Latest Corporate management News

The Latest: 2 top Democratic Party officials step down

Oct. 23, 2019 6:22 PM EDT

SIOUX FALLS, S.D. (AP) — The Latest on financial issues in the South Dakota Democratic Party (all times local): 5:25 p.m.: Two top officials in South Dakota's Democratic Party have resigned after a federal report that showed continuing financial problems. Chairwoman Paula Hawks and executive director...

Maryland's attorney general sues Kushner apartment company

Oct. 23, 2019 4:03 PM EDT

ANNAPOLIS, Md. (AP) — Maryland's attorney general on Wednesday sued a real estate company once run by President Donald Trump's son-in-law over allegedly illegal and harmful rental practices, including the kind of rodent infestations the president has accused Baltimore leaders of failing to address....

Oklahoma regent resigns after reelection as vice-chair

Oct. 23, 2019 1:32 PM EDT

NORMAN, Okla. (AP) — A member of the University of Oklahoma Board of Regents has resigned shortly after being reelected vice chairman of the panel overseeing the OU system that includes Cameron and Rogers State universities. Renzi Stone posted his immediate resignation Tuesday on Twitter after the board...

At Tokyo auto show, visions for cars of the future, no Ghosn

Oct. 23, 2019 4:50 AM EDT

TOKYO (AP) — The Tokyo Motor Show opens this week with plenty of futuristic technologies but absent one of the auto industry's hugest influencers: Nissan's former Chairman Carlos Ghosn. Since Ghosn's arrest for alleged financial misconduct in November 2018, Nissan has seen its sales and profits tumble...

Indonesia president names election rival as defense minister

Oct. 23, 2019 2:45 AM EDT

JAKARTA, Indonesia (AP) — Indonesian President Joko Widodo named his defeated election rival, a former general linked to human rights abuses, as his defense minister Wednesday and added entrepreneurs and technocrats to his Cabinet to address slowing growth in Southeast Asia's largest economy. The lineup...

US diplomat: Trump linked Ukraine aid to demand for probe

Oct. 23, 2019 1:49 AM EDT

WASHINGTON (AP) — A top U.S. diplomat testified Tuesday that President Donald Trump was holding back military aid for Ukraine unless the country agreed to investigate Democrats and a company linked to Joe Biden's family, providing lawmakers with a detailed new account of the quid pro quo central to the...

WeWork co-founder pushed aside in $5B SoftBank takeover

Oct. 23, 2019 12:31 AM EDT

NEW YORK (AP) — WeWork is accepting a financial rescue package that hands control of the company to Japanese tech giant SoftBank and pushes aside co-founder Adam Neumann and his grandiose vision of changing the world through communal working. WeWork said in a statement that Japanese tech conglomerate...

For toymaker Hasbro, trade wars are no fun

Oct. 22, 2019 8:53 PM EDT

PAWTUCKET, R.I. (AP) — Shares of Hasbro plunged Tuesday after the company revealed that the trade war is wreaking havoc on its supply chain and creating confusion among customers for its toys. The company said price hikes may be on the way for consumers as it offsets rising costs. Hasbro CEO Brian Goldner...

Nike CEO Mark Parker to step down in January

Oct. 22, 2019 6:57 PM EDT

NEW YORK (AP) — Nike said Tuesday that its longtime CEO Mark Parker is stepping down early next year. He will be replaced by board member John Donahoe, who formerly ran e-commerce company eBay. Parker will become executive chairman of the board. Nike's sales have been on the rise as the company focuses on...

Boeing replaces executive who oversaw 737 Max, other planes

Oct. 22, 2019 4:38 PM EDT

Boeing is replacing the head of its commercial-airplanes division as it struggles with a crisis created by two deadly crashes of its newest airliner. Boeing said Tuesday that Kevin McAllister is out as chief executive of Boeing Commercial Airplanes. He is being replaced by Stanley Deal, leader of Boeing's...