Bid for Reptron Electronics is bumped up
By TIMES WIRES
Published February 6, 2007
An Indiana company that seeks to acquire Tampa's Reptron Electronics Inc. has raised its bid from 68 cents per share to 75 cents. Kimball Electronics Group said that four top Reptron investors with a combined stake of 31 percent have already agreed to vote for the merger at Reptron's Feb. 12 special shareholders meeting.
Pepsi CEO will be chairwoman
PepsiCo Inc. said Monday that chief executive Indra K. Nooyi will assume the additional title of chairwoman of the soft drink and snack food company. Nooyi takes the second title effective May 2 at the retirement of former CEO Steven Reinemund. With PepsiCo ranked No. 61 on the Fortune 500, Nooyi ranks No. 2 among 10 female CEOs of the nation's biggest companies. Only Patricia A. Woertz ranks higher as chief of Archer Daniels Midland Co.
Service sector buoys economy
Weakness in the manufacturing sector, especially the auto industry, may be dampening the nation's economic prospects, but the bigger services sector appears to be more than making up for it. The Institute for Supply Management said Monday that its index of business activity in the non-manufacturing sector advanced to 59.0 in January from 56.7 in December. A reading above 50 indicates expansion. January marked the 46th consecutive month of business activity increase, the trade group said. The service industries covered by the ISM report represent about 80 percent of the nation's economic activity.
EchoStar settles dispute with HBO
EchoStar Communications Corp., the parent of the Dish Network satellite television service, said Monday it has settled a dispute with Home Box Office over licensing fees. Details of the agreement to keep Cinemax and HBO on the Dish Network were not disclosed. The announcement comes after HBO, owned by Time Warner Inc., filed a federal lawsuit alleging EchoStar failed to pay fees on time and underpaid license fees or calculated them improperly. With the agreement, HBO dropped the lawsuit and EchoStar dropped a program access complaint filed with the Federal Communications Commission.
[Last modified February 6, 2007, 00:55:33]
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