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Adidas up on talk of Nike, Asics interest: traders

Shares in Adidas rose more than 3 percent on Monday as traders cited market talk that U.S. rival Nike and Japanese sports shoe maker Asics were interested in the German company.

Umbro Agree's to Nike Take over

Umbro, the company which makes the sports kit for the England soccer team as well as for six of the UK Premier League clubs, has today agreed to a takeover by Nike in a £285 million deal.

Nike expects $1 billion China sales in year

Nike Inc sales in China are growing at over 50 percent annually and will reach $1 billion within a year, making the mainland its second largest market globally, Chief Executive Mark Parker said on Thursday.

Market advances as helped by tech shares

U.S. stocks jumped on Friday as higher-than-expected results from software maker Oracle Corp and a share buyback from Texas Instruments Inc boosted technology shares.

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Nike profit beats Street, shares up 6 pct

Nike Inc., the world's No. 1 sport shoe and apparel maker, on Thursday posted quarterly earnings above Wall Street targets, boosting its shares nearly 6 percent and easing some fears that pricey styles bearing its signature swoosh were losing their luster.