Cummins expects to post loss

Article Abstract:

Cummins Inc. is expecting to report a loss for the 2000 fourth-quarter period. The company, which is attributing the loss to a major engine demand decline, is taking a $160 million (179 million euros) restructuring charge.

Sales, profits & dividends, Forecasts, trends, outlooks, Forecasts and trends

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Cummins to Slice Engine-Unit Jobs As Demand Falters

Article Abstract:

Columbus, Ind.-based Cummins Inc. will lay off 350 workers as part of a major reorganization strategy. Cummins, which has reported a falling stock price, has been hurt by a steady decline in the heavy-truck engine market.

Labor force information, Organizational history, Management

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Zurich Financial to sell parts of U.S. subsidiary

Article Abstract:

Zurich Financial has reached a deal to sell part of its Zurich Life unit to Bank One Corp. The deal is valued at $500 million (424.3 million euros).

Acquisitions & mergers, Switzerland, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Banking industry, Mergers, acquisitions and divestments, Company acquisition/merger, Insurance industry, Life insurance industry, Bank One Corp., Zurich Financial Services, ONE, Subsidiaries, divisions and units, Zurich Life

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