Latest Corporate management News

Trump's shunning of transition planning may have severe consequences, governance group says

Nov. 08, 2024 17:21 PM EST

WASHINGTON (AP) — A good-governance group is warning of severe consequences if President-elect Donald Trump continues to steer clear of formal transition planning with the Biden administration — inaction that it says is already limiting the federal government’s ability to provide security...

TTEC: Q3 Earnings Snapshot

Nov. 06, 2024 17:07 PM EST

GREENWOOD VILLAGE, Colo. (AP) — GREENWOOD VILLAGE, Colo. (AP) — TTEC Holdings Inc. (TTEC) on Wednesday reported a loss of $21.1 million in its third quarter. The Greenwood Village, Colorado-based company said it had a loss of 44 cents per share. Earnings, adjusted for...

New CEO at CVS begins to build his team with a goal of reviving the struggling health care giant

Nov. 06, 2024 12:43 PM EST

AP Health Writer (AP) — CVS Health fell short on third-quarter profit, but it posted strong sales and the health care giant shook up leadership under new CEO David Joyner after a rough year that has sent shares plunging. Shares jumped Wednesday along with markets as a whole surged...

CorVel: Fiscal Q2 Earnings Snapshot

Nov. 05, 2024 06:25 AM EST

FORT WORTH, Texas (AP) — FORT WORTH, Texas (AP) — CorVel Corp. (CRVL) on Tuesday reported net income of $23.4 million in its fiscal second quarter. On a per-share basis, the Fort Worth, Texas-based company said it had profit of $1.35. The health care management...

Harris team warns CEOs that Trump is a threat to economy, while Trump says tariffs can drive growth

Nov. 01, 2024 16:15 PM EDT

WASHINGTON (AP) — Kamala Harris ' campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth — a closing argument designed to show the possible consequences for companies and workers if he...

Wendy's closing 140 more restaurants as part of push to update its locations

Nov. 01, 2024 16:13 PM EDT

Wendy’s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May. But in a conference call with investors Thursday, the company said those closures will be offset by new restaurant openings. Wendy’s said it plans to open...

Marin Software: Q3 Earnings Snapshot

Oct. 31, 2024 17:16 PM EDT

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Marin Software Inc. (MRIN) on Thursday reported a loss of $2.3 million in its third quarter. The San Francisco-based company said it had a loss of 74 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came...

Security tech company Evolv fires its chief executive

Oct. 31, 2024 15:45 PM EDT

NEW YORK (AP) — Amid the backdrop of a sales misconduct investigation and other looming legal troubles, security technology company Evolv is now firing its CEO. Evolv's board of directors terminated chief executive Peter George on Wednesday, effective immediately, according to a...

Peloton appoints Apple Fitness+ co-founder, now Ford executive, as its next CEO

Oct. 31, 2024 11:17 AM EDT

NEW YORK (AP) — Peloton has appointed its next CEO. Peter Stern, co-founder of Apple Fitness+ and a current Ford executive, will soon helm of the tech-fitness company. Stern takes over as president and CEO on January 1, Peloton said Thursday. Karen Boone, one of two current interim...

TEPCO ex-chair at time of Fukushima nuclear disaster dies at 84 while on trial over responsibility

Oct. 31, 2024 02:13 AM EDT

TOKYO (AP) — Tokyo Electric Power Company Holdings' former chairperson, who led the emergency response after a meltdown at its Fukushima Daiichi nuclear plant and was accused of being responsible for failing to prevent the disaster as top management, has died, with his trials still pending. He...