Latest Corporate management News

Biden signals equity focus with new AmeriCorps leader choice

Jun. 16, 2021 15:16 PM EDT

President Biden plans to nominate Michael Smith to lead AmeriCorps, sending a strong signal of an intent to focus on racial equity at the organization. Smith currently is executive director of the My Brother’s Keeper Alliance. He also is director of youth opportunity...

Biden elevates energetic critic of Big Tech as top regulator

Jun. 15, 2021 20:51 PM EDT

WASHINGTON (AP) — President Joe Biden on Tuesday installed an energetic critic of Big Tech as a top federal regulator at a time when the industry is under intense pressure from Congress, regulators and state attorneys general. The selection of legal scholar Lina Khan...

Richmond transit continuing fare-free rides for another year

Jun. 15, 2021 16:09 PM EDT

RICHMOND, Va. (AP) — Riders on Richmond’s transit system won’t have to dig into their pockets for another year. The board of directors of Greater Richmond Transit Company announced Tuesday that the system will remain fare free through June 30, 2022. The system says...

GM exec: Company to announce more battery plants this week

Jun. 14, 2021 16:10 PM EDT

DETROIT (AP) — The president of General Motors says his company plans to announce more U.S. battery factories later this week. Mark Reuss gave no details of where the factories would be located or exactly what they would manufacture. He spoke in a weekend interview with...

Lordstown Motors' rough road continues; CEO and CFO are out

Jun. 14, 2021 14:14 PM EDT

The top two executives at Lordstown Motors have resigned as problems at the Ohio electric truck startup mount. CEO Steve Burns and Chief Financial Officer Julio Rodriguez stepped down, the company said Monday, sending shares already down 40% this year tumbling more than...

Americans stand trial in Japan, accused in Ghosn's escape

Jun. 14, 2021 06:17 AM EDT

TOKYO (AP) — Two Americans charged with helping former Nissan chairman Carlos Ghosn flee Japan while he was facing accusations of financial misconduct agreed Monday that they took part in a scheme for him to escape the country. Statements by Michael Taylor and his son,...

G-7 nations expected to pledge 1B vaccine doses for world

Jun. 10, 2021 17:30 PM EDT

ST. IVES, England (AP) — The Group of Seven nations are set to commit to sharing at least 1 billion coronavirus shots with the world, British Prime Minister Boris Johnson announced Thursday, with half coming from the U.S. and 100 million from the U.K. as President Joe Biden urged allies to...

GameStop names Amazon veteran as CEO; sales accelerate

Jun. 09, 2021 18:49 PM EDT

NEW YORK (AP) — GameStop, the video-game retailer whose manic stock movements captivated Wall Street this year, said Wednesday that it’s brought on a pair of Amazon veterans as its new chief executive and chief financial officer to aid in its much anticipated digital turnaround. ...

Wichita moving company hit with $119,000 civil penalty

Jun. 09, 2021 10:43 AM EDT

WICHITA, Kan. (AP) — A now-defunct Wichita moving company has been ordered to pay more than $119,000 in restitution, civil fines, penalties and court costs after the company president ignored a consumer protection lawsuit filed by the Sedgwick County prosecutor. ...

Former VW boss to pay firm $13 million over diesel scandal

Jun. 09, 2021 09:35 AM EDT

FRANKFURT, Germany (AP) — Former Volkswagen CEO Martin Winterkorn has agreed to pay 11.2 million euros ($13.6 million) in compensation for what the company called his failure to quickly get to the bottom of the 2015 scandal over diesel engines rigged to cheat on emissions tests, the company...