Corporate management

FILE - In this May 30, 2019, file photo, the new HealthHUB is shown inside a CVS store in Spring, Texas. CVS Health reports financial results on Wednesday, Feb. 12, 2020. (AP Photo/David J. Phillip, File)
February 12, 2020 - 10:06 am
CVS Health swung to a fourth-quarter profit and is starting the new year with a management shakeup for its largest business. The company will replace Derica Rice with Dr. Alan Lotvin as the leader of its pharmacy benefit management segment. CVS Health also named former Concerto Healthcare executive...
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FILE -In this Nov. 21, 2011 file photo, shoppers pause outside of the Fifth Avenue FAO Schwarz in New York. Under Armour said Tuesday, Feb. 11, 2020, that it may scuttle the opening of its flagship store inside the space formerly occupied by the iconic FAO Schwarz toy store in New York City. (AP Photo/Bebeto Matthews, File)
February 11, 2020 - 4:52 pm
NEW YORK (AP) — Under Armour's shares plummeted Tuesday after the company said it anticipates a big financial hit from the viral outbreak in China. It also said it may need to book hundreds of millions of dollars in charges as it restructures its business. The athletic gear maker expects the...
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FILE - In this Wednesday, Nov. 20, 2019, file photo, U.S. Ambassador to the European Union Gordon Sondland testifies before the House Intelligence Committee on Capitol Hill in Washington, during a public impeachment hearing of President Donald Trump's efforts to tie U.S. aid for Ukraine to investigations of his political opponents. President Donald Trump has ousted Sondland, who gave damaging testimony in impeachment inquiry. (AP Photo/Andrew Harnik, File)
February 08, 2020 - 9:27 am
WASHINGTON (AP) — Exacting swift punishment against those who crossed him, an emboldened President Donald Trump ousted two government officials who had delivered damaging testimony against him during his impeachment hearings. The president took retribution just two days after his acquittal by the...
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FILE - In this March 28, 2018 file photo, Jim Farley, Jr. executive vice president and president of Global Markets of the Ford Motor Company, is shown in this photo during New York International Auto Show. Ford is shaking up its management after a poor fourth-quarter financial performance and the botched launch of the Explorer SUV. A person briefed on the matter says that automotive President Joe Hinrichs will retire from the company. Farley, president of new business and strategy, will become chief operating officer. The person didn't want to be identified because the moves haven't been formally announced. Ford has scheduled a conference call with reporters for later Friday, Feb. 7, 2020 (AP Photo/Richard Drew, File)
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February 07, 2020 - 11:43 am
DETROIT (AP) — Ford is shaking up its management after a poor fourth-quarter financial performance and the botched launch of the Explorer SUV. The Dearborn, Michigan, company says that automotive President Joe Hinrichs will retire effective March 1. Jim Farley, president of new business and...
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FILE - In this Wednesday, Sept. 26, 2018 file photo, Ginni Rometty, Chairman, President, and CEO of IBM, speaks at the Bloomberg Global Business Forum in New York. Ginni Rometty is stepping down after nearly 40 years with the computing giant and eight years at its helm. The company said Thursday, Jan. 30, 2020 that Arvind Krishna will take over as CEO starting April 6 . (AP Photo/Mark Lennihan, File)
January 30, 2020 - 5:22 pm
IBM has had just one female CEO in its century-long history. Ginni Rometty took over the helm in January 2012. IBM announced Thursday that she's stepping down in April. Here's the list of CEOs at IBM: Thomas J. Watson, May 1914-May 1956 Thomas J. Watson, Jr., May 1956-June 1971 T. Vincent Learson,...
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FILE - In this Tuesday, Jan. 21, 2020 file photo, Ginni Rometty, President and CEO of IBM, attends a panel discussion at the World Economic Forum in Davos, Switzerland. Ginni Rometty is stepping down after nearly 40 years with the computing giant and eight years at its helm. The company said Thursday, Jan. 30, 2020 that Arvind Krishna will take over as CEO starting April 6 . (AP Photo/Michael Probst)
January 30, 2020 - 4:43 pm
ARMONK, N.Y. (AP) — IBM CEO Ginni Rometty is stepping down after nearly 40 years with the computing giant and eight years at its helm. The company said Thursday that Arvind Krishna will take over as CEO starting April 6. Krishna has been IBM's senior vice president for cloud computing and cognitive...
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January 30, 2020 - 3:35 am
COPENHAGEN, Denmark (AP) — Swedish low-cost fashion brand Hennes & Mauritz AB says its net sales have increased by 11% to 232.7 billion kronor ($24.2 billion) last year “in an ever-changing fashion industry.” The Stockholm-based group says its full year gross profit increased by 9% to 33.3...
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FILE - In this Jan. 22, 2020, file photo signs for a McDonald's restaurant hang on a building in the Chinatown section of New York. McDonald's reports financial results on Wednesday, Jan. 29. (AP Photo/Mark Lennihan, File)
January 29, 2020 - 10:06 am
McDonald's wrapped up a tumultuous year on a high note after the company's CEO was ousted in November. The burger giant said Wednesday it surpassed $100 billion in annual sales for the first time, and notched its highest same-store sales in more than a decade, with growth in all of its global...
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FILE - In this July 8, 2019, file photo, national security adviser John Bolton speaks at the Christians United for Israel's annual summit, in Washington. A single paper copy in a nondescript envelope arrived at the White House on Dec. 30. Four weeks later, news of John Bolton’s book manuscript about his time as President Donald Trump’s national security adviser has exploded into public view, sending a jolt through the president’s impeachment trial. (AP Photo/Patrick Semansky, File)
January 27, 2020 - 9:14 pm
WASHINGTON (AP) — Former national security adviser John Bolton took center stage at President Donald Trump's impeachment trial even though he was nowhere near the Capitol. Bolton's claims in a forthcoming book — that Trump told him he wanted to withhold security aid from Ukraine until it launched...
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In this picture taken Tuesday, Jan. 7, 2020, a Christ statue overlooks El Alto, a city adjoining the capital city La Paz, Bolivia. Ancestral indigenous practices became more visible during the presidency of Evo Morales, who recognized the Andean earth deity Pachamama. While Bolivians are divided on former President Morales' legacy, the interim President Jeanine Añez wants to make the Bible front and center in public life. (AP Photo/Natacha Pisarenko)
January 24, 2020 - 8:15 pm
LA PAZ, Bolivia (AP) — Hoisting a large leather Bible above her head, Bolivia’s new interim president delivered an emphatic message hours after Evo Morales fled under pressure, the end of a nearly 14-year presidency that celebrated the country’s indigenous religious beliefs like never before. “The...
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