings, but a weak reading in new home sales kept other key stock indexes little changed.
July 24- Sports apparel manufacturer and retailer Under Armour Inc's quarterly revenue rose by than a third as it benefited from growing interest in fitness among women and young people, and the company raised its full-year sales forecast.
Some of the names on the move ahead of the open.
July 23- Sports apparel retailer Under Armour Inc's quarterly revenue rose by more than a third as warmer weather in May and June drove demand for sports apparel and shoes. The company's net profit rose marginally to $17.7 million, or 8 cents per share, in the second quarter ended June 30, from $17.6 million, or 8 cents per share, a year earlier.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
The "Fast Money" traders share their final trades of the day.
The U.S. is looking into allowing all of its veterans who served honorably to shop online at exchanges that sell discounted, name-brand goods.
44 S&P 500 stocks reported they were founded in the '90s, and they have gained an average of 29.5% in the past 12 months. USA Today reports.
Sport shoes maker Skechers said it filed a lawsuit against Reebok, alleging infringement of patents related to the company's Go Walk shoes.
June 19- Sport shoes maker Skechers USA Inc said it filed a lawsuit against larger rival Adidas AG's Reebok International Ltd, alleging infringement of patents related to the company's Go Walk shoes.
TORONTO June 12- Lululemon Athletica Inc cut its financial forecasts and warned that second-quarter sales were off to a weak start, sending shares of the struggling yogawear retailer down 15 percent even as it announced a new stock buyback program.
Retailers have certainly been sending the Street mixed messages. The conclusion, however, may be crystal clear.