Latest Corporate management News

The Latest: Utility files 2nd report on power line failure

Nov. 17, 2018 11:41 PM EST

PARADISE, Calif. (AP) — The Latest on California's wildfires (all times local): 8:30 p.m. Pacific Gas & Electric Company officials have filed a second report with California regulators about a power line failure near the start of a deadly wildfire the morning the fire began. The Mercury News of San...

Clothing retailer J.Crew's chief executive stepping down

Nov. 17, 2018 3:11 PM EST

WASHINGTON (AP) — The chief executive of J.Crew Group Inc. is stepping down. The clothing retailer said in an announcement Saturday that the departure of James Brett, a retail veteran who took the top job in 2017, was by mutual agreement between Brett and the company's board of directors. In a statement,...

First African-American top network executive exiting ABC

Nov. 16, 2018 8:09 PM EST

LOS ANGELES (AP) — ABC Entertainment President Channing Dungey, who created a deep bench of ethnic diversity in the network's shows and fired Roseanne Barr for a racist tweet, will be stepping down. Her decision announced Friday comes amid ABC corporate parent Walt Disney Co.'s pending acquisition of 21st...

Pulitzer Board tells Junot Diaz he is 'welcome' to remain

Nov. 16, 2018 7:40 PM EST

NEW YORK (AP) — The Pulitzer Prize Board has decided not to remove fiction writer Junot Diaz over sexual harassment allegations. The board announced Friday that an independent review "did not find evidence warranting" Diaz's departure and that the author would be "welcome" to complete his term, which ends...

Correction: Amazon HQ-Trump Tax Break story

Nov. 15, 2018 3:39 PM EST

NEW YORK (AP) — In a story Nov. 14 about the site of Amazon's New York City headquarters being in an "opportunity zone" that offers tax breaks to developers, The Associated Press erroneously reported the name of the group that did a study finding that a third of such zones nationwide are in areas that are...

Man whose wife died after collapse at hospital gets apology

Nov. 14, 2018 4:04 PM EST

BOSTON (AP) — A man whose wife collapsed outside a locked hospital emergency room door and later died has received a face-to-face apology from the chief executive of the hospital's parent company. Patrick Wardell, CEO of Cambridge Health Alliance, told Peter DeMarco during a two-hour meeting at the...

The Latest: Sheriff: Death toll raises to 48 in wildfire

Nov. 13, 2018 9:30 PM EST

PARADISE, Calif. (AP) — The Latest on wildfires in California (all times local): 6:15 p.m. Authorities have reported six more fatalities from a blaze in Northern California, bringing the total number of fatalities so far to 48 in the deadliest wildfire in state history. The announcement came Tuesday after...

Binny Bansal out as CEO of Flipkart Group

Nov. 13, 2018 7:56 AM EST

NEW YORK (AP) — The co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, has stepped down as CEO following an allegation of serious personal misconduct. Walmart, which purchased a $16 billion controlling stake in Flipkart Group in May, the largest single...

CEO out at cosmetics maker Coty

Nov. 12, 2018 9:55 AM EST

NEW YORK (AP) — The top executive at the New York cosmetics maker Coty is leaving less than a week after revealing that significant supply chain problems sapped revenue during the first quarter. The company said Monday that CEO Camillo Pane, who led the company for two years, resigned for family reasons....

Hard-hitting Philippine news portal faces tax evasion charge

Nov. 11, 2018 1:56 AM EST

MANILA, Philippines (AP) — Philippine prosecutors said Sunday they will file charges of tax evasion against a news website that has been critical of President Rodrigo Duterte. The Justice Department said in a statement it found probable cause to indict Rappler Holdings Corp. and its president, journalist...