East Coast Port Contract Talks Resume as Deadline Nears

The International Longshoremen's Association and the U.S. Maritime Alliance will go back to the negotiation table to avert a longshoreman's strike that would close 15 ports from Massachusetts to Texas. If no agreement is reached, 4,500 workers

GoPro Lands $200 MM Investment from Foxconn

GoPro announced that Hon Hai Precision Industry Co., Ltd, the world's largest electronics manufacturing company also known as Foxconn, has acquired an 8.88 percent full-diluted stake in GoPro for $200 million, valuing the company at $2.25 billion…

Nike Delivers Double-Digit Currency-Neutral Growth in Q2

Nike, Inc. reported net earnings decreased slightly in its second quarter ended Nov. 30 due to higher losses from discontinued operations. Earnings from continuing operations grew 8.5 percent with double-digit revenue growth on a currency neutral basis. N

PGA Tour Superstore to Open First California Store

PGA Tour Superstore's first store on the West Coast will be in East Palo Alto, CA. Scheduled to open in the spring of 2013, the 47,000-square-foot superstore is located at 1751 East Bayshore Road, former site of Best Buy…

RECALL: 200 Izoard XP Bicycles

Wilier Triestina USA LLC, of Atlanta, GA is recalling about 200 Izoard XP bicycles because their fork’s steering tube can break while in use, posing a fall hazard. No injuries have been reported…

Billabong Receives Fresh Takeover Bid from Naude, Sycamore

Billabong said a consortium led by Paul Naude, a board director and former head of Billabong’s Americas division, and New York-based private equity firm Sycamore Partners had offered A$1.10 a share to acquire the company. The new bid, coming in lowe