Business

Business

Nike dispute with runner Berian showcases reduction-clause fight

(c) 2016, Bloomberg. U.S. middle-distance runner Boris Berian is free to wear the shoes of his choosing at the Olympic Trials next week, after Nike Inc. dropped a breach of contract lawsuit against the 800-meter star. The case drew attention to the issue of so-called reduction clauses in...


Business

Pro-EU Scots, Northern Irish eye UK escape after Brexit vote

Ireland Britain EU

EDINBURGH, Scotland (AP) — The United Kingdom’s stunning vote to depart the European Union could end in the breakup of the U.K. itself. While majorities of voters in England and Wales backed the campaign to leave the 28-nation bloc, the U.K.‘s two other regions of Scotland and Northern Ireland...


Business

Hulk Hogan appointed to Gawker unsecured creditors committee

(c) 2016, Bloomberg. Hulk Hogan, whose invasion-of-privacy lawsuit drove Gawker Media into bankruptcy, was named to the official committee of unsecured creditors in the web company’s Chapter 11 case. The former pro-wrestler is listed under his real name, Terry Gene Bollea, on the roster of...


Business

Nordgold may look at Toronto listing instead of London on Brexit

(c) 2016, Bloomberg. Nordgold, the Russian miner controlled by billionaire Alexey Mordashov, may look to get a primary listing of its shares in Toronto instead of London after the U.K. voted to leave the European Union. “It’s a real shock and nobody yet understands what the final consequences will...


Business

Gold rally isn't over as buyers seek haven from Brexit aftermath

(c) 2016, Bloomberg. The fallout from the Brexit vote will mean even more gains for gold, which already surged to a two-year high on Friday as the world grappled with the economic impact of the U.K.‘s exit from the European Union. Prices could reach as high as $1,424 an ounce by the end of the year,...


Business

Nordgold may look at Toronto listing instead of London on Brexit

(c) 2016, Bloomberg. Nordgold, the Russian miner controlled by billionaire Alexey Mordashov, may look to get a primary listing of its shares in Toronto instead of London after the U.K. voted to leave the European Union. “It’s a real shock and nobody yet understands what the final consequences will...


Business

U.S. stocks tumble amid global selloff after U.K. Brexit vote

(c) 2016, Bloomberg. U.S. stocks tumbled the most since January, joining a selloff in global risk assets on speculation that the the U.K. decision to leave the European Union will hamper worldwide growth. Equities sank to session lows in afternoon trading, with the Dow Jones Industrial Average...


Business

Henkel to acquire Sun for $3.6 billion in biggest U.S. deal

(c) 2016, Bloomberg. Henkel agreed to buy laundry-detergents maker Sun Products Corp. for $3.6 billion as Chief Executive Officer Hans Van Bylen marked his first weeks at the helm with the German company’s biggest U.S. acquisition. The maker of Snuggle fabric softener generated annual revenue last...


Business

World markets roiled by Brexit as stocks, pound drop; gold soars

(c) 2016, Bloomberg. Global markets buckled as Britain’s vote to leave the European Union drove the pound to the lowest in more than 30 years while sparking demand for haven assets from U.S. Treasuries to gold. The Dow Jones Industrial Average fell 500 points, or 3 percent, led by a plunge in bank...


Business

SolarCity, Tesla ties spurring questions on board's independence

(c) 2016, Bloomberg. There’s only one member of SolarCity Corp.‘s board without ties to Tesla Motors. A few directors are related by blood, others are linked through longstanding personal and professional relationships and some have significant investments in both companies. As the solar company’s...


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