BRIEFCASE NBC MANAGEMENT ADJUSTS TO FILL VOID.Byline: - Staff and Wire Services NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. realigned its top management structure this week, adding significantly to the duties of long-time executive Randy Falco Randy Falco is the present Chairman of the Board and CEO of AOL LLC. Prior to joining AOL, he served 30 years with NBC. Falco sits on the board of directors of Ronald McDonald House. and elevating him to a new position, group president of the NBC network. Falco, who previously was president of the NBC network, will take on several duties that had been performed by Andrew Lack, the president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. who left last month to become head of Sony's music division. Falco also gains some responsibilities that have been handled by the NBC chairman, Bob Wright. In his new position Falco will add oversight of corporate business development, NBC's cable operations, and its production operations. He will continue to oversee such areas as sales, marketing, and broadcast standards. BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. recalls SUVs to fix brake issue BERLIN - BMW is recalling 164,000 X5 sport utility vehicles This page lists sports utility vehicles currently in production (as of April 2007), as well as past models. The list includes crossover SUVs, Mini SUVs, Compact SUVs and other similar vehicles. worldwide to fix a potential brake defect at a total cost of up to $5.4 million, the company said Friday. The German automaker said vibrations can loosen the brake hose out of its mounting in the front wheel suspension, causing it to grate against suspension parts or the inside of the wheel. Extended exposure could cause the hose to wear through, causing a loss of brake fluid brake fluid n → líquido de frenos brake fluid n → Bremsflüssigkeit f or total failure of the front brake circuit, BMW spokesman Jochen Frey said. No accidents have been linked to the problem, he said. BMW sells about 40 percent of its X5s in the United States. Schwab resigning as brokerage CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. SAN FRANCISCO - Discount stock brokerage pioneer Charles Schwab on Friday said he will relinquish the co-chief executive title at the company that bears his name and entrust the full responsibility to his long-time management partner, David Pottruck. Schwab, 65, will remain chairman of the board at Charles Schwab Corp. and said he plans to continue to shape the strategic direction of the San Francisco-based brokerage he founded in 1971. Wall Street's emphasis on greater autonomy between corporate boards and management swayed Schwab's decision to give up the chief executive role he has shared with Pottruck since 1998. Airline's parent cites record loss CHICAGO - United Airlines' parent company reported a record $1.5 billion loss for the fourth quarter Friday, punctuating an abysmal year in which it descended into bankruptcy. UAL UAL United Airlines (ICAO code) UAL Unified Accelerator Library (Brookhaven National Laboratory) UAL User Account Lockdown UAL User Access Layer UAL Universal Auxiliary Language UAL User Agent Layer Corp. lost a worst-ever $3.2 billion for the year, accounting for roughly one-third of the industry's combined losses. Only American Airlines did more poorly, spilling $3.5 billion in red ink red ink Health administration A popular term for financial losses. Cf in the Black. in 2002. If United, the world's second-largest carrier, does not turn its situation around quickly, analysts say it risks losing critical Chapter 11 financing and increases the possibility of liquidation. Chevron Texaco profits up 26% SAN FRANCISCO - ChevronTexaco Corp. on Friday reported its highest quarterly profit since the October 2001 merger that created the oil giant, but it wasn't enough to satisfy the company's management. The San Ramon-based company posted fourth-quarter earnings of $904 million, or 85 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , rebounding from a loss of $2.5 billion, or $2.38 per share, in the previous year. Boosted by rising crude oil prices, ChevronTexaco's fourth-quarter revenue totaled $27.1 billion, a 26 percent increase from $21.5 billion in the previous year. Asbestos claims sock Honeywell TRENTON, N.J. - Honeywell International posted a $1.47 billion loss in its fourth quarter as it took $2.83 billion in charges for restructuring, write-downs in the value of three business segments and potential resolution of many asbestos-related claims. The company also said Friday that Federal-Mogul Corp., an automotive components supplier emerging from bankruptcy protection, has agreed to acquire most of Honeywell's Bendix friction materials business in exchange for taking on all current and future Bendix liability in asbestos lawsuits. |
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