CHAIRMAN IS STEPPING DOWN AT CHIQUITA BRANDS
Date: 13 April 2004
By Bloomberg News
Bloomberg News
Chiquita Brands International Inc says Cyrus Freidheim Jr will retire as chairman in May; chief executive Fernando Aguirre will add chairman title (S)
Toistetaan maanantaina 12. huhtikuuta 2004
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12th of April 2004 News
Uutiset sellaisena kuin ne ilmestyivät New York Timesin etusivulle 12. huhtikuuta 2004
MELLON FINANCIAL TO ACQUIRE SAFECO'S TRUST UNIT
Date: 13 April 2004
By Bloomberg News
Bloomberg News
Mellon Financial Corp, manager of Dreyfus mutual funds group, acquires Safeco Corp's trust unit for undisclosed amount (S)
ABBOTT TO GIVE ITS HOLDERS SHARES IN HOSPIRA
Date: 13 April 2004
By Bloomberg News
Bloomberg News
Abbott Laboratories will give stockholders one share of its Hospira hospital-products unit for every 10 Abbott share they own when business is spun off this month; special dividend will be paid on April 30 to shareholders of record as of April 22 (S)
DUPONT LAYING OFF 3,000 AND CLOSING CANADIAN PLANT
Date: 13 April 2004
By Bloomberg News
Bloomberg News
DuPont Co will lay off 3,000 workers, eliminate 950 other jobs and shut down spandex plant in Canada as part of plan to trim annual costs by $900 million; job cuts will be completed by Dec 31; about 70 percent of cuts will be in North Amercia, and most of rest will be in Western Europe (S)
GEORGIA-PACIFIC TO BUY 2 TEMPLE-INLAND FACTORIES
Date: 13 April 2004
By Bloomberg News
Bloomberg News
Georgia-Pacific Corp acquires paperboard and packaging operations of Temple-Inland Inc in California and Delaware for undisclosed amount (S)
World Business Briefing | Americas: Canada: Television Acquisition
Date: 13 April 2004
By Bloomberg News
Bloomberg News
World Business Briefing: Canada: Television Acquisition*
Technology Briefing | Software: S.E.C. Investigating Quovadx Revenue
Date: 13 April 2004
By Bloomberg News
Bloomberg News
Quovadx, software developer that announced restatement in March of third-quarter 2003 results, says Securities and Exchange Commission is formally investigating revenue recorded in third quarter of 2002; restatement will reduce 2003 revenue by $11.3 million; company names Harvey Wagner as acting chief executive and president effective May 1, succeeding Lorine Sweeney, who resigned; graph (M)
Plea in Movie Piracy Case
Date: 13 April 2004
By Bloomberg News
Bloomberg News
Russell W Sprague pleads guilty to federal charges related to Internet posting of copies of first-run movies supplied by Academy Award voter; admits to pirating promotional copies of videos, known as screeners, that are sent to Oscar voters and film critics (S)
Witness Tells Of Debt Deal At Adelphia
Date: 13 April 2004
By Bloomberg News
Bloomberg News
Adelphia Communications former treasury supervisor James Helms testifies that former finance chief Timothy Rigas signed receipt that falsely showed his family used cash to buy $400 million in company debt in January 2002; says receipt said family business paid $395 million in 'immediately available funds' for 3.25 percent covertible subordinated notes (M)
Energy-Related Shares Lead an Increase on Wall Street
Date: 13 April 2004
By Bloomberg News
Bloomberg News
Standard & Poor's 500-stock index gains 5.88 points, or 0.5 percent, to 1,145.20; Dow Jones industrial average increases 73.53 points, or 0.7 percent, to 10,515.56; Nasdaq composite index rises 12.60 points, or 0.6 percent, to 2,065.48; graph; chart (M)