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Adidas Gaining The Edge, As Nike Leaves Manchester United Behind
Thursday, July 10, 2014 - 4:00pm | 832Brazil isn't the only big name getting kicked around in the soccer world. On Tuesday, Nike (NYSE: NKE) said it will no longer sponsor kits (soccer uniforms) for Manchester United (NYSE: MANU), effective after the 2014-2015 season. Nike has been a sponsor of the English Premier League...
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Market Wrap For May 29: Investors Welcome Another Record High For The S&P 500
Thursday, May 29, 2014 - 4:41pm | 2596U.S. stocks gained on Thursday despite the Commerce Department reporting that U.S. gross domestic product declined at a one percent annualized rate in the quarter. Analysts were expecting GDP to decline 0.4 percent. Pending home sales were below expectations but investors may have shrugged off...
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Market Wrap For April 22: S&P Rises For Sixth Straight Day, Dow & Nasdaq Also Positive
Tuesday, April 22, 2014 - 4:52pm | 2838U.S. stocks rose as investors cheered recent earning reports and a positive home sales data for March. A $45 billion M&A offer also contributed to Tuesday's buying action as investors could be excited and motivated to buy stocks ahead of a few rough weeks of bearish activity. The S&P...
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Market Wrap For March 10: Markets Slightly Lower On Chinese Growth Concerns
Monday, March 10, 2014 - 4:56pm | 1832U.S. stocks closed the day slightly lower as investors digested news that China's exports dropped significantly. Philadelphia Fed Chief Charles Plosser said in a speech today that February's harsh winter likely curbed jobs growth in the month. Plosser's remarks echo similar sentiments by other...
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Market Wrap For January 27: China Concerns, Declining Home Sales, Tomorrow's Fed Meeting and Obama's Speech Keep Markets Lower
Monday, January 27, 2014 - 5:48pm | 2489U.S. stocks picked up where they left off on Friday and declined today as investors have plenty on their mind. With earnings being a mixed bag, investors are looking at emerging markets and economic data to support a bullish case for equities. On the emerging market front, investors remain...
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MANU Doesn't Win When Manchester United Wins (MANU)
Friday, August 9, 2013 - 1:35pm | 458Manchester United (NYSE: MANU) is the self-proclaimed world's biggest soccer club. As such, it would make sense that the stock rallies when the team wins: but does it? #NotWinning Unlike Charlie Sheen, the stock is not necessarily winning despite the team winning. Manchester United won the...
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Manchester United Shares Volatile As Club Looks to Big Summer Signings (MANU)
Monday, July 22, 2013 - 1:41pm | 558Manchester United (NYSE: MANU), England's most successful football club, shares have been volatile in the past few trading session as the club looks to splash close to $122 million on new summer signings. Reported targets include reigning Professional Football Association (PFA) Player of the Year...
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The Good News Keeps On Coming For Manchester United (MANU)
Tuesday, June 25, 2013 - 2:20pm | 629Barclays Premier League champions Manchester United (NYSE: MANU) have scored big lately as the future looks very bright for the financial performance of the soccer club as well as the on-field results. However, more good news could be in for shareholders as the club may see a positive revision to...
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Manchester United Just Got the Best News... That Its Rival Just Got Rich (MANU)
Monday, June 24, 2013 - 11:33am | 853That's right. Over the weekend, bitter rival of Manchester United (NYSE: MANU), Chelsea Football Club, just announced a massive new merchandising deal which could mean a significant boost to revenue for the Manchester club as it looks to renegotiate its own contract. Contract Negotiation...
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Manchester United Expands TV Deal to Boost Revenue, Awaits New CEO (MANU)
Friday, June 21, 2013 - 10:12am | 873English Premier League heavyweights Manchester United (NYSE: MANU) Friday announced that their proprietary television channel has now expanded to an additional two countries. The news comes as CEO David Gill is set to step down at the end of the month after 16 years at the helm. 56 Territories...
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Manchester United Shares Look Set to Score in New Era
Monday, June 3, 2013 - 1:50pm | 1303Global football powerhouse Manchester United (NYSE: MANU) shares could be set to perform well over the next twelve months as the self-proclaimed "world's most famous football club" reigns in a new era of management. With several catalysts set to work in the company's favor, investors would be wise...
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Benzinga Market Primer: Wednesday, May 8
Wednesday, May 8, 2013 - 6:27am | 1092Futures Flat On Strong Chinese Trade Data U.S. equity futures traded flat in early pre-market trade despite China reporting a rise in its trade balance in April. China reported that its trade balance swung back to a surplus in April of $18.16 billion vs. a deficit of $0.88 billion in March....
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Benzinga Market Primer, Friday August 10
Friday, August 10, 2012 - 7:02am | 533U.S. equity futures fell Friday following weak economic data in both China and Europe. Investors had been hoping that new economic data would be pointing to a bottom in the global economy, however the weak data dampens any hopes of a bottom. S&P 500 futures fell 4.5 points to 1396.10. In news...
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Manchester United to IPO Following Other European Clubs
Thursday, August 9, 2012 - 3:11pm | 547Manchester United (NYSE: MANU) is set to become the first football club in the world to list on the New York Stock Exchange, however, it is not the first club to go public. Clubs from Portugal to Turkey have all turned to the capital markets hoping to capture a fan base of loyal investors. The...
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General Motors: Another Executive Bites the Dust
Tuesday, July 31, 2012 - 8:27am | 481General Motors (NYSE: GM) executives are proving to be as indecisive as the company itself, as abrupt departures continue to make headlines and raise concerns amongst shareholders. At a time when the automaker has been juggling whether or not to advertise on Facebook (NASDAQ: FB), along with...