September 23, 1999 |
IBM Corp. agreed to buy Internet security company Dascom Inc. for an undisclosed price. Closely held Dascom, which has about 100 employees, would keep its headquarters in Santa Cruz; no firings are expected. Dascom's software is designed to allow companies to share orders and other information securely with suppliers and customers.
March 4, 1987 |
A group of Hollywood studios suffered a setback Tuesday in their efforts to have a judge replace the management of Grant Broadcasting System, a television station chain that last year sought bankruptcy court protection while owing its TV-program suppliers $225 million. In a written opinion, Bankruptcy Judge David A. Scholl in Philadelphia said that the company has "an outstanding management team," and should be given a chance to "regroup" using bankruptcy court protection.
April 9, 2009 |
A top Toyota executive said the automaker's U.S. operations were prepared to deal with the effects of a possible bankruptcy filing by rival General Motors Corp. Jim Lentz, president of Toyota Motor Sales USA, said the company's U.S. factories shared about two-thirds of their 500 major auto-parts suppliers with Detroit's Big Three automakers. Of that group, about 10 are in "critical need" of cash. GM has recently said it may file for bankruptcy protection as part of its restructuring plan.
July 12, 1990 |
Investigators are looking into allegations that New York Telephone suppliers helped pay for bawdy parties and prostitutes at annual conventions of company employees, it was reported today. State regulators are questioning whether the meetings at Florida resorts resulted in higher costs being paid by customers, The Wall Street Journal said. The meetings, held for one week each year from 1984 through '88, allegedly involved improper contact between employees of Materiel Enterprises Co.
February 20, 1990
Relatives of 13 people killed and 32 injured in the collapse of a department store will share a $33.1-million out-of-court settlement. The three-floor Amigo Store collapsed during a thunderstorm on July 7, 1988. A 14th person was killed, but relatives did not sue. The settlement came from the store, the city of Brownsville and several construction companies and materials suppliers.
March 15, 2008 |
Nike Inc. said it found falsified documents, underage workers and unpaid wages at suppliers in China, despite what experts say is one of the top social compliance regimes in the industry. The Beaverton, Ore.-based company's difficulties highlight the deep roots of some of the problems businesses face in manufacturing in China, particularly at a time of sharply rising costs and a stiffening legal environment. In its first country-specific supply chain report, which it said focused on China because of the upcoming Beijing Olympics, Nike detailed the efforts it has been making to get suppliers to comply with its code of conduct and Chinese law, including a program to monitor Olympics-related suppliers.
November 16, 2012 |
Ikea Group, the Swedish company known for low-cost furniture and home goods, admitted and apologized for contracting with East German suppliers that used forced labor to manufacture the firm's products more than two decades ago. A report commissioned by Ikea from Ernst & Young showed that the company worked with suppliers in the communist German Democratic Republic some 25 to 30 years ago. Those suppliers used prisoners -- including political dissidents...