The Nordson Corp. Board of Directors has reported that
Chairman, CEO and President Edward P. Campbell, 59, has announced his intention
to retire in early 2010.
Eastman Chemical Co. recently announced earnings from
continuing operations of $0.03 per diluted share for first quarter 2009 versus
$1.46 per diluted share for first quarter 2008.
According to an article in the Business section of today’s New York Times, the
debt plan designed by the Obama administration and the Treasury Department to
save Chrysler could be derailed by some of the company’s 46 creditors who are
unwilling to accept the terms of the agreement, which includes $2 billion in
cash in exchange for the elimination of $6.9 billion in secured debt.
General Motors today presented an updated Viability Plan designed
to speed the reinvention of GM's U.S. operations into a leaner, more
customer-focused and more cost-competitive automaker.
Ford Motor Co., Dearborn, MI,
today reported a first quarter net loss of $1.4 billion, or $0.60 per share.
This compares with net income of $70 million, or $0.03 per share, in the first
quarter of 2008.
The Associated Press reports that sources within General Motors
have revealed that the automaker plans to close most of its U.S. manufacturing plants for as
long as nine weeks this summer because of declining sales and a surplus of
unsold vehicles.
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