Tag Archives: turnaround

Nike on Thursday disclosed a new round of layoffs, this time impacting its corporate team. The move comes after president and chief executive officer Elliott Hill raised the possibility of layoffs in June during Nike’s earnings report for the fourth quarter of fiscal 2025. Nike told Footwear News that 1 percent of its corporate employees will be let go. An …

(Reuters) -Nike said on Thursday it is planning to cut less than 1% of its corporate workforce as part of the sportswear maker’s plans to turn around its business under CEO Elliott Hill. Under Hill, the company has been investing in its running shoe and sneaker lines to reclaim lost ground in the segments, while rekindling relationships with retailers and …

UnitedHealth (UNH) stock has plunged 40% year-to-date due to multiple reasons, including the U.S. Department of Justice’s (DOJ) investigation into the company’s Medicare billing practices and disappointing financials due to higher medical costs, mainly related to Medicare Advantage plans. Despite the ongoing pressures, most analysts remain bullish on UNH stock and patiently await a turnaround in the health insurer’s business. …

It’s easy to feel cursed in Arizona. It’s natural to be cynical in a market that produced one major professional championship in nearly 150 seasons as a four-sport town. But magic happened on Wednesday. We saw it with our jaded eyes. The Diamondbacks conjured up their most important victory of the season, beating the Rangers with a ninth-inning blitz from …

Intel Stock Gets a Boost From Trump Meeting. It Needs More for a Real Turnaround.  Barron’s President Trump Calls Intel C.E.O. a ‘Success’ After Meeting  The New York Times Intel stock jumps after Trump calls meeting with CEO Lip-Bu Tan ‘interesting,’ signals more talks ahead  Yahoo Finance Ohio’s Intel plant has been stalled for years, now Trump, Moreno, Husted are getting involved  Ohio Capital …

Trump call to oust Intel CEO Tan could sidetrack chipmaker’s turnaround  Reuters My commitment to you and our company  Intel Newsroom The day after Trump called Intel’s chief ‘conflicted,’ former directors call for a new company, a new board and a new CEO  Fortune Exclusive | Intel’s CEO, Under Attack From Trump, Is Already at Odds With His Board  The Wall Street Journal Intel’s …

For all of the work Henry Davis has done in the batting cage trying to find his way out of a funk at the plate, the Pittsburgh Pirates catcher got some simple but sage advice from a baseball lifer. After taking early batting practice Thursday, it was a conversation with Gene Lamont that led to a breakthrough. What the 78-year-old …

As an aeronautics grad student at MIT in the 2010s, Brian Yutko was obsessed. He’d work deep into the night mining “black box” data and destination codes buried in antiquated computer languages like Fortran for obscure flight stats. He wowed his thesis advisor with his work on fuel efficiency. Among Yutko’s findings: Airlines could reduce pollution by 7% by flying …

Starbucks CEO details brand reset plan as turnaround efforts drive sales beat  Reuters Starbucks same-store sales fall again, but CEO Niccol says turnaround is ahead of schedule  CNBC Starbucks looks to protein drinks and other new products to turn around lagging US sales next year  ABC News Starbucks stock pops, US same-store sales fall less than feared as new CEO Brian Niccol continues …

By Savyata Mishra (Reuters) -Starbucks reported better-than-expected revenue rise for the third quarter, as demand in China improved while investments in labor and store operations, and changes to the menu helped it offset slowing consumer spending in its domestic market. The Seattle-based company’s shares rose 3.6% to $96.33 in extended trading on Tuesday. After several quarters of falling sales, the …