Short Reports

Tue., Feb. 2, 1999

From Staff

Montgomery Ward & Co. Inc. reached an agreement with a committee of creditors that should let the struggling retailer emerge from bankruptcy proceedings by midyear. Wards has been operating under court protection from creditors under Chapter 11 of the U.S. Bankruptcy Code since July 1997.

Japan’s domestic sales of new cars, trucks and buses fell for the 22nd straight month in January, dropping 6.2 percent from a year earlier to 241,511, producers said Monday.

Melvin R. Goodes, Warner-Lambert’s chairman and chief executive, plans to retire on May 1.

Salt maker Morton International Inc. is being acquired by chemical giant Rohm and Haas in a $4.6 billion deal that will create the world’s second-largest specialty chemical manufacturer.

Microsoft Chairman Bill Gates said his company probably would make another Internet acquisition despite “breathtaking” valuations for Web-related companies.

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Short Reports

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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