THREE VERDICTS FOR AMERICAN FLYWHEEL JAR HONEYWELL
Date: 30 November 1996
Honeywell Inc says Phoenix, Ariz, jury returned three verdicts against the company that total $38 million and one verdict in favor of Honeywell for relief to be determined by the court; Honeywell says litigation was between its Satellite Systems Operation unit and American Flywheel Systems Inc over 1993 technology development contract; Honeywell filed suit in September 1994, accusing American Flywheel of failing to pay for work performed; American Flywheel countersued, accusing Honeywell of breaching the contract; Honeywell says it plans to contest the verdicts (S)
Full Article
ROCKWELL AND BOEING SET EXCHANGE RATIO FOR PURCHASE
Date: 30 November 1996
Rockwell International Corp discloses exchange ratio for Boeing Co shares to be issued when Boeing buys Rockwell's aerospace and military business for $3.16 billion in stock and debt; shareholders are to receive 0.042 of a share of Boeing common stock for one Rockwell share (S)
Full Article
U.S. ROBOTICS STOCK GAINS ON NEWS OF DELL PACT
Date: 30 November 1996
Stock of US Robotics climbs on news, announced on Nov 27, that Dell Computer Corp would offer company's new higher-speed modem technology on its Dimension desktop personal computers; faster modems would increase speed at which people could use the Internet; US Robotics stock gains $5.125, to close at $78.625 a share (S)d
Full Article
BARNICKEL EXPLORES SALE OF PETROLITE
Date: 30 November 1996
Petrolite Corp says it will work with its biggest shareholder to explore possible sale of the company; Wm S Barnickel & Co owns 47 percent of Petrolite; two companies also agree to dismiss pending litigation (S)
Full Article
QUAKER STOCK UP ON REPORT OF TALKS ABOUT UNITS' SALE
Date: 30 November 1996
Stock of Quaker Oats Co rises after trade publication Brandweek reports company is in 'substantive talks' with Pepsico Inc about sale of its Gatorade and Snapple beverage divisions; Quaker Oats stock closes at $39.375, up $2.125 a share (S)
Full Article
HOLLINGER BUYS MAJORITY STAKE IN SOUTHAM OF CANADA
Date: 30 November 1996
Hollinger International Inc completes acquisition of 8 million shares in Southam Inc for $160 million (Canadian), or $118 million (US), giving it majority stake in Canada's largest publisher of daily newspapers (S)
Full Article
TYCO INTERNATIONAL TO BUY ELECTROSTAR
Date: 30 November 1996
Tyco International Ltd agrees to acquire Electrostar Inc for about $106 million cash (S)
Full Article
QUINTILES COMPLETES PURCHASE OF INNOVEX
Date: 30 November 1996
Quintiles Transnational Corp completes its purchase of closely held Innovex Ltd for stock and debt worth about 23 percent less than when sale was disclosed; purchase price is $605 million, about $182.8 million less than price disclosed on Oct 7 (S)
Full Article
ONE OF TWO HOLDOUTS BACKS CANADIAN AIR PACT
Date: 30 November 1996
One of two holdout unions agrees to endorse salary-slashing revamping plan that could save Canadian Airlines from bankruptcy; Judy Darcy, president of Canadian Union of Public Employees, says she will recommend that her 2,700 flight attendants approve plan now that she has received assurances that pay cut would affect only workers earning more than $25,000 (Canadian), or $18,500 (US); Canadian Automobile Workers is only union opposed to plan (S)
Full Article
Dismissal of Slovak Editor Called Setback for Press Freedom
Date: 29 November 1996
By JANE PERLEZ
Jane PERLEZ
Prime Min Vladimir Meciar of Slovakia dismisses Tatiana Repkova as editor in chief and publisher of independent daily newspaper (M)
Full Article