MAP executive changes trigger retirements and promotions
Kevin M Henning of Marathon Ashland Petroleum will retire January 1 2000 after 30 years. John P Surma of Speedway SuperAmerica will become senior vice president supply and transportation, replacing Henning. Ronald G Becker of Marathon Oil will be president, succeeding Surma. Henning's career spans Marietta College degree and multiple VP roles with MAP and Marathon. Surma holds a Penn State accounting degree and joined Marathon Oil in 1997 progressing to senior VP finance and administration. The Detroit AP brief notes flat November U.S. auto sales for GM and Chrysler. AOL buys Tegic to extend instant messaging to cell phones. Bausch & Lomb plans 850 job cuts to boost efficiency, mostly in Rochester.
MENTIONED IN THIS ARTICLE
Kevin
MAP
J. L
Corky" Frank
Surma
Pittsburgh
Pennsylvania State University
Marathon Oil Company
Internet domain business.com sells for 7.5 million dollars
Houston entrepreneur Marc Ostrofsky sold the domain business.com to eCompanies of Santa Monica for 7.5 million dollars. eCompanies founder Jake Winebaum and Earthlink founder Sky Day ton will use the name to promote electronic commerce and cut advertising costs. Ostrofsky will advise the firm and had bought the name for 150000 three years earlier, a price once deemed insane.
MENTIONED IN THIS ARTICLE
Los Angeles
Houston
Business.com
Marc Ostrofsky
eCompanies
Disney
Ostrofsky
Winebaum
McDonald's to buy Boston Market for 173.5 million
McDonald's Corp agrees to acquire most of Boston Market chain including 750 restaurants and franchise rights for 108 more in a 173.5 million deal tied to Boston Chicken Inc bankruptcy. Greenberg calls it a chance to grow Chipotle Mexican Grill and Donatos while converting sites as needed.
MENTIONED IN THIS ARTICLE
McDonald’s
Ray Kroc
Oak Brook
McDonald’s Corp
Boston Market
Boston Chicken Inc
Boston Chicken
Einsten/Noah
Bagel Corp
McDonald's
Jack Greenberg
Golden
McDonalds
U.S
Greenberg
McChicken
McDonald's Corp
Boston
Sears blames Exide for bad battery sales dispute
Sears Roebuck and Co claims it may have sold used batteries as new for four years but denies fault in the bad battery case. Exide Corp accuses Sears of bribing a former buyer. Exide sues over contract cancellation. Florida AG and U.S. Attorney probe into sworn affidavit detailing $20,000 paid to a former Sears buyer. Exide asserts Sears owes it over $15 million and acknowledges prior payments by former Exide managers.
MENTIONED IN THIS ARTICLE
Sears, Roebuck and Co
Hoffman Estates
Pegey Palter
Sears
Joseph Caiio
Exide
Florida
sExide
Gary K. Marks
Lake Zurich
Johnson Controls Inc
Marks
John van Zile
Nets Recalled Over Strangulation Hazard in Youth Sets
Huffy Sports and two other firms recall more than 900000 toy and youth basketball nets due to risk of strangulation. CPSC cites a case of a 3 year old boy entangled. nets may unhook from rims or have sliding knots. Recalled sets include Slam Dunk Youth Basketball Set Franklin Sports, Youth One On One Huffy Sports, and Shoot Case Lifetime Products.
MENTIONED IN THIS ARTICLE
Washington
Huffy Sports
Miamisburg
Ohio
Huffy Corp
Consumer Product Safety Commission
Franklin Sports
Lifetime Products
Toys R Us fined for youth work hour violations
The Department of Labor ordered Toys R Us to pay 200000 and adopt safeguards after inspections found over 300 young workers, ages 14 and 15, at 19 stores mainly in Massachusetts working hours and shifts beyond legal limits. The company cited managers' misunderstandings of the law and said corrective steps are in place.
MENTIONED IN THIS ARTICLE
Toys R Us
Washington
Department of Labor
Alexis Herman
New England
Massachusetts
National Toy Store
Paramus
N.J
Commerce Department
Fed
Mark Witmer
First Union Securities
GE lifts Dow as markets rally on cooling economy signals
Dow Jones closes at 10,998.39 up 120.58 as GE leads blue chips and Nasdaq lags. Tech shares struggle despite broader gains while economic data show slower growth. Bond yields ease and equities gain support as Fed rate restraint signals persist amid modest manufacturing improvement.
MENTIONED IN THIS ARTICLE
New York
Standard & Pear
Dow
General Electric
Salomon Smith Barney
Procter & Gamble
Exxon Mobil
Brian G Belski
George K. Baum & Co
Kansas City
Federal Reserve
Fed
Conference Board
National Association of Purchasing Management
Purchasing Managers’ Group
Also Mentioned on This Page
Marathon Ashland
Chrysler
Detroit
General Motors Corp
DaimlerChrysler AG
AOL
Springfield
America Online Inc
Dulles
Tegic Communications
Rochester, N.Y
Bausch & Lomb Inc
Rochester
Internet
Jake Winebaum
Earthlink
Sky Dayton
Jeff Tinsley
Greatdomains.com
America.com
Tinsley
Exide Corp
U.S. Attorney’s Office
Southern District of Illinois
Joe Merkel
U.S. Attorney's Office
Huffy
Wall Street
Yahoo
S&p
America Online
Atlantic
Federal Trade Commission
BP Amoco
Exxon
Mobil
FTC
Treasury
Belski
New York Stock Exchange
NYSE
Japan
Germany
Britain
France
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