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Business 24 Jul 2019 | 11:09 PM

What Google, Facebook could face in US antitrust probe

NEW YORK: The U.S. Department of Justice is investigating whether big technology companies are engaged in anticompetitive behaviour, addressing a rising tide of criticism they have become too powerful to the detriment of consumers

Business 23 Jul 2019 | 10:55 PM

Nike shoes race to US$437,500 world record auction price for sneakers

NEW YORK: A pair of 1972 running shoes, one of the first pairs made by Nike Inc, sold for $437,500 on Tuesday, shattering the record for a pair of sneakers at public auction.

Business 07 Apr 2019 | 11:00 PM

Top US court rebuffs challenge to Nike over Michael Jordan photo

WASHINGTON: The U.S. Supreme Court on Monday declined to consider reviving a copyright case in which Nike Inc was accused of unauthorized use of photographer Jacobus Rentmeester's famous 1984 photograph of basketball superstar Michael Jordan soaring through the air.

Corporate News 02 Mar 2019 | 12:00 AM

Asia’s upcoming unicorn

THERE’S a new Asian unicorn in town.

Corporate News 21 Feb 2019 | 10:56 PM

Nike stumbles into social media storm after basketball star's shoe splits, shares fall

NEW YORK: A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the malfunction.

Markets 21 Feb 2019 | 10:28 PM

Wall St. breaks run of gains as economic data disappoints

NEW YORK: Weak economic reports pressured U.S. stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum.