BUSINESS

Nike's new CEO vowed to revive the brand despite a difficult run in recent quarters

New Nike CEO Vows Turnaround After Earnings Drop

The athletics company, which has struggled in recent quarters with weakness in China and product oversupply that has depressed prices, reported quarterly profits of $1.2 billion, down 26 percent from the year-ago period.
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Credit Suisse was hit by a string of scandals before being taken over by UBS

Credit Suisse Collapse Probe Slams Banking Regulator

An 18-month investigation raking over the dramatic collapse of one of the world's biggest banks, the rarely-used parliamentary commission of inquiry found no evidence that the implosion of Credit Suisse was caused by misconduct on the part of the authorities.
Sony saw strong sales in its gaming sector

Sony Buys 10% Of 'Elden Ring' Owner For $320 Mn

Kadokawa, which is known for producing anime and publishing books including manga comics, said last month that Sony had made an approach to the firm, sending the media firm's stocks soaring.
A potential takeover of Everton has fallen through

US-based Friedkin Group Complete Everton Takeover

The Premier League said the Friedkin Group had purchased a 98.8 percent stake in Everton, which becomes the 10th English top-flight club under majority American ownership -- a list that includes Arsenal, Chelsea, Liverpool and Manchester United.

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