SBD/9/Finance

Print All
  • FINANCE NOTES

              GOLFWORLD's Steve Pike reports sources say ski industry
         manufacturer K2 "is interested in buying a golf-equipment
         company."  K2's plans, however, might be on hold because of
         "slumping" in-line skate sales.  The company projects a 42%
         decline in 3Q earnings and a 9% decline in revenue
         (GOLFWORLD, 10/3)....MO-based Rawlings Sporting Goods Co.
         Inc. lost $715,000 last quarter, but reported that profit
         for its fiscal year was up 3.8% to $5.4M (ST. LOUIS POST-
         DISPATCH, 10/8)....Tommy Armour Golf CEO Michael Magerman
         will take a leave of absence, designed to enable him to
         focus his energies on purchasing Tommy Armour Golf Company
         from U.S. Industries (Armour Golf).
    
    

    Print | Tags: Finance
  • STATE STREET WANTS TO BECOME SAFE ROAD FOR PRO ATHLETES

              MA-based State Street Research & Management Co. is
         creating a new division within its Private Client Group to
         provide investment management for professional athletes. 
         Run by former Bruin Derek Sanderson, State Street will offer
         its line of mutual funds and individually managed accounts
         to target the financial needs of pro athletes.  State Street
         President & CEO Ralph Verni: "Derek Sanderson is a well-
         known and highly regarded individual in both the sports
         world and business world. ... His knowledge and reputation,
         combined with our investment capabilities and experience,
         will make State Street Research the logical choice for
         professional athletes" (State Street Research).  In the
         FINANCIAL TIMES, John Authers reported that Sanderson
         "already has 90 clients under his wing, mostly from ice
         hockey," with combined projected salaries for the next year
         of $50M (FINANCIAL TIMES, 10/6).
    
    

    Print | Tags: Finance
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug