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Nike Stock Drops Lowest Since 2006

Sports apparel giant Nike saw its stock fall the most in three years after forth-quarter profits declined for the first time since 2009. According to gulfnews.com, increased marketing costs and slowed sales prompted the stocks tumble. The world’s largest sporting-goods company’s stock fell 9.4 percent to $87.78, the largest decline since December 1, 2008. Camilo [...]