Advertisement

Also

Share

* AngloGold Ltd. withdrew its offer for Normandy Mining Ltd. and ceded the battle for Australia’s top gold miner to Newmont Mining Corp. Newmont has offered the equivalent of $2.34 billion for Normandy.

* Next Level Communications Inc. said it will reduce its work force by one-third, or 120 people, to conserve cash. The company also said it will report fourth-quarter revenue of $12.4 million, below its previous forecast.

* America West Airlines Inc. said it received a $429-million loan secured by the federal government, ending the threat of a possible bankruptcy filing, and used part of the cash to make an overdue lease payment.

Advertisement
Advertisement