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Finish Line rallies after Adidas sales fuel results

  Indianapolis / Bloomberg Finish Line Inc. surged the most in more than seven years after beating first-quarter expectations in a weak retail environment, helped by strong sales of Adidas brand shoes. Sales rose 2.3 percent to $453.5 million in the quarter ended May 28, the Indianapolis-based company said in a statement. Analysts estimated $567.9 million, on average. Profit was ...

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Veritas may acquire Airbus repair unit Vector

  New York / Bloomberg Veritas Capital, a New York based private-equity firm, is the leading bidder to acquire Airbus Group SE’s aircraft maintenance and repair unit Vector Aerospace Corp., according to people familiar with the matter. If successful, the buyout firm plans to combine the unit, which could fetch as much as $800 million, with its existing portfolio company ...

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Costly divorce for UK: Business warns of Brexit impact

London / Bloomberg As executives digest the news of the UK’s vote to leave the European Union, they’re cautioning that business will suffer — affecting everything from beach vacations to wristwatch ads to initial public offerings of stocks. Companies exposed to the U.K. economy warned that the decision could slow growth and prompt them to cut their investments in the ...

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