Time Warner Inc.'s America Online said yesterday that it plans to provide users of its AOL online service with unlimited e-mail storage.
America Online's 28 million AOL subscribers will no longer be limited in the number of e-mail messages, attachments and folders they can save on the company's servers. America Online said AOL is the first online service to offer unlimited storage.
The company also said it will allow customers who use telephone lines to log on through more than one screen name at a time. AOL subscribers use about 80 million e-mail accounts, America Online said.
Gateway CFO Sherwood to retire this year
Rod Sherwood, chief financial officer at Gateway Inc., will retire this year, allowing Chief Executive Officer Wayne Inouye to complete a management makeover at the company, the third-largest U.S. maker of personal computers.
Sherwood, 51, who joined Gateway in October 2002, will help select his replacement and will stay on during a transition, Gateway said yesterday.
Sherwood was the highest-ranking executive to stay with Gateway after Inouye took over in March 2004 from co-founder Ted Waitt. During his three-year tenure, Gateway shifted strategies, moving from a focus on PCs to consumer electronics and back, purchased EMachines Inc., where Inouye was CEO, and closed 188 company-owned stores.
Lowe's plans to expand into Canada in 2007
Lowe's Cos. plans to expand into Canada in 2007 by opening as many as 10 stores in the Toronto area, the home improvement retailer said yesterday.
Lowe's, which trails only Home Depot Inc. in size, said the new stores would create as many as 1,700 jobs. The company's long-term plans include possibly opening as many as 100 Lowe's stores in Canada.
Lowe's operates more than 1,100 home improvement stores in the United States. Home Depot has 1,915 stores, including 120 in Canada.
UAW members favor plan to revive Visteon
United Auto Workers members have voted overwhelmingly in favor of a plan to restructure and revive auto supplier Visteon Corp., the union said yesterday.
UAW members at 15 Visteon facilities ratified the plan by an 88.7 percent majority, the union said. The UAW represents about 17,400 workers at those facilities.
Visteon and its former parent, Ford Motor Co., announced the restructuring plan last month. Under the plan, Ford would take back 24 plants and other facilities in the United States and Mexico and pay more than $1 billion in restructuring costs to help Visteon avoid bankruptcy.
This column was compiled from reports by Sun staff writers, the Associated Press and Bloomberg News.