Nike announced it will build a new global campus in Bengaluru, India, which CEO Elliott Hill called a 'long-term investment' expected to open within the next few years and to house corporate roles across Nike, Jordan Brand and Converse. The move comes as Nike works to turn its business around, with revenue in Greater China falling 26% in the fiscal first quarter even though North America revenue slightly beat expectations. A Nike spokesperson said the company remains 'deeply committed' to China, which it sees as one of its most important long-term growth markets. Experts say investing in India requires persuading consumers to adopt the brand, a challenge Nike has also struggled with in China. Nike also plans to cut jobs and target about $2.5 billion in savings through fiscal 2031 under its Pace strategy, and it will discuss the India campus in detail at its investor day next month.
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- NiSource announces long - term agreement with Microsoft expected to increase customer savings and support Indiana economic growth | Government
NiSource (NYSE: NI) announced a new long-term energy agreement with Microsoft for its northwest Indiana campus, under which new large-load customers are served through NiSource Generation Company LLC (GenCo) in a way designed to shield existing NIPSCO electric customers from incremental costs. The deal builds on previously disclosed expected customer savings of $1.4 billion over the life of data center contracts, raising total expected NIPSCO electric customer savings to approximately $1.75 billion, or as much as $140 per customer annually. Microsoft is expected to begin taking electric service under a 20-year term starting in 2028 and will fully fund the generation and transmission it requires, while the GenCo-owned pool portfolio will grow by about 1,100 MW. GenCo has also contracted 600 MW of battery storage under a long-term tolling agreement, and CEO Lloyd Yates said affordability is not separate from economic development. Further operational and financial details will be shared on the company's third-quarter earnings call.
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