Latest Corporate management News

Nokia profit up, new CEO pledges to boost 5G investments

Oct. 29, 2020 5:37 AM EDT

HELSINKI (AP) — Telecom equipment maker Nokia has reported improved third-quarter earnings largely in line with expectations, but acknowledged it faced challenges in the race for new generation 5G networks. It pledged to invest more in those networks and said it would revamp business strategy under its new...

Women wearing face masks to help curb the spread of the coronavirus walk along a moving bus on a street in Beijing, Wednesday, Oct. 28, 2020. (AP Photo/Andy Wong)

The Latest: China says latest outbreak appears contained

Oct. 28, 2020 10:23 PM EDT

BEIJING — Officials in the northwestern China region of Xinjiang say they believe they have contained the country’s latest coronavirus outbreak. Xinjiang reported 23 new confirmed cases Thursday, all involving people who had initially tested positive but displayed no symptoms. It was the second...

A woman holds a poster reading:'The culture dies' as she attends a protest of people working in the entertainment and event industry against the German government's economic policies to combat the spread of the coronavirus and COVID-19 disease and demand more support for their business, in Berlin, Germany, Wednesday, Oct. 28, 2020. (Photo/Markus Schreiber)

France, Germany impose new lockdowns to curb virus spread

Oct. 28, 2020 4:44 PM EDT

BERLIN (AP) — France announced a full nationwide lockdown for the second time this year and German officials imposed a partial four-week lockdown Wednesday, as governments across Europe sought to stop a fast-rising tide of coronavirus cases. The World Health Organization says the European region —...

FILE - In this Jan. 20, 2011, file photo, AMD chips are displayed at the Micro Center computer store in Santa Clara, Calif. AMD is buying processing platform developer Xilinx in an all-stock deal valued at $35 billion. (AP Photo/Paul Sakuma, File)

As world goes online in pandemic, another mammoth chip deal

Oct. 27, 2020 12:01 PM EDT

SAN JOSE, Calif. (AP) — Advanced Micro Devices is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip makers and accelerate an already rapid-fire pace of mergers and buyouts in the industry. The deal announced Tuesday puts AMD in a place it wants to be;...

FILE - In this Wednesday, Aug. 22, 2007, file photo, Robert Murray, chief executive of Murray Energy Corp., speaks during an interview with an Associated Press reporter in his office at the Crandall Canyon Mine, in Huntington, Utah. Murray died Sunday, Oct. 25, 2020, at his home in Ohio less than a week after announcing his retirement as board chairman of a major U.S. coal operator. (AP Photo/Jae C. Hong, File)

Coal magnate Robert Murray dies; he long fought regulators

Oct. 26, 2020 9:21 AM EDT

ST. CLAIRSVILLE, Ohio (AP) — Robert Murray, the board chairman of the largest privately owned U.S. coal operator, who long fought federal regulations to reduce black lung disease, died at his home in Ohio less than a week after announcing his retirement, a lawyer said. Michael Shaheen, an attorney who had...

Acting Assistant Attorney General Brian Rabbitt, of the Justice Department's Criminal Division and other officials, speak, Thursday,  Oct. 22, 2020, at the Justice Department in Washington. A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal.  The company, Goldman Sachs Malaysia, entered the plea in federal court in Brooklyn. (Yuri Gripas/The New York Times via AP, Pool)

Goldman Sachs subsidiary pleads to US charges in 1MDB probe

Oct. 22, 2020 5:49 PM EDT

WASHINGTON (AP) — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.9 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal. In addition, several current and former top...

Police face supporters of Guinean opposition leader Cellou Dalein Diallo in Conakry, Guinea, Wednesday, Oct. 21, 2020. Diallo declared himself winner against incumbent President Alpha Conde in Sunday's presidential elections.(AP Photo/Sadak Souici)

Tension mounts as Guinea awaits presidential poll results

Oct. 22, 2020 1:40 PM EDT

CONAKRY, Guinea (AP) — Tensions climb in Guinea as the West African country awaits results from last weekend’s presidential elections. Preliminary results show Guinea’s President Alpha Conde, 82, ahead in the polls and the electoral commission said final results should be announced on...

Brazil's President Jair Bolsonaro listens during a presentation at the Planalto Presidential Palace in Brasilia, Brazil, Monday, Oct. 19, 2020. The Brazilian government announced the results of clinical tests with use of the drug Nitazoxanide for COVID-19 treatment. (AP Photo/Eraldo Peres)

Brazil's Bolsonaro rejects coronavirus vaccine from China

Oct. 21, 2020 4:44 PM EDT

SAO PAULO (AP) — Brazilian President Jair Bolsonaro on Wednesday rejected the announced purchase of 46 million doses of a potential vaccine against the coronavirus being developed by a Chinese company and tested in a state governed by a political rival, prompting some to question if he was allowing...

FILE - In this Oct. 14, 2020, file photo, Supreme Court nominee Amy Coney Barrett listens during a confirmation hearing before the Senate Judiciary Committee on Capitol Hill in Washington. Barrett served for nearly three years on the board of a private Christian school that effectively barred admission to children of same-sex parents and made it plain openly gay and lesbian teachers weren’t welcome in the classroom. (Erin Schaff/The New York Times via AP, Pool, File)

Barrett was trustee at private school with anti-gay policies

Oct. 21, 2020 3:01 PM EDT

Supreme Court nominee Amy Coney Barrett served for nearly three years on the board of private Christian schools that effectively barred admission to children of same-sex parents and made it plain that openly gay and lesbian teachers weren’t welcome in the classroom. The policies that discriminated against...

Robert Murray, center, chief executive of Murray Energy Corp., smiles while talking to Dave Canning, left, and Mike Glassom, right, two miners in charge of drilling bore holes into the Crandall Canyon Mine, before a news conference northwest of Huntington Utah, Sunday, Aug, 26, 2007. Murray, the founder and former president and CEO of a major U.S. coal operator that recently emerged from federal bankruptcy, has retired as chairman of the company's board. Murray ended a six-decade career by announcing his retirement Monday, Oct. 19, 2020 as board chairman of American Consolidated Natural Resource Holdings Inc. (AP Photo/Kenny Crookston)

Bob Murray retires as board chairman of US coal giant

Oct. 20, 2020 2:17 PM EDT

CHARLESTON, W.Va. (AP) — Robert Murray, the founder and former president and CEO of a major U.S. coal operator that recently emerged from federal bankruptcy, has retired as chairman of the company's board. Murray ended a six-decade career by announcing his retirement Monday as board chairman of American...