Latest Executive changes News

Texas Instruments' new CEO loses job for personal misconduct

Jul. 17, 2018 7:29 PM EDT

DALLAS (AP) — Texas Instruments has dumped CEO Brian Crutcher for personal misconduct less than two months after he took over the job, ruining the chip maker's hopes for a smooth transition to new leadership. Crutcher resigned Tuesday after TI's board determined he violated the company's code of conduct...

Papa John's founder: Stepping down as chairman a "mistake"

Jul. 17, 2018 4:07 PM EDT

NEW YORK (AP) — Papa John's founder John Schnatter says the pizza chain doesn't know how to handle a "crisis based on misinformation" and that he made a "mistake" in agreeing to step down as chairman. Schnatter says the board requested that he step down as chairman without "any investigation" and he should...

Blankfein to step aside as Goldman CEO, Solomon to take over

Jul. 17, 2018 3:15 PM EDT

NEW YORK (AP) — Another Wall Street veteran of the financial crisis is stepping aside: Lloyd Blankfein is retiring as CEO of Goldman Sachs after 12 years at the helm of the storied investment bank. Blankfein will give way to David Solomon, a long-time Goldman executive who has been considered Blankfein's...

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...

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...

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...