December 8, 2008 |
NBC's sweeping shake-up of its entertainment division last week highlights the deep problems it and other networks face in continuing to produce high-quality shows as advertisers slash spending and viewers find alternate ways to watch TV. The General Electric Co.-owned network, which has seen its ratings plunge 14% this season, plans to announce this week that it will merge its two programming groups -- one at the NBC network and the other at its television production studio -- into one unit.
November 5, 2008 |
Woodland Hills-based insurer Health Net Inc. announced a management realignment Tuesday amid weak profit and a downward revision of its earnings projections for 2008 that sent shares sliding. The company posted third-quarter earnings of 17 cents a share. Excluding charges, earnings would have been 35 cents a share -- well off the Thomson Reuters analysts' consensus of 88 cents a share and down from 99 cents a year earlier. Health Net's shares fell $2.44, or 18%, to close at $10.88.
July 8, 2008 |
General Motors Corp. may get rid of some brands, speed the introduction of small cars from other markets and make further white-collar job cuts as it tries to deal with a shrinking U.S. auto market. A person familiar with the company's discussions said Monday that all the options were being considered as GM tries to cope with the dramatic shift in consumer buying habits from trucks to cars and crossover vehicles. The person asked not to be identified because no decisions have been made.
June 20, 2008 |
Yahoo Inc. executives are headed for the door as the struggling Internet pioneer prepares for a major reorganization while fending off a contentious proxy fight that could cost co-founder Jerry Yang his job as chief executive. The brain drain accelerated as a potential buyout by Microsoft Corp. faded and resignation settled in that the Sunnyvale, Calif., company's fortunes would be tied to new ad partner Google Inc.
April 5, 2008 |
Douglas Merrill remembers driving past the Capitol Records Tower at Hollywood and Vine and wishing he could stop in and look around. Now he's getting an office there, in the West Coast headquarters of EMI Music. On April 28, Merrill will start his new job as president of digital business at the label that's home to artists such as Coldplay and Norah Jones. His hire, announced last week, surprised many in the technology and music industries.
March 20, 2008 |
Hewlett-Packard Co., halfway into a four-year plan to cut real estate costs, will vacate some space in California while keeping the building that housed the offices of founders Bill Hewlett and Dave Packard. The world's largest personal computer maker will close three buildings in Palo Alto and combine offices in Palo Alto and Cupertino. HP's headquarters will stay in Palo Alto.