DELPHI AND VISTEON REACH A PACT WITH U.A.W.
Date: 30 April 2004
By Bloomberg News
Bloomberg News
Delphi Corp and Visteon Corp reach seven-year agreements with United Auto Workers that let companies pay lower wages and offer fewer benefits to new employees; Delphi says its agreement provides $14-an-hour starting wage for new hires, about half rate of current union-represented workers; Visteon declines comment on pact (S)
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UTI IS PAYING $195 MILLION FOR MEDSOURCE TECHNOLOGIES
Date: 29 April 2004
By Bloomberg News
Bloomberg News
Medical instruments maker MedSource Technologies is acquired by UTI Corp for about $195 million (S)
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READER'S DIGEST POSTS $2.2 MILLION IN EARNINGS
Date: 30 April 2004
By Bloomberg News
Bloomberg News
Reader's Digest Association Inc posts profit of $2.2 million for third quarter ended March 31; net income was 2 cents per share, compared with loss of $4.6 million, or 5 cents per share, year ago (S)
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EATON TO BUY POWERWARE CORP. FOR $560 MILLION
Date: 29 April 2004
By Bloomberg News
Bloomberg News
Eaton Corp acquires Powerware Corp, power systems division of Invensys, for $560 million, gaining units that make backup-power systems and monitoring equipment (S)
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ASSOCIATED BANC-CORP IS BUYING RIVAL WISCONSIN BANK
Date: 29 April 2004
By Bloomberg News
Bloomberg News
Associated Banc-Corp, one of Wisconsin's biggest banks, acquires First Federal Capital Corp for $613 million (S)
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UNION PACIFIC SAYS FIRST-QUARTER REVENUE FELL 62%
Date: 30 April 2004
By Bloomberg News
Bloomberg News
Union Pacific Corp says first-quarter profit fell 62 percent; net income declined to $165 million from $429 million year earlier; revenue dropped 6.1 percent, to $2.89 billion (S)
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EXXON MOBIL'S REFINING EARNINGS HIT A 13-YEAR HIGH
Date: 30 April 2004
By Bloomberg News
Bloomberg News
Exxon Mobil Corp posts $5.44 billion profit, highest first-quarter refining earnings in 13 years; net income fell to 83 cents per share from $7.04 billion, or $1.05 per share, year earlier (S)
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AETNA SAYS PROFIT ROSE 11%, AIDED BY NEW CUSTOMERS
Date: 30 April 2004
By Bloomberg News
Bloomberg News
Aetna says first-quarter profit rose 11 percent; net income rose to $365.8 million from $330 million year earlier (S)
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DOW CHEMICAL TO CUT 3,000 JOBS, CITING RISING COSTS
Date: 30 April 2004
By Bloomberg News
Bloomberg News
Dow Chemical Co will eliminate 3,000 jobs this year; reports sixfold increase in first-quarter profit on growing demand from manufacturers; net income rose to $469 million from $76 million year earlier; revenue rose 15 percent, to $9.31 billion, from $8.08 billion (S)
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PG&E UNIT WINS APPROVAL TO EXIT BANKRUPTCY PROTECTION
Date: 29 April 2004
By Bloomberg News
Bloomberg News
National Energy and Gas Transmission, power-generation unit of PG&E, wins judge's approval of plan to come out of bankruptcy protection by giving creditors control of its 21 power plants, $1 billion of notes and at least $1.2 billion of cash from sale of 1,400-mile natural gas pipeline network (S)
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