How Stephen Curry's big season is — and isn't — reshaping the sneaker wars
Stephen Curry of the Golden State Warriors shoots during a game against the Memphis Grizzlies. (Thearon W. Henderson/Getty Images) Stephen Curry and his killer three-pointers have already propelled the Golden State Warriors into the record books this year, giving the team more wins than the Michael Jordan-led Chicago Bulls notched in its championship 1995-96 season. Curry’s gangbusters performance has propelled blazing sales of his Under Armour Curry One and Curry Two sneakers. And while ..>> view originalUPDATE 1-Barclays Q1 profit falls 33 pct as investment banking slowdown bites
* Q1 profit 793 mln stg (consensus: 846 mln)* Investment banking revenues plunge 31 pct* In talks to sell French retail unit (Adds details on sale of French retail unit, bad loans)LONDON, April 27 Barclays reported a worse than expected 33 percent slump in pretax profits for the first three months of the year, as the lender followed its U.S. peers in reporting falling investment banking revenues in a weak global market environment.Barclays said first quarter pretax profits fell to 793 millio..>> view originalTotal Quarterly Profit Beats Estimates, Helped by Refining
Total SA’s first-quarter profit fell 37 percent, beating analysts’ forecasts as cost cuts, rising production and resilient refining profits helped the French company offset the slump in crude prices.Adjusted net income fell to $1.64 billion from $2.60 billion a year earlier, the company based in Courbevoie near Paris said in a statement Wednesday. Analysts had expected a profit of $1.25 billion, according to the average of 10 estimates compiled by Bloomberg.The company’s refining and chemicals ..>> view originalIn setback, a majority of FDA experts reject Sarepta's emotional campaign to gain Duchenne
Sarepta lost a major battle in its years-long quest to gain an accelerated approval for its Duchenne muscular dystrophy drug eteplirsen. An FDA panel of outside experts voted 7 to 6 that Sarepta did not provide substantial evidence from “adequate and well controlled” studies that the drug produced dystrophin at a level that was reasonably likely to produce a clinical benefit. Seven of the agency advisers also voted that there could not be an objective, valid comparison that was free of bias betw..>> view originalComcast in Talks to Buy DreamWorks Animation for $3 Billion-Plus
The move comes after CEO Jeffrey Katzenberg has tried for years to sell the company. Jeffrey Katzenberg might have finally found a buyer for his DreamWorks Animation. The Glendale animation company is in talks with Comcast to be sold for more than $3 billion, sources confirm to The Hollywood Reporter. The potential acquisition would fold DWA into an entertainment conglomerate that controls key properties such as NBC, Telemundo, the USA network and Universal Studios. It also wo..>> view originalApple's nine-year iPhone juggernaut stops with first sales decline
Apple Inc (AAPL.O) on Tuesday posted its first-ever decline in iPhone sales and its first revenue drop in 13 years as the company credited with inventing the smartphone struggles with an increasingly saturated market.The company's sales dropped by more than a quarter in China, its most important market after the United States, and it also forecast another disappointing quarter for global revenues.Its shares fell about 8 percent, dropping below $100 for the first time since February. A hike in ..>> view originalStatoil Posts Surprise Profit as It Cuts Costs Amid Oil Drop
Statoil ASA, Norway’s biggest oil company, unexpectedly posted a profit in the first quarter as reduced costs helped offset the lowest crude prices in almost 12 years.Statoil reported adjusted earnings after tax of $122 million, down from $902 million a year earlier, it said in a statement Wednesday. That beat the average forecast for a $125 million loss in a Bloomberg survey of 12 analysts. Adjusted earnings after tax is a measure that excludes financial and other items to better reflect under..>> view originalMitsubishi says it has used misleading fuel-economy testing methods for 25 years
The logo of Mitsubishi Corporation is displayed at the entrance of the company headquarters building in Tokyo. (Issei Kato/Reuters) By Naomi Tajitsu April 26 at 6:37 PM Japanese carmaker Mitsubishi said Tuesday that it used fuel-economy testing methods that did not comply with Japanese regulations for 25 years, much longer than previously known. It said that aggressive internal targets may have put pressure on employees to overstate the fuel economy of its vehicles and that it would set ..>> view originalAsia stocks slip with central banks in focus, oil holds gains
TOKYO Asian stocks were mostly lower on Wednesday, as investors stayed cautious ahead of U.S. and Japanese central bank policy decisions, while crude oil prices hovered near 2016 highs.Spreadbetters expected Europe to behave similarly, forecasting Britain's FTSE, Germany's DAX and France's CAC to open little changed.Japan's Nikkei lost 0.4 percent as Japan-based suppliers of iPhone parts fell after Apple Inc reported its first-ever decline in iPhone sales and its first revenue drop in over a d..>> view original
Wednesday, April 27, 2016
How Stephen Curry's big season is — and isn't — reshaping the sneaker wars and other top stories.
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