The S&P 500 (SP500) capped an eventful week with a 1.36% gain at 5,702.53 points. The benchmark index crossed the 5,700 level for the first time ever, in this week, that saw the Fed cut interest rates ...

For two generations, American companies have been run to maximize short-term financial returns instead of to produce great ...

Nike ysed to rule the sportswear business. Its recent earnings have been weak. It has too much good competition.

The company has struggled with declining sales, missing its earnings targets and facing predictions of a 10% drop in revenue.

Nike said that Elliott Hill, formerly a longtime executive, would become its next CEO, replacing John Donahoe, whose stewardship led to a decline in the brand and its performance since he took over in ...

Next up is Elliott Hill, a Texas native with a charming George Clooney mug, a lingering Southern drawl, and decades of ...

U.S. stocks closed nearly unchanged on Friday, as investors paused buying after a strong rally in the prior session that was ...

Elliott Hill, a veteran employee at Nike, is returning to the company. But he'll earn over $2 million less than outgoing CEO ...

Nike's John Donahoe is the latest CEO to get the ax amid a difficult environment for retail and consumer-focused companies in ...

Some boards see reinstating a previous executive as a temporary solution — a familiar face can foster stability in a ...

Elliott Hill, who in 2020 retired as the company's president of consumer and marketplace, will succeed Donahoe as president and CEO starting Oct. 14, Nike said Thursday. Donahoe will also step down ...