Adidas Aims to Overtake Nike

Adidas (ADDYY) aims to boost its sales to 17 billion euros ($24 billion) by 2015 as part of a strategy to overtake Nike (NKE) as the world’s largest sporting goods company.

“Our aspirations are to outperform total market growth … to outgrow our maj…

Holiday Airfares Soar as Demand Heats Up

Flying home this holiday season could cost you a lot more than last year as increased demand pushes up airfares.

A return ticket from Philadelphia to Orlando over Thanksgiving is 59% more expensive than in 2009, USA Today reported. A round trip from …

Rolls-Royce Shares Continue Slide on Airbus Concern

Rolls-Royce shares dropped further on Monday as investors fretted about the impact of problems with Rolls-Royce engines on Airbus A380s.

Last week, a Rolls-Royce engine exploded during a Qantas Airways (QUBSF) flight from Singapore to Sydney, forcing an emergency landing in Singapore. Today, Qantas said it found oil leaks in the engines of some of its grounded A380s.

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Continue reading Rolls-Royce Shares Continue Slide on Airbus Concern

Rolls-Royce Shares Continue Slide on Airbus Concern originally appeared on DailyFinance on Mon, 08 Nov 2010 08:24:00.

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Goldman Sachs Defends Bernanke’s Plan to Buy Assets

Goldman Sachs (GS) economists defended Federal Reserve Chairman Ben Bernanke’s decision to pump billions of dollars into the economy, saying the move will boost economic growth.

The Fed’s plan to buy $600 billion of assets will improve growth and red…