Hints and tips:
...A third proposal at Dick’s Sporting Goods was withdrawn after the retailer said it would stop selling military-style semi-automatic rifles and high-capacity magazines in the wake of the Parkland shooting...
...Dick’s Sporting Goods dominates the sports retail market, while Bass Pro and Cabela’s hold the number three and six positions respectively in terms of sales....
...Next in line, he said, was Dick’s Sporting Goods. A notable absence from his presentation, however, was mention of Herbalife....
...Dick’s Sporting Goods rose 11.1 per cent to $40.43 as the company said it would buy back $200m of its shares and maintained full-year guidance in an earnings update....
...Reducing pay across the board would be an obvious solution to grappling with a lower-revenue environment....
...Dick’s Sporting Goods reported second-quarter profits well ahead of expectations, with earnings up 87 per cent to $47.9m from $25.7m a year ago. The retailer’s shares rose 8.7 per cent to $60.43....
...Blackstone is trying to put a good face on all this: by announcing the closure to new investors of its $21.7bn fund, V – the largest ever – and by claiming the market reversal plays to its strengths by reducing...
...Silver lining Some good news for Scooter Libby....
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