Denver, CO, 09/29/2014, (Avauncer.com) – Nike Inc. (NYSE:NKE) wearing FIFA world cup players broke many a record, and brand Nike too has made some record high on the profits and sales front as well. The net income in the first quarter rose by 23% to $962 million from a year before. NKE soccer gear, as well as apparel, topped Nike’s earnings followed by increase in US consumers of sporting apparel for everyday purposes as well. On Friday, the shares of the stock reported 12% increase to $89.50 and a new high. Over the year, the stock gained 14% as against the 7.3% increase for the S&P 500 Index.
Midway Gold Corp (USA) (NYSEMKT:MDW) has in a news report, announced that it will commence construction as well as mining at its Pan Gold Project, in Nevada. MDW has reported that the first gold pour will begin in the last quarter of 2014. The company also released the schedule of construction work, with the leach pad completed and ready for ore. The other requirements such as the pregnant solution pond are reportedly complete and will undergo final integrity tests. The haul roads to leach pad, as well as waste piles, are now complete, the statement revealed. The earthworks are currently executed by VT Construction and already commenced de-mobilizing from the site.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) business are currently politically opportunistic and if the executives are to play their cards right, are expected double in next few years. PBR is expected to overcome the ‘green’ limitations of the candidates for the Presidential run-up as socialist Marina Silva is ahead of opponents. She is considered a more pragmatic in her approach towards ‘green’ issues and business friendly in her policies. However, the Presidential results will pave the future of most of the natural resource players in the region, including that of PBR.
