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...just follow the bouncing ball. Price is an activist investor who has made millions buying large chunks of companies and then fomenting change to boost the stock price. He forced the merger of Chase and Chemical banks in 1995. He is currently engaged in a public battle with Dow Jones & Co. as well as ITT. And, oh, yes, little more than a year ago, Price, a 21% owner of Sunbeam, got Dunlap hired as CEO. The pay was right: Dunlap got 2.5 million stock options that, if all could be exercised today, would bring him $70 million. So when Dunlap...
...YORK: Will the market bounce back into steadily-rising mode after another frantic Friday? Most likely. Friday's wild ride-with the Dow giving up as much as 2 percent in value before recovering most of the lost ground-was a symptom of market jitters rather than a sign that the bull run is over. What's the Dow doing now? Check here...
MIDLAND, Michigan: Less than a week after a Louisiana jury ruled that Dow Chemical had misled women about the negative consequences of its silicone breast implants, a subsidiary of the corporation, Dow Corning Corp., today offered to settle out of court for $2.4 billion. 200,000 women worldwide each stand to gain between $1,000 and $200,000, but lawyers for the women say the offer short-changes their clients and ignores thousands of additional plaintiffs...
...effort to guarantee approval, the company said it would up the overall payout if more than two thirds of the women approve the plan. But while Dow offered to cough up the green, it refused to admit its breast-enhancing product causes disease. "We still believe very strongly that the scientific evidence shows there's no connection between breast implants and medical conditions," said Dow Corning CEO Richard Hazleton. A trial, slated to begin later this month, will attempt to determine if the implants are linked to any illnesses...
Jurors must next decide if the implants made the women sick and, if so, what damages they are owed. Dow execs have good reason to worry about facing a multi-billion dollar bill: In December, the company offered up $3.4 billion to settle thousands of cases. A lawyer representing just 300 plaintiffs said that amount was "woefully inadequate...