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Today in the Fortune 500: GE to buy Converteam, BP employees could face manslaughter charges and eBay encroaches on Amazon's online turf
March 29, 2011: 11:17 AM ET
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GENERAL ELECTRIC'S ENERGY UNIT EXPANDS with the coming $3.2 billion purchase of power conversion company Converteam. The deal, which is expected to close in the third quarter of 2011, should help GE Energy manufacture more efficient, eco-friendly products. According to GE (GE), the $30 billion energy efficient equipment manufacturing market is growing faster than the global economy. [New York Times]
BP EMPLOYEES MAY FACE MANSLAUGHTER CHARGES Federal prosecutors are reviewing evidence from investigations into the BP (BP) oil spill to determine whether BP managers can be charged in connection to the deaths of the 11 workers killed in the Deepwater Horizon rig explosion. [Bloomberg Businessweek]
TAKING ON AMAZON EBay is planning to spend $2.4 billion on a company that could encroach on some of Amazon's (AMZN) online retail turf. The company, called GSI Commerce, Inc., helps retailers with their websites. Buying it would give eBay access to order fulfillment and shipping for brands that GSI works with including Timberland, Mattel and Major League Baseball. [Wall Street Journal]
MUSIC IN THE CLOUD Amazon just rolled out a new cloud-based music player that will let users download up to 1,200 tracks and play them on several devices. The service is aptly called Cloud Player, and it marks the first time a big technology company has offered something like it. [BBC]
OPEN A NEW WINDOW Microsoft (MSFT) has been struggling to provide fresh, consumer-facing products and services. CEO Steve Ballmer's devotion to Windows may be part of the problem. [Fortune]
BACK IN THE MORTGAGE GAME Big banks sent a new list of mortgage-servicing standards they would uphold to government officials on Monday. Government officials will meet Wednesday to hash out the terms with representatives from Bank of America (BAC), JP Morgan (JPM), Wells Fargo (WFC), Citigroup (C) and Ally Financial's GMAC unit. [Wall Street Journal]
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Today in the Fortune 500: Target, Wal-Mart pressure Amazon on taxes, Pepsi loses out to Diet Coke and pushes dips abroad
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
PAY UP The campaign to make Amazon collect sales taxes is growing stronger. Big-name stores including Target (TGT), Best Buy (BBY), Home Depot (HD), Wal-Mart (WMT) and Sears Holdings (SHLD) are joining a group called MORE
Mar 17, 2011 10:18 AM ETPosted in: Amazon.com, AMD, Coca-Cola, Diet Coke, Ford, Fortune 500, Home Depot, Pepsi, Pepsi-Cola, Pfizer, Soda, Target, Wal-Mart -
Today in the Fortune 500: Buffett buys Lubrizol, GE pledges to help Japan and tension builds between BP and its Russian partners
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
BUFFETT BUYS CHEMICAL COMPANY called Lubrizol for $9 billion in cash. It's one of the biggest deals ever for Berkshire Hathaway (BRKA), which, according to CEO Warren Buffett, will spend a significant chunk of its $38 MORE
Mar 14, 2011 10:37 AM ETPosted in: Amazon.com, AMZN, Berkshire Hathaway, BP, Julian Assange, Lubrizol, Rosneft, Russia, TNK-BP, Warren Buffett -
Today in the Fortune 500: More airline fees on the way, BP keeps Algerian assets and the iPad 2 takes to the skies
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
IF YOU THOUGHT AIRLINE FEES WERE RIDICULOUS ALREADY they are only getting more so. Companies including American Airlines (AMR) , Delta (DAL) and United Continental Holdings (UAL) are going to charge for additional services that MORE
Mar 7, 2011 10:04 AM ET -
Today in the Fortune 500: Amazon.com starts streaming, HP sells too few PCs and Google faces antitrust probe
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
AMAZON STEPS UP ITS STREAMING GAME by offering streaming of movies and television shows on the web to certain customers. Amazon.com (AMZN) will allow users who pay $79 per year for the company's "Amazon Prime" MORE
Feb 23, 2011 9:24 AM ETPosted in: AdSense, Amazon.com, AMZN, Cisco Systems, Fortune 500, GOOG, Google, Hewlett-Packard, Kraft Foods, Netflix -
Today in the Fortune 500: Marriott spins off timeshare business, Chevron's Ecuadorian lawsuit and Barnes & Noble poaches Amazon's customers.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
THE WORLD'S LARGEST STANDALONE TIMESHARE BUSINESS is born as Marriott International (MAR) is detaching from its timeshare arm, which has lagged behind the post-recession recovery rate for the MORE
Feb 15, 2011 5:24 AM ETPosted in: Amazon.com, Chevron Corporation, CVX, Ecuador, FedEx, Fortune 500, IBM, Marriott International, Texaco, United Parcel Service -
Today in the Fortune 500: Amazon grows at the cost of profit, Russian oil lures BP and Exxon and Apple, Netflix and Amazon out-stream major retailers.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
THE COST OF GROWTH becoming clear at Amazon (AMZN), which reported better sales for this past year's holiday season than many of its competitors, but disappointing profit. While MORE
Jan 28, 2011 6:53 AM ETPosted in: Amazon.com, Apple, Best Buy, BP, ExxonMobil, Fortune 500, Microsoft, Monsanto, Netflix, Rosneft, Sears Holdings Corporation, Wal-Mart -
Today in the Fortune 500: ITT splits up, Apple's iPad slows PC growth and Intel wants to rule the cloud.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
BREAKING UP IS FOR THE BEST for ITT Corp, which announced plans to split into three spin-off businesses. The company controlled three main channels: insurance, automotive and defense MORE
Jan 13, 2011 8:16 AM ETPosted in: Amazon.com, Apple, Best Buy, Fortune 500, Google, INTC, Intel Corporation, IPad, JPMorgan Chase, Personal computer -
Today in the Fortune 500: the 3-D TV dilemma, Boeing to build satellites with Mexico and the reason Mark Hurd left HP
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
STUCK IN TWO DIMENSIONS 3-D TV manufacturers are scrambling to reach their consumer base. While Amazon (AMZN) reported that its its two top two best-selling big sets were 3-D TVs, MORE
Dec 21, 2010 8:49 AM ET
