Goodyear sued over Concorde
HOUSTON-The families of five crew members on the ill-fated Air France Concorde that crashed July 25, 2000, have filed suit against Continental Airlines and Goodyear, seeking unspecified damages.
The Concorde crashed shortly after takeoff, killing all 109 on board and four on the ground, after shards from an exploded tire punctured a fuel tank and the plane burst into flames.
The suit, filed by San Mateo, Calif.-based O'Reilly, Collins & Danko, contends Continental Airlines is liable, because a 17-inch metal wear strip allegedly fell off a Continental DC-10 about five minutes before the Concorde took off.
Investigators concluded this strip of metal punctured a tire on the Concorde's main landing gear, causing it to explode. Goodyear supplied tires to Air France for the Concorde.
Ford quarterly loss hits $752 million
DEARBORN, Mich.-Costs associated with recalling more than 2.5 million cars and light trucks to replace their Firestone tires dragged Ford Motor Co. $752 million into the red in the second quarter. Ford earlier announced it expected the recall of 13 million Firestone tires would result in after-tax costs of $2.1 billion.
``Our decision in May to replace 13 million potentially unsafe Firestone tires was an unprecedented action,'' said Jacques Nasser, president and CEO. ``Although we're disappointed it resulted in a second quarter loss, it was the right thing to do for the safety and trust of our customers.''
Ford's loss in North America, where the bulk of the replacement action is taking place, was $1.14 billion vs. earnings of $1.84 billion a year ago.
Open Webs buys software provider
PITTSBURGH-Open Webs Corp. of Pittsburgh has acquired San Francisco-based Blue Tiger Networks, an e-marketplace software provider.
Open Webs, founded in 2000, develops and implements industry-specific peer-to-peer trading communities among manufacturers, distributors and retailers. The addition of Blue Tiger Networks complements Open Webs' technology by providing an ``on-ramp'' to its tradingNetwork-an integrated application suite that is used to build industry-specific networks, Open Webs said.
TradingNetwork, according to the company, is application software that combines point-of-sale and accounting software with Internet-based computer-to-computer connectivity. This allows B2B partners to conduct business directly with each other and puts each company in complete control of the rules by which they conduct business.
Brad Oberwager, CEO of Blue Tiger Networks, has been named CEO of Open Webs, succeeding Wes Lucas who will remain as board chairman. Blue Tiger will relocate to Pittsburgh.
Smithers donates Texas test track
PECOS, Texas-Smithers Scientific Services Inc. has agreed to donate its Pecos tire and automotive test track to that city's Economic Development Corp. (PEDC). The value of the land was not disclosed.
Smithers in 1987 purchased the 5,800-acre testing facility site from the former Uniroyal Goodrich Tire Co., which had used it for tire development purposes. Akron-based Smithers closed its testing operations there in May due to inadequate business volume.
``We are delighted Smithers agreed to give us this land and the opportunity to utilize its resources for the betterment of the community,'' said Gari Ward, PEDC president. ``These resources include access to the existing water system on the land for possible use by the town of Pecos City and Reeves County, Texas.''