Nike CEO Mark Parker to step down—John Donahoe to replace him in 2020

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Nike CEO Mark Parker to step down—John Donahoe to replace him in 2020

Nike said Tuesday afternoon its longtime CEO Mark Parker is stepping down, effective January of next year. In a sign of the company’s focus on digital, he will be replaced by John Donahoe, a Nike board member and the CEO of ServiceNow. Donahoe was …
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Hasbro hit hard by tariffs just before the holidays

New York (CNN Business) The Force and Frozen couldn’t save toy maker Hasbro from the US-China trade war. Hasbro (HAS) shares plunged 15% Tuesday after the company posted sales and earnings that missed forecasts, due in large part to tariffs on its …
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Best Buy follows Amazon, Walmart in next-day delivery push in time for the holidays

Best Buy announced Tuesday that it will now offer free next-day delivery on thousands of items — right in time for the holiday season. The new delivery service covers items such as tablets, headphones and even espresso machines but excludes larger items …
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Boris Johnson Loses Vote on Fast-Track Brexit Legislation

Boris Johnson's defining mission to take the U.K. out of the European Union in nine days' time was derailed as members of Parliament dramatically
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Snap beats revenue estimates as it adds more users

(Reuters) – Snap Inc (SNAP.N) beat analysts’ quarterly estimates for revenue on Tuesday as it added more users to its photo messaging app Snapchat, helped by new features such as games within the app. FILE PHOTO: A woman stands in front of the logo of …
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