Latest Corporate management News
South Carolina governor visiting Germany, a major driver of the state's economy
COLUMBIA, S.C. (AP) — South Carolina Gov. Henry McMaster is off to Germany next week to strengthen business ties that have fueled this century's economic boom in the formerly struggling Southern state. The governor is an invited guest at the TDI conference, also known as the Day of...
U.S. bans on gasoline-powered leaf blowers grow, as does blowback from landscaping industry
TRENTON, N.J. (AP) — The roar of the leaf blower has become an inescapable part of daily life in communities across America, leading towns and states to ban or restrict blowers that run on gasoline. But the measures face blowback from the landscaping industry and some property...
'Verzuz' will return after Swizz Beatz, Timbaland lock in new distribution partnership with X
LOS ANGELES (AP) — Swizz Beatz and Timbaland are bringing the “Verzuz” series back with a new major platform for viewers to watch musicians face off in a song-against-song battle. The legendary producers announced Wednesday that Verzuz cemented an exclusive partnership for...
Adidas is investigating allegations of embezzlement and bribery in China, according to news reports
HONG KONG (AP) — Athletic apparel company Adidas has launched an investigation into allegations of “compliance violations” in China after receiving an anonymous letter earlier this month accusing local executives of embezzling “millions of euros,” according to news reports. ...
Gamestop shares slump following annual shareholder meeting
NEW YORK (AP) — Gamestop's CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday. Cohen added this would involve a “smaller network of stores” — suggesting that more store...
Executives of telehealth company accused of fraud that gave easy access to addictive Adderall drug
LOS ANGELES (AP) — Top executives of a California-based online mental health company were arrested on allegations of improperly prescribing addictive stimulants like Adderall during the coronavirus pandemic and exacerbating the shortage of the drugs for those who medically need them, officials...
Gamestop's annual shareholder meeting disrupted after 'unprecedented demand' causes tech issue
NEW YORK (AP) — Gamestop's highly-anticipated shareholder meeting ran into a technical problem Thursday — resulting in many eager investors being unable to log on to the livestream. A spokesperson for Computershare, the company hosting the webcast, confirmed that “unprecedented...
Former executive of Mississippi Lottery Corporation is sentenced for embezzlement
BRANDON, Miss. (AP) — A former vice president of the Mississippi Lottery Corporation has been sentenced to five years of house arrest after she pleaded guilty to embezzlement for giving herself unauthorized pay raises, the state auditor said Thursday. Hope Bishop was in charge of...
Ozy Media went from buzzy to belly-up. Its founder, Carlos Watson, is now on trial
NEW YORK (AP) — For nearly a decade, Ozy Media projected an image of new-media success. The company boasted big-name interviews, an Emmy-winning TV show, a buzzy music and ideas festival and impressive numbers to show prospective investors — until it imploded in 2021 amid doubts...
Southwest Airlines CEO says he won't resign. A hedge fund is trying to get him fired
DALLAS (AP) — The CEO of Southwest Airlines said Wednesday he will not resign in the face of pressure from a hedge fund that wants him fired and that his leadership team will produce its own plan to boost the airline's financial performance. CEO Robert Jordan said Southwest will...
