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August 27, 2002  
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Today’s headlines
Uniroyal files for bankruptcy
The Chapter 11 filing caps a rocky year in which Uniroyal had big losses and laid off more than half of its 160 employees in Tampa.

Stockbroker fraud in investment scam top 10
Securities regulators say some brokers are cutting corners or resorting to "outright fraud" to counter the declining stock market.

Stock swoon fuels housing boom
The record pace of home buying also fuels economic growth and creates jobs in related areas.

Business Digest
HERSHEY SHARES RISE ON BID REPORT: Hershey Foods Corp. shares rose after USA Today reported that Nestle SA is offering about $11.5-billion for the biggest U.S. chocolate-candymaker. USA Today said Nestle made a preliminary bid of $82 to $85 a share for Hershey. Nestle and Hershey spokesmen declined to comment. Hershey shares rose $1.77 to close at $76.80. The Hershey Trust Co., a charitable trust that controls the company, said last month it would put Hershey up for sale to diversify its holdings. State legislators oppose the transaction.


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