Nike shows bricks and mortar stores still needed

Nike's global revenues for the fiscal fourth quarter fell 38% to US$6.3 billion which saw the multinational corporation suffer a loss of US$790 million for the period, from a profit of US$989 million a year ago

Thierry Delaporte first non-Indian to run Wipro

"Thierry has an exceptional leadership track record, strong international exposure, deep strategic expertise, a unique ability to forge long-standing client relationships, and proven experience of driving transformation and managing technological disruption," said Rishad Premji, Chairman, Wipro Ltd

The new CEO at Aston Martin has a stellar record

"I believe that there is a significant opportunity to harness the strengths of the business to successfully deliver the planned product expansion and brand elevation," said Aston Martin Lagonda's new CEO Tobias Moers.

Alibaba predicts sales of US$91 billion

Alibaba's mobile users grew and sales for the company's cloud computing business, which competes with similar services from Amazon, Google owner Alphabet and Microsoft, increased 58% from last year