Latest Executive changes News

Alex Rodriguez invests in Professional Fighters League

May. 19, 2022 09:38 AM EDT

LOS ANGELES (AP) — Alex Rodriguez is taking a swing at mixed martial arts as an investor and board member for the Professional Fighters League. The PFL announced the addition of the former New York Yankees star to its board of directors Thursday. Rodriguez's...

Chinese tire maker cancels project in eastern North Carolina

May. 18, 2022 10:04 AM EDT

ROCKY MOUNT, N.C. (AP) — A Chinese tire maker which announced a project five years ago to build a plant and bring at least 800 jobs to a North Carolina county has pulled out and returned the 400-acre site, officials said. News outlets report Triangle Tyre notified the Carolinas...

Editorial Roundup: Indiana

May. 17, 2022 14:25 PM EDT

Indianapolis Business Journal. May 13, 2022. Editorial: Kudos to two excellent leaders moving on to new adventures Two great Indianapolis organizations announced this week they’re losing their longtime leaders—and both men are worth celebrating. ...

US allows more baby formula imports to fight shortage

May. 16, 2022 20:25 PM EDT

WASHINGTON (AP) — Under fire from parents and politicians, President Joe Biden’s administration announced steps Monday to ease a nationwide shortage of baby formula, including reopening the largest domestic manufacturing plant and increasing imports from overseas. The Food and...

Vegas Strip resort surprises 5,400 workers with $5K bonuses

May. 11, 2022 21:55 PM EDT

LAS VEGAS (AP) — Joyous bedlam erupted Wednesday at an employee appreciation and awards buffet at The Cosmopolitan of Las Vegas when the resort chief executive announced that all 5,400 people who work there will receive a $5,000 bonus. “It’s amazing!” said Edgar Rives, a cook...

Head of Rhode Island hospital group announces retirement

May. 11, 2022 14:16 PM EDT

PROVIDENCE, R.I. (AP) — The head of Rhode Island's second-largest hospital group announced Wednesday that he will retire early next year. Care New England Health System President and CEO Dr. James Fanale's announcement comes nearly three months after the state attorney general's...

UN agency chief resigns after probe into its investments

May. 08, 2022 16:44 PM EDT

UNITED NATIONS (AP) — Secretary-General Antonio Guterres accepted the resignation Sunday of the head of a United Nations agency that was under investigation for questionable investments. Grete Faremo, a former Norwegian minister of justice and public security, had been...

Tupperware struggles in Q1, withdraws guidance, taps new CFO

May. 04, 2022 12:37 PM EDT

Tupperware's turnaround isn't exactly going as planned, with inflation, COVID-19 and Russia's invasion of Ukraine all weighing on the consumer products company. Sales dropped 16% in the first quarter, with Miguel Fernandez, President and CEO of Tupperware Brands, acknowledging that...

Jon Yaged to succeed Don Weisberg as Macmillan CEO

May. 03, 2022 16:03 PM EDT

NEW YORK (AP) — The CEO of Macmillan Publishers, Don Weisberg, will step down at the end of the year. Jon Yaged, currently the company's president, will succeed him. "I can, without hesitation, say that there could be no better time for me to step aside," Weisberg, 67, said in a...

Change at the top for Biogen after Alzheimer's drug flops

May. 03, 2022 13:29 PM EDT

Biogen will replace its CEO and largely abandon marketing of its controversial Alzheimer's drug Aduhelm less than a year after the medication's launch triggered a backlash from experts, doctors and insurers. CEO Michel Vounatsos will continue to lead the Biogen until a successor is...