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Electronic Data Services Corp

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BUSINESS
March 21, 2003 | From Reuters
Electronic Data Services Corp., hurt by weak demand for computer services and troubled customers such as WorldCom Inc., said Chief Executive Richard Brown had stepped down and would be replaced by Michael Jordan, a former CBS Corp. CEO. Former Vice Chairman Jeff Heller also left retirement to return as president and chief operating officer, EDS said. Shares of Plano, Texas-based EDS closed up 6 cents at $15.76 on the New York Stock Exchange.
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BUSINESS
March 21, 2003 | From Reuters
Electronic Data Services Corp., hurt by weak demand for computer services and troubled customers such as WorldCom Inc., said Chief Executive Richard Brown had stepped down and would be replaced by Michael Jordan, a former CBS Corp. CEO. Former Vice Chairman Jeff Heller also left retirement to return as president and chief operating officer, EDS said. Shares of Plano, Texas-based EDS closed up 6 cents at $15.76 on the New York Stock Exchange.
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BUSINESS
February 25, 1992 | JESUS SANCHEZ, TIMES STAFF WRITER
While General Motors gushed red ink last year, three subsidiaries that make no cars were profitable. Electronic Data Services, General Motors Acceptance Corp. and GM Hughes Electronics reported combined profit of nearly $2.5 billion. In contrast, GM's North American automotive operations suffered an estimated $7.4-billion loss. The company as a whole lost $4.5 billion in 1991, GM officials said Monday.
BUSINESS
February 25, 1992 | JESUS SANCHEZ, TIMES STAFF WRITER
While General Motors gushed red ink last year, three subsidiaries that make no cars were profitable. Electronic Data Services, General Motors Acceptance Corp. and GM Hughes Electronics reported combined profit of nearly $2.5 billion. In contrast, GM's North American automotive operations suffered an estimated $7.4-billion loss. The company as a whole lost $4.5 billion in 1991, GM officials said Monday.
BUSINESS
January 31, 1996 | DONALD W. NAUSS, TIMES STAFF WRITER
General Motors Corp. on Tuesday reported record fourth-quarter earnings of $1.6 billion, highlighting its continuing turnaround in the face of a weaker auto market worldwide. But the results were inflated by one-time tax gains, and analysts said GM's profit is likely to fall this year as the company is hit with higher marketing costs and the expense of launching several all-new models.
NEWS
November 11, 1993 | JAMES RISEN and JUANITA DARLING, TIMES STAFF WRITERS
In his televised debate with Ross Perot over the North American Free Trade Agreement, Vice President Al Gore suggested that Perot's vehement public opposition to the pact represented a conflict of interest because the Texas billionaire's family had invested heavily in an airport industrial park near Ft. Worth that would benefit if the treaty is rejected.
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