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Articles about Nike Corporate Profits Real Reason for Sweatshops September 8, 1996 The chief assumption underlying James Flanigan's nike air max 90 Aug. 4 column ("Garment Industry Awaits Welfare Recipients") is fundamentally flawed. retailers want to offer American consumers low priced goods. Nike is but one giant corporation shopping around the world for cheap labor. Instead its payroll for 12,000 workers in Indonesia was $5 million in 1994. ARTICLES BY DATEWearable tech devices hit another bump in the road April 22, 2014 By Andrea Chang and Tiffany Hsu Wearable fitness trackers are in survival of the fittest mode. Touted as the next big thing in technology, wearable tech has spawned a dizzying array of Internet connected wristwatches and head mounted devices. Leading the fledgling industry are fitness gadgets that count steps taken, calories burned and other measurements of activity. But in racing to meet the hype, many companies may have outpaced demand and rushed out products too soon. Nike said Monday that it plans to lay off a small number of employees who work on its line of FuelBand fitness accessories to "align resources with business priorities," signaling that the sporting equipment giant is scaling back its wearable hardware efforts. Nike, fans stand behind Lance Armstrong August 24, 2012 By Houston Mitchell As the cycling world and fans of Lance Armstrong continued to absorb the seven time Tour de France winner's announcement Thursday that he would no longer fight charges that he used performance enhancing drugs, one of his biggest sponsors, Nike, came out in support of Armstrong. Nike, in a statement, said: "Lance nike tanjun has stated his innocence and has been unwavering on this position. The Beaverton, Ore., company Thursday told as many as 55 employees of the 70 person team it had working on FuelBand devices that their jobs had been cut, according to CNET . The report also said Nike has shelved plans for a follow up device to its FuelBand SE fitness tracker, which is worn like a bracelet and counts the number of steps users take via a connection to their smartphones through Bluetooth. Over the last year, LeBron James sold significantly more shoes in the United States than Kobe Bryant. Bryant was second on the list at $50 million for his Nike signature shoes, followed by Carmelo Anthony's Jordan brand ($40 million) and Kevin Durant's Nike ($35 million). Dwight Howard's Adidas brand shoes brought in $5 million, on par with John Wall's Reebok shoe. "Due to nike 4.0 womens the seemingly insurmountable evidence that Lance Armstrong participated in doping and misled Nike for more than a decade, it is with great sadness that we have terminated our contract with him," Nike said in a statement. District Judge Kevin Castel in Manhattan granted Nike Inc. a temporary restraining order that will prohibit Reebok International from profiting off of jerseys and other paraphernalia stamped with the football star's moniker.