Adidas drops plan to sell ice hockey business as talks fail
HERZOGENAURACH, Germany (Reuters) - Adidas AG (ADSGn.DE) has dropped the plan to sell its hockey business as potential buyers did not make offers interesting enough for the German sports apparel company, Chief Executive Herbert Hainer said on Thursday.
Hainer had said in November that Adidas had been approached by several parties interested in buying the ice hockey business. <ID:L5E8M8IAI>
The ice hockey business suffered an 18 percent drop in sales in the fourth quarter of last year due to a month-long lockout at the National Hockey League as owners and players battled over a labor deal.
Adidas earlier reported fourth-quarter financial results.
(Reporting by Joern Poltz; Writing by Maria Sheahan)
PORCIA, Italy - The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. It is one of the many symbols of Southern Europe's industrial decline.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.