Latest Corporate management News

Acting Assistant Attorney General Brian Rabbitt, of the Justice Department's Criminal Division and other officials, speak, Thursday,  Oct. 22, 2020, at the Justice Department in Washington. A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal.  The company, Goldman Sachs Malaysia, entered the plea in federal court in Brooklyn. (Yuri Gripas/The New York Times via AP, Pool)

Goldman Sachs subsidiary pleads to US charges in 1MDB probe

Oct. 22, 2020 5:49 PM EDT

WASHINGTON (AP) — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.9 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal. In addition, several current and former top...

Police face supporters of Guinean opposition leader Cellou Dalein Diallo in Conakry, Guinea, Wednesday, Oct. 21, 2020. Diallo declared himself winner against incumbent President Alpha Conde in Sunday's presidential elections.(AP Photo/Sadak Souici)

Tension mounts as Guinea awaits presidential poll results

Oct. 22, 2020 1:40 PM EDT

CONAKRY, Guinea (AP) — Tensions climb in Guinea as the West African country awaits results from last weekend’s presidential elections. Preliminary results show Guinea’s President Alpha Conde, 82, ahead in the polls and the electoral commission said final results should be announced on...

Renewable energy at center of race for Arizona utility board

Oct. 22, 2020 12:47 PM EDT

PHOENIX (AP) — The little-watched race for control of Arizona’s utility regulatory commission could have big implications for power rates and the future of renewable energy. Democrats now have a shot at wresting control of the commission, which is currently controlled 4-1 by Republicans and has had...

Brazil's President Jair Bolsonaro listens during a presentation at the Planalto Presidential Palace in Brasilia, Brazil, Monday, Oct. 19, 2020. The Brazilian government announced the results of clinical tests with use of the drug Nitazoxanide for COVID-19 treatment. (AP Photo/Eraldo Peres)

Brazil's Bolsonaro rejects coronavirus vaccine from China

Oct. 21, 2020 4:44 PM EDT

SAO PAULO (AP) — Brazilian President Jair Bolsonaro on Wednesday rejected the announced purchase of 46 million doses of a potential vaccine against the coronavirus being developed by a Chinese company and tested in a state governed by a political rival, prompting some to question if he was allowing...

FILE - In this Oct. 14, 2020, file photo, Supreme Court nominee Amy Coney Barrett listens during a confirmation hearing before the Senate Judiciary Committee on Capitol Hill in Washington. Barrett served for nearly three years on the board of a private Christian school that effectively barred admission to children of same-sex parents and made it plain openly gay and lesbian teachers weren’t welcome in the classroom. (Erin Schaff/The New York Times via AP, Pool, File)

Barrett was trustee at private school with anti-gay policies

Oct. 21, 2020 3:01 PM EDT

Supreme Court nominee Amy Coney Barrett served for nearly three years on the board of private Christian schools that effectively barred admission to children of same-sex parents and made it plain that openly gay and lesbian teachers weren’t welcome in the classroom. The policies that discriminated against...

Nebraska Dept. of Transportation head leaving for new job

Oct. 20, 2020 5:22 PM EDT

LINCOLN, Neb. (AP) — An official who oversaw Nebraska's road and bridge repairs after last year's historic floods and helped create the state Department of Transportation is leaving his post for a private-sector job, Gov. Pete Ricketts announced Tuesday. Nebraska DOT Director Kyle Schneweis is stepping...

Robert Murray, center, chief executive of Murray Energy Corp., smiles while talking to Dave Canning, left, and Mike Glassom, right, two miners in charge of drilling bore holes into the Crandall Canyon Mine, before a news conference northwest of Huntington Utah, Sunday, Aug, 26, 2007. Murray, the founder and former president and CEO of a major U.S. coal operator that recently emerged from federal bankruptcy, has retired as chairman of the company's board. Murray ended a six-decade career by announcing his retirement Monday, Oct. 19, 2020 as board chairman of American Consolidated Natural Resource Holdings Inc. (AP Photo/Kenny Crookston)

Bob Murray retires as board chairman of US coal giant

Oct. 20, 2020 2:17 PM EDT

CHARLESTON, W.Va. (AP) — Robert Murray, the founder and former president and CEO of a major U.S. coal operator that recently emerged from federal bankruptcy, has retired as chairman of the company's board. Murray ended a six-decade career by announcing his retirement Monday as board chairman of American...

This Monday, Jan. 27, 2020, photo shows the General Motors logo. General Motors is expected to reveal that it will build the Cadillac Lyriq electric SUV at its factory in Spring Hill, Tenn., when it makes a major manufacturing announcement Tuesday, Oct. 20, 2020. (AP Photo/Paul Sancya)

GM expected to announce electric vehicle for Tennessee plant

Oct. 19, 2020 8:36 PM EDT

DETROIT (AP) — General Motors is expected to reveal that it will build the Cadillac Lyriq electric SUV at its factory in Spring Hill, Tennessee, when it makes a major manufacturing announcement on Tuesday. The Detroit automaker said it plans an online announcement Tuesday morning, but it declined further...

This Sept. 18, 1990 file photo shows James A. Johnson, left, after being elected by the board of directors to be the new chief executive officer of Fannie May succeeding David O. Maxwell, at right. Johnson, a former Democratic campaign operative who was CEO of housing lender Fannie Mae in the 1990s and served as chairman of Walter Mondale's presidential bid, died Sunday, Oct. 18, 2020 at his home in Washington. He was 76. (AP Photo/Doug Mills)

Former Democratic power broker James A. Johnson dies at 76

Oct. 18, 2020 4:44 PM EDT

MINNEAPOLIS (AP) — James A. Johnson, a former Democratic campaign operative who was CEO of housing lender Fannie Mae in the 1990s and served as chairman of Walter Mondale's presidential bid, died Sunday at his home in Washington. He was 76. Johnson's son, Alfred, confirmed that his father had died, telling...

Spaceport America board fires executive director

Oct. 16, 2020 9:25 PM EDT

LAS CRUCES, N.M. (AP) — The CEO of New Mexico’s commercial spacecraft launch facility facing accusation he pressured a former chief financial officer to circumvent internal financial controls was ousted Friday. Dan Hicks was terminated as Spaceport America’s executive director and CEO with...