Short Reports

Tue., Oct. 10, 2000

From Staff

Xerox Corp. slashed its quarterly dividend by 75 percent Monday, to 5 cents per share, citing its recent financial troubles.

Shares of Safeco Corp. fell 5 percent Monday on news that the company expects to miss third-quarter earnings estimates because of unexpectedly high underwriting losses, particularly in its large commercial and home insurance business.

Home goods retailer Williams-Sonoma Inc. said Monday its third-quarter earnings would fall well short of expectations because of slow catalogue sales and depressed margins at its retail stores. Shares of Williams-Sonoma plunged 30 percent on the news.

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Short Reports

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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