March 29, 2011 |
Twitter cofounder Jack Dorsey will take on a more active role at the fast-growing social networking and microblogging service, the company announced Monday. Dorsey, who has been Twitter's nonexecutive chairman, was named executive chairman in charge of leading the company's product development. Twitter Chief Executive Dick Costolo announced the new position for Dorsey in a tweet Monday morning, writing that he was "excited" that Dorsey was "returning to the company day-to-day leading product as Executive Chairman.
January 21, 2011 |
General Motors Co. on Thursday continued a shake-up of its executive ranks, naming its first female product development chief. The Detroit automaker said Mary Barra would become senior vice president of global product development and be responsible for the design, engineering and vehicle quality of the company's 11 brands around the world. The appointment comes as GM faces a slowdown in new product introductions this year and next, threatening to slow the momentum of its recovery from a 2009 bankruptcy and the closing or sale of four of its eight U.S. car brands.
October 28, 2009 |
With dairy prices off nearly 40% from last year's peak, farmers, industry advocates and milk processors filled a Senate Agriculture Committee hearing room Tuesday to discuss lasting solutions to their crisis. Consumer demand, particularly for cheese, has slipped amid the worldwide economic downturn. But production continued to grow. In September, the price dairy farmers received for 100 pounds of milk was $11.90, according to the U.S. Department of Agriculture, down from a high of $19.50 in June 2008.
June 11, 2009 |
Less than a week after Palm Inc. introduced its new Pre smartphone to a warm welcome from critics and consumers, the company said its chief executive, Ed Colligan, was stepping down. Colligan, 48, will be replaced by Jon Rubinstein, 52, who has led Palm's product development efforts since October 2007. An engineer by training, Rubinstein is also a former employee of rival Apple Inc., where he helped develop the popular iPod.
January 2, 2007 |
As General Motors Corp.'s "car czar," Bob Lutz has delivered a consistent message to engineers and designers: Abandon business as usual. When GM was on the way to losing $10.6 billion in 2005, Vice Chairman Lutz was the catalyst behind a successful effort that brought the launch of the new Chevrolet Silverado and GMC Sierra pickup trucks forward by three months. Getting the revamped GM trucks to dealers last year helped to shore up sagging U.S. sales and beat rival Toyota Motor Corp.'
June 29, 2004 |
A treatment for Parkinson's disease that Amgen Inc. considered one of the most promising drugs in its research pipeline didn't work in a clinical trial, the Thousand Oaks biotechnology company said Monday. The drug, called GDNF, had produced startling results in earlier studies involving small numbers of Parkinson's patients. This spring, Amgen showed analysts a video of a Parkinson's patient who was able to jettison his walker after treatment.