Wednesday, August 23, 2000
Business Digest
Firestone races to replace tires
NASHVILLE, Tenn. — Bridgestone/Firestone Inc. will ship tires from its Japanese manufacturing plants to expedite the replacement of 6.5 million tires recalled in the U.S., officials announced Tuesday.
The National Highway Traffic Safety Administration said it was investigating 62 deaths and more than 100 injuries possibly linked to the recalled tires.
The recall is expected to cost about $350 million.
E-mail leads to firings
HOUSTON — Dow Chemical Co. will fire about 40 employees for allegedly violating the company's e-mail policy by circulating violent or explicit material.
Dow says the firings follow a review of 6,000 e-mail accounts conducted after a worker complained about offensive e-mail. A review at Dow's headquarters in Midland, Mich., led to 50 firings.
Drkoop gets new CEO
AUSTIN, Texas — Drkoop.com Inc., a money-losing health-information Web site co-founded by former U.S. Surgeon General C. Everett Koop, said it appointed a new management team and had received $20 million in equity financing.
Drkoop.com said it named Richard Rosenblatt to succeed Donald Hackett as chief executive. The new management will try to shore up the troubled company, which it said Monday was under investigation for possible securities-laws violations.
Nike targets women
BEAVERTON, Ore. — Sneaker industry leader Nike is forming a division to focus on designing and marketing women's footwear, apparel and equipment.
Nike chairman Phil Knight said growing interest in the WNBA and women's soccer, along with the popularity of female Olympians such as Marion Jones, has increased demand for women's sports and fitness products.
Mitsubishi admits cover-up
Federated launches Green Dog brand
Fed eschews interest rate hike for now
Harrah to build office building
Industry notes: Retail
Provident expecting drop in earnings/share
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