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| January 24, 2019

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Snap loses its chief financial officer for second time in less than a year

January 15, 2019 |

Snap Inc. Chief Financial Officer Tim Stone is resigning eight months after joining the social media company, sending shares tumbling in extended trading.

Stone’s departure isn’t related to any disagreement on the company’s accounting, strategy, financial or other practices, said the company —…


L.A. Times – Business

PG&E Chief Executive Geisha Williams leaves as utility readies for possible bankruptcy

January 14, 2019 |

The largest wildfire in state history claimed another victim on Sunday: one of the most powerful women in corporate America.

Geisha Williams, chief executive of PG&E Corp., stepped down from the troubled San Francisco-based company, which is on the brink of bankruptcy due to tens of billions of…


L.A. Times – Business

Ex-Nissan chief Ghosn charged with breach of trust; release on bail unlikely

January 11, 2019 |

Nissan’s ex-Chairman Carlos Ghosn was charged Friday with breach of trust, according to the Tokyo District Court, making the star executive’s release unlikely for months.

Ghosn, arrested Nov. 19, was earlier charged with falsifying financial reports in underreporting his income by about 5 billion…


L.A. Times – Business

Herbalife chief Richard Goudis resigns over comments he made before taking the job

January 9, 2019 |

Herbalife’s chief executive has resigned over unspecified comments he made before taking leadership of the Los Angeles supplement maker.

Richard Goudis, who became chief executive in June 2017 after having served as chief operating officer, will be replaced on an interim basis by the company’s…


L.A. Times – Business

Daimler trucks chief devotes $572 million to driverless technology

January 8, 2019 |

Daimler AG said Monday that it will spend half a billion euros, or about $ 572 million, to develop driverless trucks.

The German giant, parent company of Mercedes Benz, also manufacturers several truck brands, including Freightliner. Starting this year, Freightliner Cascadia big rigs will be fitted…


L.A. Times – Business

Former Nissan chief Carlos Ghosn tells court: ‘I am wrongfully accused’

January 8, 2019 |

Facing allegations of financial misconduct, Carlos Ghosn, the former chairman of Japan’s Nissan Motor Co., denied any wrongdoing and proclaimed his loyalty to the company at a court hearing in Tokyo on Tuesday.

It was Ghosn’s first public appearance since he was arrested on Nov. 19 and charged…


L.A. Times – Business

Fed chief tells investors what they want to hear: The central bank will be ‘patient’ on more rate hikes

January 7, 2019 |

Despite the latest jobs report indicating the U.S. economy remains on solid footing, Federal Reserve Chairman Jerome H. Powell gave anxious financial markets some additional reassurance on Friday. Powell said the Fed would be “patient” to see how the economy develops before policymakers raised…


L.A. Times – Business

California police officer’s killing by accused illegal immigrant ‘a senseless tragedy,’ chief says

December 30, 2018 |

The killing of a California police officer by an illegal immigrant during a traffic stop is a “tragedy” that’s dealt a “tremendous blow” to the tiny department, the chief said Sunday.
FOX News

Chief Justice Roberts weighs in on mystery subpoena clash potentially tied to Mueller

December 24, 2018 |

Supreme Court Chief Justice John Roberts has weighed in on a clash over a mysterious grand jury subpoena, which is rumored to be connected to Special Counsel Robert Mueller’s probe. 
FOX News

Chief Ranger Sues Her Bosses: ‘The Time Has Come’

December 24, 2018 |

A chief ranger at the National Park Service says she’s done with rampant sexual discrimination on the job, the Washington Post reports. Michelle Schonzeit, 36, is suing her bosses after apparently underqualified male applicants were promoted over her. “The time has come for this pernicious form of discrimination and harassment…
Newser