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Business briefs

Briefs and news of note.

By Times staff and wires
Published June 22, 2006


Executive arrested on a DUI charge

Frederick M. Friedman, a former vice president and chief financial officer of TDA Industries and Eagle Supply Group, which was one of the country's largest roofing and masonry supply companies until it was bought in 2004, was arrested Monday evening and charged with driving under the influence. Records show Friedman had a blood alcohol content of 0.129 percent. The law presumes impairment at 0.08percent. Eagle Supply Group, founded in Tampa in 1905 and operated from New York City, was purchased by Gulfside Supply.

Wealthy nations' farm support proves costly

The world's richest nations spent $280-billion on farm subsidies last year, making consumers pay more for food and hurting the free flow of world trade, the Organization for Economic Cooperation and Development said Wednesday. The European Union and the United States face pressure to make deeper cuts to farm support to revive a global trade deal that could also open up trade in industrial goods and services. The EU was the biggest spender, paying $134-billion in farm support, well above the $47-billion handed out by Japan and the $43-billion spent by the United States, the OECD said.

Google experiments with new ads system

Google Inc., the most-used Internet search engine, is testing a form of online advertisements where clients pay only when Web surfers click on an ad and buy a product or generate a sales lead. So-called "cost-per-action" ads are being tested on the Google AdSense advertising network. Adding cost-per-action pricing may help companies more effectively track whether their online ad spending is generating sales.

French government pledges help for EADS

The French government will take "all necessary measures" to end the crisis at Airbus parent company EADS, Prime Minister Dominique de Villepin said Wednesday, a week after EADS shares plunged 26 percent on news of further delays to the A380 superjumbo jet. "There are urgent decisions to be taken and they will be taken," Villepin told lawmakers. "The government has decided to take all necessary measures so that EADS gets on top of its production delays."

Sears' towering leader is dead at 93

The man at the helm of Sears, Roebuck and Co. when the retailer built the Chicago high-rise that bears its name died Sunday (June 18, 2006) at his home in Lake Forest, Ill., of complications from pneumonia and heart failure. Arthur H. Wood was 93. Family members say Mr. Wood's signature is on the last beam used to build the Sears Tower. The country's tallest building was completed in 1973.

[Last modified June 22, 2006, 06:04:19]


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