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 ...

Wall Street cheered Nike’s move to oust CEO John Donahoe this week as the sneaker giant’s stock, which had been lagging over ...

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 ...

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

The Dow Jones Industrial Average stretched its record closing run Friday while the S&P 500 retreated from Thursday's all-time high as markets evaluated remarks by two Federal Reserve governors. The ...

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 ...