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GM's Barra rejects talk of industry consolidation

2015-05-05 22:40:30| Automakers - Topix.net

General Motors Chief Executive Mary Barra said her company doesn't need to get involved in Sergio Marchionne's call for consolidation among carmakers and that it would distract from the strategy she has set forth. Barra's comments come after Marchionne of Fiat Chrysler Automobiles said last week that the industry needed to consolidate to improve returns to shareholders.

Tags: industry talk consolidation barra

West Michigan companies talk about doing business in Mexico

2015-05-05 05:16:36| Furniture - Topix.net

The investment is a sign of how deep the Zeeland furniture maker's roots have burrowed in the country since they were planted a half century ago. Many of the companies Herman Miller is doing business with in the U.S., are the same ones the furniture maker is working with in Mexico.

Tags: in business west companies

KPN CEO revives talk of Belgacom merger

2015-05-03 10:40:00| Telecompaper Headlines

(Telecompaper) Dutch operator KPN is open to a merger with another European player such as neighbour Belgacom, CEO Eelco Blok told Dutch paper Het Financieele Dagblad. Blok noted that the Dutch and Belgian operators have considered a merger before, for the first time around 15 years ago. However, Belgacom is still majority state-owned, and not all recent unions of Dutch and Belgian companies have proven successful, Blok said. The CEO noted that the synergies are all the more relevant now than five or ten years ago, especially as many services are now platform-based, such as IPTV and cloud services for businesses. While KPN has cleared the way with its recently agreed sale of Belgian mobile operator Base, Blok does not expect a deal with Belgacom to happen any time soon. Belgacom's CEO appointed last year, Dominique Leroy, has been skeptical in the past about mergers, saying there are "too many complications". Blok said he is open to joining another European group. "If I can rationalise it to myself, the customers and employees, I have no problem with it," he said. "We have to be realistic and not just think about today, but also how the company will serve customers 5-10 years from now."

Tags: talk ceo merger kpn

Trade talk factions instill doubt about value

2015-05-02 08:27:42| IT Services - Topix.net

Even though at the time in 1993, on the “Larry King Live” show, I had not ruled out the billionaire Ross Perot could be right about the North America Free Trade Agreement, I was on the Clinton administration's side when then-Vice President Al Gore debated Ross Perot. Because NAFTA did not work out as expected by many who supported it, President Obama's support for the Trans-Pacific Partnership raises a big question mark when respected Massachusetts Sen. Elizabeth Warren is against it.

Tags: value talk trade doubt