Tech industry still losing jobs though decline slows
A 2004 AeA report shows the US tech sector lost 25,300 high tech jobs, far fewer than 2003’s 333,000 drop and 2002’s 632,000. California shed 67,800 positions but remains the top tech hub with 915,500 jobs, while Texas and New York also hold large counts.
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Seasimi Campagns
Aea
California
Texas
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Califor
Nia
New York
Florida
Virginia
Sodexico Inc to pay 30 million in race bias suit
New York based Sodexico Inc agreed to a 30 million settlement with thousands of black employees who alleged racial barriers blocked promotions and segregated workers. The deal includes promotion incentives and monitoring to boost diversity, with the company denying wrongdoing and stating the case is resolved.
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New York
Sodexico Inc
Savle
Cistrer
Washington
Kerry Scanlon
Lodexho
Richard Macedonia
Convenience stores pursue gourmet destination image
Convenience stores shift from gas and cigarettes to upscale fare and artisanal eats. Chains add fresh seafood, deli options, and sit-down meals to lure affluent customers who spend more time in their vehicles and spend more per visit.
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Industy
Stuart Lowry
Tiger Fuel
Virginia
Lowry
National Association of Convenience Stores
Jeff Lenard
Bubba
Lenard
Kozlowski Denies Abuse of Loans in Tyco Trial Case
Former Tyco chief L Den mus Kozlowski testified in his retrial on larceny charges denying any abuse of company loan programs or unentitled bonuses. He said his aim was to grow the company and could not explain a $25 million loan forgiveness not reported on his 1999 tax return. Prosecutors say the $25 million loan forgiveness plus $62 million in bonuses should have been reported as income.
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New York
Tyco International Ltd
L. Denmus Kozlowski
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Kozlowska
Tyee
Wipiek
Kozlowski
Micome
FirstEnergy reports quarterly drop in earnings
FirstEnergy Corp, the nation s fourth largest utility, posted a 2 percent fall in first quarter earnings to 49 cents a share on 28 billion in revenue. The results reflected higher costs at two of its three nuclear plants drawing federal scrutiny, compared with 2004. The report follows a Commerce Department data showing a 28 percent plunge in durable goods orders in March amid rising energy prices, signaling a temporary soft patch in the economy.
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FirstEnergy Corp
Eto
FirstEnergy
Thomson First Call
Washington
Commerce Department
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