Bloomberg Nike Inc is cutting jobs as the world’s largest athletic brand refocuses on selling directly to consumers, pushing further away from a traditional retail channel that’s been ravaged by the pandemic. CEO John Donahoe, a longtime Silicon Valley executive who took the helm at Nike in January, announced a new phase in its e-commerce push called the Consumer Direct ...

Bloomberg Hindustan Unilever Ltd’s decision to rename its melanin-suppressing face cream, Fair & Lovely, will probably need a large media campaign to win over consumers which poses short-term risk to its margin in that particular segment, according to Jefferies India Pvt. The product, which earns more than $500 million in annual revenue for Unilever Plc from India alone, will be ...

Bloomberg The White House denied reports that President Donald Trump had been briefed by intelligence officials about, but had done nothing to respond to, an effort by Russian President Vladimir Putin to put bounties on US and allied troops in Afghanistan. The statement came shortly after Democratic presidential nominee Joe Biden slammed Trump for the alleged inaction, which was first ...