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Nike's new CEO can't rest on retro styles and must innovate to turn the company around, analyst says
With Nike's new incoming CEO Elliott Hill, Nike needs to re-focus on innovation and selling great stories around its shoes, an analyst told BI.
Nike names former executive Elliott Hill as CEO
Nike (NKE) named a new CEO Thursday, sending its stock up nearly 10% in after hours trading as the company attempts to reinvigorate slowing sales growth amid increased competition. Elliott Hill, a
Nike CEO to Retire, Stock Jumps 8%
Nike stock was soaring after the company announced that it’s CEO would retire. CEO John Donahoe will be stepping down Oct. 13, and will remain an advisor to the company through Jan. 31. He will be
Why Putin’s Attempt to Rewire Global Trade Is Faltering, in Charts and Maps
Moscow redirected oil sales, but forging new routes for other commodities proves difficult amid high costs and U.S. sanctions.
FedEx Stock Slumps. It Wasn’t Just the Earnings That Were Bad.
It wasn’t a strong report, and lower demand for premium services contributed to the disappointment. Industrial customers are relatively heavy users of premium services—think o
23andMe directors resign as the CEO of the genetic-testing company seeks to take it private
All of 23andMe's independent directors resigned from its board this week, a rare move that marks the latest challenge for the genetic-testing company. The resignations follow drawn-out negotiations
Britain's ultra-wealthy are threatening to exit en masse ahead of proposed tax changes
Labour's plans to axe the U.K.'s non-dom tax regime could spark an ultra wealthy exodus, advisers and research bodies have warned.
A $90 Billion World Bank Plan to Electrify Africa Gets Underway
A plan to bring electricity to 300 million Africans by 2030, backed by an initial pledge of $30 billion from the World Bank and the African Development Bank, has begun to be implemented with an
Bank of Japan keeps benchmark interest rate steady as it treads cautiously on normalizing policy
The decision came as the central bank seeks to wean its economy off the long-held ultra-easy monetary policy and curb the yen's slide against the U.S. dollar.
FTSE 100 Live 20 September: Debt hits 100% of GDP, retail sales rally before confidence setback
The FTSE 100 index has fallen 0.5% or 44.77 points to 8283.95, even though futures trading is pointing to fresh Wall Street gains later today. The S&P 500 index closed yesterday’s session at a record
Trump Decries Fed Rate Cut as ‘Political Move’ That Won’t Work
Republican presidential candidate Donald Trump said the Federal Reserve’s decision to lower its benchmark interest rate by a half percentage point was a “political move” and that a smaller cut would
New headache for Rachel Reeves as public borrowing hits 100% of GDP for first time since 1961
New headache for Rachel Reeves as public borrowing hits 100% of GDP for first time since 1961 - The public finances have been put under enormous strain by the costs of responding the triple whammy of
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