May 6, 1998
* Newbridge Networks Corp. said AT&T Corp. will use some of its high-capacity equipment that carries voice, data and video traffic in a new communications network for business customers, which may help the Canadian company win larger contracts. The value of the agreement with AT&T wasn't disclosed. * McGraw-Hill Cos. agreed to sell its Information Technology and Communications Group, which includes computer magazines Byte and LAN Times, to CMP Media Inc. for $28.6 million.
July 7, 2001 |
Alcoa Inc., the world's largest aluminum producer, said its second-quarter operating earnings rose 14% to $429 million, or 49 cents a share, four cents better than analysts expected. Alcoa's latest results exclude hefty charges of $144 million for idling plants in the Northwest, where power costs have soared. The Pittsburgh-based company said profit got a boost from cost-cutting and such acquisitions as Reynolds Metals Co. and aerospace maker Cordant Technologies Inc., which it bought last year.
July 17, 1998 |
Its merger plans with Lockheed Martin Corp. now history, Northrop Grumman Corp. will probably seek buyout candidates itself to get bigger, analysts said Thursday. But the Los Angeles-based aerospace concern could also compete effectively without acquisitions, its chief executive said.
April 19, 2000 |
Though still a mid-tier player in a league of aerospace giants, Northrop Grumman Corp. keeps tweaking its operations in search of faster growth--and Wall Street is finally taking notice.