Nike fined $14 million for blocking cross-border sales of soccer merchandise






BRUSSELS (Reuters) - U.S. sportswear maker Nike was hit with a 12.5 million euro ($14.14 million) fine on Monday for blocking cross-border sales of soccer merchandise of some of Europe’s best-known clubs, the latest EU sanction against such restrictions.

The European Commission said Nike’s illegal practices occurred between 2004 to 2017 and related to licensed merchandise for FC Barcelona, Manchester United, Juventus, Inter Milan, AS Roma and the French Football Federation.

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Flattened yield curve reason to be nervous, but U.S. economy solid: Fed's Evans






HONG KONG (Reuters) - Chicago Federal Reserve Bank President Charles Evans said on Monday it was understandable for markets to be nervous when the yield curve flattened, though he was still confident about the U.S. economic growth outlook.

In what many see as a bad omen for the economy, yields on benchmark U.S. 10-year treasury notes fell below three-month rates on Friday for the first time since mid-2007, an inversion that has in the past signaled the risk of recession.

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Biogen announces $5 billion buyback days after shelving Alzheimers...






(Reuters) - Biogen Inc said on Monday it would buy back shares worth $5 billion, days after its stock slumped on the drugmaker’s announcement to end two Alzheimer’s disease trials.

Biogen had lost more than $18 billion of its value last week after the company and partner Eisai Co Ltd ended two late-stage trials of their experimental Alzheimer’s disease treatment, aducanumab.

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Boeing to brief on 737 MAX updates as Ethiopian backs planemaker






ADDIS ABABA/SINGAPORE (Reuters) - Boeing Co will brief more than 200 global airline pilots, technical experts and regulators this week on software and training updates for its 737 MAX aircraft, as Ethiopian Airlines expressed confidence in the planemaker despite a recent crash.

Africa’s biggest carrier will work with Boeing and other airlines to make air travel safer, its chief executive, Tewolde Gebremariam, said, after regulators this month grounded the worldwide fleet of the aircraft following the crash that killed 157 people.

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