Corporate management

Amin Nasser, the chairman and CEO of the state-run oil giant Saudi Aramco, speaks to journalists at the World Energy Congress in Abu Dhabi, United Arab Emirates, Tuesday, Sept. 10, 2019. Nasser told journalists Tuesday a planned initial public offering of a sliver of the oil company's worth would happen "very soon." (AP Photo/Jon Gambrell)
September 10, 2019 - 12:32 am
ABU DHABI, United Arab Emirates (AP) — Saudi Aramco's chief executive, Amin Nasser, says the company is ready and that a local listing on the kingdom's stock exchange is to happen "very soon." Nasser declined to say how much of the state-owned oil giant would be listed on the Tadawul exchange...
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FILE - In this May 15, 2019, file photo, founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris. Ma is stepping down as chairman at a time when its industry faces rapid change and uncertainty amid a U.S.-Chinese trade war. Ma gave up his post on his 55th birthday as part of a succession announced a year earlier. (AP Photo/Thibault Camus, File)
September 09, 2019 - 11:10 pm
BEIJING (AP) — Alibaba Group founder Jack Ma, who helped launch China's online retailing boom, stepped down as chairman of the world's biggest e-commerce company Tuesday at a time when its fast-changing industry faces uncertainty amid a U.S.-Chinese tariff war. Ma, one of China's wealthiest and...
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FILE - In this July 25, 2019, file photo, Nissan CEO Hiroto Saikawa listens to questions from the media during a news conference at the global headquarters in Yokohama, west of Tokyo. Calls for resignation, which arose after the arrest last year of his predecessor Carlos Ghosn on various financial misconduct allegations, have grown louder after Saikawa acknowledged that he had received dubious payments. The automaker's board is meeting Monday, Sept. 9, 2019 to look into the allegations against Saikawa. (AP Photo/Jae C. Hong, File)
September 08, 2019 - 11:19 pm
TOKYO (AP) — Nissan Chief Executive Hiroto Saikawa acknowledged Monday that he is working to pass over the helm at the Japanese automaker to the next generation, indicating he was ready to step down. Calls for resignation, which arose after the arrest last year of his predecessor Carlos Ghosn on...
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September 04, 2019 - 3:58 pm
ANNAPOLIS, Md. (AP) — The president of a real estate company once run by President Donald Trump's son-in-law says it has rejected a settlement from Maryland's attorney general in a long-running investigation into the treatment of tenants. Laurent Morali, president of the Kushner Cos., said in a...
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September 04, 2019 - 4:08 am
HONG KONG (AP) — The chairman of Cathay Pacific Airways on Wednesday became the second top figure to resign from the Hong Kong carrier following pressure by Beijing over participation by some of its employees in anti-government protests. The airline, one of the Chinese territory's most prominent...
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September 02, 2019 - 11:49 am
RIYADH, Saudi Arabia (AP) — Saudi Arabia's energy minister says the head of the kingdom's sovereign wealth fund is replacing him as chairman of the board of Saudi Aramco as the state-run oil giant plans an initial public offering. The move puts some distance between Khalid al-Falih's energy...
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August 26, 2019 - 10:52 am
CHICAGO (AP) — Kraft Heinz Co. is bringing back its former chief financial officer amid accounting problems and falling sales. Paulo Basilio, 44, joined H.J. Heinz as CFO in 2013 and remained in the job after the company's 2015 merger with Kraft. He most recently served as Kraft Heinz's chief...
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U.S President Donald Trump, French President Emmanuel Macron and German Chancellor Angela Merkel attend a working session during the G7 summit at Casino in Biarritz, southwestern France, Monday Aug.26 2019. G-7 leaders are wrapping up a summit dominated by tensions over U.S. trade policies and a surprise visit by Iran's top diplomat. (Ian Langsdon, Pool via AP)
August 26, 2019 - 3:51 am
NEW YORK (AP) — Although President Donald Trump has told U.S. companies to stop dealing with China, small business owners say complying would hurt, even devastate them. If Vanessa Topper can't work with a manufacturer in China, "I'm going to have to fold a quarter of my business," she says. About...
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People line up in front of the Anaheim Convention Center during the 2019 D23 Expo on Saturday, Aug. 24, 2019, in Anaheim, Calif. (Photo by Richard Shotwell/Invision/AP)
August 24, 2019 - 12:03 pm
ANAHEIM, Calif. (AP) — The Latest on Walt Disney Co.'s biannual D23 fan convention in Anaheim (all times local): 12:05 p.m. Tom Holland has made an appearance at a Disney fan convention amid the news that Spider-Man will no longer be part of the Marvel Cinematic Universe. Earlier this week, it was...
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FILE - In this Aug. 19, 2019, file photo traders Gregory Rowe, left, and Michael Milano work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 23. (AP Photo/Richard Drew, File)
August 23, 2019 - 11:30 am
Stocks tumbled on Wall Street after President Donald Trump said he "hereby ordered" U.S. companies to consider alternatives to doing business in China. He also said he would respond to Beijing's latest tariff increase later Friday. The Dow Jones Industrial Average sank nearly 500 points after the...
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