Latest Corporate management News

Georgia nuclear plant gets OK to load fuel at new reactor

Aug. 03, 2022 13:11 PM EDT

ATLANTA (AP) — A nuclear power plant being built in Georgia can begin loading radioactive fuel into one of its two new reactors, federal regulators said Wednesday, a key step toward generating electricity at the first new nuclear reactor built in decades in the United States. The...

Kenya's election rips open scars of inequality, corruption

Aug. 03, 2022 10:47 AM EDT

NAIROBI, Kenya (AP) — In the shadow of a glossy, thousand-dollar campaign billboard, one of many across Kenya’s capital, street vendors struggle to make even 200 shillings ($1.68) a day and often pocket none. Kenya’s Aug. 9 election is ripping open the scars of inequality and...

Producer Janet Yang elected president of film academy

Aug. 02, 2022 20:40 PM EDT

NEW YORK (AP) — Producer Janet Yang has been elected president of the Academy of Motion Picture Arts and Sciences, the group’s board of governors announced Tuesday, making her the first Asian American to lead the film academy. Yang, the 66-year-old producer of “The Joy Luck...

Starbucks reports record revenue on frothy US demand

Aug. 02, 2022 19:02 PM EDT

Starbucks on Tuesday reported record revenue in the April-June period, as strong U.S. demand made up for COVID shutdowns in China. The Seattle-based coffee giant exceeded sales expectations despite continuing store closures and reduced hours in China due to coronavirus measures....

Ramos, ex-Philippine leader who helped oust dictator, dies

Jul. 31, 2022 22:30 PM EDT

MANILA, Philippines (AP) — Former Philippine President Fidel Valdez Ramos, a U.S.-trained ex-general who saw action in the Korean and Vietnam wars and played a key role in a 1986 pro-democracy uprising that ousted a dictator, has died. He was 94. Ramos’s family announced his...

Secret Service director delays retirement amid 1/6 scrutiny

Jul. 28, 2022 16:26 PM EDT

WASHINGTON (AP) — Secret Service Director James Murray is delaying his retirement as the agency deals with an inspector general’s investigation and congressional inquiries related to missing text messages around the time of the Jan. 6 attack on the U.S. Capitol. Murray, who was...

Today in History: July 28, World War I begins

Jul. 28, 2022 00:02 AM EDT

Today in History Today is Thursday, July 28, the 209th day of 2022. There are 156 days left in the year. Today’s Highlights in History: On July 28, 1945, the U.S. Senate ratified the United Nations Charter by a vote of 89-2. A U.S. Army bomber...

Facebook parent Meta posts first revenue decline in history

Jul. 27, 2022 18:51 PM EDT

Meta, the parent company of Facebook and Instagram, posted its first revenue decline in history Thursday, dragged down by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies. The results largely followed a broader decline in the digital...

FTC acts to block Meta from buying VR company, fitness app

Jul. 27, 2022 16:54 PM EDT

WASHINGTON (AP) — Federal regulators on Wednesday took legal action to block Facebook parent Meta and CEO Mark Zuckerberg from acquiring virtual reality company Within Unlimited and its fitness app Supernatural, asserting the deal would hurt competition and violate antitrust laws. ...

Today in History: July 27, Olympic Park bombing in Atlanta

Jul. 27, 2022 00:17 AM EDT

Today in History Today is Wednesday, July 27, the 208th day of 2022. There are 157 days left in the year. Today’s Highlight in History: On July 27, 1953, the Korean War armistice was signed at Panmunjom, ending three years of fighting. ...