Corning Inc

Corning Inc., the world's biggest maker of fiber-optic cable, said Monday that it expects profit for 2001 to miss estimates and suggested more layoffs could be on the way because of slower customer spending. Investors, accustomed to profit warnings from telecommunications equipment makers and other technology companies as the U.

A federal judge ruled that women opposed to a $3.2-billion settlement over silicone breast implants may not sue Dow Corning Corp.'s corporate parents, reversing a bankruptcy judge's opinion that negotiators said crippled the deal.

Corning Inc., the top maker of glass fibers used in high-speed telecommunications, said it will more than double capacity to make light-regulating optical amplifiers to meet demand from customers such as Lucent Technologies Inc.

Corning Inc., the No. 1 maker of the glass used in fiber-optic telecommunications networks, agreed to buy the fiber-optic cable and parts businesses of Germany's Siemens for $1.

Corning Inc., the biggest maker of glass for optical networks, said it ended talks to buy a unit of Nortel Networks Corp. over concern that the proposed $100-billion transaction would hurt sales.

Investors dumped Corning Inc.'s highflying stock Monday on a report that Corning is in talks for a colossal deal to buy Nortel Networks Corp.'s optical-parts unit that serves the Internet industry--but in a way that would give Nortel more than half of Corning's stock.