Corporate management

FILE - In this March 26, 2018 file photo, Luiz Inacio Lula da Silva, Brazil's former president and the Workers' Party presidential candidate, attends a campaign rally in Francisco Beltrao, Brazil. The Workers' Party bowed to court orders Tuesday, Sept. 11, 2018, to replace former da Silva as its candidate for the Oct. 7 presidential vote. (AP Photo/Eraldo Peres, File)
September 11, 2018 - 4:30 pm
RIO DE JANEIRO (AP) — Brazil's Workers' Party on Tuesday replaced jailed former President Luiz Inacio Lula da Silva as its candidate for October's general election, clarifying one of the biggest question marks hanging over the vote to lead Latin America's largest nation. The party confirmed the...
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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 - 4:10 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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FILE- In this Aug. 27, 2018, file photo trader George Ettinger, foreground, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Sept. 10. (AP Photo/Richard Drew, File)
September 10, 2018 - 1:42 pm
NEW YORK (AP) — U.S. stocks are rising Monday and the S&P 500 is on track to break a four-day losing streak as industrial and retail stocks climb. Technology companies are also recovering after their drop last week. Apple fell after saying a new round of bigger U.S. tariffs could push it to...
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September 10, 2018 - 12:35 pm
JACKSON, Miss. (AP) — An official with President Donald Trump's campaign says they are canceling a trip to Mississippi because Hurricane Florence is approaching the southeastern coast of the U.S. Michael Glassner, Chief Operating Officer of Donald J. Trump for President, Inc., announced the news...
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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 - 9:53 am
NEW YORK (AP) — The Latest on the ouster of one of the TV industry's most powerful executives, Les Moonves, with allegations of sexual misconduct continuing to surface (all times local): 10:50 a.m. Shares of CBS are down more than 3 percent in the first day of trading after the ouster of Les...
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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 - 9:43 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 09, 2018 - 11:39 pm
BEIJING (AP) — Jack Ma, who founded e-commerce giant Alibaba Group and helped launch China's e-commerce boom, announced Monday 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 of the...
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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 - 10:20 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 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 07, 2018 - 11:58 pm
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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FILE - In this Oct. 10, 2010, file photo, Richard DeVos, Orlando Magic owner and Amway Inc. co-founder, smiles after welcoming fans to the new Amway Center before a preseason NBA basketball game against the New Orleans Hornets in Orlando, Fla. DeVos, the billionaire father-in-law of Education Secretary Betsy DeVos, died Thursday, Sept. 6, 2018. He was 92. (AP Photo/Phelan M. Ebenhack, File)
September 06, 2018 - 1:50 pm
DETROIT (AP) — Billionaire Richard DeVos, co-founder of direct-selling giant Amway, owner of the Orlando Magic and father-in-law of Education Secretary Betsy DeVos, died Thursday. He was 92. Family spokesman Nick Wasmiller says DeVos died at his western Michigan home due to complications from an...
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