Corporate news - the best personalized free web-based Email en en Corporate news Ralph Lauren names Procter & Gamble executive as CEO NEW YORK (AP) — Ralph Lauren Corp. has tapped Procter & Gamble beauty executive Patrice Louvet as its next CEO as the preppy fashion brand seeks to turn its business around. The company known for its polo shirts and pony logo said Wednesday that Louvet will start in July. He will replace Stefan Larsson, who announced in February that he... Wed, 17 May 2017 23:51:00 GMT 2017-05-17T23:51:00Z Cisco Systems announces 1,100 more layoffs SAN JOSE, Calif. (AP) — Cisco Systems Inc. said Wednesday that it is laying off 1,100 more workers, deepening job losses at the internet gear maker battling declining revenue. The new round of layoffs comes on top of the 5,500 jobs Cisco announced it was cutting in August. That amounted to about 7 percent of its workforce at the time. C... Wed, 17 May 2017 23:40:00 GMT 2017-05-17T23:40:00Z CBS pairs 'Big Bang' & spin-off; O'Brien re-ups with TBS NEW YORK (AP) — "Young Sheldon" and his grown-up version on "The Big Bang Theory" will be paired on CBS' Thursday night schedule this fall. The "Big Bang" spinoff, centered on star Jim Parsons' character as a precocious 9-year-old Texas high school student, is one of eight new series coming to CBS in the 2017-18 season, the network announced Wednesday. ... Wed, 17 May 2017 22:58:00 GMT 2017-05-17T22:58:00Z Google unveils latest tech tricks as computers get smarter MOUNTAIN VIEW, Calif. (AP) — Google's computer programs are gaining a better understanding of the world, and now it wants them to handle more of the decision-making for the billions of people who use its services. CEO Sundar Pichai and other top executives brought Google's audacious ambition into sharper focus Wednesday at an annual conference attended by... Wed, 17 May 2017 22:20:00 GMT 2017-05-17T22:20:00Z Target locked in game of shipping tag with Wal-Mart, Amazon NEW YORK (AP) — Target, Wal-Mart and Amazon are engaged in a game of shipping tag, each trying to adjust their free threshold and other shipping strategies to a level that can lure shoppers away from one of the other. Minneapolis-based Target has the furthest to go as it tries to put itself in better competition with Amazon, the undisputed online leader, ... Wed, 17 May 2017 21:44:00 GMT 2017-05-17T21:44:00Z House chairman pushes privatizing air traffic control in US WASHINGTON (AP) — A House Republican committee chairman called on lawmakers Wednesday to turn the nation's air traffic control operations over to a new, non-profit corporation, saying no other infrastructure change has as much potential to improve travel for the average American flyer. President Donald Trump has also called for privatizing air traffic con... Wed, 17 May 2017 21:23:00 GMT 2017-05-17T21:23:00Z At a Glance: Some of Google's new features seem ... familiar NEW YORK (AP) — Google announced a lot of new bells and whistles Wednesday — several of which, it turns out, are already offered by rivals such as Amazon, Apple and Facebook. These days, it's not unusual to find tech giants and their plucky startup rivals copying each other's tools and features — sometimes improving on them and sometimes just playing catch-up. ... Wed, 17 May 2017 20:38:00 GMT 2017-05-17T20:38:00Z Ford to cut jobs as sales level off, stock price lags DETROIT (AP) — Ford is getting leaner as it faces an onslaught of challenges, from slowing U.S. sales to high-tech challengers to its own disgruntled shareholders. The 114-year-old automaker said Wednesday it is cutting 1,400 non-factory jobs in North America and Asia Pacific. The company will offer voluntary early retirement and separation packages to around 10 percent of i... Wed, 17 May 2017 19:45:00 GMT 2017-05-17T19:45:00Z Syrian refugees in Jordan's desert get solar power AMMAN, Jordan (AP) — Syrian refugees in Jordan's remote desert were connected to solar power on Wednesday, making their community the world's first refugee camp to be powered by renewable energy. The $4.5 million (4 million euros) plant was funded by a foundation established by Ikea, the global home furnishings retailer. In the first phase, it will serve 20,000 of 35,000 peo... Wed, 17 May 2017 19:09:00 GMT 2017-05-17T19:09:00Z Qualcomm: Apple is pressuring contractors in patent dispute NEW YORK (AP) — An escalating battle between Apple and Qualcomm over money and patent rights is drawing in Taiwanese contractors that assemble Apple's iPhones. Apple claims that Qualcomm is overcharging for patent-related license fees on iPhone sales, a point Qualcomm disputes. Last month, Apple Inc. began refusing to pay royalties until the courts determine how much it owes... Wed, 17 May 2017 16:52:00 GMT 2017-05-17T16:52:00Z South Korea names 'chaebol sniper' as antitrust chief SEOUL, South Korea (AP) — South Korea's new president named a long-time shareholder rights advocate to lead the country's antitrust regulator, as the new administration took a step Wednesday toward reining in big businesses. Kim Sang-jo, an economist who has advocated for shareholder rights and reforming chaebol, the family-controlled big businesses that ... Wed, 17 May 2017 09:40:00 GMT 2017-05-17T09:40:00Z US industrial production posts biggest gain since 2014 WASHINGTON (AP) — American industry expanded production last month at the fastest pace in more than three years as manufacturers and mines recovered from a March downturn. The Federal Reserve said Tuesday that industrial production at U.S. factories, mines and utilities shot up 1 percent in April from March, biggest gain since February 2014 and the third straight monthly gai... Tue, 16 May 2017 13:28:00 GMT 2017-05-16T13:28:00Z Fertile ground for Home Depot as gardening season begins ATLANTA (AP) — Home Depot has found fertile ground this first quarter as the gardening season begins and Americans, while pulling back on spending elsewhere, appear more than ready to plow money into projects at home. The home improvement retailer topped expectations for profit and revenue and it raised its profit outlook for the year, sending shares towa... Tue, 16 May 2017 12:45:00 GMT 2017-05-16T12:45:00Z Report: Ford plans job cuts to boost profits DETROIT (AP) — The Wall Street Journal reports that Ford Motor Co. is planning substantial job cuts in order to boost profits and raise its stock price. The newspaper says the cuts would target salaried employees and would reduce Ford's global headcount by an equivalent of 10 percent. Ford didn't confirm the report Monday night. In a st... Tue, 16 May 2017 03:22:00 GMT 2017-05-16T03:22:00Z Judge tells Uber to return Waymo files taken by engineer DETROIT (AP) — A federal judge's order that bars Uber from using technology taken by a star engineer before he left Waymo is bad news for Uber and likely will hurt the ride-hailing company's own self-driving research, according to legal experts. The ruling by District Judge William Alsup in San Francisco Monday was mainly a victory for Waymo, the autonomo... Tue, 16 May 2017 00:21:00 GMT 2017-05-16T00:21:00Z Cheese worker suspected of stealing for syrup side business MONTPELIER, Vt. (AP) — A former Cabot cheese employee suspected of stealing machine parts from the company and using them in his side business selling maple syrup production equipment is being investigated by federal authorities. Randall Swartz is accused of buying parts for Cabot Creamery with company funds and then using them to build machines he sold i... Mon, 15 May 2017 21:42:00 GMT 2017-05-15T21:42:00Z Rubber match: Cavaliers to wear Goodyear logo on jerseys CLEVELAND (AP) — The Cavaliers are teaming up with another Akron icon. Linked by geography and superstar LeBron James, the defending NBA champions on Monday announced a three-year sponsorship deal with Goodyear. The Cavaliers will wear the tire giant's winged-foot logo on the fronts of their jerseys starting next season. "This is a natu... Mon, 15 May 2017 21:08:00 GMT 2017-05-15T21:08:00Z Justices rule against consumer in debt collection case WASHINGTON (AP) — A divided Supreme Court ruled Monday that debt collection companies can't be sued for trying to recover years-old credit card debt from people who seek bankruptcy protection. The 5-3 ruling is a blow to consumer groups that complain debt collectors are unfairly misleading people into repaying old debts even when they are not required to under the law. ... Mon, 15 May 2017 15:27:00 GMT 2017-05-15T15:27:00Z Suit: Woman attacked by camel at Jefferson Davis' last home BILOXI, Miss. (AP) — A Florida woman claims a camel at the last home of Confederate president Jefferson Davis attacked her at the Mississippi tourist attraction in 2015. She's suing the United Sons of Confederate Veterans Inc., identified as the operator of Beauvoir plantation in Biloxi. The Sun Herald ( ) reports S... Mon, 15 May 2017 15:21:00 GMT 2017-05-15T15:21:00Z New York manufacturing shrank in May as new orders fall WASHINGTON (AP) — Manufacturing in New York state shrank for the first time in seven months in May, as new orders fell and shipments grew more slowly. The Federal Reserve Bank of New York said Monday that its Empire State manufacturing index dropped last month to minus 1, from 5.2 in April. Any reading below zero signals contraction. Th... Mon, 15 May 2017 15:07:00 GMT 2017-05-15T15:07:00Z The Latest: Ex-baseball star guilty of 14 counts of trading SANTA ANA, Calif. (AP) — The Latest on the insider trading conviction of ex-baseball star Doug DeCinces (all times local): 5 p.m. Former baseball star Doug DeCinces has been convicted of federal insider trading in California. The U.S. attorney's office says the ex-Angels and Orioles third baseman was found guilty Frid... Sat, 13 May 2017 01:20:00 GMT 2017-05-13T01:20:00Z EPA allows mine company to pursue permits near Alaska bay JUNEAU, Alaska (AP) — In a sharp reversal, the U.S. Environmental Protection Agency has cleared a way for a company to seek permits to develop a massive copper and gold deposit near the headwaters of a world-class salmon fishery in southwest Alaska. As part of a court settlement with the Pebble Limited Partnership, the EPA agreed to begin the process of w... Sat, 13 May 2017 00:14:00 GMT 2017-05-13T00:14:00Z NASCAR steps in when driver shows at Kansas with pot sponsor KANSAS CITY, Kan. (AP) — Carl Long was forced to strip the logo of a Colorado-based marijuana vaping company from his car Friday after NASCAR said it violated rules governing sponsorship and paint schemes. The logo for Colorado-based Veedverks was plastered on Long's green and yellow No. 66 for tech inspection, but a NASCAR spokesman said it was never vet... Fri, 12 May 2017 22:30:00 GMT 2017-05-12T22:30:00Z Criminal allegations, legal and image woes mount for Uber SAN FRANCISCO (AP) — A rare order from a federal judge alerting prosecutors to possible criminal misconduct by Uber or a key executive deepens the turmoil swirling around the ride-hailing company at a time when it's grappling with other legal and image problems. District Judge William Alsup in San Francisco referred a civil case filed against Uber by Waym... Fri, 12 May 2017 22:00:00 GMT 2017-05-12T22:00:00Z Trump lawyers push back against Russia ties in letter WASHINGTON (AP) — Lawyers for President Donald Trump said Friday that a review of his last 10 years of tax returns did not reflect "any income of any type from Russian sources," but their letter included exceptions related to previously cited income generated from a beauty pageant and sale of a Florida estate. The letter represented the l... Fri, 12 May 2017 19:26:00 GMT 2017-05-12T19:26:00Z NYC Icon Katz’s Deli Eyes Global Delivery Katz’s Delicatessen has been sending a salami to your boy in the Army since 1942. Now the New York City restaurant is preparing to expand its shipping... Fri, 12 May 2017 18:15:00 GMT 2017-05-12T18:15:00Z Losses at JC Penney double, sales slide, as do shares PLANO, Texas (AP) — Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers. Though the loss at first did not appear as bad as many industry analysts had expected, many soured on even that after a closer look. "Don't be fooled by the bottom line beat; it was ent... Fri, 12 May 2017 13:57:00 GMT 2017-05-12T13:57:00Z US retail sales rebounded in April after sluggish winter WASHINGTON (AP) — Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded from two sluggish months. The Commerce Department said Friday that retail sales increased 0.4 percent in April from March. Sales ticked up just 0.1 percent in March and fell in February. The increase su... Fri, 12 May 2017 13:14:00 GMT 2017-05-12T13:14:00Z South Korea recalls Hyundai cars, asks probe on cover-up SEOUL, South Korea (AP) — South Korea ordered Hyundai and Kia on Friday to recall 240,000 vehicles to repair five defects initially raised by a whistleblower, in the country's first compulsory recall for a domestic carmaker. The Transport Ministry said it also asked prosecutors to investigate if South Korea's largest auto group had intentionally covered u... Fri, 12 May 2017 12:28:00 GMT 2017-05-12T12:28:00Z FBI raids GOP consultant over 2013 Virginia governor's race ANNAPOLIS, Md. (AP) — FBI agents raided the office of a Republican consulting firm in Maryland in connection with an investigation into the 2013 Virginia governor's race. The FBI confirmed it served a search warrant Thursday in Annapolis, Maryland, but declined to elaborate. Kelley Rogers, president of Strategic Campaign Group, told reporters the investigation relates to wor... Fri, 12 May 2017 08:02:00 GMT 2017-05-12T08:02:00Z