Sports

Under Armour ready to forget 2017 as CEO Plank touts long-term plan

With Under Armour shares down more than 7% in early trading Tuesday after the company cut its full-year revenue forecast and announced about 280 layoffs, CEO Kevin Plank acknowledged that his team now sees its dismal 2017 as part of a necessary pivot to navigate a difficult retail environment.

Under Armour ready to forget 2017 as CEO Plank touts long-term plan

With Under Armour shares down more than 7% in early trading Tuesday after the company cut its full-year revenue forecast and announced about 280 layoffs, CEO Kevin Plank acknowledged that his team now sees its dismal 2017 as part of a necessary pivot to navigate a difficult retail environment.

Under Armour cuts forecast, to restructure operations

Sportswear maker Under Armour Inc cut its full-year sales forecast due to weak demand for its products in North America, and launched a restructuring plan that involves closing facilities and leases as well as job cuts.

Los Angeles to host 2028 Olympics: report

The city of Los Angeles will host the 2028 Summer Olympics after reaching an agreement with the International Olympic Committee, according to a Los Angeles Times report Monday.