Latest Corporate management News
Residents are ready to appeal after a Georgia railroad company got approval to forcibly buy land
ATLANTA (AP) — Residents in one of Georgia's poorest counties say they will appeal a ruling that allows a railroad to forcibly purchase portions of their land. The Georgia Public Service Commission ruled Wednesday that Sandersville Railroad Co. can use eminent domain to acquire...
Trump suggests tariffs can help solve rising child care costs in a major economic speech
NEW YORK (AP) — Former President Donald Trump suggested to business leaders Thursday that his plans to increase tariffs on foreign imports would solve seemingly unrelated challenges such as the rising cost of child care in the U.S. The GOP presidential nominee promised to lead what...
Buffalo's mayor is offered a job as president and CEO of regional Off-Track Betting Corporation
BATAVIA, N.Y. (AP) — Buffalo's longest-serving mayor, Byron Brown, was offered a position Thursday to lead Western Regional Off-Track Betting Corp. The public benefit corporation's board of directors voted unanimously to offer Brown the job as president and chief executive...
Iowa lieutenant governor resigns to take over state lobby group representing bankers
DES MOINES, Iowa (AP) — Iowa Lt. Gov. Adam Gregg resigned his position Tuesday after serving more than seven years in office to take the helm of the state's bankers association. Gregg said in a statement that “my time in public service must come to a close.” Also Tuesday, the...
Fake engineer: A top South African railway official is sentenced to prison for forged qualifications
CAPE TOWN, South Africa (AP) — A former top official at South Africa's state-owned passenger railway company received a 15-year concurrent prison sentence on Tuesday for faking his engineering qualifications and other cases of fraud. Daniel Mtimkulu, 49, resigned as the head of...
CrowdStrike estimates the tech meltdown caused by its bungling left a $60 million dent in its sales
Cybersecurity specialist CrowdStrike Holdings on Wednesday estimated it absorbed a roughly $60 million blow to its sales pipeline last month after its botched handling of a software update triggered a technology meltdown that stranded thousands of people in airports in addition to other...
Military shipbuilder Austal says investigation settlement in best interest of company
MOBILE, Ala. (AP) — Executives with military shipbuilder Austal said settling an accounting fraud investigation, which included an agreement to pay a $24 million penalty, is the best outcome for the company and that new controls are in place. Austal USA, a subsidiary of...
The biggest diamond in over a century is found in Botswana — a whopping 2,492 carats
GABORONE, Botswana (AP) — The largest diamond found in more than a century has been unearthed at a mine in Botswana, and the country's president showed off the fist-sized stone to the world at a viewing ceremony Thursday. The Botswana government says the huge 2,492-carat diamond is...
A top Delta Air Lines executive is leaving to lead the company that owns Outback Steakhouse
TAMPA, Fla. (AP) — A high-ranking Delta Air Lines executive whose impending departure was announced last week has been named CEO of Bloomin’ Brands, which owns Outback Steakhouse and several other restaurant chains. The Florida-based dining company said Monday that Michael Spanos...
A top Delta executive is leaving weeks after the airline's slow response to tech outage
Delta Air Lines said Friday that its chief operating officer will leave the company next week after a little more than a year in the airline business to take another job. The departure of Michael Spanos comes a few weeks after Delta canceled thousands of flights during a botched...
