BNET Daily Dispatch: Chrysler, Clear Channel, Dell, and Sony
- Chrysler Group said it would invest $1.8 billion in new and expanded factories in Michigan to remain competitive. Earlier this month, DaimlerChrysler said that it's in talks to sell Chrysler after it lost $1.5 billion in 2006. Chrysler said it made the move becaus
- In hopes of wooing key investors, buyout firms Thomas H Lee Partners and Bain Capital have bumped up their bid to buy Clear Channel to $19.5 billion. Clear Channel's management urged shareholders to take the deal. But it's still not clear whether shareholders will accept the higher bid.
- Dell continued to lose market share in the PC market to Hewlett-Packard, Apple and to oversees rivals like Lenovo and Acer, according to a study released yesterday. Dell is still the No. 1 PC vendor in the U.S., but just barley. It beat Hewlett-Packard by 1.3 percent. Dell's slip in market share stems from its focus on sales to large American companies, which was a weak spot for PC sales.
- Sony said today that it's slashing jobs in Europe to become more competitive. The company did not say how many positions it would cut. Sony's PlayStation 3 has struggled against rival consoles from Microsoft and Nintendo that beat it to the market.