Latest Corporate management News

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...

Navajo company confident about Wyoming, Montana coal bonding

Nov. 13, 2019 7:14 PM EST

CHEYENNE, Wyo. (AP) — Navajo tribal energy company officials expressed confidence Wednesday they will be able to secure necessary bonding for recently purchased coal mines in Wyoming and Montana without financial backing from the Navajo Nation. The Navajo Transitional Energy Co. has adequate potential...

Tissue plant announces $400M expansion during grand opening

Nov. 13, 2019 3:45 PM EST

MACON, Ga. (AP) — The CEO of a tissue product company says plans to expand a newly opened facility in Georgia are now under way as the plant has already “sold out” of its space. The Macon Telegraph reports the Irving Tissue plant in Macon-Bibb County celebrated its grand opening Wednesday and...

Alterra plans to buy Sugarbush

Nov. 13, 2019 3:02 PM EST

WARREN, Vt. (AP) — Alterra Mountain Company in Denver says it has entered an agreement to buy Sugarbush Resort in Vermont. The purchase would increase Alterra Mountain’s total year-round mountain destinations to 15 in six states and three Canadian provinces. Alterra’s chief executive officer...