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Nike’s $50bn bluster looks dead just two years later

Bloomberg With its shares and confidence surging, Nike Inc. was on top of the world in 2015. The company was at an “all-time high,” Chief Executive Officer Mark Parker said at an investor day in October of that year. He predicted sales would jump 63 percent by 2020 to total $50 billion annually. “It’s clear that Nike is a growth ...

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Boeing invests in drone startup in push for automated technology

Bloomberg Boeing Co. is investing in Pittsburgh-based Near Earth Autonomy, a self-guided drone startup, marking its first financial backing for a company specialising in autonomous technology since establishing the HorizonX venture fund in April. Boeing, the world’s largest aerospace company, declined to specify the size of the investment. Near Earth Autonomy authorized the sale of about $10 million in equity, ...

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Amazon gets 238 proposals for second headquarters

Bloomberg Amazon.com Inc.’s second headquarters, dubbed HQ2, has lured 238 proposals extending across 54 states, provinces, districts and territories in North America, the company said. Only seven US states refrained from bidding: Arkansas, Hawaii, Wyoming, North Dakota, South Dakota, Montana and Vermont, according to a map Amazon published on its website. Cities are battling for Amazon’s investment of $5 billion ...

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