Nike CEO John Donahoe is out, replaced by Elliott Hill
John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024. Brendan Mcdermid | Reuters Nike on Thursday announced that its CEO John Donahoe is stepping down and company veteran Elliott Hill is coming out of […]
Nike’s shares are rallying after it named a new CEO. One analyst says it still has work to do.
Elliott Hill will replace John Donahoe as chief executive next month, following months of struggles for the athletic-wear giant.
Civil rights groups urge Fortune 1000 to protect DEI
Twenty civil rights organizations sent a letter Thursday to Fortune 1000 companies calling for them to recommit to diversity, equity and inclusion, after several major companies scaled back their efforts. The call to action comes after businesses including Ford, Tractor Supply, Brown-Forman announced plans to change or entirely end internal DEI initiatives. “Abandoning DEI will […]
Fertility-benefits provider Progyny’s stock on track for biggest-ever decline after losing ‘significant’ client
Progyny Inc.’s stock tumbled 31% Thursday, to put it on track for its biggest-ever one-day decline, after the provider of fertility-care benefits for employers said a “significant” client had terminated its agreement with the company.
JetBlue to build airport lounges in New York, Boston
JetBlue planes at JFK’s Terminal 5 in New York. Leslie Josephs | CNBC JetBlue Airways will open its first airport lounges in its more than two decades of flying, a major shift for the low-cost airline as it chases high-spending travelers. The lounges will open at New York’s John F. Kennedy International Airport late next […]
Builders FirstSource’s stock rises as it names new CEO
Peter Jackson, who has worked at Builders FirstSource for seven years, will be the next CEO of the company.
JPMorgan investment bank creates new role overseeing junior bankers
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023. Evelyn Hockstein | Reuters JPMorgan Chase has created a new global role overseeing all junior bankers in an […]
Boeing starts furloughing ‘large number’ of employees amid strike
Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Getty Images Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO […]
‘He has never paid rent or utilities:’ Do I have the legal and moral authority to charge my brother rent to live in our family home?
‘My brother has been living there while my father was alive — and still is. He did not pay any rent or utilities’
Tennessee to raise season ticket prices 10% for revenue sharing
Nico Iamaleava, #8 of the Tennessee Volunteers, warms up prior to the Duke’s Mayo Classic against the NC State Wolfpack at Bank of America Stadium in Charlotte, North Carolina, on Sept. 7, 2024. Jared C. Tilton | Getty Images The University of Tennessee is raising its season ticket prices by 10% across all its sports […]
