MAGNA INTERNATIONAL BUYS DAIMLERCHRYSLER UNIT
Date: 18 May 2004
By Bloomberg News
Bloomberg News
Canadian auto-parts maker Magna International to buy DaimlerChrysler's New Venture Gear unit for about $435 million (S)
Toistetaan maanantaina 17. toukokuuta 2004
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17th of May 2004 News
Uutiset sellaisena kuin ne ilmestyivät New York Timesin etusivulle 17. toukokuuta 2004
INTERMAGNETICS GENERAL TO PURCHASE MRI DEVICES
Date: 18 May 2004
By Bloomberg News
Bloomberg News
Intermagnetics General, which makes parts used in magnetic resonance imaging systems, will buy MRI Devices for $100 million in cash and stock (S)
XTO ENERGY TO EXPAND WITH $1.1 BILLION PURCHASE
Date: 18 May 2004
By Bloomberg News
Bloomberg News
XTO Energy to purchase natural-gas and oil properties in New Mexico, Texas and five other states from ChevronTexaco for $1.1 billion in its largest acquisition ever (S)
TELEFLEX PAYS $460 MILLION FOR HUDSON RESPIRATORY CARE
Date: 18 May 2004
By Bloomberg News
Bloomberg News
Teleflex acquires Hudson Respiratory Care for $460 million in cash (S)
J.P. MORGAN CHASE NAMES DALEY AS REGIONAL CHAIRMAN
Date: 18 May 2004
By Bloomberg News
Bloomberg News
J P Morgan Chase, which plans to merge with Bank One, hires William Daley, former commerce secretary, as chairman of its Midwestern banking division (S)
Technology Briefing | Telecommunications: MCI Suspension Ended For New Jersey Contracts
Date: 18 May 2004
By Bloomberg News
Bloomberg News
MCI, which exited biggest bankruptcy in US history in April, has almost three-month suspension from winning New Jersey government contracts lifted because of improved internal controls; company has been barred from contracts because of accounting scandal (S)
World Business Briefing | Europe: Britain: Utility Bid Rejected
Date: 18 May 2004
By Bloomberg News
Bloomberg News
Britain's Pennon Group rejects bid from investors led by Terra Firma Capital Partners as too low; graph (S)
Tyco Witness Recalls Loans to Top Workers
Date: 18 May 2004
By Bloomberg News
Bloomberg News
Tyco International lawyer Brian Moroze testifies Mark Belnick, former top lawyer at Tyco, was not only employee to borrow from company to cover moving expenses to state where company had no office; Belnick is on trial, accused of taking almost $15 million in improper no-interest loans to relocate from Harrison, NY, to apartment in Manhattan and later to Park City, Utah, where he built house; Tyco has no corporate offices in Utah (M)
NEWS SUMMARY
Date: 18 May 2004
INTERNATIONAL A3-14 Leader of Iraqi Council Killed by Suicide Bomber A suicide bomber killed the president of the Iraqi Governing Council and at least six other people at a checkpoint into the main headquarters for the American occupation forces in Iraq. Two American soldiers and five Iraqi civilians were wounded in the attack, the military said. A1 American commanders said they had discovered an Iraqi artillery shell containing sarin, one of the deadly nerve agents that Saddam Hussein said he had destroyed before the war began last year. A10 The American officer who was in charge of interrogations at Abu Ghraib prison told a senior Army investigator that intelligence officers sometimes instructed military police to force Iraqi detainees to strip naked and shackle them before they were questioned. A1 Interrogators from military intelligence told guards at Abu Ghraib to deprive detainees of sleep or food and would strip detainees and make them sleep naked in their cells, but their orders stopped well short of the graphic abuse seen in the photos, according to testimony from guards and investigators. A14 The Armed Services Committee said it would summon three senior military commanders to testify about the abuse of Iraqi prisoners. A14 India Stock Market Crashes Sonia Gandhi, the Italian-born leader of the Indian National Congress party, will formally stake a claim to be India's next prime minister, party officials said, after the country's stock market recorded its biggest single-day fall amid concerns over the new government's approach to economic reforms. A1 Gambia Rats Sniff Land Mines The Gambian giant pouched rat may be as good a mine detector as man or nature has yet devised. They are abundant, cheap and easily transported. At three pounds, they are too light to detonate mines accidentally. They can sift the bouquet of land-mine aromas far better than any machine. A1 NATIONAL A16-21 Massachusetts Becomes First to Allow Gay Unions Hundreds of gays and lesbians lined city halls from Boston to the Berkshires as Massachusetts became the first state in the nation to allow same-sex couples to marry. A1 The mayor of New Paltz, who brought the same-sex marriage debate to New York state with solemnization ceremonies for 24 gay and lesbian couples in February, defended his action before the state Supreme Court in Kingston. A21 Ruling on Access for Disabled States that fail to make their courthouses accessible to people with disabilities can be sued under federal disability law, the Supreme Court ruled in a significant break from recent decisions that gave the states broad immunity from suit under various federal laws. A16 Bush and Kerry in Kansas President Bush and Senator John Kerry descended on Topeka to celebrate the 50th anniversary of Supreme Court ruling that ended school segregation. A18 Parents Seek Visitation Rights The parents of Terri Schiavo pleaded to once again be allowed unsupervised visits with their severely brain-damaged daughter, saying a police investigation had cleared them of accusations that they were responsible for marks found on her body on March 29. A16 Lawsuit Over an Image Gov. Arnold Schwarzenegger's film production company filed a lawsuit against an Ohio toy maker, contending that the company's $19.95 Schwarzenegger bobblehead doll illegally exploits his image for commercial purposes. A16 OBITUARIES B8 June Taylor The Emmy-winning choreographer whose routines on ''The Jackie Gleason Show'' brought the chorus line into the television age, she was 86. B8 NEW YORK/REGION B1-7 9/11 Panel to Question City's Lack of Preparation Members of the commission investigating the Sept. 11 attacks say current and former city officials in New York will be confronted at public hearings about why New York was not better prepared before Sept. 11 to deal with a catastrophic terrorist attack and why the city is still struggling to coordinate the disaster-response plans of its police officers and firefighters. B1 Elite School Reduces Class Size The principal of Stuyvesant High School, New York City's most sought-after specialized public school, has reduced the size of its incoming freshman class over the last two years even as education officials have been struggling with an acute shortage of seats in desirable high schools. B3 $50 Million Gift to Mark Ruling To mark the 50th anniversary of Brown v. Board of Education, a leading black Wall Street money manager and philanthropist announced that he will give $50 million to institutions and individuals working to improve race relations. B2 FASHION B9 ARTS E1-9 SCIENCE TIMES F1-8 Venus to Cross Face of Sun The world is about to witness a rare spectacle that once launched expeditions to ideal vantage points around the globe and inspired millions of people to stare at the heavens. On June 8, people in the right places on Earth will be able to see Venus move across the face of the Sun in a kind of minieclipse that is visible twice every century or so. The last such occurrence, called a transit of Venus, was in 1882. D1 Health & Fitness F5 BUSINESS DAY C1-14 Stocks Fall, Oil Prices Climb Stock prices fell around the world, and oil prices continued to climb after the leader of the Iraqi governing council was killed by a suicide bomber. The three main American stock market gauges finished the day at new lows for the year. C1 Congressional Democrats stepped up pressure on the Bush administration to ease gasoline prices by releasing oil from the Strategic Petroleum Reserve, but administration officials plan to keep adding to the reserve until some time next year. C11 Lucent Accused of Fraud The Securities and Exchange Commission accused Lucent Technologies and nine former and current employees of fraudulently reporting nearly $1.2 billion in revenue. C1 Business Digest C1 World Business W1 SPORTSTUESDAY D1-7 EDITORIAL A22-23 Editorials: Making votes count: voting machines for New York; more bad news from Baghdad; the global battle against AIDS: progress on pills, and opposition to condoms. Columns: Paul Krugman, David Brooks. Crossword E2 TV Listings E8 Public Lives B2 Weather D8
Technology Briefing | Telecommunications: Siemens To Expand China Operations
Date: 18 May 2004
By Bloomberg News
Bloomberg News
Siemens plans to invest 1 billion euros ($1.19 billion) in China; aims to increase production of cellphones by 40 percent by next year and double sales in China in five years (S)
Star Witness Against the Rigases Found Mostly Relief in Deception
Date: 18 May 2004
By Bloomberg News
Bloomberg News
James R Brown, main government witness at fraud trial of Adelphia Communications Corp founder John J Rigas, testifies he felt relief, not pride, in fooling people about finances of company before its bankruptcy; remark comes during cross-examination as defense lawyer tries to undermine his credibility as witness (M)