Pursuits
Adidas Declines After Cutting Forecast on Russia, Golf
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Adidas AG, the world’s second-largest sporting-goods maker, fell the most in more than a year after cutting its 2013 profit forecast for reasons that include Russian distribution difficulties and a weak golf market.
The shares slid as much as 5.9 percent to 77.71 euros, the steepest intraday drop since June, 2012.