Latest Corporate management News

AP: Catholic boards hailed as fix for sex abuse often fail

Nov. 21, 2019 6:52 PM EST

Facing thousands of cases of clergy sex abuse, U.S. Catholic leaders addressed their greatest crisis in the modern era with a promised reform: Mandatory review boards. These independent panels with lay people in each diocese would review allegations fairly and kindly. And they would help bishops ensure that no...

US authorities arrest Brazilian ex-CEO in bribery case

Nov. 20, 2019 6:32 PM EST

NEW YORK (AP) — The former CEO of Brazilian petrochemical company Braskem SA was arrested on U.S. corruption charges involving a slush fund used to bribe officials in Brazil, federal prosecutors said Wednesday. Jose Carlos Grubisich, who was taken into custody at Kennedy Airport, pleaded not guilty in...

Emirates opts for 30 Boeing 787 Dreamliners in revised deal

Nov. 20, 2019 6:37 AM EST

DUBAI, United Arab Emirates (AP) — The Middle East’s biggest carrier, the Dubai-based Emirates, announced on Wednesday a firm order for 30 Boeing 787 Dreamliners in a deal valued at $8.8 billion. The order, however, does not represent additional spending by Emirates because it replaces a previous...

PG&E boss says it wasn’t fully ready for California outages

Nov. 19, 2019 10:56 PM EST

SACRAMENTO, Calif. (AP) — The head of Pacific Gas & Electric Corp. told angry California lawmakers Monday that the nation’s largest electric utility wasn’t fully prepared for the effects of its unprecedented outages last month even as it plans to shut off power to about 375,000 people...

Maryland auditors ‘hindered’ in medical board report

Nov. 19, 2019 4:51 PM EST

ANNAPOLIS, Md. (AP) — The University of Maryland Medical System, rocked by a self-dealing scandal this year involving board members that caused Baltimore’s mayor to resign, has repeatedly “delayed and hindered” the work of state auditors, according to a letter from the chief auditor...

Uber’s chief product officer is latest executive to exit

Nov. 19, 2019 4:37 PM EST

NEW YORK (AP) — Another senior executive is leaving Uber as the company struggles to turn a profit. A company spokesman says Chief Product Officer Manik Gupta is stepping down after four years with the company. San Francisco-based Uber says Gupta was the driving force behind some of its most ambitious...

Google’s do-good arm tries to make up for everything else

Nov. 19, 2019 10:48 AM EST

PARIS (AP) — Google’s head of philanthropy says the company is having “a lot of conversations” internally amid worries about the tech giant’s bottomless appetite for consumer data and how it uses its algorithms. Vice President Jacqueline Fuller wouldn’t comment on...

Vatican financial watchdog now a ‘shell’ after police raid

Nov. 19, 2019 5:41 AM EST

VATICAN CITY (AP) — A board member of the Vatican’s financial watchdog has resigned in the wake of a Vatican police raid that resulted in the agency’s suspension from the global communications network of financial intelligence units. Marc Odendall, a Swiss-German retired banker, tendered his...

Vatican’s financial 007 leaves amid fallout from police raid

Nov. 18, 2019 2:55 PM EST

VATICAN CITY (AP) — The head of the Vatican’s financial watchdog agency is leaving his post after a raid by Vatican police on the agency’s offices breached the Holy See’s international financial obligations and jeopardized its reputation. Pope Francis thanked Rene Bruelhart for his...

Colorful T-Mobile CEO leaving, even as Sprint deal not done

Nov. 18, 2019 1:25 PM EST

T-Mobile said Monday its colorful CEO John Legere is stepping down next year, even as the wireless company’s long-running effort to merge with rival Sprint remains unfinished. Its current president and chief operating officer, Mike Sievert, will become CEO in May after Legere’s contract ends....