Lew, Kerry, Wang, Yang on U.S.-China Relations
July 10 (Bloomberg) -- U.S. Vice President Joe Biden, Treasury Secretary Jack Lew, Secretary of State John Kerry, and China's Vice Premier Wang Yang and State Councilor Yang Jiechi speak about the relations between the two nations and the outlook for cooperation. They speak at the start of the two-day U.S.-China Strategic and Economic Dialogue in Washington. (Source: Bloomberg)
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Edgy Design Gives Puma Brand a Boost, Says CEO Gulden
20:43 - 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."