August 27, 1996 |
Morrison Knudsen Bankruptcy Plan OKd: The Boise, Idaho-based company said it won court approval of its bankruptcy plan, giving it a green light to swap its burdensome debt for equity and merge with rival Washington Construction Group. Morrison Knudsen Corp., the 84-year-old construction company that built Hoover Dam and other projects, filed for bankruptcy in June, proposing to swap $360 million of debt for new equity and other assets in order to appease debt holders. Highland, Calif.
January 25, 1997 |
Monsanto Co. said Friday that its fourth-quarter earnings rose 1.1%, in line with expectations, to cap a year in which the company moved to shed its remaining chemicals business and establish itself as a dominant force in agricultural biotechnology. Profit from operations rose to $90 million, or 15 cents a share, from $89 million, also 15 cents a share, in the year-earlier period. The results were just short of the 16-cents-a-share forecast by analysts. St.