OTHER NEWS - Jan. 14, 1994
From Times Staff and Wire Reports
BWIP Shares Plunge on Restructuring News: The stock price of BWIP Holding Inc. tumbled $5 a share to $20.25 after the Long Beach-based maker of pumps and fluid-control equipment announced a restructuring that will result in “significant” onetime charges to its 1993 profit. BWIP said the overhaul includes plans to sell its Fluid Controls group, which makes control systems for missiles and aircraft.
