Latest Corporate management News

PG&E boss says it wasn’t fully ready for California outages

Nov. 18, 2019 10:39 PM EST

SACRAMENTO, Calif. (AP) — The head of Pacific Gas & Electric Corp. told angry California lawmakers Monday that the nation’s largest electric utility wasn’t fully prepared for the effects of its unprecedented outages last month even as it plans to shut off power to more than half a million...

Vatican’s financial 007 leaves amid fallout from police raid

Nov. 18, 2019 2:55 PM EST

VATICAN CITY (AP) — The head of the Vatican’s financial watchdog agency is leaving his post after a raid by Vatican police on the agency’s offices breached the Holy See’s international financial obligations and jeopardized its reputation. Pope Francis thanked Rene Bruelhart for his...

Colorful T-Mobile CEO leaving, even as Sprint deal not done

Nov. 18, 2019 1:25 PM EST

T-Mobile said Monday its colorful CEO John Legere is stepping down next year, even as the wireless company’s long-running effort to merge with rival Sprint remains unfinished. Its current president and chief operating officer, Mike Sievert, will become CEO in May after Legere’s contract ends....

Boeing says it has to ‘re-earn’ public’s trust after crashes

Nov. 16, 2019 8:24 AM EST

DUBAI, United Arab Emirates (AP) — A senior Boeing executive said Saturday the company knows it has to re-earn the public’s trust as it works to win approval from U.S. regulators to get its grounded 737 Max jets flying again after crashes that killed 346 people. Stan Deal, president and CEO of...

Ousted ambassador says she felt intimidated by Trump attacks

Nov. 16, 2019 12:45 AM EST

WASHINGTON (AP) — In chilling detail, ousted U.S. Ambassador to the Ukraine Marie Yovanovitch described to Trump impeachment investigators Friday how she felt threatened upon learning that President Donald Trump had promised Ukraine’s leader she was “going to go through some things.”...

NRA tax filing: Embattled CEO earned about $2 mil last year

Nov. 15, 2019 8:42 PM EST

The National Rifle Association’s embattled top executive earned about $2 million last year at a time when the gun rights lobby is beating back challenges from regulators, longtime members and gun control groups, according to tax filings cited in media reports. The tax filings come as the NRA faces...

Former BMW executive Duesmann named new CEO at rival Audi

Nov. 15, 2019 10:07 AM EST

BERLIN (AP) — German automaker Audi says former BMW executive Markus Duesmann is to become its new chief executive. Audi said Friday that the 50-year-old succeeds current CEO Bram Schot on April 1. Herbert Diess, the head of Volkswagen, of which Audi is a part, called Duesmann an “excellent...

Nation’s largest utility in long-term deals to sell power

Nov. 14, 2019 7:33 PM EST

MEMPHIS, Tenn. (AP) — Most of the local companies that receive power generated by the Tennessee Valley Authority have signed long-term partnership agreements, but some larger customers still have not agreed to the 20-year deals, officials said Thursday. TVA President and CEO Jeff Lyash said during a Board...

Brazil’s major cities lock horns for F1 race after 2020

Nov. 14, 2019 1:09 PM EST

SAO PAULO (AP) — Once a year, racing fans across South America flock to the region’s only Formula One Grand Prix in the Brazilian metropolis of Sao Paulo. But the drizzly hometown of legendary driver Ayrton Senna risks losing that opportunity to shine. This week’s Brazilian GP at Interlagos...

The Latest: New evidence emerges in impeachment hearing

Nov. 13, 2019 10:09 PM EST

WASHINGTON (AP) — The Latest on the House impeachment inquiry of President Donald Trump (all times local): 10 p.m. On Day One of public impeachment hearings, the top American diplomat in Ukraine revealed new evidence that President Donald Trump was overheard asking about political...