Latest Corporate management News

US-Russian journalist convicted in a rapid, secret trial, gets 6 1/2 years in prison, court says

Jul. 22, 2024 17:48 PM EDT

A court has convicted Alsu Kurmasheva, a Russian-American journalist for the U.S. government-funded Radio Free Europe/Radio Liberty, of spreading false information about the Russian army and sentenced her to 6½ years in prison after a secret trial, court records and officials said Monday. ...

Who are some of the Americans behind bars in Russia, and what are the prospects for their release?

Jul. 20, 2024 00:04 AM EDT

TALLINN, Estonia (AP) — Arrests of Americans in Russia have become increasingly common with relations sinking to Cold War lows. U.S. citizens jailed on various charges in the country include a vacationing corporate security executive and a dual national visiting her family in...

Amazon says this year's Prime Day was its biggest ever

Jul. 18, 2024 12:33 PM EDT

NEW YORK (AP) — Amazon saw record sales for Prime Day this week as Prime members purchased more items than ever before, the company announced Thursday. The Seattle e-commerce giant, which does not disclose how much it earns during the popular discount event, also said...

Cass: Q2 Earnings Snapshot

Jul. 18, 2024 08:47 AM EDT

ST. LOUIS (AP) — ST. LOUIS (AP) — Cass Information Systems Inc. (CASS) on Thursday reported second-quarter net income of $4.5 million. The St. Louis-based company said it had profit of 32 cents per share. The invoice and payment management company posted revenue of...

President Joe Biden tests positive for COVID-19 while campaigning in Las Vegas, has 'mild symptoms'

Jul. 18, 2024 05:24 AM EDT

LAS VEGAS (AP) — President Joe Biden tested positive for COVID-19 while traveling Wednesday in Las Vegas and is experiencing “mild symptoms” including “general malaise” from the infection, the White House said. Press secretary Karine Jean-Pierre said Biden will fly to his...

Five Below's CEO and president steps down amid weak sales

Jul. 16, 2024 18:23 PM EDT

NEW YORK (AP) — Five Below said Tuesday that its CEO and President Joel Anderson has stepped down amid languishing sales at the discount retailer catering to teens. The Philadelphia-based company, which has been wrestling with slower spending by its lower-income shoppers and...

Today in History: July 14, the storming of the Bastille

Jul. 14, 2024 00:09 AM EDT

Today in History Today is Sunday, July 14, the 196th day of 2024. There are 170 days left in the year. Today’s Highlight in History: On July 14, 1789, in an event symbolizing the start of the French Revolution, citizens of Paris stormed the Bastille prison and...

Destination Paris: American gymnast Frederick Richard wants to bring his sport to the masses

Jul. 12, 2024 06:03 AM EDT

ANN ARBOR, Michigan (AP) — Editor’s note: Olympic athletes competing in the marquee sports of gymnastics, swimming and track and field train for one shot at gold every four years with little margin for error. The Associated Press followed several of those athletes during their preparations for...

Half a million Houston-area homes and businesses still won't have power into next week

Jul. 11, 2024 23:13 PM EDT

HOUSTON (AP) — About half a million Houston-area homes and businesses will still be without electricity next week, the city's largest utility said Thursday, stoking the frustration of hot and weary residents and leading a top state official to call the pace of recovery from Hurricane Beryl “not...

Higher costs and low base fares send Delta's profit down 29%. The airline still earned $1.31 billion

Jul. 11, 2024 12:31 PM EDT

Americans are traveling in record numbers this summer, but Delta Air Lines said Thursday that it saw second-quarter profit drop 29% due to higher costs and discounting of base-level fares across the industry. The airline is also predicting a lower profit than Wall Street expects for...