Corporate management

FILE - In this March 10, 2020 file photo, Wells Fargo CEO and President Charles Scharf is seated before he testifies during a hearing of the House Financial Services Committee, on Capitol Hill, in Washington. Scharf apologized Wednesday, Sept. 23 for comments he made that dismissed concerns that the banking industry, which has a long history of racist behavior, wasn’t doing enough to promote and retain diverse talent. (AP Photo/Alex Brandon, File)
September 23, 2020 - 2:58 pm
NEW YORK (AP) — Wells Fargo CEO Charles Scharf apologized Wednesday for comments he made about the difficulty of finding qualified Black executives. Scharf said that “there is a very limited pool of Black talent to recruit from” in corporate America. The memo to employees was written in June, but...
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FILE - In this March 9, 2020, file photo, Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington. Tesla is expected to announce a breakthrough in electric vehicle battery chemistry on Tuesday Sept. 22 that could bring down the cost of the vehicles and increase their range and durability. At an event called “battery day,” Musk likely will show off the new technology, which could increase the traveling range per charge and durability of its batteries.(AP Photo/Susan Walsh, File)
September 22, 2020 - 8:51 pm
SAN RAMON, Calif. (AP) — Tesla is working on new battery technology that CEO Elon Musk says will enable the company within the next three years to make sleeker, more affordable cars that can travel dramatically longer distances on a single charge. But the battery breakthroughs that Musk unveiled...
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FILE - This Jan. 27, 2020, file photo shows a General Motors logo at the General Motors Detroit-Hamtramck Assembly plant in Hamtramck, Mich. Shares in electric- and hydrogen-powered truck startup Nikola plunged on Monday Sept. 21, 2020, after the company's founder Trevor Milton resigned amid allegations of fraud - just two weeks after signing a $2 billion partnership with General Motors. (AP Photo/Paul Sancya, File)
September 21, 2020 - 5:07 pm
FRANKFURT, Germany (AP) — Shares in electric and hydrogen-powered truck startup Nikola plunged on Monday after the company's founder resigned amid allegations of fraud — just two weeks after signing a $2 billion partnership with General Motors. The company said late Sunday that Trevor Milton...
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FILE - Icons for the smartphone apps TikTok and WeChat are seen on a smartphone screen in Beijing, in a Friday, Aug. 7, 2020 file photo. The Commerce Department said President Trump’s proposed ban of the apps WeChat and TikTok will go into effect Sunday, Sept. 20, to “safeguard the national security of the United States.” The government said its order, previously announced by Trump in August, will “combat China’s malicious collection of American citizens’ personal data.” (AP Photo/Mark Schiefelbein, File)
September 18, 2020 - 6:24 pm
The U.S. Commerce Department said Friday it will ban Chinese-owned TikTok and WeChat from U.S. app stores on Sunday and will bar the apps from accessing essential internet services in the U.S. — a move that could effectively wreck the operation of both Chinese services for U.S. users. TikTok won't...
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September 17, 2020 - 3:54 pm
NEW YORK (AP) — Macmillan's longtime CEO, John Sargent, will be leaving at the end of the year, forced out by what parent company Holtzbrinck Publishing Group is calling “a disagreement regarding the direction of Macmillan.” Macmillan spokesperson Erin Coffey told The Associated Press on Thursday...
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FILE - This Feb. 25, 2020, file photo, shows the icon for TikTok in New York. TikTok's owner has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal, Sunday, Sept. 13, 2020. (AP Photo/File)
September 13, 2020 - 9:47 pm
The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal who was not authorized to speak publicly about it. Microsoft announced Sunday that its bid for TikTok was rejected, removing the tech giant...
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FILE - In this May 2, 2019, file photo, the DraftKings logo is displayed at the sports betting company headquarters in Boston. DraftKings shares jumped 4% in morning trading, Wednesday, Sept. 2, 2020 after announcing that basketball legend Michael Jordan would take an ownership stake in the company in exchange for becoming a special adviser to the sports betting site. (AP Photo/Charles Krupa, File)
September 02, 2020 - 5:26 pm
SILVER SPRING, Md. (AP) — DraftKings had a big bounce on Wall Street Wednesday on news that basketball legend Michael Jordan is taking an ownership stake in the sports betting site. Jordan is getting stock in DraftKings in exchange for providing “guidance and strategic advice” to the Boston-based...
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FILE - Miami Dolphins owner Stephen Ross watches his team warm up before an NFL football game against the Buffalo Bills, Sunday, Nov. 17, 2019, in Miami Gardens, Fla. The U.S. Justice Department has entered into a sports dispute involving the company of a longtime friend of President Donald Trump, warning FIFA that a prohibition against staging league matches internationally could violate American antitrust laws. Relevent Sports, controlled by Miami Dolphins owner Stephen Ross, sued the U.S. Soccer Federation in September 2019 for failing to sanction a proposed Spanish league match between Barcelona and Girona in Miami Gardens, Florida.(AP Photo/Wilfredo Lee, File)
September 01, 2020 - 3:26 pm
WASHINGTON (AP) — The U.S. Justice Department has entered into a sports dispute involving the company of a longtime friend of President Donald Trump, warning FIFA that a prohibition against staging league matches internationally could violate American antitrust laws. Relevent Sports, controlled by...
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FILE - In this Nov. 16, 2016 file photo, Liberty University President Jerry Falwell Jr., pauses during an interview in his office at the school in Lynchburg, Va. On Tuesday, Aug. 25, 2020, Falwell said that he has submitted his resignation as head of evangelical Liberty University. (AP Photo/Steve Helber, File)
August 31, 2020 - 6:29 pm
RICHMOND, Va. (AP) — Liberty University is opening an independent investigation into Jerry Falwell Jr.'s tenure as president, a wide-ranging inquiry that will include financial, real estate and legal matters, the evangelical school's board announced Monday. In a statement, the board said it had...
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FILE - In this Aug. 24, 2020, file photo Postmaster General Louis DeJoy testifies during a House Oversight and Reform Committee hearing on the Postal Service on Capitol Hill in Washington. As they searched for a new postmaster general, the U.S. Postal Service Board of Governors was presented with 53 candidates vetted by an outside firm. Not on the list: Louis DeJoy, the man ultimately hired for job. (Tom Williams/Pool via AP, File)
August 30, 2020 - 8:35 am
WASHINGTON (AP) — During its search for a new postmaster general, the U.S. Postal Service Board of Governors was presented with 53 candidates screened by an outside company. Not on the list: Louis DeJoy, who ultimately got the job. Instead, in what Democrats call a breach of protocol and blatant...
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