Latest Corporate management News

Live updates | Zelenskyy: Russia should pay for destruction

May. 20, 2022 18:08 PM EDT

KYIV, Ukraine -- President Volodymyr Zelenskyy devoted his nightly video address to Ukraine’s demand that Russia be held financially responsible for the damage its forces are inflicting on Ukraine. Just on Friday, he noted, the Russian army fired a missile at the northeastern...

Judge dismisses lawsuit against Musk, Tesla and Twitter fan

May. 20, 2022 16:52 PM EDT

SAN FRANCISCO (AP) — A federal judge in California has dismissed a securities fraud and defamation lawsuit filed by a Tesla investor against CEO Elon Musk, one of Musk's supporters and Tesla. In an order filed Thursday, Judge James Donato threw out the lawsuit by the investor,...

Germany's Schroeder to quit Rosneft board as backlash mounts

May. 20, 2022 10:08 AM EDT

BERLIN (AP) — Former German Chancellor Gerhard Schroeder plans to leave the board of directors of Russian state energy company Rosneft as a backlash over his ties with Russia and its energy sector mounts. Schroeder, 78, is the chairman of Rosneft's board. Rosneft said Friday that...

Alex Rodriguez invests in Professional Fighters League

May. 19, 2022 09:38 AM EDT

LOS ANGELES (AP) — Alex Rodriguez is taking a swing at mixed martial arts as an investor and board member for the Professional Fighters League. The PFL announced the addition of the former New York Yankees star to its board of directors Thursday. Rodriguez's...

Chinese tire maker cancels project in eastern North Carolina

May. 18, 2022 10:04 AM EDT

ROCKY MOUNT, N.C. (AP) — A Chinese tire maker which announced a project five years ago to build a plant and bring at least 800 jobs to a North Carolina county has pulled out and returned the 400-acre site, officials said. News outlets report Triangle Tyre notified the Carolinas...

Editorial Roundup: Indiana

May. 17, 2022 14:25 PM EDT

Indianapolis Business Journal. May 13, 2022. Editorial: Kudos to two excellent leaders moving on to new adventures Two great Indianapolis organizations announced this week they’re losing their longtime leaders—and both men are worth celebrating. ...

US allows more baby formula imports to fight shortage

May. 16, 2022 20:25 PM EDT

WASHINGTON (AP) — Under fire from parents and politicians, President Joe Biden’s administration announced steps Monday to ease a nationwide shortage of baby formula, including reopening the largest domestic manufacturing plant and increasing imports from overseas. The Food and...

Workers start union push at Trader Joe's in Massachusetts

May. 16, 2022 16:25 PM EDT

Employees are seeking to unionize at a Trader Joe's grocery store in western Massachusetts, joining a nationwide surge of labor organizing among retail and food service workers. Organizers at the store in Hadley sent an open letter to company CEO Dan Bane dated Saturday citing...

A Bezos-Biden squabble: Can corporate taxes tame inflation?

May. 16, 2022 16:05 PM EDT

WASHINGTON (AP) — Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as “disinformation” and "misdirection." The White House quickly retorted Monday that Bezos...

Convicted killer turned tech whiz confronts his sordid past

May. 16, 2022 03:06 AM EDT

REHOVOT, Israel (AP) — When he was 20 years old, Harel Hershtik planned and executed a murder, shooting his victim in the head and burying the body in a crime that a quarter of a century later is still widely remembered for its grisly details. Today, he is the brains behind an...