Latest Corporate management News
Britain hosts an international investment summit and denies snubbing Elon Musk
LONDON (AP) — Britain’s new Labour Party government announced 63 billion pounds ($82 billion) in investment in U.K. artificial intelligence, life sciences, infrastructure and technology on Monday at a business summit attended by executives from major international companies — though it was...
Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production
Boeing plans to lay off about 10% of its workers in the coming months, about 17,000 people, as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes. New CEO Kelly Ortberg told staff in a memo Friday...
Woman accusing Vince McMahon of sexual abuse asks WWE to waive confidentiality agreements
A former WWE employee who filed a lawsuit against the company and ex-leader Vince McMahon, accusing him of sexual battery and trafficking, is asking them to not enforce nondisclosure agreements with other former and current employees and contractors so they can potentially come forward with similar...
Senators ask Justice Department to take tougher action against Boeing executives over safety issues
Two U.S. senators have asked the Department of Justice to take tougher action against Boeing executives by holding them criminally accountable for safety issues that have impacted its airplanes. In a letter dated Wednesday and sent to Attorney General Merrick Garland, Democratic...
Reid Airport expansion plans call for more passenger gates, could reduce delays
A plan to expand and modernize Harry Reid International Airport in Las Vegas — the seventh-busiest airport in North America — received an informal go-ahead from Clark County commissioners Tuesday. The proposal, presented by County Department of Aviation officials, would increase...
WeightWatchers CEO who oversaw diet company's move into weight loss drugs abruptly leaves role
NEW YORK (AP) — WeightWatchers is shaking up its leadership. WW International announced Friday that CEO Sima Sistani would leave her role effective immediately. Tara Comonte, a WeightWatchers board member and former Shake Shack executive, was made interim chief executive. ...
A Massachusetts woman accused of running a high-end brothel network pleads guilty
BOSTON (AP) — A Massachusetts woman accused of operating a high-end brothel network with wealthy and prominent clients in that state and the Washington, D.C., suburbs pleaded guilty in federal court Friday. Han Lee and two others were indicted earlier this year on one count of...
Southwest Airlines says it will introduce assigned seats and premium perks in 2026
DALLAS (AP) — Southwest Airlines executives on Thursday unveiled their vision for Southwest 2.0, an airline that for the first time will give passengers assigned seats, charge them extra for more legroom and offer red-eye flights. And bags still will fly free. The airline will also...
OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
OpenAI's history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders. The artificial intelligence...
Drag queen Pattie Gonia aims to give the climate movement a makeover with joy and laughter
NEW YORK (AP) — Dressed in a sequin-laced, sleeveless top and puffy pink skirt, drag queen Pattie Gonia strides around the stage in white high-heeled boots that come up to the knees, telling the crowd that nature must be a woman. “She is trying to kill us in the most...
