Latest Corporate management News

G-7 nations expected to pledge 1B vaccine doses for world

Jun. 10, 2021 17:30 PM EDT

ST. IVES, England (AP) — The Group of Seven nations are set to commit to sharing at least 1 billion coronavirus shots with the world, British Prime Minister Boris Johnson announced Thursday, with half coming from the U.S. and 100 million from the U.K. as President Joe Biden urged allies to...

GameStop names Amazon veteran as CEO; sales accelerate

Jun. 09, 2021 18:49 PM EDT

NEW YORK (AP) — GameStop, the video-game retailer whose manic stock movements captivated Wall Street this year, said Wednesday that it’s brought on a pair of Amazon veterans as its new chief executive and chief financial officer to aid in its much anticipated digital turnaround. ...

Wichita moving company hit with $119,000 civil penalty

Jun. 09, 2021 10:43 AM EDT

WICHITA, Kan. (AP) — A now-defunct Wichita moving company has been ordered to pay more than $119,000 in restitution, civil fines, penalties and court costs after the company president ignored a consumer protection lawsuit filed by the Sedgwick County prosecutor. ...

Former VW boss to pay firm $13 million over diesel scandal

Jun. 09, 2021 09:35 AM EDT

FRANKFURT, Germany (AP) — Former Volkswagen CEO Martin Winterkorn has agreed to pay 11.2 million euros ($13.6 million) in compensation for what the company called his failure to quickly get to the bottom of the 2015 scandal over diesel engines rigged to cheat on emissions tests, the company...

Ferrari taps European chip-maker executive as new CEO

Jun. 09, 2021 09:12 AM EDT

MILAN (AP) — Luxury sports carmaker Ferrari has tapped Benedetto Vigna, an Italian executive at Europe’s largest semiconductor chipmaker, as its new CEO, the company announced Wednesday. Vigna, 52, will join Ferrari in September from Geneva-based STMicroelectronics,...

South Africa's health minister put on leave over contract

Jun. 08, 2021 20:52 PM EDT

JOHANNESBURG (AP) — South Africa's health minister was placed on special leave Tuesday over a corruption scandal involving an irregular government contract where $11 million was paid to a company connected to two people who used to work for him. Zweli Mkhize has been...

Indianapolis businessman tapped for state commerce secretary

Jun. 07, 2021 15:44 PM EDT

INDIANAPOLIS (AP) — Gov. Eric Holcomb has appointed an Indianapolis businessman as the new head of Indiana’s business recruitment efforts. Holcomb announced Monday that he had appointed Bradley B. Chambers as Indiana’s new secretary of commerce. He replaces Jim...

Facebook suspends Trump for 2 years, then will reassess

Jun. 04, 2021 17:23 PM EDT

Facebook announced Friday that former President Donald Trump’s accounts will be suspended for two years, freezing his presence on the social network until early 2023, following a finding that Trump stoked violence ahead of the deadly Jan. 6 insurrection at the Capitol. ...

Board approves plan to decommission Mauna Kea telescope

Jun. 03, 2021 17:42 PM EDT

HILO, Hawaii (AP) — The Maunakea Management Board this week approved a plan for decommissioning a telescope atop Hawaii's tallest peak. The Caltech Submillimeter Observatory is the first of five summit observatories scheduled to be decommissioned in exchange for the...

Challengers unseat third Exxon board member in climate fight

Jun. 02, 2021 17:45 PM EDT

NEW YORK (AP) — Exxon Mobil shareholders have unseated a third board member in their bid to force the oil giant to deal more aggressively with climate change. The company announced Wednesday that three candidates nominated by a dissident group of shareholders, called...