Nike Finds Fit for Cole Haan With Apax for $570M

Nov. 16 (Bloomberg) -- Bloomberg's Cristina Alesci reports that Nike agreed to sell its Cole Haan fashion brand to private-equity firm Apax Partners for $570 million as it focuses on faster-growing businesses and looks at the decision to move Hostess Bakeries in to liquidation following a worker strike. She speaks on Bloomberg Television's "Money Moves."
Yellen: Rise in Rates Appropriate Over Next Few Years
18:27 - Fed Chair Janet Yellen said she expects the Federal Reserve to raise interest rates this year, and that subsequent increases will be gradual without following a predictable path. (Source: Bloomberg)
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