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BUSINESS
January 26, 2006
* Reebok International Ltd. shareholders approved the company's $3.8-billion sale to Adidas-Salomon, a deal intended to help the company better compete with Nike Inc. * A federal judge set a Feb. 24 hearing date to consider a possible injunction on BlackBerry wireless e-mail service.
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BUSINESS
July 25, 2001 | From Associated Press and Bloomberg News
McDonald's Corp. on Tuesday reported a 16% drop in profit, its third straight quarterly decline, as the burger giant's stock rose modestly on its latest assurance that beef safety fears are easing in Europe, its top international market. Squeezed by weak foreign currencies and other concerns, McDonald's said it may close as many as 250 under-performing restaurants this quarter, primarily in emerging international markets.
BUSINESS
January 26, 2006
* Reebok International Ltd. shareholders approved the company's $3.8-billion sale to Adidas-Salomon, a deal intended to help the company better compete with Nike Inc. * A federal judge set a Feb. 24 hearing date to consider a possible injunction on BlackBerry wireless e-mail service.
BUSINESS
December 17, 1992 | From Times Staff and Wire Reports
Reebok to Take $135-Million Charge to Reorganize: Reebok International Ltd., the nation's second-biggest maker of athletic shoes, said it plans to take an after-tax charge of about $135 million in the fourth quarter to restructure its operations. The four-part plan, announced in Stoughton, Mass., includes selling the company's Boston Whaler and Ellesse U.S.A. divisions. Reebok will also take a charge to write down the value of its Avia subsidiary.
BUSINESS
September 16, 1993 | From Times Staff and Wire Reports
Reebok Pulls Accounts From Chiat-Day: Reebok International Ltd. dismissed the Los Angeles-based agency that created the "Planet Reebok" campaign and sneaker commercials with basketball's Shaquille O'Neal. The Stoughton, Mass., sports shoe and apparel maker said it will consolidate the $140-million worldwide Reebok advertising account with Chicago-based Leo Burnett, which has handled its ads in Latin America and Asia.
BUSINESS
April 20, 2000
Asics Tiger Corp. in Irvine and its Japanese parent company, shoe maker Asics Corp., said Wednesday that it has filed a federal lawsuit accusing Reebok International Ltd. of infringing on its tiger stripes trademark. Asics Tiger said in a press release that the suit, filed in U.S. District Court in Boston, contends that Reebok uses the tiger stripes on the Polo Sport RLX Lite shoes. The suit also names Polo Ralph Lauren Corp. and Reebok subsidiary Ralph Lauren Footwear Co. Inc.
BUSINESS
December 20, 2000 | From Bloomberg News
Reebok International Ltd. said Tuesday that it acquired apparel licensing rights to all 32 National Football League teams starting in 2002 under a new 10-year agreement. Under the agreement, the No. 3 athletic footwear maker has the right to manufacture and sell NFL licensed merchandise, including uniforms, sideline apparel, footwear and an NFL-branded apparel line. The agreement also gives Reebok exclusive rights to develop a new line of NFL fitness equipment.
BUSINESS
April 20, 2000
Asics Tiger Corp. in Irvine and its Japanese parent company, shoe maker Asics Corp., said Wednesday that it has filed a federal lawsuit accusing Reebok International Ltd. of infringing on its tiger stripes trademark. Asics Tiger said in a press release that the suit, filed in U.S. District Court in Boston, contends that Reebok uses the tiger stripes on the Polo Sport RLX Lite shoes. The suit also names Polo Ralph Lauren Corp. and Reebok subsidiary Ralph Lauren Footwear Co. Inc.
BUSINESS
December 2, 1999 | Bloomberg News
Struggling athletic shoe maker Reebok International Ltd. suffered a new setback with the sudden resignation of the executive brought on board just last year to revive its marquee brand. Carl Yankowski, hired amid great expectations that he could revive Reebok's flagging sales, resigned as president and chief executive of Reebok Brand to take over a high-technology company.
BUSINESS
September 10, 1999 | Associated Press
Reebok International Ltd. said it plans to lay off 10% of its 6,600 workers worldwide in an attempt to cut costs and restructure its business. The cuts include 120 jobs out of the 1,200 people that work at the company's headquarters in Stoughton, Mass. Further details on the job cuts will be announced over the next few weeks, a spokeswoman said. Reebok's U.S. market share has fallen from nearly 25% in 1991 to just over 10% this year, according to First Securities Van Kasper.
BUSINESS
December 23, 1998 | Bloomberg News
Reebok International Ltd., the world's No. 2 shoemaker, said it expects to take a fourth-quarter charge to cover a change in the value of a Brazilian venture and restructuring costs, which will cut fourth-quarter earnings by $10 million, or 18 cents a share.
BUSINESS
August 28, 1998 | Bloomberg News
Reebok International tapped a former top Sony executive to help the athletic shoemaker revive its namesake brand and stock price. Carl Yankowski, 50, was named president and chief executive of the Reebok brand, responsible for overseeing licensing, sales, sports, marketing and advertising, as well as development of shoes and clothing. Yankowski, who resigned in January as president and chief operating officer of Sony Electronics Inc., a Sony Corp. unit, replaced Robert Meers.
BUSINESS
November 20, 1996 | Times Staff and Wire Reports
Reebok International Ltd. said its soccer balls will soon carry a label guaranteeing that they aren't made by children. The announcement by the British sports shoe and equipment company marks its latest effort to stop child labor in soccer ball production following a 1995 report that attacked companies for allegedly allowing products to be made by children. About 80% of soccer balls sold in the U.S. are produced by child labor in Pakistan, according to Labor Secretary Robert Reich.
BUSINESS
July 1, 1998 | From Reuters
Reebok International Ltd., which has cut its spending on high-priced endorsement contracts with star athletes, ended its relationship with basketball star Shaquille O'Neal on Tuesday. Reebok and O'Neal's agent said in a joint statement that the six-year deal, which made the Los Angeles Laker center one of the game's highest-paid stars, has benefited both parties, but that the two are parting ways. Reebok critics have said that the high-priced O'Neal endorsements helped sell few shoes.
BUSINESS
February 20, 1997 | From Associated Press
So you're a bunch of highly paid creative types brainstorming on a namesake for a new athletic shoe. Michael Jordan . . . taken. Chuck Taylor . . . ditto. Here's an idea: Name a women's running shoe after a mythical demon who preyed on sleeping women. Reebok did. Now the footwear maker is having a devil of a time trying to correct its embarrassing mistake. Reebok International Ltd.
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