Latest Corporate management News

Boeing posts a $355 million loss as the plane maker tries to dig out from under its latest crisis

Apr. 24, 2024 09:56 AM EDT

Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers. ...

New federal rule would bar 'noncompete' agreements for most employees

Apr. 23, 2024 17:14 PM EDT

WASHINGTON (AP) — U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency Tuesday, though the rule is sure to be challenged in court. The Federal Trade Commission voted Tuesday 3-2 to ban measures known as...

Trump called this visa 'very bad' for Americans. Truth Social applied for one

Apr. 23, 2024 00:05 AM EDT

MIAMI (AP) — The social media company founded by former President Donald Trump applied for a business visa program that he sought to restrict during his administration and which many of his allies want him to curtail in a potential second term. Trump Media & Technology Group,...

Insider Q&A: Trust and safety exec talks about AI and content moderation

Apr. 22, 2024 16:48 PM EDT

Alex Popken was a longtime trust and safety executive at Twitter focusing on content moderation before leaving in 2023. She was the first employee there dedicated to moderating Twitter's advertising business when she started in 2013. Now, she's vice president of trust and safety at...

Next UN climate talks are critical to plot aid for poorer nations, says incoming president

Apr. 19, 2024 13:44 PM EDT

WASHINGTON (AP) — The man who will run United Nations climate talks this November views the negotiations as a key link in international efforts to curb global warming. The conference in Baku, Azerbaijan, must build on last year's successful agreement to transition away from fossil...

A trial is underway for the Panama Papers, a case that changed the country's financial rules

Apr. 19, 2024 00:20 AM EDT

PANAMA CITY (AP) — Eight years after 11 million leaked secret financial documents revealed how some of the world’s richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged roles. The repercussions of the leaks were far-ranging,...

Google is combining its Android software and Pixel hardware divisions to more broadly integrate AI

Apr. 18, 2024 22:07 PM EDT

SAN FRANCISCO (AP) — Google will combine the software division responsible for Android mobile software and the Chrome browser with the hardware division known for Pixel smartphones and Fitbit wearables, the company said Thursday. It's part of a broader plan to integrate artificial intelligence...

Shares of Walmart-backed Ibotta soar on public debut

Apr. 18, 2024 17:36 PM EDT

NEW YORK (AP) — Shares of Ibotta, a Walmart-backed digital company that offers customers cash-back rewards and rebates on grocery brands ranging from Nestle to Coca-Cola, rose 17% in their Wall Street debut. The stock, which trades under the ticker “IBTA" on the New York Stock...

Cass: Q1 Earnings Snapshot

Apr. 18, 2024 09:01 AM EDT

ST. LOUIS (AP) — ST. LOUIS (AP) — Cass Information Systems Inc. (CASS) on Thursday reported first-quarter profit of $7.2 million. On a per-share basis, the St. Louis-based company said it had net income of 52 cents. The invoice and payment management company posted...

Boeing put under Senate scrutiny during back-to-back hearings on aircraft maker's safety culture

Apr. 17, 2024 17:27 PM EDT

An engineer at Boeing said Wednesday that the aircraft company, in rushing to produce as many planes as possible, is taking manufacturing shortcuts that could lead to jetliners breaking apart. “They are putting out defective airplanes,” the engineer, Sam Salehpour, told members...