Posts Tagged Corporate news

The man responsible for Hilton’s grand turnaround

In this May 29, 2014 photo, Hilton CEO Chris Nassetta poses for a portrait in the Hilton Tysons Corner Hotel in McLean, Va. When Nassetta took over as CEO in 2007, Hilton lagged behind other hoteliers. Today, Hilton Worldwide is the largest hotelier in the world, by rooms, with 679,000 rooms. (AP Photo/J. David Ake)

McLEAN, Va. (AP) — Nearly every weekend, Chris Nassetta is cooking in his family’s oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer.

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AK Steel posts smaller 2Q loss

WEST CHESTER, Ohio (AP) — AK Steel Holding Corp. (AKS) on Tuesday reported a smaller loss in its second quarter, and topped analysts’ expectations.

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US companies increasingly fish for growth overseas

In this Jan. 17, 2014 file photo, Apple's CEO Tim Cook, left, gestures as China Mobile Chairman Xi Guohua smiles during a promotional event that marks the opening day of sales of China Mobile's 4G iPhone 5s and iPhone 5c in Beijing, China. Soaring sales of iPhones in China, Russia, India and Brazil during the April-June 2014 period helped Apple overcome softening demand for the device in the U.S. and Europe, where consumers seem to be more interested in waiting for the autumn release of a new iPhone that's expected to feature a larger screen. (AP Photo/Alexander F. Yuan, File)

SAN FRANCISCO (AP) — Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.

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Not in my backyard: US sending dirty coal abroad

In this May 22, 2014, photo, a ship is docked at Norfolk Southern's Lamberts Point coal terminal as a man plays golf in Norfolk, Va. As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world, where they could create even more pollution. (AP Photo/Patrick Semansky)

NEWPORT NEWS, Va. (AP) — Coal from Appalachia rumbles into this port city, 150 railroad cars at a time, bound for the belly of the massive cargo ship Prime Lily. The ship soon sets sail for South America, its 80,000 tons of coal destined for power plants and factories, an export of American energy — and pollution.

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US exports help Germany increase coal, pollution

ADVANCE FOR MONDAY, JULY 28, 2014, AT 12:01 A.M. AND THEREAFTER - This image provided by Trianel on July 24, 2013, shows an undated aerial view on the Trianel power plant in Luenen, western Germany. The 750-megawatt Trianel power plant relies completely on coal imports, about half from the U.S. Soon, all of Germany’s coal-fired power plants will be dependent on imports, with the country scheduled to halt all coal mining in 2018 when government subsidies end. Coal mining’s demise in Germany comes as the country is experiencing a resurgence in coal-fired power, one which the U.S. increasingly has helped supply. (AP Photo/Trianel, Guenther Goldstein)

LUENEN, Germany (AP) — One of Germany’s newest coal-fired power plants rises here from the banks of a 100-year-old canal that once shipped coal mined from the Ruhr Valley to the world.

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