Shares of FTD.com plunged more than 32percentt yesterday after its owner said it would combine the Internet florist with its parent company, FTD, a telephone florist, to make a single, publicly traded company housing all FTD businesses.
McKesson said it would combine its own medical surgical business with the operations of PSS to offer medical supplies and other services to health care professionals.
H&R Block said it would combine its H&R Block At Home digital business and the TaxACT business into a single unit led by TaxACT management.
The company, a major electronics manufacturer, also said it would combine its space systems business with that of Toshiba in a joint venture next year.
PITNEY BOWES, Stamford, Conn., which makes postage meters, said it would combine its United States and international mailing businesses to reduce costs.
Broadwing also said it would combine its 11 Web-site-operating centers into three offices, in Cincinnati Austinn, Tex.; and Newark, Del.
The appointment comes after G.E. said Thursday that it would combine its lighting and appliance units into a new unit, GE Consumer Products.
The Kimberly-Clark Corporation said yesterday that it would combine its North American and European personal-care products and tissue units as part of a reorganization.
Lockheed also said it would combine its readiness and stability operations and Savi Technology units with its simulation, training and support business, and rename them Global Training and Logistics.
Also yesterday, Real Networks said it would combine its Rhapsody Internet music player with the pop-culture power of MTV and sell songs over the Verizon Wireless network to mobile phones and other handheld devices.
Ford Motor said today that it would combine its car and truck engineering groups as it streamlines operations and cuts costs after a string of setbacks, including another round of recalls.
