GENERAL DYNAMICS EXTENDS OFFER FOR NEWPORT NEWS
Date: 26 June 2001
By Bloomberg News
Bloomberg News
General Dynamics Corp extends $2.6 billion cash offer for Newport News Shipbuilding after federal antitrust regulators request more information on proposal (S)
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Congressman's Silence Tests District's Loyalty
Date: 26 June 2001
By Evelyn Nieves
Evelyn Nieves
Constituents of California's 18th Congressional District are inclined to believe assertions of seven-term Democratic Congressman Repr Gary A Condit, that he was only good friends with 24-year-old intern Chandra Ann Levy, who mysteriously disappered in Washington on April 30, but nagging questions persist; relentless flow of news stories, tearful news conferences by Levy's parents, and newspaper columns demanding that congressman speak up are taking toll; photos (M)
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LAYOFFS SET AT PROVIDER OF SERVICES TO AUTO INSURERS
Date: 27 June 2001
By Bloomberg News
Bloomberg News
CCC Information Services Group, which supplies automobile claims software and services to insurance companies, lays off 130 workers and will exit its claims-services business in US and Britain (S)
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RADIO BROADCASTER FOR BLACK LISTENERS TO BUY STATION
Date: 27 June 2001
By Bloomberg News
Bloomberg News
Radio One, largest radio broadcaster in nation serving black listeners, acquires Georgia radio station WPEZ-FM from US Broadcasting for $55 million (S)
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NRG ENERGY BUYS 2 NORTHEAST PLANTS FROM CONECTIV
Date: 26 June 2001
By Bloomberg News
Bloomberg News
NRG Energy Inc, Minneapolis-based power producer, acquires two power plants and stakes in two others in Northeast from Conectiv Inc for $630 million; plants are in Delaware, Maryland and Pennsylvania (S)
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FEELING THE SLOWDOWN, OLIN WILL CUT ITS WORK FORCE 14%
Date: 27 June 2001
By Bloomberg News
Bloomberg News
Olin Corp, producer of metals, chemicals and ammunition, cuts full-year earnings forecast by half and will lay off more than 900 people, or 14 percent of its work force (S)
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PHELPS SEES A LARGER LOSS BECAUSE OF LOW COPPER PRICES
Date: 27 June 2001
By Bloomberg News
Bloomberg News
Phelps Dodge Corp expects to report wider loss in second quarter than predicted in April, mostly because of falling copper prices (S)
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AETHER, CITING FLAT SALES, TO LAY OFF 11% OF ITS WORKERS
Date: 27 June 2001
By Bloomberg News
Bloomberg News
Aether Systems, developer of software and services for wireless Internet access, will lay off 150 employees, or 11 percent of its work force; expects sales to remain flat for rest of year (S)
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Chief Executive at Riddell Sports Quits
Date: 26 June 2001
By Bloomberg News
Bloomberg News
Riddell Sports says its chief executive, David Mauer, has resigned now that sale of company's athletic-equipment unit, Team Sports, to Lincolnshire Management Inc is completed; Jeff Webb will become president and chief executive (S)
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G.M. Sees a Disappointing Year in Europe
Date: 26 June 2001
By Bloomberg News
Bloomberg News
General Motors Europe president Michael Burns says it will very difficult to make profit in Europe this year because of demand is falling and company's costs are too high; GM sales in Western Europe have fallen for two of last three years and are down 3.4 percent through May (S)
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