Teligent announces loss, job cuts

Article Abstract:

Teligent Inc. posted a $228.2 million (264.6 million euros) loss for the 2000 year. The company also said it was downsizing its labor force by 22% or 780 jobs.

Labor force information

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Teligent affirms bankruptcy plan to face debt

Article Abstract:

Teligent Inc. acknowledged that it is filing for bankruptcy in the United States. The company has reached a interim credit deal with creditors.

Finance

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Webvan Group closes operations, while NCR issues profit warning

Article Abstract:

Webvan Group Inc. has terminated its business and will file for Chapter 11 bankruptcy. Meanwhile, NCR Corp. forecasted lower-than-expected profits for the 2001 second-quarter.

Computer and Office Equipment, Office & Computing Machines, Video Retailing Service, All Other Information Services, Office equipment, Office equipment and supplies industry, Office equipment industry, Cases, Forecasts and trends, Home shopping, NCR Corp., NCR, Bankruptcy, Webvan Group Inc.

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