Latest Corporate management News
Biden is taking on cheap products from China. It could mean higher prices
WASHINGTON (AP) — The Biden administration is cracking down on cheap products sold out of China, expanding a push to reduce U.S. dependence on Beijing and bolster homegrown industry, but that could trigger higher prices for U.S. consumers who flock to popular shopping sites like Temu and Shein. ...
Top AI business leaders meet with Biden administration to discuss the emerging industry's needs
WASHINGTON (AP) — Top Biden administration officials on Thursday discussed the future of artificial intelligence at a meeting with a group of executives from OpenAI, Nvidia, Microsoft and other companies. The focus was on building data centers in the United States and the infrastructure needed to...
Utility ordered to pay $100 million for its role in Ohio bribery scheme
An energy company at the center of a $60 million bribery scheme in Ohio has been ordered by the U.S. Securities and Exchange Commission to pay a $100 million civil penalty for misleading investors about its role in the scandal. Akron-based FirstEnergy Corp. violated antifraud...
Trump closing in on being able to sell his shares of Truth Social's parent company. But will he?
Shares of Trump Media & Technology fell more than 10% Wednesday following last night’s debate between Donald Trump and Vice President Kamala Harris. The former president can start selling shares of Truth Social's parent company next week starting on Sept. 19 when a lockup...
European business confidence in China is at an all-time low, report says
HONG KONG (AP) — China must reprioritize economic growth and reforms and boost investor confidence by leveling the playing field for all companies in the country, a European business group said Wednesday. With “business confidence now at an all-time low” over lagging domestic...
Waffle House CEO Walt Ehmer has died at age 58
ATLANTA (AP) — Walt Ehmer, the president and CEO of Waffle House and a member of the board of trustees for the Atlanta Police Foundation, has died at age 58, the foundation announced Sunday. Ehmer joined Waffle House in 1992 and quickly rose to senior leadership, becoming president...
Residents are ready to appeal after a Georgia railroad company got approval to forcibly buy land
ATLANTA (AP) — Residents in one of Georgia's poorest counties say they will appeal a ruling that allows a railroad to forcibly purchase portions of their land. The Georgia Public Service Commission ruled Wednesday that Sandersville Railroad Co. can use eminent domain to acquire...
Trump suggests tariffs can help solve rising child care costs in a major economic speech
NEW YORK (AP) — Former President Donald Trump suggested to business leaders Thursday that his plans to increase tariffs on foreign imports would solve seemingly unrelated challenges such as the rising cost of child care in the U.S. The GOP presidential nominee promised to lead what...
Buffalo's mayor is offered a job as president and CEO of regional Off-Track Betting Corporation
BATAVIA, N.Y. (AP) — Buffalo's longest-serving mayor, Byron Brown, was offered a position Thursday to lead Western Regional Off-Track Betting Corp. The public benefit corporation's board of directors voted unanimously to offer Brown the job as president and chief executive...
Iowa lieutenant governor resigns to take over state lobby group representing bankers
DES MOINES, Iowa (AP) — Iowa Lt. Gov. Adam Gregg resigned his position Tuesday after serving more than seven years in office to take the helm of the state's bankers association. Gregg said in a statement that “my time in public service must come to a close.” Also Tuesday, the...
