Bomb Suspect's Lawyer Says Paper Stole File
Date: 04 March 1997
Stephen Jones, lawyer representing Timothy J McVeigh, one of two defendants in '95 Oklahoma City bombing, says incriminating document used as basis for article by Dallas Morning News was stolen from defense computer files (S)
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APPLE CHAIRMAN TO ANNOUNCE DETAILS OF REVAMPING
Date: 05 March 1997
By Bloomberg News
Bloomberg News
Apple Computer Inc chairman Gilbert F Amelio tells employees that he will announce details on March 14 of company's long-awaited plan to cut jobs and costs; Apple is trying to reduce expenses by $400 million, or 25 percent, as its sales plummet (S)
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SEARS, ROEBUCK AND MAXSERV SETTLE ON ACQUISITION PRICE
Date: 04 March 1997
By Bloomberg News
Bloomberg News
Sears, Roebuck & Co agrees to buy shares of Maxserv Inc that it does not already own for $7.75 a share, or $40 million, ending two months of negotiations over a fair price for Maxserv, appliance maintenance company (S)
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COR THERAPEUTICS SAGS AFTER PANEL VOTES AGAINST DRUG
Date: 04 March 1997
By Bloomberg News
Bloomberg News
Shares of Cor Therapeutics Inc drop nearly 24 percent after company's experimental heart drug Integrilin failed to win backing of Food and Drug Administration advisory panel on Feb 28; shares fall $2.9375, to $9.375 (S)
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ADT SPURNS SWEETENED OFFER FROM WESTERN RESOURCES
Date: 04 March 1997
By Bloomberg News
Bloomberg News
ADT Ltd rejects sweetened offer from Western Resources Inc, saying it remained too low; Western raised cash portion and lowered the amount of stock in $3.5 billion hostile bid; new offer is for $12.50 in Western stock and $10 in cash for each ADT share, instead of $15 in stock and $7.50 in cash (S)
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HICKS, MUSE OFFERS TO ACQUIRE BRITAIN'S FORWARD GROUP
Date: 04 March 1997
By Bloomberg News
Bloomberg News
Hicks, Muse, Tate & Furst Inc bids $210 million for Forward Group of Britain to build its electronic manufacturing businesses (S)
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GREENWICH STREET TO ACQUIRE TELEX COMMUNICATIONS
Date: 05 March 1997
By Bloomberg News
Bloomberg News
Greenwich Street Capital Partners Inc, private equity fund, agrees to buy Telex Communications Group, closely held maker of multimedia communications products, for $275 million in cash and $100 million in assumed debt (S)
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SFX Broadcasting Deals
Date: 05 March 1997
By Bloomberg News
Bloomberg News
SFX Broadcasting Inc completes acquisitions of three radio stations in Texas and Connecticut for combined $66 million; company buys KQUE-FM and KNUZ-AM in Houston for about $41 million from Texas Coast Corp, and WWYZ-FM in Hartford for $25 million from Gilmore family (S)
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Plunge in Profits For Pohang Iron
Date: 05 March 1997
By Bloomberg News
Bloomberg News
Pohang Iron & Steel Co says its profits tumbled 25.7 percent last year because of slumping product prices and foreign exchange losses; profit fell to 624 billion won ($743 million); sales rose 2.8 percent, to 8.45 trillion won (S)
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France to Lose Jobs In Renault Cost-Cutting
Date: 04 March 1997
By Bloomberg News
Bloomberg News
Renault SA says it is preparing job cuts in France in acceleration of cost-cutting program begun last week when car maker announced that it will close its Belgian factory; plan is expected to involve cutting 3,000 jobs at Renault's four plants in France; that just about matches 3,100 job cuts planned in Belgium, where Renault will close its plant in Vilvoorde (S)
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