Also . . .
- Share via
* Polycom Inc. agreed to buy rival PictureTel Corp. for about $362 million in cash and stock in a deal that would create the largest maker of video- and audio-conferencing devices.
*
* Mark Goldstein stepped down as chief executive of Kmart Corp.’s BlueLight.com unit and will become an Internet advisor for the retailer. A replacement has not been named.
