Latest Corporate management News

The Latest: Taylor grilled about Trump’s hold on Ukraine aid

Nov. 13, 2019 2:24 PM EST

WASHINGTON (AP) — The Latest on the House impeachment inquiry of President Donald Trump (all times local): 2:15 p.m. Republican Rep. Jim Jordan has told the top U.S. diplomat in Ukraine that he is “wrong” to have said there was a clear understanding that President Donald Trump was withholding...

Nike cuts ties with Amazon, but shoes won’t vanish from site

Nov. 13, 2019 12:21 PM EST

NEW YORK (AP) — Nike will stop selling its sneakers and athletic gear directly to Amazon, ending a two-year relationship with the world’s largest online retailer. The announcement was a setback for Amazon, which has been trying to lure big brands to its site. But shoppers may not notice a...

Abbott Labs veteran CEO White to step down next March

Nov. 13, 2019 9:39 AM EST

Abbott Laboratories will replace longtime CEO Miles White with another veteran executive next March. The medical device maker said Wednesday that its board unanimously appointed President and Chief Operating Officer Robert Ford to succeed White as CEO. Ford has been with the company for 23 years. Abbott said...

McDonald's workers say anti-harassment efforts fall short

Nov. 12, 2019 12:23 PM EST

A former McDonald's employee is suing the company and one of its Michigan franchisees over sexual harassment. On Tuesday, Jenna Ries filed a class-action lawsuit against the fast-food chain. She's one of at least 50 workers who have filed separate sexual harassment charges against McDonald's with the U.S. Equal...

Leader of food security nonprofits to head World Food Prize

Nov. 12, 2019 11:35 AM EST

DES MOINES, Iowa (AP) — The foundation that awards the World Food Prize to individuals who work to improve food security in hopes of ending world hunger announced Tuesday that its new president will be a woman who has led nonprofit organizations focused on global food security, food safety and the impact...

3 new candidates for European Commission clear 1st hurdle

Nov. 12, 2019 9:03 AM EST

BRUSSELS (AP) — Three new candidates for the European Commission have cleared a first hurdle in their nomination process after lawmakers scrutinizing possible conflicts of interest gave the go-ahead on Tuesday. The new Commission — the powerful executive arm of the European Union that proposes laws...

Kaiser Permanente CEO Tyson dies unexpectedly at 60

Nov. 10, 2019 8:37 PM EST

Health care provider Kaiser Permanente said Sunday its chairman and CEO, Bernard J. Tyson, has died unexpectedly at the age of 60. Tyson was the first African American to head Kaiser Permanente as CEO when he took that position in 2013 after filling a number of roles over three decades at the company. No other...

Uncertainty over US-China trade keeps markets in check

Nov. 8, 2019 8:11 AM EST

LONDON (AP) — Uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war kept global markets in check Friday. Though the two sides have agreed to reduce some punitive tariffs on each other's goods, the full extent of the rollback wasn't clear. A Chinese spokesman announced...

Top US diplomat struggles to shrug off impeachment inquiry

Nov. 8, 2019 12:23 AM EST

WASHINGTON (AP) — Secretary of State Mike Pompeo tries to shrug off the impeachment inquiry that has ensnared the State Department and raised questions about his leadership. Pompeo portrays the inquiry, which centers on President Donald Trump's attempt to link U.S. military aid to Ukraine to a corruption...

Gap CEO Art Peck steps down amid slumping sales, stock price

Nov. 7, 2019 8:42 PM EST

NEW YORK (AP) — Gap announced Thursday that CEO Art Peck is stepping down as the company struggles to turn around a long-standing sales slump. The San Francisco-based retailer also lowered its earnings outlook for the year as sales at the Gap, Banana Republic and Old Navy fell in the most recent quarter....