ARCELOR OF LUXEMBOURG SEEKS TO EXPAND IN STEEL IN U.S.
Date: 11 May 2002
By Bloomberg News
Bloomberg News
Luxembourg-based Arcelor, world's largest steel maker, says it is in talks with domestic steel producers to expand in United States; Bethlehem Steel Corp confirms it has talked to unidentified potential buyer about selling large mill (S)
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BANK OF MONTREAL TO BUY A MORGAN STANLEY UNIT
Date: 11 May 2002
By Bloomberg News
Bloomberg News
Bank of Montreal will buy Morgan Stanley Dean Witter & Co's discount brokerage business for $106 million; will merge Morgan Stanley clients with clients of its CSFBdirect unit into Harrisdirect (S)
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BERKSHIRE PROFITS RISE ON HIGHER INSURANCE PRICES
Date: 11 May 2002
By Bloomberg News
Bloomberg News
Berkshire Hathaway says first-quarter net income rose 51 percent, to $916 million, from $606 million in 2001 period (S)
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EBAY TO PAY AOL LESS IN AMENDED COMMISSION AGREEMENT
Date: 11 May 2002
By Bloomberg News
Bloomberg News
Ebay reports renegotiating accord with AOL Time Warner under which AOL provides it online advertising and marketing services; will pay AOL maximum of $15 million in accord's first renewal year, rather than planned $18.8 million, in period ending Mar 23, 2004 (S)
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When the News in Pictures Was News
Date: 12 May 2002
By Vicki Goldberg
Vicki Goldberg
Vicki Goldberg column traces history of photojournalism in light of Rise of the Picture Press: Photographic Reportage in Illustrated Magazines, 1918-1939 on view at International Center of Photography; photos (M)
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OPEC Ministers Signal That Group Has No Plan to Lift Oil Output
Date: 12 May 2002
By Bloomberg News
Bloomberg News
Two OPEC ministers said on Saturday that oil supplies were adequate, indicating they had no plan to raise production to stem the 33 percent surge in prices so far this year.
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World Business Briefing | North America: Canada: Jobless Rate Declines
Date: 11 May 2002
By Bloomberg News
Bloomberg News
Statistics Canada reports Canada's unemployment rate fell to 7.6 percent in April because of surge in full-time jobs (S)
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Possibility Of Big Spinoff Seen at Sony
Date: 11 May 2002
By Bloomberg News
Bloomberg News
Sony of America chief financial officer Robert S Wiesenthal estimates Sony's entertainment businesses are worth $14 billion to $19 billion, meeting with analysts; meeting spurs speculation that Sony plans to sell stock in businesses (M)
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Shares of Mobile Phone Company Plunge
Date: 11 May 2002
By Bloomberg News
Bloomberg News
Western Wireless Corp shares plunge 41 percent after company reports it lost 17,000 United States customers in first quarter and says its loss in period widened to $96 million from $22.9 million in 2001 period (M)
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U.S. Asks Caremark Rx for Documents
Date: 11 May 2002
By Bloomberg News
Bloomberg News
Caremark RX says United States attorney's office seeks documents about its relationship with TAP Pharmaceutical Products that focus on TAP's cancer drug Lupron and its ulcer drug Prevacid; says it is not target of probe and cooperates with government (S)
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OPEC Ministers Signal That Group Has No Plan to Lift Oil Output
Date: 12 May 2002
By Bloomberg News
Bloomberg News
Oil ministers for United Arab Emirates and Qatar, attending OPEC meeting in Cairo, say oil supplies are adequate and they have no plan to raise production to stem 33 percent surge in prices so far this year; OPEC holds almost 80 percent of known oil reserves yet pumps only about third of world supply, limiting production to bolster prices; OPEC will meet on June 26 to decide on production (M)
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