Compaq to Cut 15000 Jobs in Digital Takeover
Compaq Computer will lay off about 15,000 Digital Equipment Corp. employees and book a charge up to $2 billion after its $9.6 billion takeover. The cuts amount to roughly 27 percent of Digital 54,000 staff, as Digital narrows losses since its 1980s peak. Digital agreed to the deal with Compaq in January.
MENTIONED IN THIS ARTICLE
Compaq Computer Corp
Digital Equipment Corp
Computer Hardware
Digital
Compaq
Apple unveils new low cost Mac for consumers
Apple Computer Inc re enters consumer market with a $1299 Macintosh in a compact box. The device, named iMac, is slated for mid August availability. Steve Jobs unveiled the computer with a brief quip as the audience saw the new desktop.
MENTIONED IN THIS ARTICLE
Apple Computer Inc
Apple
Steve Jobs
AOL earnings rise as sales surge in quarter
America Online Inc said it earned 18.6 million dollars in the latest quarter, with revenues up more than 50 percent to 693.6 million dollars. The company reported 8 cents a share in diluted earnings, reversing a year-ago loss of 4.7 million dollars or 2 cents a share.
MENTIONED IN THIS ARTICLE
America Online Inc
AOL
Bankruptcy bill would hit families
A group of 25 Democratic senators warned that thousands of mothers and children owed support payments would be deprioritized to credit card debts under bankruptcy overhaul. Spokesmen for Visa and MasterCard and an aide to the bill’s chief sponsor said the legislation would not do so as it advances through the House and Senate.
MENTIONED IN THIS ARTICLE
Congress
Visa
MasterCard
House
Senate
Daimler-Benz Chrysler Merger Talks Shake Auto Industry
Chrysler and Daimler-Benz AG disclosed talks on a potential stock based merger creating a new company with stockholders from both firms. The deal would be the largest manufacturing merger, valuing Chrysler around 31.5 billion dollars and boosting combined sales past 131 billion with over 412,000 employees. The union said it would protect Chrysler members’ interests and push for full details.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Germany
Mercedes-Benz
Daimler-Benz AG
Chrysler
Transac
U.S
Dent Carter
Scott Merlis
Merris Automotive International
Westport
Conn
United Auto Workers Union
Junior Achievement selects officers in Lawrence JA board
Glynn Sheridan of Mercantile Bank was re elected president of the Lawrence Junior Achievement board of directors at a breakfast at Alvamar Country Club. Other officers include Dick Lind of Farmland Industries finance vice president Joe O'Brien of the Golf Course Superintendents Association of America program vice president and Mike Scott of Southwestern Bell secretary. New directors Scott Braden of University National Bank and Mark Schreiber of KPL joined the board as seven more terms were renewed.
MENTIONED IN THIS ARTICLE
Glynn Sheridan
Mercantile Bank
Lawrence
Sheridan
Alvamar Country Club
Dick Lind
Farmland Industries
Joe O'Brien
Golf Course Superintendents Association of America
Mike Scott
Southwestern Bell
Scott Braden
University National Bank
Mark Schreiber
KPL
Mike McGrew
Randy Weseman
Fred DeVictor
Roger Scott
Lind
O'Brien
Clarence Reynolds
Matt Bendler
Karen van Meter
Marty Kennedy
Scott Holzmeister
Pat Anderson
Peggy Leslie
Alan Garcia
Jim Dickey
Brian Douce
Hank Booth
Chuck Wendling
Commodity and livestock market roundup from multiple Midwest hubs
Price quotes from Farmers Cooperative and Midland Elevators for wheat soybeans milo and corn, plus Dodge City Kansas cattle feedlot sales, St Joseph feeder cattle quotations with weights and prices, and Omaha and New York market quotes for hogs, cattle and nonferrous metals.
MENTIONED IN THIS ARTICLE
Farmer's Cooperative Assn
South
Milo
Midland
North
Dodge City Livestock Conpee Crry
Kansas
St. Joseph
St. Josert
Omaha
Neb
USDA
U.S
Kansas economy stays bright amid Asia troubles says Fed official
Mark Drabenstatt of the Federal Reserve Bank in Kansas City asserts Kansas income growth will remain solid through 1998 despite Asia's weakness. He notes a 3.9 percent jobs rise, a tight labor market, and diverse growth sources. Exports drive long term gains with Kansas manufactured exports up over 150 percent.
MENTIONED IN THIS ARTICLE
Kansas
Asia
Mark Drabenstatt
Federal Reserve Bank
Kansas City
Drabenstott
Craig Hakkie
Kansas City Federal Reserve Bank
Washburn University
Drabenstatt
Also Mentioned on This Page
Dow Industrials
S&p
Treasury
America
Merlis Automotive International
Daimler
Buy
Daimler-Benz
Mary Kay Cosmetics
Priscilla McPheeters
Standing
Ramada Inn
Mary Kay
Charleen Koschke
Tonganoxie
Kelli Porter
Prairie Village
Wendy Cross
Topeka
Manssa Lacey
Jounsai
Worp
Piura
Omaha Livestock
New York
London
Handy & Harman
N.Y
the Nations Bank
NationsBank
Nations Bank
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