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This 2018 image released by Jeremy Daniel shows Philip J. Smith at the 30th anniversary celebration for

Philip J. Smith, who led Shubert Organization, dies at 89

Jan. 15, 2021 5:40 PM EST

NEW YORK (AP) — Philip J. Smith, who rose from box office treasurer at the Imperial Theatre on Broadway to chairman and co-CEO of the theatrical giant Shubert Organization, has died from complications from COVID-19, according to his daughters. He was 89. In a career that spanned 63 years, Smith worked in...

FILE - In this Nov. 23, 2020 file photo, stone sculptures adorn the New York Stock Exchange.  Stocks are pulling lower again on Friday, Jan. 15, 2021,  after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline.   (AP Photo/Seth Wenig, File)

Stocks fall as economic pain deepens, rally runs out of gas

Jan. 15, 2021 4:27 PM EST

NEW YORK (AP) — Wall Street closed out its first losing week in three with another drop on Friday after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline. The S&P 500 fell 27.29, or 0.7%, to 3,768.25, with stocks of companies that...

A Wells Fargo office is shown, Wednesday, Jan. 13, 2021 in New York.  Wells Fargo & Co. says its profit rose 4% to $2.99 billion in the fourth quarter of 2020. The bank, based in San Francisco, said Friday that it had earnings of 64 cents per share, compared with earnings of 60 cents a year earlier. (AP Photo/Mark Lennihan)

Wells Fargo 4Q profit rose 4%, tops Street estimates

Jan. 15, 2021 12:37 PM EST

SILVER SPRING, Md. (AP) — Wells Fargo had its best quarter of 2020 as its profit rose 4% in the fourth quarter of a year defined by the coronavirus outbreak. The bank, based in San Francisco, said Friday that its earnings rose to $3 billion, or 64 cents per share, compared with earnings of $2.87 billion ,...

FILE - In this Oct. 23, 2020, file photo, Chinese President Xi Jinping delivers his speech at the commemorating conference on the 70th anniversary of the Chinese army entering North Korea to resist the U.S. army, at the Great Hall fo the People in Beijing. Xi is asking former CEO Howard Schultz of Starbucks to help repair U.S.-Chinese relations that have plunged to their lowest level in decades amid a tariff war and tension over technology and security. (AP Photo/Andy Wong, File)

Xi asks Starbucks' Schultz to help repair US-China ties

Jan. 15, 2021 12:13 PM EST

BEIJING (AP) — President Xi Jinping is asking former CEO Howard Schultz of Starbucks to help repair U.S.-Chinese relations that have plunged to their lowest level in decades amid a tariff war and tension over technology and security. A letter from Xi to Schultz reported Friday by the official Xinhua News...

Prosecutors drop securities case against former VW CEO

Jan. 15, 2021 11:27 AM EST

FRANKFURT, Germany (AP) — German prosecutors have set aside a securities-law case against the former CEO of Volkswagen because he could face heavier penalties in a separate criminal fraud case connected to the company's 2015 diesel emissions scandal. The court in the city of Braunschweig said in a...

FILE - In this Wednesday, Oct. 28, 2020, file photo, Twitter CEO Jack Dorsey appears on a screen as he speaks remotely during a hearing before the Senate Commerce Committee on Capitol Hill, in Washington. Dorsey broke his silence to defend his company’s ban of President Donald Trump as the right decision, but warned that it could set a dangerous precedent. The ban, he said, revealed Twitter’s “failure” to create an open and healthy space for what Dorsey calls the “global public conversation.” (Michael Reynolds/Pool Photo via AP, File)

Twitter CEO defends Trump ban, warns of dangerous precedent

Jan. 14, 2021 1:07 AM EST

SAN FRANCISCO (AP) — Twitter CEO Jack Dorsey defended his company’s ban of President Donald Trump in a philosophical Twitter thread that is his first public statement on the subject. When Trump incited his followers to storm the U.S. Capitol last week, then continued to tweet potentially ominous...

FILE - In this Oct. 1, 2019, file photo the symbol for Intel appears on a screen at the Nasdaq MarketSite, in New York.  Intel is replacing its CEO after two years. The computer company said Wednesday, Jan. 13, 2021,  that Pat Gelsinger will become its new CEO, effective Feb. 15. He takes over for Bob Swan, who became CEO in January 2019.  (AP Photo/Richard Drew, File)

Intel replaces its chief executive after a rocky stretch

Jan. 13, 2021 4:20 PM EST

Intel is replacing its CEO after only two years in what had been a rough stretch for the chipmaker. Bob Swan, who became the company's chief executive in early 2019, will be replaced in mid-February by tech industry veteran Pat Gelsinger. The choice of Gelsinger, who started his career as an Intel engineer...

FILE - In this Sept. 29, 2020, file photo, former Nissan Motor Co. Chairman Carlos Ghosn holds a press conference at the Maronite Christian Holy Spirit University of Kaslik, as he launches an initiative to help Lebanon that is undergoing a severe economic and financial crisis, in Kaslik, north of Beirut, Lebanon. A former Nissan chief operating officer outlined in a Japanese court Tuesday, Jan. 12, 2021, the pains company officials took to hide star executive Carlos Ghosn’s pay, and how they had worried about his quitting for a rival. (AP Photo/Hussein Malla, File)

Ex-Nissan exec says automaker sought to hide Ghosn's pay

Jan. 12, 2021 8:14 AM EST

TOKYO (AP) — A former Nissan chief operating officer outlined in a Japanese court Tuesday the pains company officials took to hide star executive Carlos Ghosn’s pay, and how they had worried about his quitting for a rival. “Carlos Ghosn is a world-class business leader and CEO,” said...

SAS CEO leaves airline after 10 years at the helm

Jan. 12, 2021 5:49 AM EST

STOCKHOLM (AP) — The CEO of Scandinavian Airlines, Rickard Gustafson, said Monday he is leaving the company after 10 years at the helm to take up a job with one of Sweden’s largest industrial groups. In a statement, the 56-year-old Swede said: “time has come for me to pass on the baton." It...

This combination photo shows Fox News senior national correspondent John Roberts at the CBS News Republican presidential debate in Greenville, S.C. on Feb. 13, 2016, left, and CNN news anchor Jake Tapper at the WarnerMedia Upfront in New York on May 15, 2019. Both Fox and CNN announced schedule changes on Monday, Jan. 11, 2021. CNN'sTapper and Fox's Roberts are among those taking on new roles. Roberts will co-anchor a daily news show from 1 to 3 p.m. Eastern with Sandra Smith starting Monday. Tapper's daily news show will increase an hour, running from 4 p.m. to 6 p.m. (AP Photo)

Fox News shuffles daytime lineup; CNN makes changes

Jan. 11, 2021 3:31 PM EST

NEW YORK (AP) — Fox News Channel is shuffling its daytime lineup and adding a new hourlong opinion show at 7 p.m. Eastern to replace that hour's current anchor, Martha MacCallum. Both Fox and CNN announced lineup changes Monday, as is often the case for news organizations with a new president about to take...