Umbro PLC, a British supplier of soccer apparel and equipment, has agreed to be taken over by Nike Inc., in a £285 million ($582 million) deal.

Nike plans to operate Umbro as an independent, U.K.-based subsidiary, like its Converse brand.

Umbro designs, sources and markets soccer-related apparel, footwear and equipment sold in more than 90 countries.

Google Inc.'s stock price sailed past $600 for the first time Monday before slipping back to $597.13 in morning trading, extending a rally that has elevated the Internet search leader's market value by about $25 billion in the past month.

Investors kicked CarMax's tires until they fell off Wednesday after the used-car seller put the brakes on its full-year profit forecast. Shares skidded to close down 15%.