August 12, 2026

Business briefs for August 6, 2002

Cox Communications Inc. shares fell 19 percent Monday after the cable-television operator was downgraded by Credit Suisse First Boston and Barrington Research Associates Inc.

GENEVA:

Food and drinks giant Nestle announced today it's buying U.S. food company Chef America, which makes the Hot Pockets brand of frozen sandwich, for $2.6 billion.

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