7. oktober 1997 var en tirsdag under stjernetegnet til ♎. Det var 279 dagen i året. President i USA var William J. (Bill) Clinton.
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Date: 08 October 1997
By Bloomberg News
Bloomberg News
Frontier Insurance Group Inc will acquire Western Indemnity Corp for $48.5 million to bolster its medical malpractice insurance business; Frontier is owned by Galtney Group Inc (S)
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Creative Technology Ltd is in talks to buy Cambridge Soundworks Inc; Creative owns 25 percent of Cambridge Soundworks' stock (S)
Date: 08 October 1997
By Bloomberg News
Bloomberg News
PNC Bank Corp, Pittsburgh, acquires investment counselor Stolper & Co (S)
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Cognex Corp offers to buy Applied Intelligent Systems Inc for $105 million in stock (S)
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Reader's Digest Assn expects loss in its first fiscal quarter because of weak sales and negative impact of dollar's strength on overseas revenue; will take pretax charge of $70 million to discontinue some businesses and cover severance costs for job cuts in Europe and United States (S)
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Alza Corp says it will pay Alkermes Inc $10 million to help company develop its agent to ease delivery of tumor drugs to the brain, and possibly $50 million more pending further studies of agent and regulatory approval; in exchange, Alza will receive option to exclusively market the drug, RMP-7, worldwide (S)
Date: 07 October 1997
By Bloomberg News
Bloomberg News
ARCO Chemical Co unit of Atlantic Richfield will take third-quarter charge of $116 million for plant closings, job cuts and write-offs as part of plan to reduce costs and raise its stock price (S)
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Western Pacific Airlines files for bankruptcy protection a week after scrapping plans to buy Frontier Airlines Inc; is talking to unidentified investor about providing debtor-in-possession financing, intended for companies in bankruptcy court proceedings; suggests it might sue four directors who resigned abruptly on Oct 3, which raised speculation about impending bankruptcy and caused airline's market share to drop more than 60 percent (S)
Date: 08 October 1997
By Bloomberg News
Bloomberg News
Thermo Electron Corp agrees to buy ventilator business of Allied Healthcare Products Inc for $37.5 million in cash (S)
Date: 08 October 1997
By Bloomberg News
Bloomberg News
Loral Space and Communications Ltd agrees to buy Orion Network Systems Inc for about $490 million in stock (S)