BRIEFLY UNOVA TAPS SMITH TO HEAD IAS GROUP.Byline: - Staff and Wire Services WOODLAND HILLS - Unova Inc. on Tuesday named Robert T. Smith president of its Detroit-based Industrial Automation Systems segment, comprised of all Lamb, Cincinnati Machine and Landis divisions worldwide. Smith, 56, will report to Unova Chairman and 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. Larry D. Brady. Smith previously was group vice president of Valspar Corp., responsible for the $500 million Metal Coatings Metal coatings Thin films of material bonded to metals in order to add specific surface properties, such as corrosion or oxidation resistance, color, attractive appearance, wear resistance, optical properties, electrical resistance, or thermal protection. Group. Unova is a global supplier of wireless networking See wireless network. technologies and mobile information systems. The company's IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. segment is a developer of manufacturing technologies and integrated production A farming system that produces high quality food and other products by using natural resources and regulating mechanisms to replace polluting inputs and to secure sustainable farming. systems for the global automotive, aerospace and heavy equipment industries. Homestore names Unruh to its board WESTLAKE VILLAGE - Homestore Inc. announced Tuesday the appointment of Paul Unruh to its board, which increases the number of independent directors to six and total members to eight. Unruh also joined Homestore's Audit Committee. Unruh spent 25 years at Bechtel, a global engineering and construction services organization. Prior to his retirement in 2002, he was vice chairman of Bechtel Group Inc. Prior to joining Bechtel, Unruh spent seven years at PricewaterhouseCoopers as an audit manager. He continues to serve as a director of Bechtel Group, and is also a director of Veritas Software Veritas Software Corp. was an international software company that was founded in 1983 as Tolerant Systems, renamed Veritas Software Corp. in 1989, and merged with Symantec in 2005. It was headquartered in Mountain View, California. . Former Eron exec arrested over ploy SAN FRANCISCO - Federal authorities on Tuesday arrested a third former Enron executive suspected of manipulating California's energy market, leading to rolling blackouts across the state two years ago. The U.S. Attorney's Office said John M. Forney, 41, was the architect of several illegal schemes Enron used to drive up California's energy prices between 1999 and 2001. He was arrested at the headquarters of American Electric Power American Electric Power (NYSE: AEP) is a major investor-owner electric utility in various parts of the United States. It is headquartered in Columbus, Ohio. It serves parts of 11 states, and is currently the largest electricity generating utility in the United States. in Columbus, Ohio. Forney, who lives in Upper Arlington, Ohio Upper Arlington is a suburban city in Franklin County, Ohio, United States, on the northwest side of the Columbus metropolitan area. The population was 33,686 at the 2000 census. Geography Upper Arlington is located at (40. , is the third energy trader who worked at Enron's power trading office in Portland, Ore., to be charged with crimes related to California's energy crisis. He worked at the now-bankrupt company from 1993 to 2002 and was transferred to its West Power Trading Center in 1997. Big Three truck sales up for May Strong sales of pickup trucks and 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. helped Detroit's Big Three automakers post slightly better-than-expected sales in May, but Ford Motor Co. and DaimlerChrysler AG's Chrysler Group still were down for the month. General Motors Corp., the world's largest automaker, recorded a 13.3 percent rise from a year ago in light truck sales, which include pickups, SUVs and vans. Its car sales were off 7.4 percent. The net result: a 4 percent increase in overall sales in May, its first monthly sales gain this year. Ford's light truck sales rose 1.8 percent last month, but total volume for Ford, Lincoln and Mercury brands fell 5.7 percent because of an 18.4 percent decline in car sales. Chrysler's results were more balanced, but negative nonetheless: car sales were down 5 percent, truck sales were off 2.7 percent. Total volume fell 3.3 percent. WorldCom seeks more time for plan WASHINGTON - WorldCom Inc. has filed a request with the bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. asking for more time to solicit votes for its reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. without the threat of other parties filing competing plans. The telecommunications company wants to extend to Sept. 30 from June 16 its exclusive vote-solicitation period. The U.S. Bankruptcy Court in Manhattan, which is overseeing WorldCom's Chapter 11 case, will consider the request, made earlier this week, at a hearing June 10. The court recently approved the disclosure statement to WorldCom's Chapter 11 reorganization plan and established a vote-solicitation period beginning June 13 and ending Aug. 12. After June 16, other parties would be able to file competing plans for the company under the prior order. A hearing to consider confirmation of the plan is slated for Aug. 25. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion