CAROLCO PICTURES FILES REORGANIZATION PLAN
Date: 17 September 1996
By Bloomberg News
Bloomberg News
Carolco Pictures Inc says it has filed bankruptcy reorganization plan to liquidate its assets and distribute proceeds valued at $90 million to creditors (S)
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GLENAYRE SHARES DIVE 39 PERCENT ON POOR OUTLOOK
Date: 17 September 1996
By Bloomberg News
Bloomberg News
Shares of Glenayre Technologies Inc plunge 39 percent to 52-week low after company says slowing orders and higher costs will keep third-quarter earnings as much as 45 percent below estimates (S)
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SUPERIOR NATIONAL OFFERS $54 MILLION FOR PAC RIM
Date: 17 September 1996
By Bloomberg News
Bloomberg News
Superior National Insurance Group Inc, subsidiary of Superior National Corp, says it has offered $54 million in cash to acquire Pac Rim Holding Corp (S)
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Federal Express Profit Off 18%; Foreign-Business Decline Cited
Date: 17 September 1996
By Bloomberg News
Bloomberg News
Federal Express Corp says its fiscal first-quarter earnings fell 18 percent, to $62 million, because of drop in international business and higher fuel costs (M)
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Net Off at General Mills; Cereal Prices Cited
Date: 17 September 1996
By Bloomberg News
Bloomberg News
General Mills Inc says its fiscal first-quarter earnings fell, as expected, because of lower breakfast cereal prices announced in June; says profit from operations was $126.9 million, compared with $136.9 million in year earlier quarter; after charge of $29.2 million in most recent quarter for accounting change, GM's net income was $97.7 million; sales rose 3 percent, to $1.32 billion (M)
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Dollar Falters as Doubts Grow Concerning Rate Rise by Fed
Date: 17 September 1996
By Bloomberg News
Bloomberg News
Dollar falls against other leading currencies as doubts grow about prospect for Federal Reserve interest-rate increase next week (M)
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Westinghouse Offers Big Buyout at Unit
Date: 16 September 1996
By Bloomberg News
Bloomberg News
Westinghouse Electric Corp offers voluntary buyouts to 4,600 of the 6,600 workers at its nuclear energy systems unit in Monroeville, Pa, where profits have fallen for more than two years because of weaker demand by utilities for equipment and services (S)
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3D0 to Make Only Entertainment Software
Date: 17 September 1996
By Bloomberg News
Bloomberg News
The 3DO Co says it will shift away from video-game systems and make only entertainment software; says it will sell its hardware business or create venture with another company to develop technology based on 3DO's designs; says move is expected to reduce costs by cutting number of employees by a third, to 300 (S)
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'Merger of Equals' Discussion Heats Up for H.M.O.'s in California
Date: 17 September 1996
By Bloomberg News
Bloomberg News
Foundation Health Corp says it is discussing possible 'merger of equals' but refuses to disclose name of other party to talks (M)
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Some Accused of Insider Trading in Duracell
Date: 17 September 1996
By Bloomberg News
Bloomberg News
Securities and Exchange Commission sues unknown buyers of Duracell International Inc, accusing them of engaging in illegal insider trading before it agreed to be sold to Gillette Co; complaint contends that certain investors made $950,000 in profits two days before acquisition was announced by buying call options of Duracell; SEC says it expects to learn soon who investors were (M)
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