For the first time in a long time, Nike CEO Elliot Hill was able to talk about wins. “Nike’s journey back to greatness has only just begun,” he told analysts on the company’s earnings call this week. The numbers tell the story. Nike reported a one percent rise in revenue for its quarter ending Aug....
The U.S. Department of Energy has taken equity stakes in Canadian company Lithium Americas and its Nevada mining joint venture with General Motors as part of a renegotiation of a federal loan. Under the new terms, the U.S. government will take a 5% equity ownership in Lithium Americas and a 5% ownership in the Lithium...
Nike on Tuesday reported a surprise rise in first-quarter revenue and beat expectations for quarterly profit as the sportswear giant rebuilds its presence at wholesalers and CEO Elliott Hill’s turnaround efforts take hold. But executives offered cautious comments about the pace of improvement. Shares rose 1.5 percent. “Nike beat the low bar set for EPS...
The prime minister has warned Reform UK “will tear this country apart” ahead of the Labour party conference. Arriving in Liverpool on Saturday, Sir Keir Starmer said Reform’s plans to abolish indefinite leave to remain (ILR) for legal migrants was one of “the most shocking things” Nigel Farage’s party had said. Sir Keir said the...