Latest Corporate management News
The Latest: Sales figures show strong demand for Canada weed
TORONTO (AP) — The Latest on Canada's legalization of recreational marijuana (all times local): 12:40 p.m. Sales figures on the first morning under Canada's new legalized pot regime suggest there's considerable demand for cannabis products across the country. Shopify is powering many of the provincial...
Sears files for Chapter 11 amid plunging sales, massive debt
NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. The question now is whether a smaller version of the company that once towered over the American retail landscape can be viable. Sears, which...
Hurricane-walloped North Carolina votes again after Big 1
RALEIGH, N.C. (AP) — For a Southern state regularly exposed to hurricanes, call it an election Florence-style. In 2016, North Carolina voters cast their ballots just four weeks after Hurricane Matthew unleashed devastating floodwaters on the state's eastern half. This fall, they're voting about seven weeks...
Trump's business ties to kingdom run long and deep
NEW YORK (AP) — He's booked hotel rooms and meeting spaces to them, sold an entire floor in one of his buildings to them and, in desperate moments in his career, gotten a billionaire from the country to buy his yacht and New York's Plaza Hotel overlooking Central Park. President Donald Trump's ties to...
'I love the Saudis': Trump business ties to kingdom run deep
NEW YORK (AP) — He's booked hotel rooms and meeting spaces to them, sold an entire floor in one of his buildings to them and, in desperate moments in his career, gotten a billionaire from the country to buy his yacht and New York's Plaza Hotel overlooking Central Park. President Donald Trump's ties to...
Retailers up their game after Toys R Us closures
NEW YORK (AP) — When Toys R Us closed its doors, customers mourned the loss of a beloved brand that conjured memories of their own childhood. Retailers, on the other hand, saw an opportunity. Rather than cede any more ground to online behemoth Amazon, companies like Target, Walmart and Party City ramped up...
Sears names restructuring expert to board as debt is due
NEW YORK (AP) — Sears Holdings Corp. is adding a restructuring expert to its board, suggesting the ailing retailer may be preparing to take significant actions to survive or to protect its remaining assets. The Hoffman Estates, Illinois, company, which also owns Kmart, said Tuesday it was bringing on board...
Trump posts losses at another Scottish golf resort
NEW YORK (AP) — A second Scottish golf resort owned by President Donald Trump posted losses last year as his company faced an anti-Trump backlash, roadblocks to expansion plans and a dip in the local economy. A report from Britain's Companies House shows the Trump International Golf Links near Aberdeen...
Former Trump aide Hope Hicks to work at Fox company
NEW YORK (AP) — President Trump's former communications chief Hope Hicks is taking on a similar role at the new Fox company, meaning she'll supervise messaging at her former boss' favorite television network. The new company, being created by the shedding of many of 21st Century Fox's entertainment assets...
China says detained former Interpol chief accused of bribery
BEIJING (AP) — Chinese authorities scrambled to contain a public relations mess over the disappearance of the former Interpol president during his trip home to China, saying Monday that he was being lawfully investigated for bribery and other crimes. But the government's announcement did little to address...
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