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Daily Memo

InternetCDS offers residential DSL service

InternetCDS has expanded its high-speed digital subscriber line and wireless Internet service to include residential customers, the company announced this week.

A few residential customers have been hooked up, and the company has been offering the high-speed connections to businesses for a year.

The service offers speeds of 256 kilobits per second to 8 megabits per second. It is an always-on connection that doesn't require dial-up. The residential service is $42 a month with a $99 set-up fee.

Klamath First Bancorp to pay 13-cent dividend

KLAMATH FALLS — Klamath First Bancorp will pay a quarterly cash dividend of 13 cents a share on July 17 to shareholders as of July 7, the company announced this week.

Klamath First Bancorp is the holding company for Klamath First Federal Savings and Loan. The dividend brings the company's annualized dividend to 52 cents and provides a yield of 4.5 percent, the company says.

Elmer's wants to add 30 new restaurants

PORTLAND — Elmer's Restaurants Inc. has announced it wants to double in size in the next three years by adding 30 restaurants. The company owns and operates 11 Elmer's restaurants and 10 delicatessen-style eateries under the Ashley's and Richard's Deli and Pub names. Another 18 Elmer's are owned by franchisees.

Chairman Bruce Davis said Elmer's will concentrate on opening company-owned and franchised restaurants in six Western states in which it does business — Oregon, Washington, California, Idaho, Montana and Alaska.NATION

Tyco plans to purchase medical products company

NEW YORK — Tyco International Ltd. late Wednesday announced plans to acquire drug, chemicals and medical-products maker Mallinckrodt Inc. in a stock deal worth $47.50 a share, or about $4.2 billion.

Tyco, an acquisitive conglomerate based in Bermuda but managed from Exeter, N.H., makes a wide range of goods, including electronics components, fire-protection systems and disposable medical supplies. In the past six years, Tyco has acquired more than 120 firms for more than $30 billion. Last fall, the company purchased Praegitzer Industries, which has a plant in White City.

St. Louis-based Mallinckrodt makes medical-imaging products and bulk drugs.

The transaction has been approved by the boards of both companies.

Gannett continues purchasing spree

PHOENIX, Ariz. — Gannett Co., the publisher of USA Today and the nation's largest newspaper group, struck a deal Wednesday to buy Central Newspapers Inc. — owner of The Arizona Republic, The Indianapolis Star and four other dailies — for $2.6 billion.

The sale would end a family journalism dynasty that began with Eugene C. Pulliam, a preacher's son who began delivering newspapers at age 6 and eventually owned dozens of papers. His heirs hold a controlling interest in Phoenix-based Central Newspapers.

The sale is the latest in a wave of mergers, sales and alliances that are transforming the industry as newspapers look for ways to remain profitable in the Internet era.

Before Gannett's latest acquisitions, it owned 74 daily newspapers in the United States and operates 22 TV stations.

From staff and wire reports