chief financial officer

  • Donald Trump Nov 26, 2019

    SoulCycle CEO Melanie Whelan Resigns

    Melanie Whelan is resigning from her position as chief executive officer of SoulCycle, effective Tuesday, the company told CNBC Make It. Both sides felt it was time for a leadership transition, according to a person briefed on the decision who asked not to be named because those discussions were private. A spokesperson for SoulCycle declined to comment on the impetus...

  • California Nov 25, 2019

    Charles Schwab Buys TD Ameritrade in Brokerage Blockbuster

    Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement brought about by massive disruption in the online brokerage industry. Bowing to competitive pressure, brokerages have made it free for customers to trade U.S. stocks online. A combination of two of the biggest players in the industry would allow Schwab to save billions of...

  • New Jersey Nov 1, 2019

    Dressbarn Store Closings: Liquidation Sales Start Friday, New Website Launching

    Dressbarn will begin liquidation sales Friday at its more than 500 remaining brick and mortar stores. But the women’s clothing brand that’s been around for nearly 60 years will live on online.

  • CEO Oct 30, 2019

    Former Juul Executive Sues Over Retaliation, Claims Company Knowingly Sold Tainted Nicotine Pods

    When e-cigarette market leader Juul removed its popular sweet flavors such as mango and creme from stores last year, co-founder Adam Bowen said publicly the company was willing to take a cut in sales to “do the right thing and prevent underage use.” The conversation at Juul’s San Francisco headquarters, though, was far different.

  • CEO Oct 30, 2019

    Former Juul Executive Sues Over Retaliation, Claims Company Knowingly Sold Tainted Nicotine Pods

    When e-cigarette market leader Juul removed its popular sweet flavors such as mango and creme from stores last year, co-founder Adam Bowen said publicly the company was willing to take a cut in sales to “do the right thing and prevent underage use.” The conversation at Juul’s San Francisco headquarters, though, was far different.

  • NBC Oct 19, 2019

    HUD Knowingly Failed ‘to Comply With the Law,' Stalled Puerto Rico Hurricane Relief Funds

    Two top officials with the Department of Housing and Urban Development admitted at a congressional hearing this week that the agency knowingly missed a legally required deadline that would have made desperately needed hurricane relief funding available to Puerto Rico, NBC News reported. HUD’s chief financial officer, Irv Dennis, and David Woll, the department’s principal deputy assistant secretary for community...

  • Massachusetts Sep 25, 2019

    Mass. Towns, Cities Behind on Collecting Taxpayer Money From State Fund

    You’ve probably seen the advertisements: Go to findmassmoney.com, type in your name and see if you’re owed cash. Much of the money is owed to individuals. But public entities also have thousands’ worth of taxpayer dollars coming back to them. So why aren’t some collecting it?

  • Governor Jul 18, 2019

    Ricky Martin, Bad Bunny, Lin-Manuel Miranda Join Calls for Puerto Rico Gov. Ricardo Rosselló to Resign

    Protests against Puerto Rico Gov. Ricardo Rosselló have grown since the leak over the weekend of an 889-page chat that revealed sexist, racist, homophobic and violent comments by the governor and his team about opponents and even members of Rosselló’s own party. The leaked chats, which follow separate allegations of corruption that have rocked the island, also included references to...

  • Governor Jul 15, 2019

    Puerto Rico Governor Rejects Calls to Resign Amid Scandal

    Protesters in Puerto Rico gathered outside La Fortaleza governor’s residence on Sunday, demanding Gov. Ricardo Rosselló step down for his involvement in a private chat in which he used profanities to describe an ex-New York City councilwoman and a federal control board overseeing the island’s finances. The demonstrators included teachers, union workers, students, members of a feminist collective and others...

  • Governor Jul 14, 2019

    Top Puerto Rican Officials Resign Over Profanity-Laced Chat

    Puerto Rico’s Gov. Ricardo Rosselló announced Saturday that his chief financial officer and secretary of state will step down following their participation in a private chat that used profanities to describe an ex-New York City official and a federal control board overseeing the island’s finances. The U.S. territory’s CFO Christian Sobrino, who is also the governor’s representative to the control...

  • New Jersey May 21, 2019

    Women's Clothing Chain Dressbarn to Close All Its 650 Stores

    Dressbarn, the women’s clothing chain that’s been around for nearly 60 years, is closing all 650 of its stores.

  • Congress May 17, 2019

    Government Audit: Carson's $40K Office Purchases Broke Law

    Housing and Urban Development Secretary Ben Carson violated the law when his department spent more than $40,000 to purchase a dining set and a dishwasher for his office’s executive dining room, government auditors concluded. In a report released Thursday, the Government Accountability Office said HUD failed to notify Congress before exceeding a $5,000 limit set by Congress to furnish or...

  • NBC News May 16, 2019

    Ex-EPA Chief Pruitt Spent Nearly $124K on ‘Excessive Airfare,' Agency Says

    Former Environmental Protection Agency administrator Scott Pruitt and his staff spent nearly $124,000 on unnecessary first- and business-class air travel during 10 months in 2017, according to a new report from the EPA’s Office of the Inspector General. Pruitt resigned seven months later, amid several ethics scandals surrounding his alleged abuse of agency resources, NBC News reported. Of the 40...

  • CEO Mar 11, 2019

    Qantas Airways CEO Alan Joyce Invites 10-Year-Old Who Started His Own ‘Airline' to Meet Him

    One CEO is helping this little boy get his wings. When Alex Jacquot, a 10-year-old boy, wrote to Qantas Airways CEO Alan Joyce for advice on operating his “airline,” Oceania Express, the more experienced CEO didn’t hesitate to respond. Joyce gave Jacquot advice on managing an airline, answered questions about a particularly tricky flight route and invited the young CEO...

  • Congress Mar 7, 2019

    China's Huawei Sues to Challenge US Security Law

    Chinese tech giant Huawei is challenging a U.S. law that labels the company a security risk and would limit its access to the American market for telecom equipment. Huawei Technologies Ltd.’s lawsuit, announced Thursday, asks a federal court to throw out a portion of this year’s U.S. military appropriations act that bars the government and its contractors from using Huawei...

  • Donald Trump Mar 1, 2019

    House Will Call Trump Org Financial Executive Weisselberg to Testify

    The House Intelligence Committee intends to call Allen Weisselberg, chief financial officer of the Trump Organization, to testify, a source with direct knowledge of the situation tells NBC News....
    The move comes after Michael Cohen, President Donald Trump’s longtime fixer, repeatedly cited Weisselberg as having firsthand knowledge of alleged financial irregularities in his public testimony before the House Oversight Committee on...

  • CEO Feb 22, 2019

    At Kraft Heinz, a Fed Investigation and a $15.4B Write-Down

    Kraft Heinz disclosed an investigation by federal regulators and will slash the value of its Oscar Mayer and Kraft brands by $15.4 billion. Shares plunged 26 percent at the opening bell Friday, the company’s biggest single-day decline, after posting a stunning $12.6 billion loss for the fourth quarter. Kraft Heinz divulged the receipt of a subpoena in October from the...

  • United States Jan 15, 2019

    Death Penalty for Canadian Escalates China-Canada Tensions

    A Chinese court sentenced a Canadian man to death on Monday in a sudden retrial of a drug smuggling case and Beijing said that it has denied a Canadian diplomatic immunity, ratcheting up tensions since Canada’s arrest of a top Chinese technology executive last month. A Chinese court in northeastern Liaoning province announced that it had given Robert Lloyd Schellenberg...

  • United States Dec 20, 2018

    What Makes a Chicken Chipper? No One Is Quite Sure, But Researchers Are Checking

    How do you measure a chicken’s happiness? Is it in the way it runs for food? How much time it spends preening? To size up what might make chickens happy in their brief lives, researchers at the University of Guelph in Ontario, Canada, are putting 16 breeds through physical fitness and behavioral tests. They’re watching how well birds scramble over...

  • Donald Trump Dec 13, 2018

    Trump Confides to Friends He's Concerned About Impeachment, Sources Say

    President Donald Trump has told people close to him in recent days that he is alarmed by the prospect of impeachment, as the consequences of federal investigations involving his associates and Democratic control of the House sink in, multiple sources told NBC News. On Wednesday, federal prosecutors announced an agreement with American Media Inc, in which the publisher of the...

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