Louis Vuitton cuts America's Cup tie after 25 years
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Louis Vuitton has ended its sponsorship of the America's Cup after a 25-year link with sailing's most prestigious event, unhappy with the way it is being run and the direction it is taking under Swiss holder Alinghi.
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Limited Brands is cutting loose the brands that are dragging it down.
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La Louis Vuitton cup in diretta. Il team italiano ha vinto il sorteggio per l'ordine di partenza: nella prima regata ha la destra e il diritto di rotta
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On a day of shifting winds and swelling waves, the challenger from New Zealand took the lead in the America's Cup yesterday in a classic race in which it beat defending champion Alinghi and nearly lost a crew member overboard.
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Team New Zealand will push thoughts of a 24-year jinx aside on Sunday when they take on defenders Alinghi in their second America's Cup race after losing the first.
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VALENCIA, Spain  - It is match point for Alinghi at the America's Cup on Sunday.
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GENEVA, Switzerland -- The Golden Gate Yacht Club of San Francisco officially challenged two-time defending champion Alinghi for the next America's Cup.
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Alinghi won a thrilling photo finish over Team New Zealand and clinched the America's Cup on Tuesday, becoming only the third yacht to retain the 156-year-old trophy.
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WENGEN, Switzerland - Bode Miller won a downhill race yesterday on the Lauberhorn to match the American record of 27 World Cup wins.
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Simon Daubney, a four-time Americaâs Cup-winning crew member, failed a doping test in June and quit his Alinghi team yesterday. Daubney, who helped Alinghi, a Swiss syndicate, win its second straight Americaâs Cup trophy in July, faces an automatic two-year ban after testing positive June 23. The test was taken on the opening day of the competition, which Alinghi won, 5-2, over Emirates Team New Zealand in Valencia, Spain. Daubney, 48, who also won titles in 1995 and 2000 with Team New Zealand, denied knowingly taking a banned substance.
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The World Cup finally got a title sponsor Monday, but the team event that has struggled to attract top players from every country will no longer be part of the World Golf Championships when it begins a 12-year deal in China.
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The company has cut up to 25 percent off the price of two of its liquid-crystal display TV models.
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The luxury goods maker LVMH MoÃ«t Hennessy Louis Vuitton posted a sharp increase in its first-half earnings, helped by more stable international currency markets and strong sales from its wines and spirits, fashion and leather goods, and perfumes and cosmetic divisions. The company reported a first-half net profit of 817 million euros ($1.05 billion), up 46 percent from 559 million euros in the period last year. Operating profit jumped to 1.26 billion euros ($1.61 billion), up 35 percent from 935 million euros ($1.19 billion), the company said. LVMH, which is based in Paris, also reported a 13 percent jump in its first-half revenue to 6.97 billion euros ($8.92 billion), up from 6.17 billion euros a year earlier.
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French luxury group LVMH Moet Hennessy Louis Vuitton said it expected another year of significant earnings growth as it reported a 30 percent surge in 2006 net profit to 1.879 billion euros (2.5 billion dollars).
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Defying nearly all 31 America's Cups that have preceded it in the last 156 years, the match between Swiss defender Alinghi and challenger New Zealand is tied at two in the best-of-nine series.
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Italian sailing team Luna Rossa will  compete in the Louis Vuitton Cup in 2007 after America's Cup  holders Societe Nautique de Geneve accepted their challenge on  Thursday.
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Louis Vuitton on Friday lost a bag battle to stop competitors from imitating its famous "LV" logo style when a U.S. judge refused to order Dooney & Bourke to stop marketing a line with its "DB" monogram.