-- Hasbro will consolidate its toy operations, laying off 700 and taking a $10 million hit.

-- Let the computer price wars begin. Compaq slashed prices on PCs by up to 22%.

-- Thinking Machines, admitting it has no white knight, filed for bankruptcy.

-- It's official: Anheuser-Busch wins sole beer ad rights for the 1996 Summer Olympics.

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