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In Expected Move, Judge Rules Against N.J.'s Sports Gambling Bid

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U.S. District Court Judge Michael Shipp on Friday night ruled that the state of New Jersey "cannot partially lift a prohibition on sports betting in an effort to boost the state’s struggling horse racing and casino industries." The decision "was the expected outcome, since the judg...

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09/25/98
THE EMERGENCY WARD? RUSSELL CEO LOOKS TO COMPETE GLOBALLY

Russell Corp. CEO Jack Ward called the 4,000 layoffs which will take place at the AL-based company over the next three years "upsizing," according to Roy Williams of the BIRMINGHAM NEWS. Ward said tha

Tags: Finance, Nike

09/24/98
NIKE SAYS BETTER DAYS AHEAD WITH JORDAN BRAND LEADING WAY

At Nike''s annual meeting yesterday in Memphis, company execs introduced "a new line of Michael Jordan footwear and apparel and updated plans to address the international wage, environmental and socia

Tags: Finance, Nike, PricewaterhouseCoopers

09/23/98
NIKE HAS REASON TO BELIEVE IT WILL BE RECEIVED IN GRACELAND

Nike officials and shareholders attending the company''s annual meeting this morning "will consider proposals that could result in a cap on executive compensation and prohibit some board members from

Tags: Finance, Nike

09/23/98
SELL, SELL, SELL: VENATOR TO UNLOAD EUROPEAN OPERATIONS

In "yet another move to improve its sagging results," Venator Group said it will sell its "lackluster" Woolworth operations in Germany for $552M, according to Yumiko Ono of the WALL STREET JOURNAL. Ve

Tags: Finance, Foot Locker/Venator Group

09/18/98
NIKE TOPS EXPECTATIONS, STILL FALLS BELOW '97 REVENUE LEVELS

Nike "topped expectations" for ''98 first quarter "profit but continued to be hurt by weak footwear sales and orders in Asia and the U.S. market," according to Don Clark of the WALL STREET JOURNAL. Ni

Tags: Finance, Nike, NikeTown

09/17/98
KINNEY TRANSPLANT: VENATOR TO CLOSE TWO SHOE-STORE CHAINS

Venator Group, "in another step to bolster flagging results and narrow its focus, announced plans to close two weak shoe-store chains" that have accounted for 7% of sales, according to Yumiko Ono of t

Tags: Finance, Foot Locker/Venator Group, Time Warner

09/16/98
RAWLINGS WARNS WALL STREET: EXPECT LOSSES DUE TO BAT SPAT

Rawlings Sporting Goods "warned Tuesday that it would post a bigger-than-expected quarterly loss" because it discontinued some bat lines to prepare for new NCAA rules, according to Christopher Carey o

Tags: Finance, NCAA

09/14/98
MOUSETRAPPED? DISNEY WARNS WALL STREET OF LOWER EARNINGS

Walt Disney Co. on Friday "warned Wall Street" that its earnings in the fourth quarter "will be sharply off as a result of slower business overseas, poor prime-time ratings at the ABC network and vari

Tags: ABC, ESPN, Finance, NFL, NHL, Walt Disney

09/11/98
VENATOR GROUP PULLS OFFER TO ACQUIRE THE SPORTS AUTHORITY

The Venator Group, "citing adverse stock market conditions, cancelled plans to acquire" The Sports Authority (TSA), according to Yumiko Ono of the WALL STREET JOURNAL. Venator agreed to acquire TSA in

Tags: Finance, Foot Locker/Venator Group, The Sports Authority

09/11/98
COBRA PLAYS THROUGH TOUGH CONDITIONS, DISMISSES REEBOK SALE

Wally Uihlein, President of MA-based Acushnet, parent company of Cobra Golf, denied rumors that Cobra "would be sold to Reebok," according to Don Bauder of the SAN DIEGO UNION-TRIBUNE. However, Cobra

Tags: Finance, Acushnet, Reebok

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