A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these is legit, even though they were shared widely on social media. The Associated Press...
A roundup of some of the most popular but completely untrue headlines of the week. None of these stories is legit, even though they were shared widely on social media. The Associated Press checked these out. Here are the real facts:
NOT REAL: Michael Jordan Resigns From The Board At Nike - Takes 'Air Jordans' With Him
Basketball legend Michael Jordan is not leaving the Nike Inc. board of directors, and his namesake brand, the Air Jordan sneaker, remains with the shoe and apparel company.
Jordan has never sat on the company's board of directors, said Mitch Germann, a spokesman for Jordan Brand, which Nike owns. And, although Jordan has played a significant role with the brand, which includes the Air Jordan shoes, the division is owned by the company -- not Jordan.
BEAVERTON, Ore. (AP) — Shares of Nike Inc. jumped in after-market trading Thursday after the sneaker giant posted better-than-expected results.
The Beaverton, Oregon-based company said it earned $1.14 billion, or 69 cents per share, in its fiscal fourth quarter. Revenue was $9.79 billion, a 13 percent rise over the same period a year earlier.
NEW YORK (AP) — Nike says a second high-level executive has left the sneaker company, a day after it said another executive was stepping down.
A Nike Inc. spokesman declined to say why Jayme Martin, a vice president at the company, had left.
BEAVERTON, Ore. (AP) — Sports apparel brand Nike says one of its senior executives will step down in August.
Nike did not say why Trevor Edwards, its brand president who had been seen as a possible future CEO, was leaving the company. The Wall Street Journal reported that his resignation was announced to Nike employees in an internal memo that said the company had received complaints about inappropriate workplace behavior.
BEAVERTON, Ore. (AP) — Nike Inc. says its fiscal first-quarter profit fell 24 percent because of a higher tax rate and unfavorable foreign exchange rates, but the results still beat Wall Street expectations. Investors initially cheered the results, but got skittish and sent the shares down 3 percent in extended trading.
PORTLAND, Ore. (AP) — A coalition of business heavyweights has revealed a $5.26 million-war chest of donations it has been assembling during the past year to fight Initiative Petition 28 — the public unions' massive corporate tax-hike proposal headed for the November ballot.
Launching what's expected to be one of Oregon's most expensive political brawls to date, Defeat The Tax On Oregon Sales filed initial campaign paperwork late Monday with the state showing almost...