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Nike veteran Hill to replace Donahoe as CEO; shares jump  

UPDATE 6-Nike veteran Hill to replace Donahoe as CEO; shares jump   Adds details on Hill's early career at Nike, company background, paragraphs 20-21 Hill's background includes 32 years at Nike, leading commercial and market operations Donahoe's tenure included initial growth but recent sales pressure Shares rise 8% in after-hours trading Analysts and investors cheer return of Hill, expecting improved performance By Juveria Tabassum, Nicholas P.
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Nike's tumultuous years under outgoing CEO Donahoe

TIMELINE-Nike's tumultuous years under outgoing CEO Donahoe Adds Donahoe's retirement Sept 19 (Reuters) - Sportswear giant Nike NKE.N on Thursday named former senior executive Elliott Hill to succeed John Donahoe as its president and CEO, effective Oct. 14. The company has lost about a quarter of its stock market value this year and is down more than 21% since Donahoe joined as the top executive in 2020. Shares of rivals Adidas ADSGn.DE , Hoka owner Deckers DECK.N and On Holding ONON.N have rise
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Nike -Elliott Hill’s Compensation As President And CEO Will Comprise Annual Base Salary Of $1.5 Million

BRIEF-Nike -Elliott Hill’s Compensation As President And CEO Will Comprise Annual Base Salary Of $1.5 Million Sept 19 (Reuters) - Nike Inc NKE.N : NIKE -ELLIOTT HILL’S COMPENSATION AS PRESIDENT AND CEO WILL COMPRISE ANNUAL BASE SALARY OF $1.5 MILLION Source text for Eikon: [ID:n0000320187-24-000053] Further company coverage: NKE.N
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Nike Board Of Directors Announces Long-Time Nike Veteran Elliott Hill To Return As President And CEO

BRIEF-Nike Board Of Directors Announces Long-Time Nike Veteran Elliott Hill To Return As President And CEO Sept 19 (Reuters) - Nike Inc NKE.N : NIKE, INC. BOARD OF DIRECTORS ANNOUNCES LONG-TIME NIKE VETERAN ELLIOTT HILL TO RETURN AS PRESIDENT AND CHIEF EXECUTIVE OFFICER JOHN DONAHOE TO RETIRE FROM NIKE NIKE INC - ELLIOTT HILL TO JOIN NIKE BOARD AND
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Nike rises after naming new CEO

BUZZ-Nike rises after naming new CEO ** Shares of sportswear company Nike NKE.N rise 8.5% to $87.86 in extended trading ** Co's CEO John Donahoe will retire, and Elliott Hill will become president and CEO effective Oct. 14 ** Donahoe will remain as an adviser to the co to ensure a smooth transition through Jan. 31, 2025 ** Up to last close, stock h
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Nike's Hill to return as CEO, Donahoe to retire; shares rise

CORRECTED-UPDATE 5-Nike's Hill to return as CEO, Donahoe to retire; shares rise Corrects time frame and amount in paragraph 9 to "Nike's annual sales are expected to fall to $48.84 billion for fiscal 2025" instead of "Nike's annual sales fell to $48.87 billion for fiscal 2025." Hill's background includes 32 years at Nike, leading commercial and market operations Donahoe's tenure included initial growth but recent sales pressure Shares rise 8% in after-hours trading Analysts and investors cheer r
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Nike CEO John Donahoe to retire

Nike CEO John Donahoe to retire Sept 19 (Reuters) - Nike's NKE.N chief executive officer John Donahoe will retire, and Elliott Hill will become president and CEO effective Oct. 14, the company said on Thursday. Reporting by Juveria Tabassum; Editing by Krishna Chandra Eluri
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US retailers rise as interest rate cut signals increased spending

BUZZ-US retailers rise as interest rate cut signals increased spending ** Shares of U.S. retail companies rise after the U.S. Federal Reserve cut interest rates by 50 bps ** Shares of retailers including Macy's M.N , Bath & Body Works BBWI.N , Lowe's LOW.N , Home Depot HD.N and Best Buy BBY.N rise between 1%-3% ** Fed's rate cut comes at an opportu
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U.S. Athira Pharma, Lowe's Companies, P&G

U.S. RESEARCH ROUNDUP-Athira Pharma, Lowe's Companies, P&G Sept 19 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Athira Pharma, Lowe's Companies and P&G on Thursday. HIGHLIGHTS * Athira Pharma Inc ATHA.O : Mizuho cuts to neutral from outperform * Five Below Inc FIVE.O : JP Morgan cuts to underweight from neutral * Lowe's Companies Inc LOW.N : TD Cowen raises target price to $265 from $240 * P&G PG.N : JP Morgan rai
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U.S. retailers edge higher after first Fed rate cut since 2020

BUZZ-U.S. retailers edge higher after first Fed rate cut since 2020 ** Shares of U.S. retailers edge higher after the Federal Reserve cuts interest rates for the first time in four years ** Shares of retail bellwether Walmart WMT.N up 0.4% while Target TGT.N up 1.5%; furniture retailers Home Depot HD.N and Lowe's LOW.N up 2% and 1.7%, respectively ** Department stores Macy's M.N , Kohl's KSS.N and Nordstrom JWN.N up 1.5%, 1.8% and 1.2%, respectively ** Shares in footwear companies Nike NKE.N , D
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U.S. Autozone, Costco Wholesale, Walmart

U.S. RESEARCH ROUNDUP- Autozone, Costco Wholesale, Walmart Sept 18 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Autozone, Costco Wholesale and Walmart, on Wednesday. HIGHLIGHTS * Autozone Inc AZO.N : Evercore ISI raises target price to $3900 from $3350 * Costco Wholesale Corp COST.O : Evercore ISI raises target price to $985 from $925 * Home Depot Inc HD.N : Evercore ISI raises target price to $420 from $400 * Tra
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Evan Spiegel is the skunk at the founder’s party

BREAKINGVIEWS-Evan Spiegel is the skunk at the founder’s party The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Saba NEW YORK, Sept 13 (Reuters Breakingviews) - Snap SNAP.N architect and boss Evan Spiegel gets points for frankness. In a blog post published last week, he bluntly lays out the reason for the investor chill that has dogged his $16 billion social media company’s stock price: slower advertising growth than its peers.
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Samsung India strike puts spotlight on powerful Indian labour group

Samsung India strike puts spotlight on powerful Indian labour group Labour group CITU-backed Samsung strike enters fifth day The protests cast shadow on Indian PM Modi's manufacturing goals Group plans unions at electronics firms Flex and Sanmina By Munsif Vengattil and Praveen Paramasivam CHENNAI, Sept 13 (Reuters) - A labour strike in India that has disrupted production at a Samsung plant has put the spotlight on a politically-backed worker group which quietly mobilized employees of the South
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Nike shareholders vote against proposal on workers' rights

UPDATE 1-Nike shareholders vote against proposal on workers' rights Adds background on the shareholder proposal By Ananya Mariam Rajesh and Nicholas P. Brown Sept 10 (Reuters) - Nike NKE.N shareholders have voted against a proposal to consider joining binding agreements with supply chain workers to better address human rights issues in high-risk countries at its annual meeting, the company said on Tuesday.
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Nike shareholders vote against proposal on workers' rights

Nike shareholders vote against proposal on workers' rights Sept 10 (Reuters) - Nike NKE.N shareholders have voted against a proposal to consider joining binding agreements with supply chain workers to better address human rights issues in high-risk countries at its annual meeting, the company said on Tuesday. Reporting by Ananya Mariam Rajesh in Bengaluru and Nicholas P.
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Key events at Nike under CEO John Donahoe

TIMELINE-Key events at Nike under CEO John Donahoe Sept 10 (Reuters) - Nike NKE.N will hold its annual meeting virtually on Tuesday and a key issue to be voted on will be a workers' rights agreement, putting the spotlight on its CEO John Donahoe who is under pressure to reverse a long sales slump at the sportswear giant. Nike has lost about a quarter of its stock-market value this year.
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EU's Vestager triumphs in crackdown on Apple's tax deal, Google's practices

UPDATE 4-EU's Vestager triumphs in crackdown on Apple's tax deal, Google's practices Adds Apple's expectations of an income tax charge in paragraph 10 By Foo Yun Chee BRUSSELS, Sept 10 (Reuters) - EU antitrust chief Margrethe Vestager scored two major wins on Tuesday as Europe's top court backed her crackdown against Apple's AAPL.O Irish tax deal and Google's anti-competitive practices in two landmark cases.
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Under Armour warns restructuring may cost more than previously expected

UPDATE 2-Under Armour warns restructuring may cost more than previously expected Recasts with details on restructuring in paragraphs 2-5 Sept 9 (Reuters) - Under Armour UAA.N expects its restructuring efforts to cost more than it had previously forecast, the sportswear maker said on Monday, sending its shares down 3% in aftermarket trade. The company has been looking to turn around its business and sharpen its focus on its core operations under a restructuring plan it unveiled in May, when CEO K
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What to Watch in the Day Ahead - Tuesday, September 10

What to Watch in the Day Ahead - Tuesday, September 10 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT Federal Reserve Vice Chair for Supervision Michael Barr is slated to speak on "Basel III Endgame" before the Brookings Institution, Washington.
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What to Watch in the Week Ahead and on Monday, September 9

What to Watch in the Week Ahead and on Monday, September 9 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT ON MONDAY The U.S. Department of Justice's second antitrust trial against online juggernaut Google, over its alleged monopoly in online advertising technology, is scheduled to begin with o
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