June 7, 1991 |
Intel Corp. said it will close its Singapore plant to move manufacturing closer to its customers. About 300 workers will lose their jobs, the Santa Clara, Calif., computer chip maker said. Intel said it hopes to cut costs by moving the manufacturing of circuit boards and systems built at the plant to Oregon and Ireland, where the products will be closer to the companies that purchase them. Intel has 24,000 employees worldwide.
August 13, 2012 |
ATLANTA — Many American companies that had adopted a much-vaunted employee evaluation system have lately been turning away from it. Known as "stacked ranking" or "forced ranking," the process made famous by General Electric Co. is really just a version of what teachers call grading on the curve: a few people at the top, a few at the bottom and the rest clumped in the middle. The practice leaped into the spotlight — at least for people who study how companies perform — when Vanity Fair published in its August issue a profile of technology icon Microsoft Corp.
September 1, 2011
WASHINGTON Nine companies are recalling about 2 million bottles and jugs of the gel fuel used in outdoor patio decorations known as firepots because of the risk of serious burns. The Consumer Product Safety Commission says the gel fuel has been linked to several dozen cases in which people were burned when they couldn't tell whether the flame was out. Pouring more gel on a burning pot can lead to dangerous flares or burns. The companies are: Bird Brain Inc. of Ypsilanti, Mich.; Bond Manufacturing of Antioch, Calif.; Sunjel Company of Milwaukee; Fuel Barons Inc. of Lake Tahoe, Nev.; Lamplight Farms Inc. of Menomonee Falls, Wis.; Luminosities Inc. of St. Paul, Minn.; Pacific Decor Ltd. of Woodinville, Wash.; Real Flame of Racine, Wis.; Smart Solar USA of Oldsmar, Fla. The commission says Marshall Group of Elkhart, Ind., pulled out of the public announcement at the last minute.
February 12, 2014 |
WASHINGTON - The White House has released guidelines aimed at prodding companies that run some of the nation's most essential services such as utilities, cellphone towers and banks to better protect themselves from cyberattacks. Officials said the guidelines, developed under an executive order that President Obama signed a year ago, provide companies overseeing the nation's crucial infrastructure with a blueprint for identifying potential threats, protecting themselves from cyberattacks and, if an attack occurs, recovering from it. But the voluntary nature of the guidelines showed how sharply proponents of strong regulation have scaled back their ambitions - and even their language - in the face of industry opposition to government intervention.
March 20, 2013 |
NEW YORK -- The economy may be improving, but many U.S. companies are still hanging on to record amounts of cash, something they usually do in times of economic turmoil. U.S. companies held $1.45 trillion in cash in 2012, up 10% from the $1.32 trillion they held in 2011 -- which at that time was a record level, according to a new report from Moody's Investors Service. Apple is sitting on $137 billion in cash, a fact not lost on investors, who have sued in an effort to get Apple to give some of that cash to shareholders.
April 18, 2014 |
Just as consumers make their preferences for cereal flavors or pizzas known with dollars, they can choose to patronize companies that they believe do good in the world. And companies are competing for consumer attention with labels calling out their causes. But a product's claims to be providing clean drinking water to desert villages or saving an endangered species doesn't answer all the important questions. How much is donated? How reliable is the cause? The nonprofit organization B Lab gives companies a "B Corp" certification and icon that it says is a litmus test that gives shoppers confidence they're supporting more than good marketing.