Apple to cut 400 jobs in 3 percent staff layoff
Apple will cut about 400 jobs, roughly 3 percent, mainly in its American marketing and distribution, human resources, and related areas to curb costs. About 280 positions are at its Cupertino headquarters while hiring continues in R&D and other areas. Disney sues Fox over affiliate pressure on cartoons. Texas Air sells stake in System One to GM subsidiary. Tokyo stocks rebound after a sharp drop, while two year Treasury yields rise to 8.50 percent.
MENTIONED IN THIS ARTICLE
San Francisco
Apple Computer Inc
Apple
Cupertino
Calif
Texas Air Corp
General Motors Corp
System One
Texas Air
Electronic Data Systems
U.S
Washington
Treasury
Markets and stock gains push index higher on mixed trading
New York stocks edged up as Tokyo and overseas markets firmed with bargain buying. Dow Jones rose 22.07 to 2605.63 by noon EST, 810 advancers to 469 decliners, 528 unchanged, volume 78.85 million. Boeing? IBM down, GE up, Monsanto up, Pfizer soft amid liability case talk. Kansas City hog quotes steady to lower on Thursday.
MENTIONED IN THIS ARTICLE
American Telephone & Telegraph
IBM
Union Carbide
General Electric
Monsanto
UAL
Pfizer
NYSE
American Stock Exchange
New York
Bet Ahmans
Harbj Pfl
He Heinzs
Hanwell
At&t
Amoco
Lillys
Wat Ve Allied Signal
Baxter
Lubrzl
MerLyn
CentEn
Mobil
Chase
Kroger
Merck
CnsFrt
Nynex
Quaker
Contels
Deere
Pacge
Sallie Mae
Santa Fe
Disney
PepsiCo
Wal-Mart
Emrse
Ve PhilPet
Woolworth
Entergy
Edward D. Jones Co
Exxon
Sears
Pat UnTech
Lee
Rover
Gannett
Rowan
Texaco
Saatchi
Warnut
Adean
Schimb
Bush pushes for liability law to aid competitiveness
The Bush administration urged Congress to pass a federal product liability law to cut transaction costs and create uniform standards. Commerce official Wendell Wilkie II argued the move would boost American business, while Sen. Hollings cited a GAO finding that punitive damages are often overturned. Critics from Consumers Union and Public Citizen warned the bill could impede victim compensation.
MENTIONED IN THIS ARTICLE
Washington
Bush Administration
Congress
Wendell Wilkie II
Commerce Department
Wilkie
Senate Commerce Consumer Subcommittee
Conference Board
U.S
Ernest Hollings
D-S.c
Commerce Committee
General Accounting Office
Hollings
Bush
Beckwith
Council
Beech to Build 211 Air Force Jets for Kansas Jayhawks
Beech Aircraft Corp of Wichita won an Air Force contract for 211 Beechjets to train pilots. Each jet will be named Jayhawk after the Kansas University mascot, with KU Chancellor Gene Budig noting future pilots will train on a fleet of Jayhawks. The TTTS program could add 500 jobs in Wichita and Salina through 1997, with McDonnell Douglas and Quintron Corp as partners.
MENTIONED IN THIS ARTICLE
Beech Aircraft Corp
Wichita
U.S. Air Force
Kansas University
Gene Budig
Air Force
Budig
Air Training Command
Air National Guard
ATC
U.S
Beech
Jim Gregory
Max Bleck
Salina
Bleck
TTTS
Quintron
Beech Aerospace Services
Jackson
Miss
Giese
Congress
Pentagon
Mitsubishi
Japan
Kansas
Also Mentioned on This Page
Apple Computer
Fox Inc
Walt Disney Co
Los Angeles
Fox
Fox Network
Tre Buena Vista Television
Rupert Murdoch
News Corp
Tokyo
Tokyo Stock Exchange
Farmers Co-Op
Lawrence Wheat
Midland Elevator
Wall Street
KC Livestock
Kansas City
David Beckwith
Dan Quayle
Council For Competitiveness
Quayle
National Research Council
Institute of Medicine
Consumers’ Union
Pam Gilbert
Public Tizen
Ralph Nader
Walter Kihm
P.A., Inc
Lennox
Heath
Penn
Rhodes
G Co
Eudora Air Conditioning & Heating Co
Jets
Jayhawks
McDonnell Douglas Corp
Quintron Corp
Virginia
McDonnell Douglas
Cessna
Dean Humphrey
Learjet
Bill Robinson
Jack Giese
Columbia Savings
6Th
Lawrence
Vermont
Iowa
Istrict
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