Tony Khan Buys TrueMedia Networks CDI's '14 Net Income Down 16% From '13 Nike Signs Mariota To Endorsement Deal Carlyle Group Buying PrimeSport From Clearlake Puma Misses Q4 Earnings Estimates WWE Posts Big Revenue Gains In Q4 Stats LLC Acquires Automated Insights Under Armour Tops $3B In Revenue For First Time Disney's Cable Division Income Hurt By ESPN WWE's Stock Shoots Up After OTT Announcement
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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).