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 ...

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 ...

The former leader returns to the athletic sportswear and apparel company, which has seen sluggish sales in the past year.

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

The Bank of England could cut interest rates to 2.75pc next year, analysts have suggested, amid growing confidence that the ...

Nike Inc. spent nearly $104 million on pay and benefits for John Donahoe during his near five-year tenure atop the ...

Nike shares are up nearly 8% after the sneaker maker said it would replace Chief Executive John Donahoe with comp ...

The world's biggest sportswear group said John Donahoe will stand down as president and chief executive next month.