April 5, 2008 |
Starbucks Corp. is testing letting its customers pour their own coffee at some stores as part of an effort to halt two quarters of customer declines. Customers can pay before or after getting their own drip coffee, the coffee chain said.
May 26, 2006 |
Long before Thursday's guilty verdicts against Kenneth L. Lay and Jeffrey K. Skilling, the Enron Effect was already changing U.S. corporations. Houston oil service company Dresser-Rand Group Inc., conscious of the public outrage that followed Enron Corp.'s 2001 collapse, uses its website to wave the flag of corporate good behavior, touting its toughened-up ethics policy. Engineering giant Fluor Corp.'
April 9, 2008 |
President Felipe Calderon on Tuesday called for a sweeping modernization of Mexico's state-owned oil company, outlining a series of reforms that would allow private firms to assume a greater role in the petroleum industry. "We must act now," Calderon said in a televised address timed to coincide with the formal presentation of his initiative to the Senate. "Time and our oil are running out." The reserves of Pemex, as the oil company is known, could disappear in a decade, officials say.
CALIFORNIA | LOCAL
July 21, 2002 |
FORTUNA, Calif.--Corky Cornwell is the picture of small-town prosperity, with his ample belly, ruddy cheeks and the service-club pin neatly fixed to the lapel of his tweed sport jacket. His chain of six cell phone stores is thriving, even as much of the North Coast struggles economically. As Cornwell says, the little gadgets are as much a staple these days as bread or milk.
September 25, 2002 |
Xerox Corp. said the government has launched a criminal investigation into accounting practices that earlier this year led to a restatement of results and a record $10-million civil fine against the copier giant. Word of the U.S. attorney office's inquiry surprised investors Tuesday and pushed Xerox shares down 10.6% to erase nearly six weeks of gains. Shares closed down 71 cents at $5.96 on the New York Stock Exchange. Xerox said it learned late Monday of the investigation from the U.S.
December 2, 2004 |
Sean Harrigan was ousted Wednesday as the president of the California Public Employees' Retirement System board, marking the unseating of one of corporate America's most nettlesome critics. Harrigan's downfall came at the hands of an obscure agency, the state Personnel Board, which voted 3 to 2 to remove him as its representative to the $177-billion pension fund. The move is effective Jan.
February 19, 2003 |
U.S. corporations may lower the value of acquired businesses by as much as $200 billion this year after AOL Time Warner Inc., AT&T Corp. and other companies wrote down about $750 billion of goodwill in 2002. An accounting rule that took effect in 2001 forced companies to review whether they overpaid for acquisitions. If so, some of the amount paid above the fair market value, or goodwill, must be written off.
August 7, 2002 |
Premier Inc., a San Diego company that purchases drugs and supplies for a quarter of the nation's hospitals, has agreed to overhaul the way it operates to quell allegations of self-dealing, conflict of interest and anti-competitive practices. Premier, an alliance of 1,600 nonprofit hospitals and health-care systems, said it would limit the fees it accepts from vendors and would open contracts with more companies. It also would no longer invest in supply companies.
December 5, 2001 |
An increasing number of the 500 largest U.S. companies have appointed women as board directors over the last nine years, a report released Tuesday said, but the progress of change has slowed to a near-glacial pace. Fortune 500 companies with female board members have risen 25.8% since Catalyst, a nonprofit research group, ran its first census on the subject in 1993. But from 1997 to the present, companies with female board members rose by only 3.6%, compared with a 21.
August 30, 2005 |
For corporate directors, there's an upside to all their extra headaches in the post-Enron world: more money. The median pay for directors at large U.S. companies jumped 18% in 2004, said a study issued Monday by Mercer Human Resource Consulting. The median compensation rose to about $155,000, from $132,000 in 2003, according to Mercer's review of regulatory filings by 350 companies with annual revenues topping $1 billion.