Latest Corporate management News

This image provided by Stuff, shows CEO Sinead Boucher in Auckland, New Zealand Nov. 28, 2019. Stuff, one of New Zealand's largest media organizations has been sold for a single dollar to the chief executive, Sinead Boucher in a management buyout that would be completed by the end of the month. (David White/Stuff via AP)

CEO buying struggling New Zealand media company for $1

May. 24, 2020 11:22 PM EDT

WELLINGTON, New Zealand (AP) — One of New Zealand's largest media organizations is being sold for a single dollar to its chief executive, the owners announced Monday. The organization Stuff prints many of the nation’s daily newspapers and runs a popular news website of the same name. It employs...

FILE - In this May 6, 2020, file photo, a Hertz car rental is closed during the coronavirus pandemic in Paramus, N.J. Hertz filed for bankruptcy protection Friday, May 22, 2020, unable to withstand the pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business. (AP Photo/Ted Shaffrey, File)

Debt and coronavirus push Hertz into bankruptcy protection

May. 23, 2020 12:29 AM EDT

Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business. The Estero, Florida-based company's lenders were unwilling to grant it another extension on its auto lease debt...

Vice President Mike Pence eats lunch with Georgia Gov. Brian Kemp and his wife Marty Kemp at the Star Cafe, Friday, May 22, 2020, in Atlanta. Pence said Georgia was

Pence visits Georgia cafe that reopened despite virus

May. 22, 2020 10:39 PM EDT

NORCROSS, Ga. (AP) — Vice President Mike Pence on Friday praised Georgia’s decision to quickly reopen businesses during the coronavirus outbreak during a visit to the state that included lunch with the governor at an Atlanta café that had resumed dine-in service. “We just went out to...

FILE - This March 2, 2019, file photo, shows a Customs and Border Control agent patrolling on the US side of a razor-wire-covered border wall along the Mexico east of Nogales, Ariz. A North Dakota construction company favored by President Donald Trump has received the largest contract to build a wall along the U.S.-Mexico border. The Army Corp of Engineers also said there was no set date to start or complete construction, which will take place near Nogales, Arizona and Sasabe, Arizona. (AP Photo/Charlie Riedel, File)

Largest yet: $1.3 billion contract for border wall awarded

May. 20, 2020 6:51 PM EDT

PHOENIX (AP) — A North Dakota construction company favored by President Donald Trump has received the largest contract to date to build a section of Trump’s signature wall along the U.S.-Mexico border. Republican U.S. Sen. Kevin Cramer of North Dakota confirmed the $1.3 billion contract for building...

FILE - In this Friday, April 13, 2018, file photo, Herbert Diess, right, CEO of the Volkswagen, and Hans Dieter Poetsch, left, chairman of the board of directors of Volkswagen address the media during a press conference in Wolfsburg, Germany. Volkswagen said charges of securities-law violations against its CEO and board chairman are to be dropped in return for a 9 million-euro ($10 million) payment, removing a potential distraction for the company's management team as it copes with the virus crisis and oversees the rollout of a new generation of electric cars. (AP Photo/Michael Sohn, File)

Securities case ended against Volkswagen CEO, board chairman

May. 20, 2020 12:39 PM EDT

FRANKFURT, Germany (AP) — Volkswagen said charges of securities-law violations against its CEO and board chairman are to be dropped in return for a 9 million-euro ($10 million) payment, removing a potential distraction for the company's management team as it copes with the virus crisis and oversees the...

President Donald Trump speaks during an event on the food supply chain amid the coronavirus pandemic, in the Roosevelt Room of the White House, Tuesday, May 19, 2020, in Washington. (AP Photo/Evan Vucci)

My 'decision to make': Trump defends criticized use of drug

May. 19, 2020 8:22 PM EDT

WASHINGTON (AP) — President Donald Trump emphatically defended himself Tuesday against criticism from medical experts that his announced use of a malaria drug against the coronavirus could spark wide misuse by Americans of the unproven treatment with potentially fatal side effects. Trump's revelation a day...

President Donald Trump listens as Secretary of Transportation Elaine Chao speaks during an event celebrating American truckers, at the White House, Thursday, April 16, 2020, in Washington. (AP Photo/Evan Vucci)

Democrats protest removal of Transportation watchdog

May. 19, 2020 7:03 PM EDT

WASHINGTON (AP) — Congressional Democrats are protesting President Donald Trump's decision to remove the Transportation Department's acting inspector general, the latest in a string of actions by Trump to fire or replace government watchdogs. The Democratic chairs of three House panels on Tuesday demanded...

In this July 13, 2015 file photo, Disney chief strategy officer Kevin Mayer visits the company's

Video app TikTok names top Disney streaming exec as new CEO

May. 18, 2020 7:30 PM EDT

TikTok, the popular short-video app that has also drawn national-security and privacy concerns, has a new high-profile CEO from Disney, Kevin Mayer. Mayer will also be chief operating officer of TikTok's Chinese parent company, ByteDance, and report to its founder and CEO, Yiming Zhang, the company announced...

In this Oct. 8, 2019 photo, a person walks by a SoftBank shop in Tokyo. Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments, including troubled office space-sharing venture WeWork. (AP Photo/Eugene Hoshiko)

SoftBank racks up losses as Vision Fund investments plunge

May. 18, 2020 5:23 AM EDT

TOKYO (AP) — Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork. SoftBank, founded in 1981, said Monday the drop in...

FILE - In this May 15, 2019, file photo, founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris. Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over its risky investments such as office-sharing venture WeWork. (AP Photo/Thibault Camus, File)

Alibaba's Jack Ma quits board of Japan's struggling SoftBank

May. 18, 2020 1:57 AM EDT

TOKYO (AP) — Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over its risky investments such as office-sharing venture WeWork. Tokyo-based SoftBank announced Ma's resignation Monday, ahead of releasing financial results. It...