The hedge fund billionaire Bill Ackman has bet big on the iconic American brand. His firm, Pershing Square, acquired three ...

Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month.

Nike's hard-hit shares rallied Friday as Wall Street analysts largely welcomed the company's appointment of veteran executive ...

Nike stock is up more than 8% following the Oregon-based company’s announcement on Thursday that John Donahoe was stepping ...