October 13 Biz Minute

Cisco Systems, in its second multibillion- dollar acquisition in less than two weeks, agreed to buy Starent Networks Corp. in a deal valued at $2.9 billion.

The Walt Disney Co. is giving its chain of Disney Stores an extreme makeover, with the concept being led by Apple executive and Disney board member Steve Jobs. The remake of the company's stores will shift the store from a typical retail store to where customers have more of an "experience."
CIT Group, a major business lender that's been devastated by the downturn in the credit markets, said today its chairman and CEO Jeffery Peek will resign at the end of the year.

Officials with Ford Motor Co and the United Auto Workers Union announced today that they have reached a tentative agreement on modifications to the 2007 UAW-Ford labor agreement.

Today Bank of America agreed to share previously undisclosed information related to its purchase of Merrill Lynch with regulators investigating whether the company misled shareholders.... Finally.
Gov. Schwarzenegger has approved two major initiatives that will require utilities to pay consumers for generating extra power and will boost the payoff for certain solar facilities. The 2 bills, AB 920 and SB 32 will go into effect January 1st

Category:

News & Politics

Tags:

• Cisco Systems
• Starent Networks
• Walt Disney
• Disney Store
• Steve Jobs
• CIT Group
• CEO Jeffery Peek
• Ford Motor
• Ford
• UAW
• Bank of America
• Merrill Lynch
• Arnold Schwarzenegger
• Gov. Schwarzenegger
• solar
• AB 920
• SB 32
• United Auto Works