Latest Corporate management News

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...

Workers start union push at Trader Joe's in Massachusetts

May. 16, 2022 16:25 PM EDT

Employees are seeking to unionize at a Trader Joe's grocery store in western Massachusetts, joining a nationwide surge of labor organizing among retail and food service workers. Organizers at the store in Hadley sent an open letter to company CEO Dan Bane dated Saturday citing...

A Bezos-Biden squabble: Can corporate taxes tame inflation?

May. 16, 2022 16:05 PM EDT

WASHINGTON (AP) — Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as “disinformation” and "misdirection." The White House quickly retorted Monday that Bezos...

Convicted killer turned tech whiz confronts his sordid past

May. 16, 2022 03:06 AM EDT

REHOVOT, Israel (AP) — When he was 20 years old, Harel Hershtik planned and executed a murder, shooting his victim in the head and burying the body in a crime that a quarter of a century later is still widely remembered for its grisly details. Today, he is the brains behind an...

New York AG lawyer: Evidence could support action vs. Trump

May. 13, 2022 16:07 PM EDT

NEW YORK (AP) — As a federal judge weighs Donald Trump’s lawsuit seeking to halt a civil investigation into his business practices, a lawyer for the New York attorney general’s office said Friday that evidence found throughout the three-year probe could support legal action against the former...

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...

Kohl's shareholders reject board nominees pushed by activist

May. 11, 2022 11:16 AM EDT

NEW YORK (AP) — Kohl's shareholders rejected all 10 board nominees pushed by activist investor Macellum Advisors and instead voted in support of the existing board. The department store said Wednesday that shareholders have voted to re-elect all 13 of its director nominees,...

Carvana cuts 2,500 jobs, execs to forego pay for severance

May. 10, 2022 18:19 PM EDT

DETROIT (AP) — Online automotive retailer Carvana Co. says it's letting go about 2,500 workers, roughly 12% of its workforce, as it tries to bring staffing and expenses in line with sales. The Phoenix company said in a regulatory filing Tuesday that its executive team is giving up...

Q&A: Philanthropy Together CEO talks TED and giving circles

May. 10, 2022 14:04 PM EDT

Sara Lomelin offered the final TED Talk of this year’s conference of expert speakers last month, on a particularly star-studded day in Vancouver, Canada, where she followed actress Bryce Dallas Howard, TV producer Michael Schur and Tesla CEO Elon Musk, who discussed the future of his company and...