J.D POWER MAY BE LOOKING FOR A BUYER
WESTLAKE VILLAGE - 10/18/04 - Press sources report that J.D. Power & Associates, the international research firm best known for its surveys of cars and other other consumer products, has hired a firm to explore options that could include selling the privately held company.
The company hired Evercore Partners Inc., an investment firm with offices in New York and Los Angeles, as reported by the Wall Street Journal.
"We're in the early stage and every option is on the table," said Tom Shaver, a senior partner at J.D. Power, adding the company "was mulling whether to raise additional funding for ambitious growth opportunities" that were identified in a recent in-house report.
J. David Power III, a market researcher who had worked for Ford Motor Co. and General Motors Corp., founded the company 36 years ago. He is no longer chief executive, but remains the company's chairman.
J.D. Power, which currently has more than 600 employees worldwide, built its reputation researching consumers' opinions and preferences toward automobiles, surveys frequently quoted by both US and foreign-based automakers.
In addition to automotive surveys, the company conducts product quality and consumer satisfaction research in 15 industries, including telecommunications, real estate, banking, insurance and travel.
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MEXICO LIFTS CALIFORNIA LETTUCE BAN
MEXICO CITY, Mexico – 10/20/06 – The weeks-old ban on California lettuce shipments to Mexico has been lifted after US Department of Agriculture tests for the E. coli bacteria proved negative; California is the country’s leading producer of lettuce with an estimated 70-75% of the total US production of iceberg lettuce and between 80-85% of the leaf lettuce.
NAPSTER ENTERS THE JAPANESE MARKET
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GOOGLE BELGIUM TAKEN TO COURT
BRUSSELS, Belgium – 09/20/06 – Internet search engine Google has been ordered to cease reproducing articles from French-language publications in the news sections of its Belgian website; the court order threatens the company with a fine of $1.3 million daily if it does not comply.
NEW OAKLAND INTERMODAL FACILITY PLANNED
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INTEL MAY LAYOFF THOUSANDS
SANTA CLARA – 09/04/06 – Chipmaker Intel is reportedly planning to announce a massive layoff within weeks that could eliminate as many as 10,000 jobs or one-tenth of the company’s total global workforce; the move was spurred by several financially disappointing quarters and the results of an internal corporate analysis conducted in April.
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