Latest Executive changes News

US pressure on Hezbollah may hamper Lebanese government

May. 24, 2018 3:57 PM EDT

BEIRUT (AP) — Growing U.S. pressure on Lebanon's Iranian-backed Hezbollah group, including a new wave of sanctions targeting its top leadership, may hamper the formation of a new government that caretaker Prime Minister Saad Hariri was overwhelmingly chosen to form on Thursday. Hariri's aim is to quickly...

CEO, board members quit Russian metals giant amid sanctions

May. 24, 2018 6:24 AM EDT

MOSCOW (AP) — Russian aluminum maker Rusal says its CEO and seven board members have quit, a move that comes as the company struggles to survive U.S. sanctions. U.S. has hit Rusal and its major shareholder, billionaire Oleg Deripaska, with sanctions cutting the company off from international financial...

J.C. Penney CEO Ellison departs for Lowe's

May. 22, 2018 11:10 AM EDT

NEW YORK (AP) — J.C. Penney CEO Marvin Ellison, a former Home Depot executive, is leaving the department store chain after less than four years to become the top executive at Lowe's. The announcement Tuesday, just days after J.C. Penney released disappointing results, sent its shares down more than 3...

JC Penney's CEO Ellison departs for Lowe's, shares plunge

May. 22, 2018 9:23 AM EDT

MOORESVILLE, N.C. (AP) — J.C. Penney's CEO is leaving the company to become the top executive at Lowe's. The announced departure of Marvin Ellison on Tuesday sent shares of the besieged department store tumbling more than 12 percent to what may become an all-time low. Shares of Lowe's Cos., which has...

Italy edges toward 1st populist govt, law prof as premier

May. 21, 2018 3:52 PM EDT

ROME (AP) — With Europe and markets watching anxiously, Italy edged toward its first populist government Monday as the euroskeptic 5-Star Movement and the right-wing League identified a 53-year-old law professor with no political experience as their pick to become the country's next premier. Five-Star...

The Latest: Iran says 'sham' US policy to reap 'ill rewards'

May. 21, 2018 1:37 PM EDT

WASHINGTON (AP) — The Latest on Secretary of State Mike Pompeo discussing strategy on Iran (all times local): 1:35 p.m. Iran's foreign minister has taken to Twitter to criticize a speech by U.S. Secretary of State Mike Pompeo that took a hard line on the Islamic Republic. Mohammad Javad Zarif tweeted late...

The Latest: Cuba state media says Castro had hernia surgery

May. 18, 2018 8:22 PM EDT

HAVANA (AP) — The Latest on the plane crash in Havana (all times local): 8:15 p.m. Cuban state media say Communist Party leader Raul Castro is recovering from a hernia operation. State television said on its evening broadcast that the 86-year-old leader who stepped down as president last month was...

Trump nominates acting VA secretary Wilkie for permanent job

May. 18, 2018 5:51 PM EDT

WASHINGTON (AP) — In a surprise announcement that caught the candidate off-guard, President Donald Trump said Friday he'll nominate acting Veterans Affairs Secretary Robert Wilkie to permanently lead the beleaguered department. Trump spilled the news about Wilkie at a White House event on prison reform as...

Markets Right Now: Mixed finish for US stocks on Wall Street

May. 18, 2018 4:14 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. It was a mixed finish on Wall Street as declines in banks and technology companies offset gains elsewhere in the market. Citigroup lost 2.2 percent Friday, and chipmaker Intel fell 2.4 percent. Industrial companies...

Campbell Soup CEO out, steel tariffs to bite soon

May. 18, 2018 11:34 AM EDT

NEW YORK (AP) — The top executive at Campbell Soup will retire and the company is undergoing a strategic review as it tries to revive sales that have been under pressure due to shifting American tastes and rising costs. Denise Morrison, who has been has been CEO since 2011, is being replaced immediately by...