AMERISOURCEBERGEN BUYS A RIVAL FOR $160 MILLION
Date: 14 December 2002
By Bloomberg News
Bloomberg News
AmerisourceBergen Corp, leading drug wholesaler, agrees to buy US Bioservices Corp for about $160 million in stock and assumed debt, adding to its specialty pharmaceuticals business (S)
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READER'S DIGEST REDUCES POWER OF ITS BIG SHAREHOLDERS
Date: 14 December 2002
By Bloomberg News
Bloomberg News
Reader's Digest Assn Inc replaces its Class A and Class B shares with new common stock, shrinking voting stake in company's largest shareholders; conversion cuts voting power of Lila Wallace-Reader's Digest Fund and DeWitt Wallace-Reader's Digest Fund to 13 percent from 50 percent (S)
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CIRRUS LOGIC SHARES FALL 28% ON DIMMED SALES OUTLOOK
Date: 14 December 2002
By Bloomberg News
Bloomberg News
Cirrus Logic Inc, maker of semiconductors for DVD and MP3 players, says third-quarter sales will fall short of its forecast, setting off 28 percent decline in its share price (S)
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News That Glows
Date: 15 December 2002
By Clive Thompson
Clive Thompson
Review of year's notable ideas and developments comments on phenomenon of 'ambient information'--newest concept in how to monitor everyday data; Ambient Orb, released this year by Ambient Devices, displays information that you take in subconsciously; instead of blasting the news at you directly, it radiates it in background; photos (S)
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Price Index For Producers Is Off 0.4%; Optimism Up
Date: 14 December 2002
By Bloomberg News
Bloomberg News
Labor Department reports producer price index fell 0.4 percent in November after 1.1 percent rise in October; core prices, which exclude food and energy, declined 0.3 percent after increasing 0.5 percent in October; core Producer Price Index fell at 0.1 percent annual rate for first 11 months of year through November, compared with 0.8 percent pace of increase in period last year; energy prices fell 1.8 percent last month after rising 4.2 percent; gasoline prices fell 9 percent and heating oil costs declined 11.1 percent; Commerce Department reports inventories at factories, wholesalers and stores rose 0.2 percent in October after 0.6 percent increase in September; University of Michigan survey's preliminary sentiment index rose to 87 from 84.2 in November; graphs (M)
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World Business Briefing | Europe: Italy: Clothier In Talks On Sports Unit
Date: 14 December 2002
By Bloomberg News
Bloomberg News
Benetton Group is in talks to sell its Rollerblade brand of in-line skates to Hockey Co of Canada (S)
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The News From Woolybucket
Date: 15 December 2002
By Laura Miller
Laura Miller
Laura Miller reviews book That Old Ace in the Hole by Annie Proulx; drawing (M)
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Motorola Names Security Unit Chief
Date: 14 December 2002
By Bloomberg News
Bloomberg News
Greg Brown, chief executive of Micromuse Inc, is named head of Motorola Inc's security communications unit, succeeding Bob Barnett; Micromuse's chief financial officer Mike Luetkemeyer will also serve as interim chief executive (S)
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Plexus to Post Loss As It Loses Customer
Date: 14 December 2002
By Bloomberg News
Bloomberg News
Plexus Corp will post second-quarter loss and close San Diego plant because customer Powerwave Technologies plans to shift business to rival electronic-components makers; will lay off about 400 employees, or 7 percent of work force (S)
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Coke to End Forecasting Of Earnings
Date: 14 December 2002
By Bloomberg News
Bloomberg News
Coca-Cola Co will stop making earnings forecasts after this quarter; says focusing on profit goals is distractions from longer-term objectives that enhance growth; president-chief operating officer Steven J Heyer names Jose Octavio Reyes to be president and chief operating officer of Coke's Latin American division, succeeding Heyer (M)
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