Siemens IT Solutions and Services, a leading provider of IT technology solutions, announced today that it has been awarded a global 5-year contract to provide end-user outsourcing services to NIKE, Inc. (NYSE: NKE), the world's leading designer, marketer, and distributor of athletic footwear, apparel, equipment, and accessories.

NIKE, Inc. (NYSE: NKE) today reported financial results for the first quarter, ended August 31, 2007. Revenue grew 11 percent to $4.7 billion, compared to $4.2 billion for the same period last year. Changes in currency exchange rates increased revenue growth by 3 percentage points for the quarter.

One more Nike company's store was opened in China's capital Beijing on Friday. The company increases its presence in the country as the Chinese economy grows and the next year's Olympics approaches.

World's Number One Basketball Brand Joins Forces with Europe's Premier Basketball League

Nike and Euroleague Basketball have announced a new five-year partnership to make Nike the official basketball supplier for Euroleague competition. The union of the world's number one basketball brand with two of the best Pan-European basketball competitions is the latest demonstration of both organizations' commitment to growing the game in Europe.

Nike Brings PE to More Than 400 Schools Across the U.S. and Gets Kids Moving During National Physical Fitness and Sports Month

Reebok has sued Nike for infringing on a patent covering "collapsible shoe" technology that allows sneakers to be folded so they can more easily be packed for travel or shipping.