Latest Corporate management News

Enerblu delays eastern Kentucky project at least 1 year

Jan. 17, 2019 5:47 PM EST

PIKEVILLE, Ky. (AP) — A proposed battery manufacturing plant on a reclaimed coal mine in eastern Kentucky has been delayed at least one year after the company discovered problems at the construction site. EnerBlu President and CEO Daniel Elliott said the company has not found a way to build its facility at...

John Bogle, founder of Vanguard, dies at 89

Jan. 16, 2019 9:01 PM EST

VALLEY FORGE, Pa. (AP) — John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founded Vanguard Group, died Wednesday, the company said. He was 89. Bogle did not invent the index fund, but he expanded access to no-frills, low-cost investing in 1976 when...

John Bogle dies at 89; fought for lower fees for investors

Jan. 16, 2019 8:40 PM EST

VALLEY FORGE, Pa. (AP) — When he lost his job running a mutual fund company after stocks tanked in the early 70's, John C. Bogle decided that money managers knew very little about predicting the market — and charged way too much for that lack of knowledge. He founded a new fund company, Vanguard, in...

Snap to lose chief financial officer, its 2nd in a year

Jan. 16, 2019 1:31 PM EST

NEW YORK (AP) — The company behind Snapchat is losing its second financial chief in less than a year as the social media service confronts a declining user base and stiff competition from bigger rivals. Snap Inc. said Chief Financial Officer Tim Stone is leaving to pursue unspecified opportunities. He had...

Judge says Papa John's founder entitled to corporate records

Jan. 15, 2019 4:41 PM EST

DOVER, Del. (AP) — A Delaware judge ruled Tuesday that the embattled founder of the Papa John's pizza chain is entitled to corporate records that the company has refused to turn over to him. John Schnatter sued Papa John's International Inc. last year, claiming he needs the records to inform himself in...

Utility seeks bankruptcy protection over California fires

Jan. 14, 2019 8:49 PM EST

SAN FRANCISCO (AP) — The nation's largest utility said Monday it is filing for Chapter 11 bankruptcy because it faces at least $30 billion in potential damages from lawsuits over the catastrophic wildfires in California in 2017 and 2018 that killed scores of people and destroyed thousands of homes. The...

The Latest: California governor says PG&E not trusted player

Jan. 14, 2019 8:40 PM EST

SAN FRANCISCO (AP) — The Latest on utility PG&E seeking bankruptcy protection (all times local): 5:15 p.m. California Gov. Newsom says "safety, reliability and affordability" are his main concerns as he addresses the likely bankruptcy of the state's largest utility. Newsom sought to assure the public...

Ex-prosecutor to lead health care firm's rape investigation

Jan. 14, 2019 7:59 PM EST

PHOENIX (AP) — A former top prosecutor in Phoenix was hired Monday by a health care facility to investigate the circumstances into how a patient in a vegetative state gave birth after she was sexually assaulted. Police are conducting a separate criminal investigation. Former Maricopa County Attorney Rick...

Trade war delaying Chinese automaker's US plans

Jan. 14, 2019 6:21 PM EST

DETROIT (AP) — The U.S.-China trade war has delayed but not derailed Chinese automaker GAC Motor's plans to enter the American market, company officials said Monday. Company President Yu Jun, speaking at Detroit's North American International Auto Show, said the dispute is a factor in moving its U.S....

Fiat Chrysler CEO says company strong enough to stand alone

Jan. 14, 2019 3:30 PM EST

DETROIT (AP) — Major job cuts or an alliance with other automakers are not in the plans for Italian-American automaker Fiat Chrysler, the company's new CEO says. Mike Manley, who took over for the late Sergio Marchionne last year, said the company downsized its workforce significantly during the global...