November 6, 2002

Logica agrees to buy rival CMG PLC for 512 million British pounds ($800 million) in stock to create Europe's third-largest computer-services and -software provider; combined company plans to eliminate about 1,400 jobs, or 6 percent of its work force (S)

Election Day special section noted

Scor, largest French reinsurer, ousts its chairman and chief executive, Jacques P Blondeau, because of poor company performance; names Dennis Kessler as successor; photo (S)

More than 80,000 South Korean factory workers go on strike to oppose legislation that cuts work week from five and a half to five days; promise to return to jobs after government promises to postpone action on bill; walkout shuts down Hyundai Motor and Kia Motors, its subsidiary (M)

European Court of Justice strikes down central provisions of aviation treaties among eight countries and US in decision that could radically reshape European airlines industry; ruling finds bilateral agreements negotiated by US and with those countries violated European Union law; court does not say who should negotiate new agreements, though European Commission says it will seek mandate from its members to strike Europea-wide pact with US; airline experts say ruling could eventually propel consolidation of Europe's airline industry; confusion is expected in short run because existing aviation agreements will remain in force until new pact is negotiated, process that could take years; ruling is not expected to affect air fares anytime soon, but they could drop in coming years if more airlines are allowed to compete on same trans-Atlantic routes; chart (M)