Under Armour looking into data breach affecting customers' email addresses
Read full article: Under Armour looking into data breach affecting customers' email addressesClothing retailer Under Armour is investigating a recent data breach that purloined customers' email addresses and other personal information, but so far there are no signs the hackers stole any passwords or financial information.
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Asian shares fall as caution sets in after Wall St retreat
Read full article: Asian shares fall as caution sets in after Wall St retreatAsian shares were mostly lower Thursday as caution again after a retreat on Wall Street driven by a decline in technology shares. (AP Photo/Ahn Young-joon)Asian shares were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares. Risks of a broader sell-off of technology shares after a long due correction, Hayaki Narita at Mizuho Bank in Singapore said in a report. “Weak leads from Wall Street continue to be the bane of Asia markets as regional indices broadly slipped,” said Jingyi Pan, market strategist at IG. In energy trading, benchmark U.S. crude fell 42 cents to $39.51 a barrel in electronic trading on the New York Mercantile Exchange.
Asian markets advance following record Dow close
Read full article: Asian markets advance following record Dow closeAsian shares have advanced after the Dow Jones Industrial Average returned to a record high. Benchmarks rose across the region, led by a 2% jump in Japans Nikkei 225 index. (AP Photo/Koji Sasahara)BANGKOK Asian shares have advanced after the Dow Jones Industrial Average and other benchmarks closed at record highs. Upbeat comments by U.S. Commerce Secretary Wilbur Ross about progress in trade talks with China has helped to raise sentiment. Benchmarks rose across the region, led by a 2% jump in Japan's Nikkei 225 index to 23,315.47.

Under Armour founder Kevin Plank stepping down as CEO
Read full article: Under Armour founder Kevin Plank stepping down as CEOCurrent CEO Kevin Plank is resigning and will be replaced by Chief Operating Officer Patrik Frisk will assume the position on Jan. 1, 2020, the company announced Tuesday. Plank, who has served in the CEO role since the company's founding in 1996, will serve as an executive chairman and brand chief. Plank called Frisk the "right person" to be Under Armour's CEO in a release. In its most recent earnings report, Under Armour's sales in the region declined 3% compared with a year ago. According to the article, executives and employees, including Plank, attended strip clubs with athletes and co-workers over the years.

Under Armour struggling against Nike, Adidas in US
Read full article: Under Armour struggling against Nike, Adidas in USJustin Sullivan/Getty Images(CNN) - Under Armour stock fell sharply Tuesday as competition grows over sneakers and athletic clothing in the United States. Heading into Tuesday, Under Armour's stock had gained more than 50% this year. "North America is the straw that sort of serves the drink," CEO Kevin Plank said on a call with analysts Tuesday. Under Armour is having trouble attracting customers in North America, as Nike, Adidas and smaller brands such as Fila and Puma thrive, Cristina Fernandez, analyst at Telsey Advisory Group, said in a note to clients. Nike's sales in North America rose 7% last quarter, while Adidas' sales grew 5% in the region.