Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill

Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill

John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024. Brendan Mcdermid | Reuters Nike on Thursday announced that its CEO John Donahoe is stepping down and company veteran Elliott Hill is coming out of […]

Darden Restaurants earnings disappoint as Olive Garden, fine dining sales struggle

Darden Restaurants earnings disappoint as Olive Garden, fine dining sales struggle

Darden Restaurants on Thursday reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining restaurants. “While we fell short of our expectations for the first quarter, I firmly believe in the strength of our business,” CEO Rick Cardenas said in a statement. “I am confident in the actions all […]

Home Depot to pay nearly  million to settle suit alleging it overcharged shoppers

Home Depot to pay nearly $2 million to settle suit alleging it overcharged shoppers

A customer enters a Home Depot store on August 16, 2022 in San Rafael, California. Justin Sullivan | Getty Images SAN DIEGO — The Home Depot agreed to a nearly $2 million settlement in a case that alleged it overcharged customers, charging more for items at checkout than the items’ advertised prices. As described by […]