Allied Signal will pursure AMP despite adverse ruling by judge

Article Abstract:

Allied Signal Inc. said that it will proceed with its planned $9.7 billion hostile takeover of AMP Inc. Federal District Judge James T. Giles ruled that it was unlawful for Allied to have AMP shareholders gain control from the board over AMP's shareholder rights plan. Judge Giles delayed the election of board nominees until Allied stated that "its director nominees have a fiduciary duty soley to AMP." Some shareholders stated they hoped AMP's executives would negotiate a friendly offer for the company.

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Game blocker to be installed on Windows

Article Abstract:

The Microsoft Corp. is working on a product for its next version of Windows that will include software to screen out undesirable computer games for children. Microsoft is working with Internet advisory groups on what features are needed for the software which will be introduced sometime next year. The company is also attempting to work with computer games manufactures to imbed a coded rating system for their games.

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1,000 jobs will be cut by Texaco; cost-trimming moves aim at oil exploration

Article Abstract:

Since Texaco Inc. reported Q3 earnings dropped 58%, it has made plans to save about $200 million per year. Job cuts in the U.S. and the U.K. will effect 1,000 workers. Other economies are expected from the exploration line of business. Not all analysts agree as to the effectiveness of the company's efforts, though.

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