Latest Corporate management News
Nokia profit up, new CEO pledges to boost 5G investments
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...
The Latest: China says latest outbreak appears contained
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...
France, Germany impose new lockdowns to curb virus spread
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 —...
As world goes online in pandemic, another mammoth chip deal
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;...
Coal magnate Robert Murray dies; he long fought regulators
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...
Goldman Sachs subsidiary pleads to US charges in 1MDB probe
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...
Tension mounts as Guinea awaits presidential poll results
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 Bolsonaro rejects coronavirus vaccine from China
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...
Barrett was trustee at private school with anti-gay policies
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...
Bob Murray retires as board chairman of US coal giant
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...
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