The Dow fell for the fourth day and other indexes ended well off the day's highs on Wednesday after the Federal Reserve reiterated concerns about the economic outlook at the end of its policy meeting.
Nike Inc reported a worse-than-expected global decline in forward orders sending shares of the world's largest athletic shoe and clothing company down 4.1 percent.
Nike Inc posted better-than-expected quarterly earnings but its forward orders fell 12 percent, sending shares of the world's largest athletic shoe and clothing company down 5 percent.
Nike Inc , the world's largest maker of athletic shoes and apparel, will slash 5 percent of its 35,000-strong global workforce, or 1,750 jobs, in the largest headcount reduction in the company's history.
(Correcrts third paragrah to indicate approximately 6,800 workers are at headquarters)
Nike Inc will slash 5 percent of its 35,000-strong global workforce in a sweeping overhaul to boost competitiveness.
President Barack Obama signed a $5.7 billion national service bill Tuesday to encourage Americans to volunteer, which also expands ways for college students to make money.
The Ethisphere Institute on Monday named 99 companies it says are the world's most ethical, its third annual listing designed to encourage ethical practices within the global business community.
NIKE Inc, the world's leading retailer of athletic footwear and apparel maker, said Wednesday its sales dropped in the third quarter of 2009.
Nike Inc , the largest global athletic shoe and clothing maker, beat Wall Street expectations on Wednesday with third quarter earnings but warned of shrinking worldwide demand.
Samsung Electronics, the world's largest electronics and information technology company headquartered in Suwon, South Korea has teamed up with Adidas, the German sportswear giant, to launch miCoach - a pedometer, heart rate monitor, MP3 player and a cell phone, all rolled into one.
College student Li Aihua wears his tattered, grungy Li Ning basketball sneakers with pride.
US Stocks dropped in late morning trading, in spite of higher than expected earnings results from Oracle Corp. and Nike Inc.
Nike Inc, reported Wednesday that its second quarter net income grew 10 percent, gained on international sales growth and athletic footwear.
Shares in Adidas rose more than 3 percent on Monday as traders cited market talk that U.S. rival Nike and Japanese sports shoe maker Asics were interested in the German company.
Umbro, the company which makes the sports kit for the England soccer team as well as for six of the UK Premier League clubs, has today agreed to a takeover by Nike in a £285 million deal.
Nike Inc sales in China are growing at over 50 percent annually and will reach $1 billion within a year, making the mainland its second largest market globally, Chief Executive Mark Parker said on Thursday.
U.S. stocks jumped on Friday as higher-than-expected results from software maker Oracle Corp and a share buyback from Texas Instruments Inc boosted technology shares.
U.S. stock index futures rose on Friday after Nike and Oracle reported higher-than-expected financial results, but trading was likely to be volatile as equity derivative contracts expired.
Nike, the world's leading maker of sports apparel, shoes and fitness instruments, has rebuffed the claims of its German rival Adidas that it has unlawfully used Indian cricket star Sachin Tendulkar's images for endorsements while he was not playing for the country.
A company director made the statement after the firm made a decision to scrap contracts with two of its suppliers
Nike Inc. (NYSE: NKE) posted higher fourth-quarter net profit on Tuesday, beating Wall Street estimates and sending shares up 4 percent in extended trade, as strong sales of Nike-branded footwear helped offset overall challenges in the U.S. athletic shoe market.
