World Cup lifts Adidas profits
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The World Cup soccer tournament helped lift Adidas profits in 2006, but the German sportwear maker warned Wednesday that earnings growth would slow this year because of difficulties at US unit Reebok.
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Porto of Portugal outscored Once Caldas of Colombia 8-7 from penalty shootouts to win the World Club Cup in Yokohama, Japan on Sunday.
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Profits got a boost despite sluggish sales from the challenging environment.
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Nike Inc. , the world's largest athletic shoe company, on Monday reported higher quarterly profit on strong demand for its namesake products in the United States.
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Nike Inc  said on Wednesday that quarterly profit jumped 10 percent, topping Wall Street estimates, on strong international demand and higher margins, sending shares up 2 percent in after-hours trade.
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LONDON: Manchester United said on Tuesday US sports tycoon Malcolm Glazer had lifted his stake in the worldâs richest soccer club to 27.
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Nike Inc  posted on Thursday  a 51 percent rise in quarterly net profit, helped by a tax  benefit and a weak-dollar boost to revenue, and its shares rose  1.6 percent as the results topped Wall Street targets.
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Adidas, the German maker of sportswear and equipment, plans to launch the Internet site mercizidane.fr on Saturday to thank French football star Zinedine Zidane as he retires.
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Nike yesterday reported record second-quarter earnings of nearly $262 million as a weak dollar helped overseas sales, while domestic orders rebounded.
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UK bookmaker William Hill reports a 35% increase in annual profits thanks to stronger betting during the football World Cup.
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Nike Inc., the world&#39;s largest shoemaker, on Thursday said its profit grew 46 percent in the second quarter as its sales gained traction in the US, Chinese, Russian and Turkish markets.
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Nike Inc. NKE.N, the world's  largest athletic shoe company, on Monday reported a 25 percent  rise in quarterly profit, beating analysts' estimates, on  strong demand for high-end running and basketball shoes in the  United States.
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Nike Inc  posted on Thursday a 51 percent rise in quarterly net profit, helped by a tax benefit and a weak-dollar boost to revenue, and its shares rose 1.6 percent as the results topped Wall Street targets.
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Puma, the world's third-biggest maker of sportswear and equipment, has blamed marketing expenditure for the football World Cup for an eight-percent drop in net profit in 2006.
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Nike Inc. NKE.N on Thursday said its  second-quarter earnings rose a surprisingly large 46 percent on  strong sales in the United States and in emerging markets like  China, while a weaker dollar beefed up profits in Europe.
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England&#39;s first Rugby World Cup triumph a year ago generated profits of 13.5 million pounds ($29.8 million Cdn) despite the loss of revenue from a lack of home games.
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Athletic shoemaker says earnings jump on strong demand for its athletic shoes and Converse sneakers. NEW YORK  - Nike Inc.