SOSTON Digital Equipment looks to expand severance amid slumping market
Digital Equipment Corp reports 39 percent drop in earnings for the latest year and may greatly expand its voluntary severance to trim payroll and reduce costs. Spokesman Mark Steinkrauss warns about potential quarterly profit, as the company lags IBM in the global computer industry. Credits Drexel Burnham Lambert probe seeks up to 360 million in year end bonuses paid before collapse. Drexel spokesman says bonuses were set in December without knowledge of the firm’s downfall. First City Bancorp of Texas, owed 25 million, labels the payments potentially bankruptcy-creating.
MENTIONED IN THIS ARTICLE
Soston
Digital Equipment Corp
International Business Machines Corp
Mark Steinkrauss
New York
Drexel Burnham Lambert
Drexel
G. Schopf Jr
First City Bancorp. of Texas Inc
Avon to Sell Japan Operations
Avon Products Inc plans to sell its remaining 60 percent stake in Avon Japan to a private Japanese mail order company for 450 million dollars. The move ends Avon’s costly and competitive Japan venture as it exits the market to sharpen efficiency and focus on other regions.
MENTIONED IN THIS ARTICLE
Avon
Japan
New York
Avon Products Inc
Avon Japan
Big Beauty
Tor
En Percet Ote
Crissek
New York Stock Exchange At Week's End
New York AP reports week end trading on the New York Stock Exchange with selected issues showing daily highs, lows, and last prices. The market overview highlights overall activity and closing figures for the period.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NEW York
Ain x Consolidated Trading SaPee
Sowa
Steyn
S&p
Oat
Orwell
Hormel
Nioe Eine
Dow Jones Industrials Bettie Sales
Prilbet
Fea
Tome
Goemar
Banat
Rover
I. Kmart
Kanee
Coron
Troyer
Maine
Stowe Sts
Texaco Sa
Peopoe
Texinet
Texan
Ats
Aed Merck
Timur
Tosco
Vani
Sun Wines
Pia Ugr
Ieee
Eet Nore
Sats Senate
Wadia
Panam
Penniel Mass
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Lun Ana
Wauny Uays
Ano
Bush
S&l
Washington
Bush Administration
Resolution Trust Corp
William Taylor
Red Board
RTC
Stephen J. Katsanos
Stock Exchange
General Accounting Office
National Association of Securities Dealers
U.S
New Orleans
United States
Space
Wilshire
Treasury
Treasury Bond
Nia Commodities ‘Commodities Research
Ze Associated Press
Dow Jones
Jone Law
Aiden
Amrich
Amoco
Rien
Eery Sd
Sanya
Vane & Pitas Belian
Borgen
Rene
S. Eales
Camere
Sane
Ie Seoper
Aston
Cormin
Waar
Bae
Bowen
Enron
Yan
Ferae Wunion
American Exchange
Carter Pools
Polaris
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