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Asian growth does it for Nike

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Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

MyCiti buses running at a loss

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The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.

Another golf estate victim

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The oversupply of golf estates has claimed another victim.

Portland - Athletic shoe and apparel company Nike Inc. says strong growth overseas, particularly in Asia, helped boost its fourth-quarter profit by 12%.

The Beaverton, Oregon-based company said on Wednesday its net income rose to $490.5m, up from nearly $438m in the same quarter last year. Earnings per share jumped 14%t to 98c per share, up from 86c per share.

The results exceeded Wall Street's projections. Analysts polled by Thomson Financial expected the company to earn 96c per share for the quarter.

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It pays to know the cost and what you’re getting in return

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Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

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Sasha

"In the short term this is true, Greece will dominate the headlines on a day to day basis, until their next elections when there would be some clarity to answer the question, "What next for Greece?" Amazingly everyone except the politicians seem to be lining themselves up for worst case scenario, b... Read their blog...