Nike (NKE) Becomes Official Merchandising Partner of NBA; Jefferies Reiterates Buy

After-Hours Stock Movers 06/10: (BOX) (KKD) (MW) Higher; (DRNA) (FOLD) (BBG) Lower (more...)

Box (NYSE: BOX) 8.7% HIGHER; reported Q1 EPS of ($0.28), $0.03 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $65.6 million versus the consensus estimate of $63.7 million. Q2 revenue is expected to be in the range of $69 to $70 million, versus the consensus of $67 million. FY16 revenue is expected to be in the range of $286 to $290 million, compared to previous guidance of $281 to $285 million and the consensus of $283 million.

Dicerna Pharmaceuticals, Inc. (Nasdaq: DRNA) 5.5% LOWER; Alnylam Pharma... More

Market Wrap: Greece Downgraded as Talks Continue; MBA Mortgage Apps Rose; Nike Locks-up NBA Deal

Market wrap for June 10th

End of the Day: S&P 500 up 25.1 to 2,105.20; Dow Jones up 236.4 to 18,000.40; Nasdaq up 62.8 to 5,076.69

Market Brief: U.S. markets closed sharply higher Wednesday amid expectations that Greece and its creditors are nearing an agreement over a bailout extension. Notably, S&P downgraded Greece once again today, from 'CCC+' down to 'CCC.'

Tokio Marine Holdings moved to acquire HCC Insurance in a $7.5 billion deal.

Johnson Controls gained on news that the... More

Nike (NKE) Becomes Exclusive Oncourt Apparel Provider for the NBA, WNBA

The National Basketball Association (NBA) and NIKE, Inc. (NIKE) (NYSE: NKE) announced an eight-year global merchandising and marketing partnership that will make NIKE the official oncourt apparel provider beginning with the 2017-18 NBA season.

This partnership with NIKE represents a new paradigm in the structure of our global merchandising business, said NBA Commissioner Adam Silver. As our exclusive oncourt apparel provider, NIKE will be instrumental in our collective efforts to grow the game globally while applying the latest in technology to the design of our uniforms and oncourt... More

FIFA Places Bidding for 2026 FIFA World Cup on Hold Amid Current Situation

FIFA issued the following statement on Wednesday morning:

It was decided to place the administrative process on hold for the 2026 FIFA World Cup bidding due to the current situation.

Further decisions regarding the 2026 FIFA World Cup bidding process will be discussed by the FIFA Executive Committee at a later date.