Under Armour Grabs New Manhattan Space Nike Goes With "Amarillo" For Michigan Color USA Hoops Photo Highlights Only Nike Nike, Under Armour Cleats Showcased At MLB ASG Analytics Company Catapult Buys XOS Digtial TSN Profits For FY '15 Only Down Slightly NextVR Draws $20M From Chinese Investor Berian At Center Of T&F Contract Debate Durant Could Impact Under Armour/Curry Int'l Speedway Corp. Lowers '16 Expectations
Published November 25, 1997
CNN's Lou Dobbs reported that Nike fell yesterday 2 1/8 to 48 3/4. Dobbs added that Donaldson, Lufkin and Jenrette trimmed Nike's earning estimates, expecting international sales to fall rapidly" ("Moneyline," CNN, 11/24)....PCH Investments, owners of L.A. Gear, said that the CA-based company "will default" on a November 30 payment "on certain notes, and added that it hasn't paid cash dividends on its preferred stock." The stock closed down $0.0625 to $0.625 (WALL STREET JOURNAL, 11/25). CNBC's Terry Keenan: "Another sign ... that L.A. Gear may be in a lot of financial difficulty. The retailer of athletic footwear says that it has, quote, insufficient resources, to pay interest on some of its outstanding debt" ("Market Wrap," CNBC, 11/24).