National News Briefs; Federal Audit Faults Civil Support Program
Date: 05 February 2001
By Bloomberg News
Bloomberg News
Defense Department's inspector general says department has mismanaged three-year-old program to set up specially trained National Guard teams capable of responding to nuclear, chemical and biological weapons attacks (S)
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TYCO AGREES TO BUY SCOTT TECHNOLOGIES
Date: 06 February 2001
By Bloomberg News
Bloomberg News
Tyco International Ltd buys Scott Technologies for about $376 million in stock to add respiratory equipment and services; Tyco's Raychem unit acquires Pyrotenax unit, maker of cables used to insulate pipes, from General Cable Corp for $60 million (S)
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DAVITA REPORTS FEDERAL INQUIRY, AND SHARES PLUNGE
Date: 06 February 2001
By Bloomberg News
Bloomberg News
DaVita shares fall 17 percent after company, which runs kidney dialysis centers, says federal prosecutors asked for information on its billing practices and financial relationships with doctors; DaVita is cooperating and has not been accused of any wrong doing or been subpoenaed; government is investigating whether company offered financial incentives for doctors to refer patients (S)
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LTV TO RESTART BLAST FURNACE AND RECALL 400 WORKERS
Date: 06 February 2001
By Bloomberg News
Bloomberg News
LTV Corp, which filed for Chapter 11 bankruptcy protection in December, is restarting blast furnace at its Cleveland plant and recalling 400 workers because orders have increased (S)
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J. BAKER MOVES TO CHANGE NAME TO CASUAL MALE
Date: 06 February 2001
By Bloomberg News
Bloomberg News
J Baker Inc is asking shareholders to vote to change company's name to Casual Male Corp after completing sale of its footwear business to Footstar for $59 million (S)
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TRICON TO OPEN 100 MORE KFC FRANCHISES IN CHINA
Date: 06 February 2001
By Bloomberg News
Bloomberg News
Tricon Global Restaurants Inc plans to add about 100 new franchises in China for its Kentucky Fried Chicken restaurants to match growth of rival, McDonald's Corp (S)
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WESTPOINT STEVENS LAYING OFF 125 AT 3 PLANTS
Date: 06 February 2001
By Bloomberg News
Bloomberg News
WestPoint Stevens, leading maker of bedding, is laying off 125 people at three North Carolina sites as part of previously announced reorganization (S)
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COMMERZBANK POSTS LOSS
Date: 06 February 2001
By Bloomberg News
Bloomberg News
Commerzbank of Germany records loss of 98 million euros ($92 million) in fourth quarter as retiring chief Martin Kohlhaussen takes charges to slim down bank, hoping his successor, Klaus-Peter Muller, will reap benefits; photo (S)
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HARMONIC TO CUT 100 JOBS
Date: 06 February 2001
By Bloomberg News
Bloomberg News
Harmonic, maker of equipment used to provide Internet service over cable television lines, will cut 100 jobs, or about 10 percent of its work froce, to reduce costs (S)
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CANON PROJECTS PROFIT GROWTH
Date: 06 February 2001
By Bloomberg News
Bloomberg News
Canon Inc, leading maker of office automation equipment, says net income will rise 34 percent to 180 bilion yen ($1.55 billion) this year; Canon aims for sales of 3.12 trillion yen in year ending December 2001 (S)
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