Thyssen and Fried. Hoesch-Krupp of Germany agreed...
- Share via
Thyssen and Fried. Hoesch-Krupp of Germany agreed to merge their steel operations, effective April 1, and pledged to reduce their work force by 8,000 through voluntary departures or transfers rather than layoffs. . . . Staples Inc. and Office Depot Inc. agreed to sell 63 stores to OfficeMax Inc. for about $109 million. The move is designed to help win regulatory approval for Staples’ proposed $4.3-billion purchase of Office Depot. . . . IBP Inc. of Dakota City, Neb., the nation’s largest meatpacker, agreed to buy Oklahoma City-based Foodbrands America Inc. for $640 million. . . . Daimler-Benz, Germany’s largest company, reported net income of $1.7 billion in 1996, contrasted with a 1995 loss of $3.38 billion. . . . A judge in New York has dismissed an antitrust suit filed by financier Carl Icahn’s Las Vegas-based travel agencies over the sale of TWA tickets.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.