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Puma refurbishes its RS-Computer shoe

Bloomberg Puma’s latest contribution to the world of retro footwear — or is it the wearable tech movement? — is a revamped 32-year-old sneaker with computers in its heels. The German company is selling a refurbished version of its 1986 RS-Computer shoe, which presaged an era in which athletes use gadgets to keep track of steps taken, distances covered and ...

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Boeing sets new $20bn buyback programme

Bloomberg Boeing Co. directors authorised a record $20 billion share buyback programme and boosted the company’s dividend 20 percent — a sign the planemaker doesn’t intend to stop showering cash on investors any time soon. The company’s share price has more than doubled since it embarked on a strategy of rewarding shareholders as production of the marquee 787 Dreamliner stabilised ...

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Ceconomy latest victim of retail crisis

Bloomberg Ceconomy AG, Europe’s biggest consumer-electronics retailer, eliminated its dividend and warned that earnings will decline another year in the retail industry’s latest disaster. The stock fell as much as 16 percent to a record low as the departure of Chief Financial Officer Mark Frese leaves the company facing a leadership void. The 54-year-old executive, who has been helping to ...

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