Diversified companies
The Walt Disney Company has reached an agreement with Infoseek Corp. to merge their Internet businesses, creating a single entity called go.com. This new company will operate on the New York Stock Exchange under the ticker symbol GO, with shares issued to track its performance. Disney's current
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A highly publicized three-year lawsuit between Disney and Jeffrey Katzenberg has ended in a settlement, with Disney paying an undisclosed amount to their former studio chief for his termination bonus. The case, which had reached a record-breaking payout of $580m, has provided a glimpse into the internal workings of Disney,
Diversified companies
Walt Disney's confrontation with former studio chairman Jeffrey Katzenberg in a private trial has left several questions unanswered. Amidst the secrecy surrounding the case, one query lingers: how significant were the concessions Disney made to meet Katzenberg's demands for a 2% share of the gross profits
Diversified companies
Magna International Inc. and TRW Inc. have officially opened the ACTS (Advanced Car Technology Systems) facility, a $33 million joint venture in SAILAUF, Germany. The state-of-the-art 19,000-square-meter facility provides a comprehensive testing and development center for automotive systems, employing around 80 people and expected to reach 150 by the
Diversified companies
At the upcoming Technologic Partners' third annual Enterprise Outlook Conference, Jack Hewitt Jr., president and chief executive officer of Vision Software, will present the benefits of delivering and managing dynamic e-business applications with business rules technology. According to Hewitt, investing in business rules technology yields demonstrable financial returns through
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A former flight attendant has sued the Globe newspaper for $10 million, claiming the tabloid pressured her to have an affair with sports legend Frank Gifford. Meanwhile, best-selling author Stephen King undergoes more surgery, and Brad Pitt speaks out about the media frenzy surrounding his personal life. Filmmaker Kevin Smith&
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A bull was shot and killed by the NYPD in Astoria, Queens after it charged down a street, while Disney's "Tarzan" dominated the US box office with an estimated $34.1 million. Meanwhile, the New York Knicks face a tough challenge in the NBA Finals against
Diversified companies
Disney's latest animated epic, "Tarzan," breathes new life into the classic jungle adventure by infusing it with a hip and modern twist. The movie follows the story of Tarzan, a young man raised by apes in the jungle, who must confront his human identity and decide
Diversified companies
Sears, Roebuck and Co., in partnership with the Amateur Athletic Union (AAU) and Disney's Wide World of Sports(TM) complex, has launched the Sears Excellence Award Recognition Series, a program that recognizes and rewards young athletes for excelling in athletics, academics, and community service. The program will honor
Diversified companies
The merger between Honeywell and AlliedSignal marks a significant shift in the global engineering and electrical equipment industries. Under the leadership of Michael Bonsignore, Honeywell's chairman, the new conglomerate will boast a combined revenue of $23.5 billion, with ambitions to become a major player in acquisitions and
Diversified companies
AlliedSignal Aerospace has been chosen by Lockheed Martin to provide the Up-Front Control Display and integrated Control Panel for its U-2S aircraft. This advanced system will be installed in 35 U-2S aircraft over five years, enhancing navigation and communication capabilities for pilots. The U-2S aircraft, designed for high-altitude data collection,
Diversified companies
Newport News Shipbuilding Inc.'s potential merger with Avondale Industries Inc. has been put on hold after the latter accepted a stronger cash offer from Litton Industries Inc. worth $529 million. Avondale has agreed to merge with Litton, abandoning its previous agreement with Newport News, due to the latter&
