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Business Today

Ratings company sues Nielsen again

By wire services
Published January 12, 2006

In the latest round of court battles over the right to measure television audiences, St. Petersburg television ratings company erinMedia LLC filed a lawsuit in U.S. District Court Wednesday against rival Nielsen Media Research Inc.

The suit accuses Nielsen Media of false advertising and unfair trade practices. In June, erinMedia filed an antitrust suit against Nielsen, accusing the TV ratings giant of using monopoly power to block it. Nielsen officials said in a statement Wednesday they had not received a copy of the latest complaint and could not comment.

Boeing gets big satellite order

Boeing Co.'s long-stagnant commercial satellite business got a boost Wednesday with the announcement of the unit's largest order in nine years - a contract to build three satellites and associated ground systems for Mobile Satellite Ventures Corp. Financial terms were not formally disclosed, but Mobile Satellite Ventures chief executive Alexander Good said the deal was worth between $500-million and $1-billion.

Eisner made $10.1M at Disney last year

Michael Eisner, former chief executive of the Walt Disney Co., received $10.1-million in compensation last year, including a $9.1-million cash bonus, according to the company's annual proxy statement filed Wednesday. Eisner left the company on Oct. 1 after serving as CEO for 21 years.

Apple shares hit high after Intel news

Apple Computer Inc. shares leapt to a record on Wednesday, boosted by its decision to use Intel Corp. microprocessors to help it grab a bigger share of the desktop PC market. Apple shares soared $3.04, or 3.8 percent, to close at a split-adjusted record of $83.90 on the Nasdaq Stock Market Wednesday.

Best Buy promotes Dunn to president

Best Buy Co. Inc. named Brian Dunn as president and chief operating officer on Wednesday, and named a chief executive for the expanding international operation of the nation's largest consumer electronics retailer. Dunn, 45, had been president of North American retail operations at Best Buy. He joined Best Buy as a sales consultant in 1985. Best Buy also named Robert Willett as CEO of Best Buy International, a new position to oversee its growing operation outside the United States.

Visteon closing plants

Visteon Corp., the nation's second biggest auto parts supplier, plans to close three plants and put six up for sale under a restructuring plan announced Wednesday that could affect up to 23 of its facilities worldwide.

[Last modified January 12, 2006, 01:21:24]

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