More in The IndustryWeek U.S. 500

Mar. 7, 2013

Article

Icahn Tells Dell Board He Opposes Buyout Plan

Icahn, in a letter made public by the company's board of directors, said the plan to take the company private in a $24.4 billion buyout led by founder Michael Dell "is not in the best interests of Dell shareholders and substantially undervalues the company."...More
Mar. 7, 2013

News

General Motors Hiring 1,000 IT Workers for New Arizona Innovation Center

The largest U.S. automaker said it expects to hire more than 4,000 new information technology workers over the next three to five years to staff centers in Arizona, Texas, Georgia and Michigan....More
Mar. 6, 2013

News

ExxonMobil Outlines Massive Capital Spending Plan to Boost Output

Oil company projects $190 billion injection will increase output 2% to 3%...More
Mar. 6, 2013

News

EU Says Microsoft Failed to Provide Choice of Web Browser, Issues $730 Million Fine 1

The European Commission said this was the first time it was sanctioning a company for the failure to satisfy a previous EU complaint, making this a "very serious infringement."...More
Feb. 19, 2013

News

Hackers Worm Their Way into Apple

Attack on iPad maker may be tied to series of recent cyber attacks on U.S. technology firms. Meanwhile, new report highlights cyber threats from China....More
Feb. 13, 2013

News

ExxonMobil Extends Arctic Access with Rosneft Deal

Rosneft signed Wednesday an agreement with ExxonMobil giving the U.S. super-major access to seven Arctic fields in exchange for the Russian firm's possible participation in a lucrative Alaskan gas project....More
Feb. 11, 2013

News

Dell Says Buyout Offers 'Immediate Premium for Stockholders'

Dell said Monday its proposed $24.4 billion private equity buyout plan is "in the best interests of stockholders," brushing aside criticism from a key investor that it undervalues the tech giant....More
Feb. 11, 2013

News

Colgate-Palmolive to Take Hit from Venezuela Devaluation

Consumer-goods maker anticipates one-time after-tax loss of $120 million in the 2013 first quarter....More
Feb. 9, 2013

News

Dell Proposal to Go Private 'Grossly Undervalues' Firm, Shareholder Charges

In a letter to the computer maker's board of directors, Southeastern Asset Management said that it would fight the plan....More
Feb. 7, 2013

News

Greenlight Sues Apple, Has Eye on Cash Pile

NEW YORK - U.S. hedge fund Greenlight Capital filed suit against Apple (IW 500/9) Thursday as part of efforts to compel the tech giant to give shareholders more of its huge cash stockpile. Apple responded by saying it has been "in active discussions about returning additional cash to shareholders."...More
Jan. 30, 2013

News

Judge Affirms $1 Billion Award for Apple in Patent Infringement Trial

A U.S. judge refused to toss out a verdict ordering Samsung to pay $1 billion to Apple for patent infringement, but reversed a finding of "willful" violations that could have tripled the award....More
Jan. 25, 2013

News

Smartphone Sales Exploded in 2012

IDC Report shows 712 million smartphone sales in 2012, representing a 44% jump over the previous year....More
Jan. 24, 2013

News

No Answers Yet on Boeing 787 Fire: NTSB

National Transportation Safety Board Chairwoman Deborah Hersman said investigators were working "around the clock" to understand what led to the Jan. 7 fire aboard a parked Japan Airlines 787, as well as a smoking battery that forced the emergency landing of an All Nippon Airways 787 on Jan. 16....More
Jan. 24, 2013

News

U.S. Court Throws Out Bratz Doll Award Against Mattel

Appellate judges say claim was improperly litigated, tell combatants to ‘play nice.'...More
Jan. 17, 2013

Article

IndustryWeek

Is the Dry Season Over for Briggs & Stratton?

Too little water, and then too much. That's a very abbreviated description of the conditions in the United States that tugged at Briggs & Stratton (IW 500/350) in 2012. For the outdoor power equipment company, drought and then flooding had very different results....More
Jan. 11, 2013

News

Car Sales in China Disappoint in 2012, China Automobile Association Says

Slowing domestic economic growth, limits on car numbers and a political row between China and Japan weighed on the Chinese auto market last year....More
Jan. 10, 2013

News

General Motors to Hire 1,000 Workers

General Motors will hire 1,000 high-tech workers to staff a new information technology center near Atlanta...More
Dec. 20, 2012

Commentary

Does Boeing's Engineering Union Have a Death Wish? 1

Instead of posturing for public display, the union should reflect on the fate of other industries where labor refused to acknowledge how conditions have changed in a globalized economy....More
Dec. 19, 2012

News

Treasury to Sell its Stake in General Motors

The Treasury said the move is part of its "continuing efforts to wind down its investments in the Troubled Asset Relief Program."...More
Nov. 28, 2012

News

New Ford COO Fields Eyes Asian and US Growth, European 'Transformation' Plan

Automaker will double participation in some segments in China in next three years....More
Nov. 27, 2012

News

Hewlett-Packard, Former Autonomy Exec Exchange Barbs over Accounting Probe

Mike Lynch, founder of the software group Autonomy, said in an open letter to HP that members of his management team are being unjustly blamed for the huge writedown in the value of the unit which prompted a big quarterly HP loss....More
Nov. 21, 2012

News

Exxon Warns on Nigerian Production after Oil Spill

U.S. oil giant Exxon Mobil's Nigerian subsidiary warned on Wednesday it may not meet production expectations following the shutdown of a pipeline after an oil spill off southern Akwa Ibom state....More
Nov. 15, 2012

News

Dell Profit Drops by Nearly Half in Q3

But Dell said its "enterprise solution strategy" showed positive results with server and networking revenue increasing 11%....More
Nov. 14, 2012

News

Texas Instruments to Cut 1,700 Jobs in Reorganization

Larger customers are 'increasingly developing their own chips' for mobile phones, company says....More
Nov. 10, 2012

News

Lockheed Martin Ousts CEO-in-waiting over Unauthorized Personal Relationship

The company said it took the action after an ethics investigation confirmed the 'improper conduct' which violated the powerful defense contractor's code of ethics....More