Chrysler, Daimler focus on value of stock

Article Abstract:

Daimler-Benz AG and Chrysler Corp. have received approval for their merger from the stockholders of both companies. Industry analysts have said that Daimler-Benz, which is planning to launch a radio and newspaper advertising campaign to promote its stock, is facing an uphill battle to meet the terms of the merger in regard to stock exchanges between both companies. Chrysler and Daimler-Benz executives have been met with lukewarm response from their shareholders at recent corporate meetings.

Comment:

Has recieved approval for its merger with Daimler-Benz AG from stockholders

Acquisitions & mergers, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Licensing/Sales Agreements, Daimler-Benz AG, Chrysler Corp.

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U.S. Office Products posts loss in quarter, after taking charges

Article Abstract:

US Office Products Co. reported a $85.1 million net loss for the fiscal 1998 first-quarter. The company blamed the net loss partly on restructuring charges and falling profit margins. However, US Office said that specific sections of its restructuring plan will probably be less-expensive than was predicted. The comapany's first-quarter ended on July 25, 1998. During the same period in 1997, US Office posted $20 million in net income.

Comment:

Reports $85.1 million net loss for the fiscal 1998 first-quarter

Sales, profits & dividends, Stationery Supplies Whsle, Stationery and Office Supplies Wholesalers, U.S. Office Products Co., Office supplies wholesalers

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Adidas concedes that some soccer balls likely were made by Chinese prisoners

Article Abstract:

Adidas-Salomon AG acknowledged that Chinese labor camp prisoners were used by some of its licensees and subcontractors to manufacture thousands of soccer balls that have the Adidas and Official World Cup logos on them. Adidas claims it had no previous knowledge of the use of labor camp prisoners. The company said that it would stop orders for soccer balls from China temporarily.

Comment:

Acknowledged that Chinese labor camp prisoners were used by some licensees and subcontractors to make soccer balls

Public affairs, Sporting and Athletic Goods Manufacturing, Ethics, Athletic Field Equip NEC, Sporting goods, Adidas-Salomon AG

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