Shares of Nike jumped more than 15% after the world's largest maker of athletic footwear and apparel posted better-than-expected earnings and its first quarterly sales rise in two years.

San Diego and the city's professional baseball team have filed separate lawsuits to try to quash a proposed ballot initiative that seeks a second vote on a $1 billion ballpark and redevelopment project.

A consortium led by Beers Inc., a subsidiary of Swedish construction group Skanska AB, has received an order valued at 2.9 billion Swedish kronor ($344.5 million) to build an indoor football stadium in Houston, Texas.

Chicago-based Xpedior Incorporated , a leading provider of eBusiness solutions, has announced its sponsorship of the America True, The San Francisco Yacht Club challenge for America's Cup 2000, a semi-finalist in this year's America's Cup.

US LAWYER Alan Caplan says he and his colleagues have launched court action in California against Nike, alleging that it is deceiving consumers over the working conditions in its Asian factories, The Australian reports.

The cancellation of Saturday's heavyweight-championship bout between Evander Holyfield and Henry Akinwande has left the cable industry with a sizable bill.

The French government is to be asked to approve a re-financing package for the $400 million Stade de France which will stage the soccer World Cup final.

Spanish-language broadcaster Univision has turned out to be biggest U.S. beneficiary in this years World Cup.

Organisers of the XIII Pan American Games in Winnipeg, Canada, are confident of working out "some hiccups and bumps" ahead of the third largest multi-sport event ever staged in North America.

Olympic leaders are to meet to discuss drug cheating in world sport.

After two events in San Diego, the 1999 X Games will be held in SanFrancisco, California from June 25-July 3, 1999, it was announced by Jeff Ruhe, ESPN senior vice president, event management.

In a two day meeting the FIFA Executive Committee has expressed its extreme concern over the trend for entities outside the football establishment becoming involved in the organisation of football competitions.

San Diego Padres owner John Moores, using the World Series as a forum to drum up support in a vote next month on a new stadium, has suggested that Yankee Stadium is "subpar" and way behind the times.

A basic framework for an NBA labour agreement appeared to be in place following eight hours of talks Wednesday between NBA owners and players but both sides acknowledged they were not yet close to making a deal.

Iran's soccer federation is weighing an invitation to play friendly matches in the United States, a federation official has said.

The Indianapolis Motor Speedway, once the exclusive domain of the Indianapolis 500, is expected to add a Formula One race in 2000.

Live coverage of raging battles in Washington and Iraq resulted in predictable viewership boosts for broadcasters but it was CBS that ended up beating the competition with its broadcast of an equally historic NFL showdown.