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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| December 04, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MEDICAL

Cephalon to buy drug firm Lafon

The biotech will buy the French firm for $450 mil cash. The deal will add 3 cents a share to $1.03 in '02 profit. But that's still a penny below views. Lafon makes the narcolepsy drug Modiodal. Cephalon bought U.S. rights to the drug in '93, selling it as Provigil. Cephalon shares fell 2.71, or 4%, to 70.03.

AEROSPACE

Pratt & Whitney workers strike

More than 5,000 machinists at United Technologies' jet engine unit walked after talks stalled and the old deal ran out. Pension and job security are the main issues. Pratt & Whitney said the four plants affected will keep running with 2,000 salaried staffers.

European jet maker Airbus will freeze prices on spare parts and all customer-service related work for six months to help ...

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