Sailing-Winds of change for America's Cup in Bermuda Triangle
HAMILTON, Bermuda, June 24 Mystery surrounds what next for the America's Cup if New Zealand win sailing's most prestigious prize in Bermuda next week.
Sept 6 Wolverine Worldwide Inc, maker of Hush Puppies shoes, warned third-quarter results may miss its earlier forecast as conditions in Europe have turned out to be harder than expected, sending its shares down 6 percent in premarket trade.
Europe, which accounted for about a fourth of the company's 2011 sales, is proving to be even more of a challenge than it anticipated, the shoemaker said in a statement prepared for a retail conference.
In July, the Rockford, Michigan-based company had forecast flat per-share earnings and revenue growth of low to mid-single digits for the third quarter.
Wolverine, which also owns brands such as Merrell, Cat and Patagonia footwear, had also reported second-quarter results below expectations, hampered by challenging conditions in Europe.
Shares of the company, which competes with Skechers USA Inc and Deckers Outdoor Corp, closed at $47.10 on Wednesday on the New York Stock Exchange.
June 23 The U.S. Marine Corps said on Friday it resumed flight operations for Lockheed Martin Corp's F-35B fighter jets after temporarily suspended operations a day ago because of software problems.