Consumer Business Recap: Radio Shack Shares FALL, Nike Wins the OLYMPICS

Shares of RadioShack Corporation (NYSE:RSH) fell off sharply Monday, as investors try to fathom the current shakeup at Best Buy. Radio Shack often reacts profoundly to news from the former, with stories on the future big box retailers involving both names.

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Nike Inc.’s (NYSE:NKE) neon yellow “volt” footwear was widely displayed at the London Olympics, and may well have bested that of the official International Olympics Committee sponsor Adidas AG (ADDYY.PK), which might generate a better-than-expected jump in sales. The firm has a history for milking the Olympics with its design and marketing expertise, but some think that it might chill out by only officially sponsoring the Sochi 2014 Winter Games or Rio 2016 Summer Games.

Shares of Liberty Media Corp. (NASDAQ:LMCA) moved up on Monday, as the firm waits to see if the Federal Communications Commission will award it “de facto” control of Sirius XM Radio Inc. (NASDAQ:SIRI). Wunderlich Securities forecasts that Mel Karmazin will remain on board if Liberty gets its wish.

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