Latest Corporate News

In surprise move, Norwegian low-cost airline names new CEO

Jun. 21, 2021 08:35 AM EDT

COPENHAGEN, Denmark (AP) — A new CEO for low-cost carrier Norwegian Air Shuttle was tapped Monday when the carrier’s Chief Financial Officer Geir Karlsen was named a day after the board decided to immediately terminate the contract with former CEO Jacob Schram. No...

Facebook launches podcasts, live audio service

Jun. 21, 2021 07:09 AM EDT

Facebook is launching podcasts and live audio streams in the U.S. on Monday to keep users engaged on its platform and to compete with emerging rivals. Facebook says it is allowing public figures with verified accounts to start live audio rooms and invite anyone else to...

Couric book tour this fall will be in-person, in theaters

Jun. 21, 2021 05:05 AM EDT

NEW YORK (AP) — For her tour this fall to promote her memoir “Going There,” Katie Couric is anticipating not only the interest of her fans but a return to something like a pre-pandemic world. Book events have remained mostly virtual even as movie theaters and...

Iran’s sole nuclear power plant undergoes emergency shutdown

Jun. 21, 2021 01:24 AM EDT

TEHRAN, Iran (AP) — Iran’s sole nuclear power plant has undergone an unexplained temporary emergency shutdown, the country's state TV reported. An official from the state electric company Tavanir, Gholamali Rakhshanimehr, said on a talk show that aired on Sunday that...

This Week: FedEx, Nike results; rig count

Jun. 21, 2021 01:09 AM EDT

A look at some of the key business events and economic indicators upcoming this week: FedEx 4Q Package delivery giant FedEx delivers its fourth-quarter earnings on Thursday. Wall Street expects FedEx will report its profit soared...

Operator of 2 WVa malls files for bankruptcy protection

Jun. 20, 2021 16:57 PM EDT

MORGANTOWN, W.Va. (AP) — An Ohio company that operates dozens of U.S. shopping and strip malls, including two in West Virginia, has filed for federal bankruptcy protection, citing a drop in foot traffic at its properties during the coronavirus pandemic, according to court records. ...

Generator maker to hire 300 more at new South Carolina plant

Jun. 20, 2021 16:56 PM EDT

TRENTON, S.C. (AP) — A maker of emergency generators is already expanding how many people it will employ at its new South Carolina plant, even before production begins. Wisconsin-based Generac Power Systems announced Thursday that it would hire another 300 workers,...

Hard work, hope gave young entrepreneurs a taste of success

Jun. 20, 2021 09:03 AM EDT

CHARLOTTESVILLE, Va. (AP) — They wanted it, they went for it and they got it. Faith Kelley and Neil Wood are the two young entrepreneurs behind the new spring water company Civil Water. The aluminum-bottled and environmentally friendly beverage is popping up on shelves...

Agency: Tennessee zinc miner fired for voicing safety worry

Jun. 20, 2021 08:38 AM EDT

NASHVILLE, Tenn. (AP) — Federal regulators have brought a complaint against a zinc mining company, claiming that an employee in Tennessee was illegally fired for making safety complaints about the mine. U.S. Secretary of Labor Marty Walsh filed the complaint earlier...

5 killed in school construction site collapse in Belgium

Jun. 20, 2021 06:03 AM EDT

PARIS (AP) — A school undergoing construction work collapsed in the Belgian city of Antwerp, killing five workers and injuring nine others, according to local authorities. An investigation is underway into the cause of the accident. Firefighters and rescue dogs labored...