Advertisement

Also

* Motorola Inc. will name former Sun Microsystems Inc. President Edward Zander as its chief executive, a source close to the situation said. Other candidates are Motorola President Mike Zafirovski and Betsy Bernard, former president of AT&T; Corp.

*

* IBM Corp. plans to move several thousand skilled software jobs overseas, company documents obtained by the Wall Street Journal said.

*

* Edwards Lifesciences Corp. agreed to buy Percutaneous Valve Technologies Inc. for $125 million to gain the technology used to implant heart devices without opening the chest.

Advertisement

*

* Robert Mondavi Corp. said founder Robert Mondavi, 90, resigned from the company’s board Friday at the annual shareholder meeting and would remain chairman emeritus.

*

* Britain’s Office of Fair Trading said it was investigating allegations of price fixing by cigarette makers. The firms under investigation include Imperial Tobacco Group, Gallaher Group and British American Tobacco.

Advertisement
Advertisement