The Ticker A Look Back At The Past Week On Wall Street

What’s Hot

Appliance-maker Whirlpool announced plans to cut 4,700 jobs and sell off a business as part of a corporate restructuring. The moves are expected to save the company $180 million annually by the year 2000. Whirlpool, based in Benton Harbor, Mich., will sell its financing business to San Francisco-based Transamerica for $1.35 billion. On Thursday its stock price jumped $8.06 to finish at $64.88 on the NYSE. The stock closed Friday at $65.19 a share … Later in the week, Memtec, an Australian water filter maker, rejected a $330 million offer from U.S. Filter of Palm Desert, Calif., to buy the company. Memtec called the bid “woefully inadequate.” On Thursday, Memtec’s stock jumped $9.50 a share to close at $34.13 on the NYSE. On Friday, the stock closed at $33.13.

What’s Not

Earlier in the week 3DLabs, based in San Jose, Calif., saw its stock fall $9.63 a share to close at $37.13. The Dow Jones News Servive reported that UBS Securities and Robertson Stephens had downgraded their rating on 3DLabs, a supplier of graphic semiconductors and software. UBS discredited speculation that 3DLabs would be a likely takeover candidate for Intel. On Friday, 3DLabs’ stock closed at $36 a share on the NASDAQ.