Latest Corporate management News

Papa John's founder can pursue lawsuit for corporate records

Sep. 20, 2018 5:00 PM EDT

WILMINGTON, Del. (AP) — A Delaware judge has refused to dismiss a lawsuit in which the embattled founder of the Papa John's pizza chain is seeking access to the company's books and records. John Schnatter sued Papa John's International Inc. in July, claiming he needs the records to inform himself in order...

AutoNation chief, after 20 years, is turning over the keys

Sep. 19, 2018 10:17 AM EDT

FORT LAUDERDALE, Fla. (AP) — Mike Jackson is stepping down after almost two decades leading AutoNation, the largest dealership chain in the U.S. Jackson, 69, steered AutoNation through the economic crisis and shares have increased fourfold since he took over in 1999, though he will relinquish his role as...

Danish bank CEO quits amid money laundering scandal

Sep. 19, 2018 8:42 AM EDT

COPENHAGEN, Denmark (AP) — The chief executive of Denmark's largest bank resigned Wednesday after an internal report into allegations of massive money laundering via an Estonian subsidiary showed that "the vast majority" of transactions were deemed to be "suspicious." Danske Bank commissioned the probe...

China's premier appeals for free trade amid tariff battle

Sep. 19, 2018 6:11 AM EDT

BEIJING (AP) — China's No. 2 leader appealed Wednesday for support for free trade and promised to improve conditions for foreign companies following tit-for-tat U.S. and Chinese tariff hikes in a battle over Beijing's technology policy. Premier Li Keqiang's comments add to Beijing's effort to portray...

The Latest: China's premier appeals for global support

Sep. 18, 2018 11:34 PM EDT

NEW YORK (AP) — The Latest on the U.S.-China trade war (all times local): ___ 11:30 p.m. China's No. 2 leader has appealed for global support for free trade following tit-for-tat U.S. and Chinese tariff hikes in an escalating battle over Beijing's technology policy. Premier Li Keqiang said Wednesday in a...

CBS' Julie Chen leaves daytime's 'The Talk' in taped message

Sep. 18, 2018 4:27 PM EDT

NEW YORK (AP) — Julie Chen announced Tuesday that she was leaving the cast of the CBS daytime show "The Talk" a week after her husband, CBS Corp. boss Leslie Moonves, was ousted from the company due to sexual misconduct allegations. Chen hadn't appeared on the show during its season-opening week last week....

SeaWorld, ex-execs must pay $5M to settle 'Blackfish' claim

Sep. 18, 2018 3:21 PM EDT

ORLANDO, Fla. (AP) — SeaWorld and two former executives on Tuesday agreed to pay more than $5 million to settle federal fraud claims that they misled investors about the negative impact the 2013 documentary "Blackfish" had on business. The U.S. Securities and Exchange Commission filed the complaint in...

Tesla says it has turned over documents to feds

Sep. 18, 2018 3:17 PM EDT

DETROIT (AP) — Tesla Inc. has turned over documents to the U.S. Justice Department after statements by CEO Elon Musk about taking the company private, the electric car maker confirmed Tuesday. The Palo Alto, California, company cooperated with the request and believes the matter should be resolved quickly...

Trade war escalates as China announces tariffs on US imports

Sep. 18, 2018 2:26 PM EDT

BEIJING (AP) — The U.S.-China trade war escalated further Tuesday, with China announcing retaliatory tax increases on $60 billion worth of U.S. imports, including coffee, honey and industrial chemicals. The increases are in response to the U.S. announcing it will impose tariffs on $200 billion worth of...

Papa John's new ads: John's out, diverse franchisees are in

Sep. 18, 2018 9:39 AM EDT

NEW YORK (AP) — Papa John's, which wants to distance itself from founder John Schnatter, is releasing new ads Tuesday that replace him with a diverse group of franchisees. The commercials show several franchisees looking into the camera and introducing themselves to viewers. "You've heard one voice of Papa...