Nike
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Business quiz! Nike's third-quarter profit was big news because: a) It gave newspapers a chance to run yet another picture of Tiger Woods; b) Earnings more than doubled from a year earlier; c) North American sales rose for the first time in a year. Answer: all of the above. As the global economy gets back on its feet, sales of Nike's athletic shoes and clothing are surging - especially in Asia. |
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Nothing says "Help! I'm stuck in the 1990s" like a giant Tommy Hilfiger logo emblazoned on your shirt. But it doesn't seem to have deterred Phillips-Van Heusen , which shelled out $3-billion for the tiresome clothing label. Phillips, which also owns Calvin Klein, aims to capitalize on Tommy's popularity overseas, where people apparently still think it's cool to wear a garish flag on your chest. |
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FedEx had a special delivery for investors this week: A huge jump in quarterly profit. Lifted by surging export volumes from Asia, the world's second-largest package delivery company said third-quarter earnings more than doubled from a year earlier, prompting it to raise its 2010 earnings forecast. Sure, domestic volumes were basically flat. But they'll improve. One day. Maybe. |
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Not fun: Working in a coal mine all your life. Fun: Owning shares of Western Coal . Fresh from getting admitted to the S&P/TSX composite index, the company expects to increase coal production by 75 per cent in fiscal 2011 as it takes advantage of a sharply higher price. Oh, and it has more than enough cash to fund its growth. The only thing investors are shovelling is cold, hard cash. |
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The 11 words that investors dread most: "substantial doubt about our ability to continue as a going concern." Hobbled by debt and facing intense competition from Netflix, DVD vending machines and video-on-demand services, Blockbuster's stock has been sinking faster than a Jennifer Aniston romance. Without a restructuring, the company warned it could wind up in Chapter 11. |
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