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BUSINESS BRIEFS.(TO THE POINT)
RETAIL
Albertson's dives on Q3 warning
It expects 47-49 cents a share as same-store sales drop 2%. Analysts forecast an 18% rise to 52 cents. Albertson's also cut Q4 goals. The warning fueled fears about Wal-Mart's growing dominance. The discount chain has become the No. 1 grocer, with megastores offering low-priced food and retail goods. Albertson's fell 19% to late '00 levels. Safeway slid 7% and Kroger 4%.
ENERGY
U.S. indicts Fastow on 78 counts
Charges against Enron's ex-CFO Andrew Fastow include fraud, conspiracy and money laundering. If convicted, he could face hundreds of years behind bars and millions of dollars in fines. The highest-ranking official charged in the federal probe of the bankrupt energy firm, Fastow is free on $5 mil bond.
Big oil firms' results lower again
- Fiat Auto reverses its outsourcing strategy.(News)
- Magazine article from: Automotive News February 9, 2004 700+ words
...Luca Ciferri Automotive News Europe Fiat Auto S.p.A. is reversing a decade-long...manufacturing process. In the last 14 months, Fiat Auto has retaken control of some customer...Fiat group service companies back into Fiat Auto. And it is negotiating with several...
- Fiat Auto restructures - again; Automaker plans biggest management overhaul in...
- Magazine article from: Automotive News Europe Ciferri, Luca August 23, 2004 700+ words
...Fiat group CEO Sergio Marchionne and Fiat Auto CEO Herbert Demel again postponed the target date for Fiat Auto's return to profitability. It is now...Demel announced another major overhaul of Fiat Auto's management structure, the second...
- Two ways GM could rescue Fiat Auto.(Cover Story)
- Magazine article from: Automotive News Europe Ciferri, Luca October 21, 2002 700+ words
...Automotive News Europe The future of Fiat Auto was supposed to be decided at Italian...Director Gabriele Galateri di Genola and Fiat Auto Managing Director Giancarlo Boschetti...Creation of a new company in which Fiat Auto and General Motors' Adam Opel operations...
- Marchionne helps Demel fix Fiat Auto; Group CEO takes sales and dealers; a role...
- Magazine article from: Automotive News Europe Ciferri, Luca November 29, 2004 700+ words
...Luca Ciferri Instead of resigning, Fiat Auto CEO Herbert Demel is solidly in place...responsibility for vehicle sales and Fiat Auto's network development outside Italy...is now Maserati CEO, could soon join Fiat Auto to take over marketing and product portfolio...
- Troubled Fiat Auto gets an all-new look ; A structure that segregates Alfa...
- Magazine article from: Automotive News Europe Ciferri, Luca December 17, 2001 700+ words
...TURIN - Giancarlo Boschetti will divide Fiat Auto into four business units - an idea that...structure raises several questions for Fiat Auto's new managing director. For example...separate engine unit. Testore, who has run Fiat Auto since February 1996, resigned unexpectedly...
- Fiat Auto and Microsoft Team Up for a Long-Term Strategic Automotive...
- Press release article from: PR Newswire July 15, 2004 700+ words
...Innovative In-Vehicle Telematics Solutions Fiat Auto and Microsoft Corp.'s Automotive Business...vehicle telematics systems combines Fiat Auto's experience and research in telematics...offered by Fiat's bCONNECT. The joint Fiat Auto and Microsoft system will be based on...
- It looks like Giancarlo Boschetti will get a chance to fix Fiat Auto.
- Magazine article from: Automotive News Europe Ciferri, Luca June 17, 2002 700+ words
...Motors to buy the remaining 80 percent of Fiat Auto it doesn't already own before January...second half of 2005. In other words, Fiat Auto has been given another chance. If its...Boschetti can fix the auto business, Fiat Auto most likely won't be sold. If Boschetti...
- Fiat Auto reverses its outsourcing strategy.
- Magazine article from: Automotive News Europe Ciferri, Luca January 26, 2004 700+ words
...manufacturing process. In the last 14 months, Fiat Auto has retaken direct control of some customer...Fiat group service companies back into Fiat Auto. And it is negotiating with several...how much capital financially troubled Fiat Auto can come up with. The only area of operations...