Nike

The impact of the coronavirus on major U.S. corporations across the country shows no signs of slowing down.

A jury convicted high-profile lawyer Michael Avenatti on all counts in his Nike extortion trial on Friday. Prosecutors maintained Avenatti threatened to use his fame to stage a news conference and deliver claims that Nike executives were corrupting college basketball by funding payments to elite young players and their families — unless he was paid millions of dollars to conduct…

The high-profile lawyer was convicted of trying to get more than $25 million from Nike in what prosecutors called “an old fashioned shake down.” NBC New York’s Michael Avenatti reports.

A Los Angeles amateur basketball league’s founder has told jurors that Michael Avenatti betrayed him when the lawyer threatened to make his complaints against Nike public.

At the Tokyo 2020 Olympics, elite athletes will sleep on beds made of cardboard. Olympic medals are being constructed out of recycled electronics, such as cell phones. And Nike will be dressing its athletes in uniforms and sneakers made out of recycled polyester and ground-up shoe parts. It’s part of a broader sustainability push by the shoe retailer as it seeks...

A lawyer for Nike testified Thursday that he felt like a stickup victim when well-known attorney Michael Avenatti demanded up to $25 million to stop him from igniting a media scandal by publicizing claims that Nike employees paid the families of elite high school basketball players. The lawyer, Scott Wilson, is the first witness in the criminal trial of the…

Kobe Bryant’s Nike collection sold out after the basketball star died in a helicopter crash on Sunday, and now the athletic company is figuring out its strategy for future new releases, according to NBC News.

Some potential jurors claimed to know nothing of the lawyer, but one acknowledged being influenced by “Mr. Trump” and called Avenatti “opportunistic”

With a trial approaching, a judge denied a request Monday from attorney Michael Avenatti to toss out charges alleging he tried to extort up to $25 million from Nike by threatening to muddy its name. U.S. District Judge Paul G. Gardephe said in a written ruling that the indictment adequately alleges that “Avenatti used threats of economic and reputational harm…

Dozens of loved ones, local residents and community leaders gathered Saturday night in South Jersey to hold an emotional vigil for 5-year-old Dulce María Alavez, who disappeared from a park earlier this week.

e’s new “True to 7” shoe with former NFL quarterback Colin Kaepernick sold out on the first day of its North American release, according to the company’s website.

California attorney Michael Avenatti remains on track for his first criminal trial next month after entering a not guilty plea Tuesday to the latest charges stemming from his negotiations with the sportswear giant Nike. Avenatti is accused of trying to extort millions of dollars from the company. Prosecutors had dropped conspiracy charges in a rewritten indictment. He also faces trial…

Nike will investigate accusations of abuse by Mary Cain while she was part of Alberto Salazar’s training group. The runner says it reached the point where she started having suicidal thoughts and cutting herself. Cain joined the disbanded Nike Oregon Project run by Salazar in 2013, soon after competing in the 1,500-meter final at track and field’s world championships when...

Under Armour founder Kevin Plank will step down as CEO in the new year to become the company’s executive chairman and brand chief. Patrik Frisk, who became president and chief operating officer two years ago, will be the athletic gear company’s second CEO since it was founded in 1996. The 56-year-old Frisk will report to Plank and will take a...

Four-time Olympian Shalane Flanagan and noted U.S. marathon champion is retiring from competitive running after a 15-year career, the Massachusetts native announced Monday morning on social media. In two posts on Instagram, Flanagan explained she will be transition to a role as professional coach for the Nike Bowerman Track Club in Portland, Oregon.

A Brooklyn-based design company unveiled a new line of ‘Jesus Shoes’ on Tuesday, complete with holy water, frankincense and a crucifix. The shoes cost as much as $4,200 a pair and sold out in minutes.

More than 14,800 fake Nike shoes were seized in a counterfeiting operation after authorities at the nation’s largest seaport examined two shipping containers that arrived from China.

Only moments after Shelly-Ann Fraser-Pryce zoomed past the finish line Sunday night, she scooped up something more precious than gold. Her 2-year-old son Zyon came down to the track to join her for the victory lap. What a fitting way to celebrate the Jamaican speedster’s fourth and hardest-earned 100-meter title at world championships. “A victory for motherhood!” Fraser-Pryce said. Sure...

Target said Monday it will be taking its recently revamped loyalty program, called Target Circle, nationwide beginning Oct. 6. CNBC had reported back in February that Target was piloting the program, which includes new perks like a birthday reward, in five markets – including in Charlotte, North Carolina, and in Phoenix. Prior to that, Target Circle was being tested more...

Sneaker giant Nike will sell New York City-branded merchandise under a two-year licensing agreement