Danaher Steps Up Downsizing, Announces $1.1 Billion Acquisition (Nasdaq)

Danaher Corp. (DHR) plans to step up its restructuring program, eliminating about 3,300 jobs and closing some 30 facilities. At the same time, the industrial conglomerate said it agreed to buy MDS Inc.'s (MDZ) analytical-techonologies business and a 50% stake in a joint venture for $ 650 million.