John J. Edwards III
Merger Monday ended with a post-close announcement that sets up a Merger Tuesday of trading reaction:
agreed to buy
in a $550 million stock deal. The companies said they plan to develop new chip technology for low-cost PCs and information appliances. Cyrix reportedly traded up 2 to 25 1/16 after hours.
Advanced Micro Devices
said it would cut chip prices by as much as 55%. Intel earlier said it would cut prices on its Pentium line by up to 57%.
American Stock Exchange
on Tuesday will begin trading five-year securities based on the new
Major 8 European Index
, a capitalization-weighted measure incorporating the top eight European indices. The market-index target-term securities, or MITTS, are from
expects to be the target of one or more government-contracting investigations, the company said in a
Securities and Exchange Commission
(GTW:NYSE) said its president and chief operating officer, Richard Snyder, is leaving the company to head an entrepreneurial venture capital fund but will remain on the board. The company said it has started looking for a replacement.
Food and Drug Administration
panel rejected a heart laser system from
for the treatment of chronic chest pain.
report that it plans to build a $1.2 billion assembly plant in Ohio. The state offered Chrysler more than $100 million in assistance.
For information on Monday's market activity, see the