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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GLOBAL CROSSING STOCK TUMBLES ON AUDITOR MOVE
Date: 01 May 2004
By Bloomberg News
Bloomberg News
Shares of Global Crossing fall as much as 23 percent after Grant Thornton withdraws its audits for last three years; stock has dropped 68 percent this year; without audited financial results, shares are likely to be delisted from Nasdaq (S)
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CHEVRONTEXACO'S PROFIT ROSE 33% IN FIRST QUARTER
Date: 01 May 2004
By Bloomberg News
Bloomberg News
ChevronTexaco Corp says first-quarter earnings rose 33 percent, to $2.56 billion (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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FORMER T.W.A. EXECUTIVE IS HIRED BY DELTA AIR LINES
Date: 01 May 2004
By Bloomberg News
Bloomberg News
Delta Air Lines names Michael Palumbo, former Trans World Airlines Inc executive, as chief financial officer; he succeeds M Michele Burns, who has resigned (S)
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KEYSPAN PROFIT UP ON HIGHER NATURAL GAS SALES
Date: 01 May 2004
By Bloomberg News
Bloomberg News
KeySpan Corp says first-quarter profit rose 1.8 percent from year earlier, to $246.2 million (S)
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HELEN OF TROY WILL BUY OXO INTERNATIONAL FOR $275 MILLION
Date: 01 May 2004
By Bloomberg News
Bloomberg News
Helen of Troy agrees to buy Oxo International for $275 million from WKI Holding Co (S)
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AMGEN WINS APPROVAL TO USE ARTHRITIS DRUG FOR PSORIASIS
Date: 01 May 2004
By Bloomberg News
Bloomberg News
Amgen wins FDA approval to sell its arthritis drug Enbrel as treatment for psoriasis (S)
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MCI EXPECTS 2004 LOSS AND SALES AT LOW END OF ESTIMATES
Date: 30 April 2004
By Bloomberg News
Bloomberg News
MCI Inc says it will have unspecified loss this year, with sales at low end of its estimates; reports 2003 net income of $22.2 billion because of gain on $35 billion of debt it wiped away as part of restructuring, compared with loss of $9.2 bilion in 2002; sales last year fell 14.7 percent, to $24.4 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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