Corporate management

November 14, 2019 - 6:49 pm
MEMPHIS, Tenn. (AP) — Most of the local companies that receive power generated by the Tennessee Valley Authority have signed long-term partnership agreements, but some larger customers still have not agreed to the 20-year deals, officials said Thursday. TVA President and CEO Jeff Lyash said during...
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Top U.S. diplomat in Ukraine William Taylor, right, and career Foreign Service officer George Kent, left are sworn in to testify before the House Intelligence Committee on Capitol Hill in Washington, Wednesday, Nov. 13, 2019, during the first public impeachment hearing of President Donald Trump's efforts to tie U.S. aid for Ukraine to investigations of his political opponents. (AP Photo/Alex Brandon)
November 13, 2019 - 2:23 pm
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...
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FILE- In this Sept. 28, 2015, file photo Art Peck, CEO of Gap, speaks at the Clinton Global Initiative in New York. Peck is stepping down as the company continues to grapple with slumping sales. Peck, who has been CEO since 2015, will be temporarily replaced by Gap's non-executive chairman of the board Robert Fisher. (AP Photo/Mark Lennihan, File)
Associated Press
November 07, 2019 - 8:42 pm
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...
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November 06, 2019 - 11:06 am
DETROIT (AP) — A retired vice president of the United Auto Workers union on Wednesday became the 13th person to be charged in a federal investigation of alleged corruption at the union and auto companies. Joe Ashton is accused of receiving thousands of dollars in kickbacks from a contractor who...
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FILE - In this May 10, 2019, file photo the statue of Fearless Girl stands in front of the New York Stock Exchange before Uber holds its initial public offering. Uber reports financial results Monday, Nov. 4. (AP Photo/Mark Lennihan, File)
November 04, 2019 - 5:27 pm
NEW YORK (AP) — The losses at Uber are mounting, but the ride-hailing heavyweight now predicts it will be profitable in about two years. CEO Dara Khosrowshahi told reporters Monday that the company's goal is to reach profitability — when adjusted for interest, taxes, depreciation and amortization...
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FILE - In this Wednesday, July 26, 2017, file photo, McDonald's CEO Steve Easterbrook is interviewed at the New York Stock Exchange. McDonald's said Sunday, Nov. 3, 2019, that Easterbrook has stepped down after violating company policy by engaging in a consensual relationship with an employee. (AP Photo/Richard Drew, File)
November 04, 2019 - 1:03 pm
CHICAGO (AP) — McDonald's has lost another top executive. The Chicago-based burger giant confirmed Monday that Chief People Officer David Fairhurst has left the company, effective immediately. McDonald's wouldn't say whether Fairhurst's departure was connected to the firing of CEO Steve Easterbrook...
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FILE- In this Dec. 10, 2017, file photo Jacksonville Jaguars running back T.J. Yeldon warms up wearing Under Armour cleats before an NFL football game against the Seattle Seahawks in Jacksonville, Fla. A strong quarter from Under Armour is being overshadowed by a federal investigation into the company’s accounting practices. The athletic gear maker reported better than expected profit and revenue for the third quarter Monday, Nov. 4, 2019, but shares are down 13% before the opening bell. (AP Photo/Stephen B. Morton, File)
November 04, 2019 - 1:01 pm
BALTIMORE (AP) — A strong quarter from Under Armour was overshadowed by federal investigations into the company's accounting practices. The company also lowered its revenue expectations for the year Monday. The probe, first reported by The Wall Street Journal, is seeking information that would...
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FILE - In this Wednesday, July 26, 2017, file photo, McDonald's CEO Steve Easterbrook is interviewed at the New York Stock Exchange. McDonald's said Sunday, Nov. 3, 2019, that Easterbrook has stepped down after violating company policy by engaging in a consensual relationship with an employee. (AP Photo/Richard Drew, File)
WCBS 880 Newsroom
November 04, 2019 - 2:18 am
NEW YORK (AP) — McDonald's chief executive officer has been pushed out of the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday. The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment...
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November 02, 2019 - 5:49 pm
Airbnb Inc. says it's banning "party houses" in the wake of a deadly shooting at an Airbnb rental in California. In a series of tweets Saturday, Airbnb co-founder and CEO Brian Chesky said that the San Francisco-based company is stepping up efforts to "combat unauthorized parties and get rid of...
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FILE - In this Jan. 16, 2018 file photo, Adam Neumann, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq, in New York. A former top aide to ousted WeWork co-founder Adam Neumann is accusing him and other company executives of discriminating against her when she became pregnant. The former employee, Medina Bardhi, filed a federal complaint Thursday, Oct. 31, 2019 saying she was twice demoted after becoming pregnant and ultimately fired after complaining internally. (AP Photo/Mark Lennihan, File)
October 31, 2019 - 6:55 pm
NEW YORK (AP) — A former top aide to WeWork co-founder Adam Neumann is accusing him and other executives of discriminating against her for becoming pregnant. Medina Bardhi says in a federal complaint filed Thursday that she was demoted, derided for going on leave, and ultimately fired for raising...
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