Corporate news

FILE - In this July 29, 2013, file photo, Les Moonves arrives at the CBS, CW and Showtime TCA party at The Beverly Hilton in Beverly Hills, Calif. On Sunday, Sept. 9, 2018, CBS said longtime CEO Les Moonves has resigned, just hours after more sexual harassment allegations involving the network's longtime leader surfaced. (Photo by Jordan Strauss/Invision/AP, File)
September 10, 2018 - 8:40 pm
NEW YORK (AP) — CBS revealed Monday that it set aside $120 million in severance for ousted chief executive Leslie Moonves. But whether he sees a penny of it is one of the tough and potentially incendiary decisions the network faces after his resignation over sexual misconduct accusations. Despite...
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September 10, 2018 - 7:05 pm
WASHINGTON (AP) — House Republican leaders have unveiled their proposal to expand the massive tax law they hustled through Congress last year. They're aiming to make permanent the individual tax cuts and small-business income deductions now set to expire in 2026. With midterm elections barely two...
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Andreas W. Tilp, lawyer of the plaintiff, waits for the opening of a lawsuit against Volkswagen on compensation for the losses of shareholders caused by the Diesel scandal at the higher regional court in Braunschweig, northern Germany, Monday, Sept. 10, 2018. (Swen Pfoertner/dpa via AP)
September 10, 2018 - 11:06 am
FRANKFURT, Germany (AP) — Trial proceedings have begun in the lawsuit brought against Volkswagen by investors alleging the company did not give them timely notice of its scandal over cars rigged to cheat on diesel emissions tests. Investors are seeking almost 9 billion euros ($10.4 billion), saying...
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FILE - In this July 29, 2013, file photo, Les Moonves arrives at the CBS, CW and Showtime TCA party at The Beverly Hilton in Beverly Hills, Calif. On Sunday, Sept. 9, 2018, CBS said longtime CEO Les Moonves has resigned, just hours after more sexual harassment allegations involving the network's longtime leader surfaced. (Photo by Jordan Strauss/Invision/AP, File)
September 10, 2018 - 10:43 am
NEW YORK (AP) — The #MeToo movement fighting sexual misconduct had already claimed one of Hollywood's top movie moguls in Harvey Weinstein. Now it has done the same for Leslie Moonves, one of the television industry's most powerful executives. The CBS Corp. announced its chairman's exit late Sunday...
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In this June 25, 2018, photo, Jack Ma, chairman of Alibaba Group attends the ceremony to launch a blockchain-base remittance solution in Hong Kong. Jack Ma, who founded e-commerce giant Alibaba Group and helped to launch China's online retailing boom, announced Monday, Sept. 10, 2018 that he will step down as the company's chairman next September. In a letter released by Alibaba, Ma said he will be succeeded by CEO Daniel Zhang. Ma handed over the CEO's post to Zhang in 2013 as part of what he said was a succession process developed over a decade. (Chinatopix via AP)
September 10, 2018 - 2:49 am
BEIJING (AP) — Jack Ma, who founded e-commerce giant Alibaba Group and helped launch China's online retailing boom, announced Monday that he will step down as the company's chairman next September. In a letter released by Alibaba, Ma said he will be succeeded by CEO Daniel Zhang, an 11-year veteran...
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FILE - In this Sept. 19, 2017, file photo, Les Moonves, chairman and CEO of CBS Corporation, poses at the premiere of the new television series "Star Trek: Discovery" in Los Angeles. On Sunday, Sept. 9, 2018, CBS said longtime CEO Les Moonves has resigned, just hours after more sexual harassment allegations involving the network's longtime leader surfaced. (Photo by Chris Pizzello/Invision/AP, File)
September 09, 2018 - 11:20 pm
NEW YORK (AP) — The Latest on sexual misconduct allegations against CBS chief Leslie Moonves (all times local): 8:15 p.m. Shortly after resigning as CEO of CBS, Les Moonves again denied sexual misconduct allegations. Moonves' three-paragraph statement says "untrue allegations from decades ago" are...
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FILE - In this Monday, April 16, 2018 file photo adult film actress Stormy Daniels speaks outside federal court in New York. The company set up by Donald Trump's former personal attorney has agreed to rescind Daniels' hush-money agreement and drop its planned $20 million lawsuit against the porn actress for violating the agreement. An attorney for the company, Essential Consultants, said in a Friday night, Sept. 7, 2018, court filing that the company wants Daniels to repay the $130,000 she was paid as part of the agreement. (AP Photo/Mary Altaffer, File)
September 09, 2018 - 4:37 am
WASHINGTON (AP) — President Donald Trump does not believe porn actress Stormy Daniels' hush-money deal, which his former personal lawyer said was done to influence the 2016 presidential election, is valid and will not carry out threats to sue her for breaking the agreement by discussing details of...
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September 08, 2018 - 6:36 pm
A new report by congressional investigators details how hackers broke into Equifax last year in a breach that exposed the financial information of more than 145 million Americans. The lawmakers who requested the report say they will press the Trump administration on the lack of enforcement actions...
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September 08, 2018 - 9:02 am
JOHANNESBURG (AP) — The former president of Angola on Saturday said he made mistakes during his long rule but was holding his "head high" as he stepped down as leader of the ruling MPLA party. The political exit of Jose Eduardo dos Santos comes as President Joao Lourenco, a former defense minister...
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FILE- In this June 24, 2018, file photo Tesla CEO and founder of the Boring Company Elon Musk speaks at a news conference in Chicago. Shares of electric car maker Tesla Inc. tumbled over 9 percent as the markets opened Friday, Sept. 7, after the CEO smoked marijuana during a YouTube video podcast and the company’s accounting chief left after a month on the job. (AP Photo/Kiichiro Sato, File)
September 08, 2018 - 12:58 am
Another executive departure, another controversy over the CEO's behavior, another stock drop. Another typical day at Tesla. Although the details change, the pattern stays the same. This time, the executive departure is David Morton, chief accounting officer at Tesla Inc., who called it quits after...
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