Collins & Aikman to Shut (Crepe Maker) Five Plants, Cut 1,100 Jobs (Update1)
Collins & Aikman to Shut Five Plants, Cut 1,100 Jobs (Update1)
Jan. 5 (Bloomberg) -- Collins & Aikman Corp., a bankrupt auto-parts maker, said it will close five factories in North America and cut more than 1,100 jobs as it liquidates assets.
Cisco branches out with purchase of maker of security software
Cisco Systems announced Thursday that it was moving into the computer security market with an $830 million purchase of IronPort Systems, a privately held maker of anti-spam and antivirus security products.
Rohm & Haas Sells Floralife Unit
Smithers-Oasis Co., a privately held maker of floral foam, said Friday it acquired Floralife Inc. from a subsidiary of chemicals maker Rohm & Haas Co.
European stocks fall on tech weakness
European equities retreated on Friday as weakening commodity markets weighed on resource stocks, while a profit warning from US telecoms equipment maker Motorola (NYSE:MOT) hit Europe's technology sector.
Spansion Seen Missing 4Q Expectations
Flash memory maker Spansion Inc. shares fell in Friday's trading after the company cut its fourth-quarter sales outlook and an analyst speculated the company could miss earnings expectations, too.
Brooks Unit Sale Gets Antitrust Scrutiny
Brooks Automation Inc., which supplies hardware and software to the semiconductor industry, said Friday federal antitrust regulators asked for additional information about the pending sale of its software division to chip equipment maker Applied Materials Inc.
