BUSINESS
By DALLAS MORNING NEWS | February 22, 2006
DALLAS -- David Edmondson leaves RadioShack Corp. with a black eye for enhancing his resume. His reputation also took a blow from the 25 percent plunge in the retailer's share price during his nine-month tenure as chief executive. But a payout of about $1.5 million in cash and stock could help ease the pain. That kind of money grates on people unaccustomed to the golden handshakes, golden handcuffs, golden parachutes and multimillion-dollar compensation packages that are commonplace in executive suites.
BUSINESS
By BRENDAN M. CASE and BRENDAN M. CASE,THE DALLAS MORNING NEWS | February 21, 2006
DALLAS -- RadioShack Corp. chief executive David J. Edmondson resigned yesterday, after a tumultuous week in which he admitted to "misstatements" on his resume, announced sharply lower earnings and said the embattled chain may be forced to close up to 700 stores. Claire H. Babrowski, a former McDonald's Corp. executive who joined RadioShack last year as chief operating officer, was promoted to acting chief executive, the electronics retail chain said. She will oversee the troubled company's turnaround plan, which Edmondson unveiled last week.
BUSINESS
By BRENDAN M. CASE and BRENDAN M. CASE,THE DALLAS MORNING NEWS | February 18, 2006
DALLAS -- RadioShack Corp.'s troubles deepened yesterday, as the electronics retailer announced it would close up to 10 percent of its 7,000 stores after a report of weak fourth-quarter earnings. At an investment conference at RadioShack's Fort Worth, Texas, headquarters, where the news was released, president and chief executive David Edmondson apologized to investors over "misstatements" on his resume. Edmondson vowed to reverse the company's fortunes with an 18-month turnaround plan to slash costs and replace slow-moving goods with hot sellers.
FEATURES
By Kevin Hunt and Kevin Hunt,Kevin Hunt writes for the Hartford Courant | September 24, 2005
A real home-theater pro would never consider putting a plasma or LCD or any other kind of wide-screen HDTV set in his luxurious screening room. No, true gearheads use a projector and an oversize, drop-down screen. It's the closest they can get to a real movie theater. Not long ago, these projectors cost $8,000 and upward. With improvements in Texas Instruments' Digital Light Processing technology - which uses a spinning color wheel and thousands of micromirrors to create a picture - a high-definition projector now costs half that.
BUSINESS
By BLOOMBERG NEWS | January 4, 2003
Walgreen Co.'s first-quarter earnings rose 25 percent as the largest U.S. drugstore chain added stores and increased sales of prescription drugs. Net income of $231.6 million, or 22 cents a share, compared with $185.9 million, or 18 cents, a year earlier, the company said. Sales in the quarter that ended Nov. 30 increased 14 percent to $7.48 billion from $6.56 billion. Walgreen boosted spending on promotions to keep customers from switching to rivals such as Wal-Mart Stores Inc., supermarket chain Safeway Inc. and drugstore chains offering discounts.
ENTERTAINMENT
By Margo Harakas and Margo Harakas,SPECIAL TO THE SUN | January 2, 2003
Americans are increasingly unplugged, using on average five cordless electronic products every day. In just three years, says Ralph Mallard, executive vice president of the Rechargeable Battery Recycling Corp., America's reliance on cordless electronics has increased nearly 75 percent. Everything from cell phones, camcorders and laptop computers to razors, toothbrushes and remote-controlled toys are powered by rechargeable batteries. That means a heap of toxic material, including cadmium and lead, to dispose of once the batteries are spent.