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Nike Inc on Thursday warned Wall Street that growing pressures from weaker currencies in key emerging markets would take a big toll on its profit in the current quarter and into the next fiscal year. The maker of sports shoes and apparel also said sales in China would be unchanged or even down slightly this quarter, reawakening concerns it is having trouble finding its bearings in that market after signs of progress in recent quarters. Nike... Read more... Read more...
British Prime Minister David Cameron warned the Kremlin on Friday that Russia would face far reaching consequences if it sent troops into Ukraine after a referendum in Crimea which he said has been carried out under the barrel of a Kalashnikov. "Since we last met a sham and illegal referendum has taken place at the barrel of a Kalashnikov and... Read more...
ESPN is hoping that a U.S. audience will warm up to another sport that uses a bat and a ball to score runs in innings but that isn't baseball: cricket. The No. 1 sports cable network, which is controlled by Walt Disney Co, has decided to air live cricket for the first time on one of its fully-distributed cable networks, ESPN2, which reaches a U.S. audience of 96 million homes. ESPN is experimenting to see if the sport can gain traction in... Read more...