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Nike faces headwinds in North America and future orders

2016-06-29 13:10:00| Daily apparel & textile news and comment - from just-style.com

Shares in Nike Inc fell 7% to $49.31in after-hours trading as the sporting goods giant reported a disappointing fourth quarter that saw profits slip, flat sales in North America, and first quarter guidance described as "significantly worse" than expected.

Tags: north future america orders

 

America Movil agrees to pay USD 1.1 mln to settle FCC probe

2016-06-29 09:08:00| Telecompaper Headlines

(Telecompaper) Puerto Rico Telephone Company (PRTC) and parent company America Movil have agreed to pay USD 1.1 million to settle a Federal Communications Commission (FCC) investigation into foreign ownership levels. In a statement the FCC said stock purchases of America Movil by its owner Carlos Slim and his family "repeatedly exceeded the foreign ownership levels approved by the Commission". The companies have each agreed to adopt compliance plans to prevent future stock purchases by the Slim family that would exceed foreign ownership limits without first receiving the agency's review and approval.

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America Movil settles Puerto Rico ownership violations with FCC

2016-06-29 02:00:00| Total Telecom industry news

Mexican operator to pay US$1.1 million, agrees to new compliance plan.

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Ikea recalls Malm drawers in North America after child deaths

2016-06-28 12:42:10| BBC News | Business | UK Edition

Ikea is to recall 27 million Malm chests of drawers in North America after the deaths of three children in the US.

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Obama's New Clean Energy Goal For North America: 50 Percent By 2025

2016-06-28 11:28:00| Climate Ark Climate Change & Global Warming Newsfeed

National Public Radio: President Obama and his counterparts from Canada and Mexico are preparing to unveil an ambitious new goal for generating carbon-free power when they meet this week in Ottawa. The three leaders are expected to set a target for North America to get 50 percent of its electricity from nonpolluting sources by 2025. That's up from about 37 percent last year. Aides acknowledge that's a "stretch goal," requiring commitments over and above what the three countries agreed to as part of the Paris climate...

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