World Feb 25, 2016

At $700 million, Stanford boasts world's biggest scholarship program

Nike co-founder Phil Knight is donating $400 million to Stanford University to help create the largest fully endowed scholarship in the world with the goal of preparing a new generation of global leaders, university officials said Wednesday. With Knight's gift and donations from alumni and ...

More Sports / Boxing Feb 18, 2016

Nike cuts ties with boxer Pacquiao

Manny Pacquiao's comments disparaging gays have cost him his contract with apparel giant Nike. The company issued a release Wednesday saying it has dropped the Filipino boxer after he was quoted as saying gay people "are worse than animals." Nike called Pacquiao's comments "abhorrent" and said ...

Basketball / NBA Dec 8, 2015

LeBron signs lifetime deal with Nike

LeBron James has a contract with Nike that will last long after he hangs up his sneakers. The NBA megastar has signed a lifetime endorsement deal with the athletic apparel giant, a deal which extends a partnership James began with Nike before he graduated from ...

Basketball / NBA Oct 23, 2015

Nike store to sell only Jordan merchandise

Nike is opening a Michael Jordan-only store in Chicago's Loop this weekend. The new Jordan Brand store opens Saturday. The Chicago Tribune reported it will sell merchandise with the trademarked Michael Jordan "Jumpman" silhouette. Nike also plans stores in New York, Los Angeles and Toronto ...

General Oct 22, 2015

University of Texas locks up 15-year deal with Nike

Texas has reached a new 15-year equipment, licensing and apparel deal with Nike Inc., sticking with the company that has put its brand on Longhorns jerseys since 2000, a person with knowledge of the negotiations told The Associated Press on Wednesday. The deal is expected ...

Symmonds won't compete for Team USA at worlds

More Sports / Track & Field Aug 11, 2015

Symmonds won't compete for Team USA at worlds

Nick Symmonds' next destination? A fishing hole somewhere far away from the finish line in Beijing. As other runners wrap up their preparation for the upcoming IAAF World Athletics Championships, Symmonds plans to retreat into nature seeking solitude after being left off the U.S. squad ...