Latest Corporate management News

Goldman's Blankfein to retire as CEO, Solomon to take over

Jul. 17, 2018 9:13 AM EDT

NEW YORK (AP) — Goldman Sachs said Tuesday that Lloyd Blankfein, the firm's chief executive officer and chairman for the last 12 years, will retire later this year. Blankfeing will be replaced by David Solomon, a long-time Goldman executive who has long been seen as Blankfein's chosen successor to lead the...

Goldman Sachs' 2Q profit up 44 pct; CEO Blankfein to retire

Jul. 17, 2018 8:42 AM EDT

NEW YORK (AP) — Goldman Sachs' profits jumped 44 percent in the second quarter compared with a year ago, driven by the investment bank's core franchises: advising companies on mergers, acquisitions and other deals, and its trading business. Goldman also said Tuesday that Chief Executive Officer Lloyd...

China files WTO challenge to US $200B tariff plan

Jul. 16, 2018 9:39 AM EDT

BEIJING (AP) — China announced it filed a World Trade Organization challenge Monday to President Donald Trump's latest tariff threat, stepping up its diplomatic efforts to counter U.S. pressure in a spiraling technology dispute. The Trump administration has criticized the WTO as unable to deal with the...

Despite some wobbles, stocks end the week with more gains

Jul. 13, 2018 4:49 PM EDT

NEW YORK (AP) — Stocks wrapped up another solid week Friday as industrial and energy companies ticked higher, but corporate earnings got off to a sluggish start as reports from several major U.S. banks failed to excite investors. Indexes wobbled in morning trading, but rising oil prices helped energy...

The Latest: Schnatter: Comment out of context, but was wrong

Jul. 13, 2018 4:35 PM EDT

LOUISVILLE, Ky. (AP) — The Latest on the fallout over Papa John's pizza founder John Schnatter's reported use of a racial slur (all times local): 4:15 p.m. Papa John's founder John Schnatter says his use of a racial slur was taken out of context, but he feels "sick" about the incident. Schnatter stepped...

Correction: US-China Tariffs story

Jul. 13, 2018 2:01 PM EDT

BEIJING (AP) — In a story July 12 about the U.S.-China trade war, The Associated Press erroneously reported that 20,000 jobs at an Alabama Hyundai plant could be at risk if the U.S. imposes higher auto tariffs. The plant employs 3,500 people. A corrected version of the story is below: China says US...

Image issue: Papa John's still tied to founder under fire

Jul. 12, 2018 5:53 PM EDT

NEW YORK (AP) — Papa John's founder John Schnatter is no longer board chairman after using a racial slur, but his image is still part of the pizza chain's logo and he remains the company's largest shareholder. The situation illustrates the difficulty when companies are closely tied to a single person, and...

Marlins suspend business relationship with Papa John's

Jul. 12, 2018 3:46 PM EDT

MIAMI (AP) — The Miami Marlins have suspended their business relationship with Papa John's after the company's chairman of the board apologized for using a racial slur and resigned. In a statement Thursday, the Marlins said "derogatory and insensitive comments" by John Schnatter weren't reflective of the...

The Latest: Papa John's founder resigns as chairman

Jul. 12, 2018 7:15 AM EDT

NEW YORK (AP) — The Latest on Papa John's founder's use of a racial slur (all times local): 12:00 a.m. Papa John's says founder John Schnatter has resigned as chairman of the board. The company made the announcement late Wednesday, hours after Schnatter apologized for using a racial slur during a...

10 Things to Know for Today

Jul. 12, 2018 6:50 AM EDT

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. MORE TOUGH RHETORIC FROM TRUMP The president says the U.S. commitment to NATO "remains very strong" despite reports that he threated to pull out in a dispute over defense spending. 2. FEDS REVISITING EMMETT...