Stories about: Betts

A month after the 15 member nations of the European Union approved a proposed set of data-privacy rules for U.S. companies that do business in those countries, the European Parliament yesterday voted to send the so-called safe harbor agreement back to the negotiating table.

General Motors Corp.'s slumping Saturn Corp. unit wants to kick-start new-car sales by offering to inspect used vehicles that are offered for sale on eBay Inc.'s auction Web site.

General Motors Corp.'s slumping Saturn Corp. unit wants to kick-start new-car sales by offering to inspect used vehicles that are offered for sale on EBay Inc.'s auction Web site.

Sydney-based optical components company Photonic Technologies has sold the rest of its business to one-third stakeholder Nortel Networks, two years after Nortel acquired a share in the company.

Nortel Networks has acquired Sydney-based optical components manufacturer Photonics Technologies. The acquisition is part of a $600 million global initiative by Nortel to invest in the optical components market in areas including systems, equipment, and research and development.

Problems with a new Internet-based order management system continue to haunt Thomas & Betts Corp., which incurred more than $6 million in additional freight, distribution and customer service costs because of the system issues during this year's first quarter.

New York-based Kozmo.com Inc., an online delivery service company, has announced a five-year co-marketing agreement with Seattle-based Starbucks Corp. The deal will garner Starbucks $150 million from Kozmo.com and will provide the Internet retailer with publicity in Starbucks' coffee shops. In return, Kozmo.com will sell Starbucks coffee over the Internet.

Thomas & Betts Corp., a $2.5 billion electrical parts manufacturer, is blaming problems with a new Internet-based order management system for a 50% nosedive in fourth-quarter profits - plus another $42 million in losses caused by order and shipping disruptions.

Thomas & Betts Corp., an electronics components manufacturer in Memphis, blamed problems with a new Internet-based ordering system for $20 million in shipment delays and a nearly 50 percent drop in 1999 income.