IMPERIAL CREDIT REJECTS A RIVAL'S BID
Date: 22 September 1998
By Bloomberg News
Bloomberg News
Imperial Credit Commercial Mortgage Investment Corp rejects unsolicited bid from rival mortgage real estate investment trust, Wilshire Real Estate Investment Trust Inc (S)
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HARNISCHFEGER ABANDONS SALE OF ITS BELOIT SUBSIDIARY
Date: 22 September 1998
By Bloomberg News
Bloomberg News
Harnischfeger Industries Inc says that slowing economic growth worldwide has forced it to suspend efforts to sell its Beloit pulp- and paper-making machinery subsidiary (S)
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DISNEY AND INFOSEEK TO CREATE NEW INTERNET DIRECTORY
Date: 22 September 1998
By Bloomberg News
Bloomberg News
Walt Disney Co and Infoseek Corp say they are developing new Internet directory called Go Network, to be introduced later this year, as Disney looks to reach bigger on-line audience (S)
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BREED TECHNOLOGIES PLANS HIGHER WRITE-DOWNS
Date: 22 September 1998
By Bloomberg News
Bloomberg News
Breed Technologies Inc to report increased write-downs and higher operating income in its restated fiscal second-quarter earnings; company says write-down of good will will rise to $81.9 million from previously reported $77.6 million in quarter ended Dec 31, 1997 (S)
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KAUFMAN AND BROAD REPORTS 85% INCREASE IN PROFIT
Date: 23 September 1998
By Bloomberg News
Bloomberg News
Kaufman and Broad Home Corp says fiscal third-quarter earnings rose 85 percent; net income for period ended Aug 31 rose to $28.1 million from $15.2 million in year-earlier period; revenue rose to $659 million from $469 million (S)
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TYCO INTERNATIONAL TO ADD MEDICAL PRODUCTS MAKER
Date: 23 September 1998
By Bloomberg News
Bloomberg News
Tyco International Ltd agrees to buy Graphic Controls Corp, maker of disposable medical and surgical products, from investment group Bessemer Holdings LP for $460 million in cash (S)
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COOPER CAMERON WARNS ON EARNINGS AND PLANS LAYOFFS
Date: 23 September 1998
By Bloomberg News
Bloomberg News
Cooper Cameron Corp, maker of oil and natural gas equipment, warns that earnings will fall below estimates in third and fourth quarters and that company will cut about 500 jobs as Asian economic troubles reduce sales (S)
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SALES IN ASIA WILL BE LOWER THAN EXPECTED, COMPAQ SAYS
Date: 23 September 1998
By Bloomberg News
Bloomberg News
Compaq Computer Corp says sales of its personal computers in Asia will be lower than expected this year because of region's economic crisis; company is cutting prices to shed its leftover models and is reigning in costs at Digital Equipment, which it acquired in June (S)
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CABLETRON SEES PROFITS SLUMP 75% IN 2D QUARTER
Date: 23 September 1998
By Bloomberg News
Bloomberg News
Cabletron Systems Inc says second-quarter profit tumbled 75 percent; net income for quarter ended Aug 30 fell to $14.6 million from $57.6 million a year earlier (S)
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WATSON PHARMACEUTICALS TO BUY U.S. RIGHTS TO 3 DRUGS
Date: 23 September 1998
By Bloomberg News
Bloomberg News
Watson Pharmaceuticals Inc will acquire US rights to three lines of birth control drugs produced by G D Searle & Co for $120 million in cash; it is buying rights to Tri-Norinyl, Norinyl and Brevicon (S)
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