Technology and the Internet
Bad news for Microsoft Corp.
April 26, 2000
Business
Auto parts maker SPX Corp. said Monday it will cut 1,000 jobs, or 7% of its work force, and close 25 of the offices it acquired with the recent $2-billion purchase of General Signal Corp.
Dec. 29, 1998
SPX Corp. said Monday it will buy General Signal Corp., a struggling industrial company twice its size, in a cash and stock deal valued at $2 billion, or $45 a share.
July 21, 1998
Stocks ended mixed on Thursday, with small-company indicators continuing to reach new highs and technology stocks steaming ahead to their third-straight record close.
March 27, 1998
Industrial products manufacturer SPX Corp. said it will cut 7% of its work force and close 49 facilities during the next year, related to its recent acquisition of Canadian machinery maker United Dominion Industries.
Aug. 2, 2001
Toolmaker Snap-on Inc. said a federal arbitrator ordered it to pay $44 million to industrial products and services company SPX Corp. in a case that involved alleged patent infringement and the hiring of an executive.
Dec. 29, 2001
General Electric Co. said it would buy a fire detection systems business from SPX Corp. for nearly $1.4 billion in cash in a move to bolster its building and security systems unit.
Nov. 16, 2004
Echlin Inc. agreed to be acquired for $3.4 billion in stock by Dana Corp., a bid that topped a 3-month-old hostile $3-billion offer from SPX Corp.
May 5, 1998
Eaton Corp. said Monday that it agreed to sell its automotive vehicle-switch and electronics division to Delphi Automotive Systems Corp., the world’s largest auto-parts maker, for $300 million in cash.
March 13, 2001
Microsoft Corp. agreed to pay $60 million to SPX Corp.’
Dec. 25, 2003