The Pimp Who Sued Nike Over Air Jordans
Feb. 5 (Bloomberg) -- In 1985, Nike released the Air Jordan. Michael Jordan's signature shoe was different. It was one of the first to have crossover appeal. However, a Portland, Oregon pimp has taken it further. He used the shoes to beat a man and now he's suing Nike for $100 million. Bloomberg's Rachel Crane has the story of this odd lawsuit. (Source: Bloomberg)
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BNP Paribas 2Q Net Profit Beats Estimate
53:24 - BNP Paribas SA, France’s largest bank, posted second-quarter profit that was little changed as a surge in bond trading was offset by a drop in equities and low interest rates hampered consumer banking. Net income was 2.56 billion euros ($2.8 billion), up 0.2 percent from a year earlier, the Paris-based bank said in a statement Thursday, That’s above the 2.2 billion-euro average estimate of seven analysts compiled by Bloomberg. The bank recorded pretax gains from exceptional items, including selling its stake in Visa Europe, of 285 million euros, about the same as last year’s level. Chief Financial Officer Lars Machenil discusses earnings with Bloomberg's Caroline Connan.