TEXACO JOB CUTS EXPAND: Texaco Inc., which announced last year it was cutting 1,400 jobs to trim costs, revealed that it had actually cut 2,500. A company spokeswoman said she could not specify the job cuts by location except to say they included domestic and overseas positions and about 150 were at company headquarters in White Plains, N.Y. Most of the workers already have left Texaco, she said, and the last 100 or so will be gone by the end of next month.
Berkshire Hathaway Inc.
Billionaire Warren E. Buffett's investment company was hit by poor results from its insurance division, which includes automotive insurer Geico Corp. The results for the quarter ended June 30 reflect the effects of accounting changes and gains on the sale of investments.
2ndQtr Year Ago
Net Income $572-mil $1.18-bil
Per Share $376 $947
Medical Technology Systems Inc.
The Clearwater company's report for the fiscal quarter ended June 30 includes a $1.3-million gain from the disposal of discontinued operations. The company sells drug packaging, provides lab services and develops software for health care facilities.
1stQtr Year Ago
Revenue $3.8-mil $3.5-mil
Net Income $1.35-mil $226,000
Per Share 21 cents 4 cents
Toups Technology Licensing Inc.
The Largo manufacturer said a key development in the quarter ended June 30 was a contract in the Dominican Republic for its PCE waste-to-energy process. Toups began operations in 1997.
2ndQtr Year Ago
Revenue $5.67-mil $109,143
Net Income $1.1-mil -$503,960
Per Share 4 cents -5 cents