Nike Inc headed into the spring quarter with strong demand and improving margin trends, as the top sporstwear retailer forecast a strong year with plans to cash in on the Olympics. Nike Inc.’s (NKE) fiscal third-quarter earnings rose 7.1 percent as the athletic-goods maker’s evolving product slate led to higher world-wide sales, though margins fell [...]
Chaleo Yoovidhya of Thailand, who earned billions by creating and marketing Red Bull, the energy drink that has added a caffeinated jolt to countless all-nighters and parties, died on Saturday in Bangkok. Chaleo passed away on March 17 in Bangkok. He owned 49% of Red Bull GmbH, a venture he formed with Austrian entrepreneur Dietrich [...]
Subaru is recalling 275,391 Forester crossovers from the 2009-12 model years because the seat belt in the back seat’s middle position may not allow secure installation of a child-safety seat, according to the National Highway Traffic Safety Administration. 2009-2012 Subaru Forester The Problem: Subaru is recalling certain Foresters for rear center seatbelts that may not [...]
General Motors has divulged complete details of the drivetrain that will power the 2013 Chevrolet Malibu sedan. The new 2.0-liter turbocharged 4-cylinder Ecotec gasoline engine according to the company will be more powerful than any previous V-6 offered in a Malibu. So it has gone with the redone 2012 Hyundai Sonata and Kia Optima and [...]
Toyota Motor Corp. (TM, 7203.TO) plans to recall around 682,000 cars and trucks in the United States to fix some stop lamp switches while remedying a separate problem with its pickups’ steering wheel assemblies. On Wednesday, the auto maker disclosed an issue with about 495,000 Tacoma models ranging from 2005 to early 2009 that [...]
IHOP has declared its own special pancake day, and customers who visit the restaurant today get a free stack of buttermilk pancakes. In exchange, customers are asked to make a donation to Children’s Miracle Network Hospitals. The IHOP in Carson City will host its first major event today since the deadly shootings in September. The [...]
Oil prices climbed and were headed for a fifth straight weekly gain on Friday, but stocks rose as investors focused on bright spots in the global economy. Oil prices rose to a fresh 9-month high above $108 a barrel Friday in Asia amid signs the United States economy is improving against a backdrop of elevated [...]
Apple Inc. said it has acquired app-search engine Chomp, gaining a small team of app specialists and technology designed to ease the pain of finding apps. Apple Inc. (AAPL), the world’s most valuable company, acquired San Francisco-based Chomp Inc., which helps users sort through the widening array of software applications for mobile devices. The Cupertino, [...]
American International Group’s (AIG: 27.99, +0.32, +1.16%) fourth-quarter earnings rose 77 percent from a year ago on a large, one-time tax benefit. AIG’s operating profit of $1.6 billion, or 82 cents a share, beat analysts’ consensus estimate of a 63-cent profit per share. Operating profit excludes the tax benefit and some investment results. AIG shares [...]
Multimedia Editor Chris Amos shares his week with our long-term 2012 Mini Cooper S Coupe. When we first got our long-term Mini Cooper S Coupe, our editors spent 1 week behind the wheel, familiarizing themselves with the new 2-seater. Impressions were generally positive, as we each applauded the handling and power of the car, along [...]