Quote of the Day
"At home trying on the Olympics clothes! Better if I don't opine, I will leave it up to you guys..."-- Spanish athlete Saul Craviotto, tweeting on the country's Olympic uniforms that have prompted a social media storm of criticism, and, evidently, a run on sales in London. (CONTEXTO.com.ar, 7/18)
Top Stories
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An Early Kickoff
ManU is expected to launch its IPO in N.Y. "as early as next week, for pricing in early August," after earlier attempts in Hong Kong, Singapore and the U.K., according to Stephen Lacey of REUTERS. The time table "marks a change from the original schedule" to proceed after the U.S. Labor Day holiday on Sept. 3. In another change, the club is now "looking to raise" $300M on the IPO, less than the $500M previously contemplated. The decision on timing and sizing is still "fluid and could change, depending on the regulatory review process." Jefferies is lead-left bookrunner in a syndicate that also includes Credit Suisse, JP Morgan, Bank of America Merrill Lynch and Deutsche Bank.
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Everybody's A Critic
Spain's Olympic uniform draws an outpouring of scorn, derision on social media.
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A New Set Of Wheels
Bundesliga champion Borussia Dortmund takes on automaker Opel as sponsor.
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Upping Their Game
BBC responds to criticism of golf coverage by adding Faldo, extending hours.
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Le Grand Benefit
French government could net up to $56M from PSG's signing of Ibrahimovic.
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Walking Off The Job
Border Agency staff at Heathrow say they will strike on day before Games open.
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High-Speed Salesman
Ferrari driver Alonso is F1's marketing champ with $9-10M in sponsorship deals.
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Small Town Company
Adidas plans to open 600 stores in China this year, focusing on lower-tier cities.
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A Short Lifetime
FIFA's lifetime ban for Bin Hammam is overturned by court of arbitration.
