Latest Corporate management News
Iconic Tupperware Brands seeks Chapter 11 bankruptcy
NEW YORK (AP) — Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Orlando, Florida-based Tupperware plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale,...
US judge unlikely to rule until next week as Arizona tribe fights to extend ban on lithium drilling
PHOENIX (AP) — Members of an Arizona tribe urged a federal judge Tuesday to extend a temporary ban on exploratory drilling for a lithium project near lands they have used for religious and cultural ceremonies for centuries. An executive for the Australian mining company that is...
Tennessee official and executive accused of rigging a bid on a $123M contract are charged
NASHVILLE, Tenn. (AP) — A former Tennessee prison official and a former executive at a private contractor have been charged with conspiracy to obstruct justice and commit perjury after they were accused of rigging a bid on a $123 million contract, federal prosecutors announced Tuesday. ...
Trump will soon be able to sell shares in Truth Social's parent company. What's at stake?
NEW YORK (AP) — For all the debate about just how rich former President Donald Trump is, one thing is clear: His ownership stake in Trump Media & Technology Group makes him a billionaire. The company behind the Truth Social platform is worth more than $3 billion on Wall Street,...
Boeing says it's considering temporary layoffs to save cash during the strike by machinists
SEATTLE (AP) — Boeing plans to freeze hiring and reduce travel and is considering temporary layoffs to save cash during a factory workers’ strike that began last week, the company told employees Monday. The company said the moves, which include reduced spending on suppliers, were...
Biden is taking on cheap products from China. It could mean higher prices
WASHINGTON (AP) — The Biden administration is cracking down on cheap products sold out of China, expanding a push to reduce U.S. dependence on Beijing and bolster homegrown industry, but that could trigger higher prices for U.S. consumers who flock to popular shopping sites like Temu and Shein. ...
Top AI business leaders meet with Biden administration to discuss the emerging industry's needs
WASHINGTON (AP) — Top Biden administration officials on Thursday discussed the future of artificial intelligence at a meeting with a group of executives from OpenAI, Nvidia, Microsoft and other companies. The focus was on building data centers in the United States and the infrastructure needed to...
Utility ordered to pay $100 million for its role in Ohio bribery scheme
An energy company at the center of a $60 million bribery scheme in Ohio has been ordered by the U.S. Securities and Exchange Commission to pay a $100 million civil penalty for misleading investors about its role in the scandal. Akron-based FirstEnergy Corp. violated antifraud...
Trump closing in on being able to sell his shares of Truth Social's parent company. But will he?
Shares of Trump Media & Technology fell more than 10% Wednesday following last night’s debate between Donald Trump and Vice President Kamala Harris. The former president can start selling shares of Truth Social's parent company next week starting on Sept. 19 when a lockup...
European business confidence in China is at an all-time low, report says
HONG KONG (AP) — China must reprioritize economic growth and reforms and boost investor confidence by leveling the playing field for all companies in the country, a European business group said Wednesday. With “business confidence now at an all-time low” over lagging domestic...
