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By Michael P. Orsi
Edward Snowden should declare his patriotism in court
Independent voices from the The Washington Times Communities
Topic - Reebok International Ltd.
Reebok International Limited, a subsidiary of the German sportswear company Adidas since 2005, is a producer of Athletic shoes, apparel, and accessories. The name comes from the Afrikaans spelling of rhebok, a type of African antelope or gazelle. In 1890 in Holcombe Brook, a small village 6 miles north east of Bolton, England, Joseph William Foster was making a living producing regular running shoes when he came up with the idea to create a novelty spiked running shoe. After his ideas progressed he joined with his sons, and founded a shoe company named J.W. Foster and Sons in 1895. - Source: Wikipedia
Apple, already the world's most valuable company, hit the $600 billion level for the first time Tuesday.
Best Buy Co. said it plans to close 50 big-box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. The news came Thursday as the biggest U.S. specialty electronics retailer posted a fiscal fourth-quarter loss partly because of restructuring charges, but its adjusted results topped Wall Street's expectations.
Two sports executives have sued former Philadelphia 76ers owner Comcast-Spectacor seeking a $2 million finder's fee over the team's October sale.
Reebok will pay $25 million to customers to settle charges by the Federal Trade Commission that it made deceptive claims in ads that its toning shoes would strengthen and tone the legs and buttocks of those who wear them.
Reebok will need to tone down advertising for its shoes that claim to reshape your backside.
Companies ordered more machinery, computers and communication equipment in August, a positive sign for the slumping U.S. economy.