April 12, 1991 |
In an innovative effort to defray the enormous cost of modern computer chip factories, Texas Instruments announced Thursday that it had enlisted the government of Singapore, Hewlett-Packard and Japan's Canon Inc. as partners in a $330-million chip-making joint venture. The venture is one of the few American high-technology efforts in which a government entity is participating as an equity partner, and it is also one of the first to link a major chip vendor with major computer systems suppliers.
October 29, 1987 |
Ironclad won't be tossing out its Tustin headquarters when it opens a 60,000-square-foot factory and distribution plant in Shreveport, La., early next year. Instead, the privately owned manufacturer of plastic trash bags plans "dramatic growth" over the next year at its Tustin facility, where almost 200 people are employed, company President John Marrelli said.
July 1, 1986 |
A Houston-based oil company said Monday that it will close its second and last Southern California manufacturing plant because plummeting oil prices have prompted the oil industry to quit ordering new equipment. About 150 employees at the Los Nietos factory of National Supply Co. will be gradually laid off between now and the closing in early 1987, the company said. The plant, which opened in the 1930s, makes pumps used to remove fluids from oil wells. David A.
November 5, 2005 |
Toyota Motor Corp. said Friday that rising global sales helped push up its profit by 2.1% for its fiscal second quarter, putting the world's second-largest automaker on track for its fourth straight year of record earnings. The gain comes as its American rivals General Motors Corp. and Ford Motor Co. are losing money and market share in the U.S. and are scrambling to cut production and employment. Tokyo-based Toyota said its profit rose to 303.7 billion yen ($2.
October 26, 1985 |
The hard-hit semiconductor and computer industries continued to take their toll on Texas Instruments, which reported its second consecutive quarterly loss and announced a major retrenchment Friday. The Dallas-based company, whose losses in the third quarter climbed to $82.8 million, said it will reduce its manufacturing capacity, close two factories, eliminate 2,200 jobs worldwide and freeze wages for its remaining employees.
February 8, 2006 |
The yawning gap between the world's two biggest automakers widened Tuesday as Toyota Motor Corp. posted record fiscal third-quarter profit while General Motors Corp. introduced a new round of cost-cutting to help halt its mounting losses. "It's a case of the rich getting richer and the poor getting poorer," said analyst Shelly Lombard at GimmeCredit, a New York corporate bond research firm.