By Juveria Tabassum (Reuters) -Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president and CEO, as the sportswear giant shakes up its top rank amid efforts to revive sales and battle rising competition. The company’s shares were up 9% in extended trading. Hill was…
By Patricia Zengerle and Mike Stone WASHINGTON (Reuters) – Pro-Ukraine U.S. congressional leaders and President Joe Biden’s administration are near an agreement to seek a one-year extension of $6 billion in military aid for Ukraine that is due to expire this month, according to two sources familiar with the matter. There is bipartisan support for…
By Shariq Khan NEW YORK (Reuters) – Oil prices extended their recent recovery rally and rose more than 1% on Thursday as a large cut in U.S. interest rates and declining global stockpiles helped offset some of the demand concerns arising from weak consumption in China. Brent futures settled at $74.88 a barrel, up by…
(Reuters) -FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast as demand in the package industry remained muted, especially for priority services. The company’s shares fell about 11% to $268.21 after the bell. FedEx and other transportation firms expanded operations during the pandemic-fueled online shipping…
