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  • Business » Net Income Jumps 40% at Nike
    December 20, 2013, 07:22 GMT

    Heading into the holiday season, all eyes are aimed on retail. A tough economic landscape has left many traders and investors wondering how well the space will do this season. However, on Thursday afternoon, Nike (NYSE:NKE) reported some startling good results after the bell. The world’s largest athletic goods maker announced to the street net

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    Stocks of the world’s largest economy dropped for the sixth time in seven days, with the Standard and Poor’s 500 experiencing its first weekly drop since August, as concern about the prospect of a federal government shutdown mounted. The debate concerning how to handle the budget ceiling will head into the weekend after the Senate

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    Despite a weak finish to the week, with the broad market sinking lower by half a percent, shares of Nike (NYSE:NKE) traded to yet another all time high on Friday. On Thursday the company reported a strong first quarter in which both revenues and earnings moved sharply to the upside. The Oregon based athletic company