IMF Role Seen as Essential to Greece's Euro Future
Nov. 12 (Bloomberg) -- Erik Nielsen, chief global economist at UniCredit SpA, discusses Greece's debt crisis, Spain and prospects for a resolution to the so-called U.S. fiscal cliff. He speaks with Manus Cranny on Bloomberg Television's "The Pulse." (Source: Bloomberg)
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Edgy Design Gives Puma Brand a Boost, Says CEO Gulden
07:30 - Puma SE reported second-quarter profit that topped analysts’ estimates as the German sneaker maker got a lift from Europe’s soccer championships and a focus on the women’s market. Earnings before interest and taxes rose to 12 million euros ($13 million), Puma said in a statement Wednesday, beating analysts’ average expectation of 10.6 million euros. Sales rose 7 percent to 827 million euros, compared with the 820 million-euro consensus. The company fought negative currency-conversion effects by keeping a lid on costs. Chief Executive Officer Bjoern Gulden, three years into a turnaround effort, is balancing sports and style, pushing brash multicolored soccer cleats and a partnership with sprinter Usain Bolt. Gulden joined Bloomberg's Francine Lacqua on "The Pulse."