Nike warned investors in its latest earnings results that overstocked inventories and the aggressive steps it is taking to reduce them weigh on profits. The overall inventories rose 44% to…
Following the release of preliminary results for fiscal Q1 on Friday, the company’s shares fell by 24 percent, reducing the company’s market cap by $12.5 billion. According to the analysts,…
Although Sperbank improved its forecast for the Russian banking sector, the chairman of Sperbank still expects losses. The new forecast is much more optimistic said German Gref when asked about…
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