Nike Inc

Nike Plans to Cut $2 Billion in Costs Over the Next 3 Years

Nike Plans to Cut $2 Billion in Costs Over the Next 3 Years

Sportswear giant Nike has unveiled plans to slash costs by approximately $2 billion over the next three years.

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U.S. probes Nike payments under Brazil soccer deal: WSJ

U.S. authorities are examining payments made by Nike Inc under a 1996 soccer sponsorship deal with Brazil for possible evidence of wrongdoing by the company or others, the Wall Street Journal reported on Friday, citing people familiar with the matter.

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Nike backs Obama on trade with pledge to create 10,000 U.S. jobs

Sports shoe maker Nike Inc put its weight behind President Barack Obama's push for a trade deal with Asian countries on Friday with a promise to create up to 10,000 U.S.-based manufacturing jobs if the pact is approved.

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Nike shares spike as profit beats estimates

Nike Inc's (NKE.N) shares rose as much as 11 percent to a record high after the world's largest sportswear maker reported a better-than-expected quarterly profit, prompting at least 13 brokerages to raise their price targets on its stock.

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