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Synopsis of business news from selected companies

Acquicor Technology Inc.
Acquicor, a recently organized Delaware blank check company, has registered for an initial public stock offering. The company began trading on the American Stock Exchange under the ticker ACQU.


Acquicor Technology Inc.
The Enron Trial
Enron's former top executives lied to the public about Enron's true financial condition. However, in a surprising turn of events, Mr. Koenig's recent trial testimony may have allowed defense lawyers to showcase the defendants favorably to the jurors.

The Enron Trial
Goodyear
Goodyear is attempting to change our view of how we change our tires. The tire giant has begun a radical overhaul designed to appeal to women. The company hopes that in appealing to women, they'll better serve their core male customers as well.


Goodyear
The Internal Revenue Service
The I.R.S is offering an amnesty deal to firms that made and sold questionable tax shelters. In recent years the I.R.S. has extended similar offers to wealthy investors, but this is the first of its kind to firms that promote tax shelters.

The Internal Revenue Service
Sun Microsystems
Scott McNealy, one of Silicon Valley's longest-serving CEOs, has created a new strategy in order to turn his company around. First, the company announced it will give away most of its software. Next, it rolled out an entirely new line of Web-friendly servers designed for the ever-growing demands of computing on the Web.

Sun Microsystems
Bombardier Inc.
Next year, the company may revive its $2.1 billion C Series aircraft. The Montreal-based company expects to spend another $20 million on the plane this fiscal year to devise a plan that may include outside partners and will review the project's status within a year.

Bombardier Inc.
France Telecom
Europe's second- biggest phone company plans to eliminate as many as 23,000 jobs over three years as profitability declines. The job cuts will come mostly from France and they represent 11 percent of the 203,000-strong workforce.

France Telecom
Nokia Oyj
Nokia, the world's biggest cell- phone maker, and Sanyo Electric Co., the largest handset-battery producer, will form a venture to make mobile phones. The companies plan to make handsets based on the CDMA2000 standard, targeting annual profit of $256 million within two years.

Nokia Oyj
UBS AG
Europe's largest bank by assets reported record fourth-quarter profit. UBS announced that it will begin to invest in areas such as U.S. wealth management and fixed income trading.


UBS AG