July 3, 2011 |
Question: I am worried about my Sony Corp. stock. Do you see any kind of upturn ahead? Answer: This is a trying time for the consumer electronics and entertainment giant. Among its woes are the slow economy, a campaign of cyber attacks on the company's online video game service, and supply disruptions caused by Japan's earthquake and tsunami. Longer-term, Sony must adapt quickly and effectively to shifting trends. If it can't, it won't be able to command premium prices, despite its premium-brand reputation.
November 11, 2009 |
Toyota Motor Corp. may shoulder almost all the costs of closing a California joint-venture plant because the new owner of General Motors Corp.'s 50% stake doesn't plan to fund worker severance pay and other expenses. "Motors Liquidation is not contributing at all" to the closure costs, said Tim Yost, a spokesman for Detroit-based Motors Liquidation Corp., which took over discarded assets from GM as part of the carmaker's bankruptcy reorganization. "We don't believe there will be a requirement for us to do so."
September 26, 2009 |
A state panel that hands out worker training funds to employers delayed voting on a $2-million request from a soon-to-close Bay Area automaker that builds Toyotas. Panel members said Friday that before agreeing to reimburse the factory for training autoworkers, they wanted to know more about when the plant's partners knew they were closing the last automobile factory in California. The factory, New United Motor Manufacturing Inc. in Fremont, is a joint venture between Toyota Motor Corp.
September 24, 2009 |
The days are officially numbered for Hollywood's Knitting Factory. A spokesman said the club will host its last show on Oct. 25, with pop-punk band Hit the Lights currently booked on the venue's final day. The Knitting Factory's flier for its final Hollywood shows teases that a new venue is opening in 2010. Bruce Duff, the club's head of promotion and publicity, said nothing has yet been finalized on a new locale, although "several are in the running." The Knitting Factory opened in Hollywood in 2000, about a year before the official opening of the outdoor mall at the nearby intersection of Hollywood Boulevard and Highland Avenue.
August 29, 2009 |
Whirlpool Corp. said it would cut 1,100 jobs and close a refrigerator factory in Indiana to trim excess production capacity by next year. Whirlpool plans to move the production of refrigerators with freezers on top to a company location in Mexico. Ice makers produced in Evansville, Ind., are to be moved to an as-yet undecided location. The jobs will be eliminated in mid-2010, the Benton Harbor, Mich.-based appliance maker said.
April 23, 2009 |
General Motors may halt production at some U.S. factories for as long as nine weeks this summer to combat slumping auto sales, according to people familiar with the plan. GM typically closes its facilities for two weeks in July to change production lines for new models. Much like over the winter holidays, the automaker may extend that scheduled shutdown at unproductive plants to help bring down the stockpile of unsold vehicles.