Latest Corporate management News
PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash
HONG KONG (AP) — A top Baidu public relations executive has reportedly departed the Chinese technology company after she drew public outcry over her comments that were seen as glorifying a culture of overwork. Baidu’s head of communications Qu Jing had implied in a series of...
US utility pledges more transparency after lack of notice it empowered CEO to make plant decisions
NASHVILLE, Tenn. (AP) — The nation's largest public utility on Thursday pledged to be more transparent after it took months to disclose that a general budget vote by its board last year also gave the CEO the final decision over several proposed natural gas power plants. The...
Financial executive convicted of insider trading in case over acquisition of Trump's media company
NEW YORK (AP) — A financial executive was convicted Thursday of enabling his boss and others to make over $22 million illegally by trading off his tips ahead of the public announcement that an acquisition firm was taking former President Donald Trump’s media company public. An...
Privia Health: Q1 Earnings Snapshot
ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — Privia Health Group Inc. (PRVA) on Thursday reported first-quarter profit of $3 million. On a per-share basis, the Arlington, Virginia-based company said it had profit of 2 cents. The results did not meet Wall Street...
TTEC: Q1 Earnings Snapshot
GREENWOOD VILLAGE, Colo. (AP) — GREENWOOD VILLAGE, Colo. (AP) — TTEC Holdings Inc. (TTEC) on Wednesday reported a loss of $2.3 million in its first quarter. On a per-share basis, the Greenwood Village, Colorado-based company said it had a loss of 5 cents. Earnings, adjusted for...
Former head of one of China's top state-owned phone companies sentenced to 16 years for corruption
BEIJING (AP) — A Chinese court sentenced the former head of one of the country's three major state-owned phone carriers to 16 years in prison Tuesday on charges of accepting bribes and abusing his authority, part of leader Xi Jinping’s politically-tinged anti-corruption campaign. ...
Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle
Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales. In a LinkedIn post published over the weekend, Schultz said many people had reached out to him after Starbucks...
Swiss company to build $184 million metal casting facility in Georgia, hiring 350
AUGUSTA, Ga. (AP) — A Swiss company will build a plant in Georgia to make lightweight parts cast from metal for vehicles and energy generation. GF Casting Solutions, a division of Georg Fischer AG, announced Friday that it would invest $184 million in the plant in Augusta, with...
Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett
OMAHA, Neb. (AP) — Everyone knows Warren Buffett 's successor won't be able to match the legendary investor, but Berkshire Hathaway 's board remains confident Greg Abel is the right guy to one day lead the conglomerate into the future. Longtime Berkshire board member Ron Olson...
Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says
Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion, according to a person familiar with the details. Sony would be the majority shareholder and Apollo would have a minority stake, according to the...
