Covisint CEO search isn't easy

Article Abstract:

Recruiting the right CEO for online buying exchange Covisint has proven to be a difficult and elusive task. The idea of reporting to Ford, GM and DaimlerChrysler, which created Covisint, seems to deter many potential candidates. Another problem facing Covisint is the FTC's investigation on its antitrust implications. The three car companies created Covisint to channel their annual $240-billion spending budget into a single online exchange. Since then, 30 suppliers have signed with Covisint, including Dana, Lear and ArvinMeritor.

On-Line Information Services, Videotex & Teletext Svcs NEC, Internet services, Online information services, Covisint

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GM has its eye on Russian, Korean deals

Article Abstract:

General Motors (GM) may likely acquire Daewoo after Ford Motors dropped out of the bidding for the South Korean automaker. The acquisition would give GM a strong presence in South Korea's emerging auto market. Daewoo's creditors have previously rejected in Jun 2000, a joint bid by GM and Fiat of $4.8 billion for Daewoo. GM is also close to wrapping up its agreement with Russian automaker AO AvtoVAZ, which makes Lada vehicles. The deal is estimated to be worth $500 to $600 million.

South Korea, Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Automobiles, Automobile Manufacturing, General Motors Corp., GM Daewoo Auto and Technology Company Ltd.

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Deal struck in Seattle newspaper strike

Article Abstract:

Seattle Times Co, producer and distributor of the newspaper, 'Seattle Times,' has reached a settlement agreeament with its striking employees. This could end a 45-day walkout and ensure the workers that they will keep their jobs. The company agreed to allow at least half of the strikers to return to work within three months, and the remaining half to come back within six months. These provisions are included in a contract employees are set to approve on Jan 6, 2001.

United States, Newspapers, Newspaper Publishers, Newspaper publishing

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