August 15, 2019
After a day in which global stock markets were routed on worrisome economic data and fears of an escalation in the trade war between the U.S. and China, Beijing said it would retaliate against the U.S. if the Sep. 1 List 4A tariffs go into effect and scheduled military exercises near Hong Kong in a clear warning to demonstrators.
Attorneys representing lawyer Michael Avenatti filed a motion Wednesday to dismiss his indictment on allegedly extorting Nike, which includes allegations of misconduct by Nike officials in offering under-the-table payments to the families and handlers of future NBA players while in high school.
Rebel Sports sales increased 4% in the fiscal year ended Jun. 29 to A$1,016.4 million ($711.8 mm) from A$979.2 million as comp store sales grew 3.3%, and EBIT was up 3% to A$93.8 million ($65.7 mm) from A$91.5 million.
Second quarter net income was NT$241,163,000 ($7.7 mm) against a loss of NT$145,466,000 last year at the Taiwan-based Matrix, Vision and Horizon Fitness parent, as revenues jumped 24% to NT$5,615,217,000 ($179.3 mm) from NT$4,515,643,000.
Adjusted sales for sporting goods/hobby/book and music stores fell for the 20th straight month, but just barely, with a 1% decline in July to $6,485 million from $6,519 million, according to Commerce Dept. data.