$102 MILLION OFFER FOR CALIPER TECHNOLOGIES
Date: 13 February 2003
By Bloomberg News
Bloomberg News
Caliper Technologies Corp, which makes tools for laboratory experiments, receives acquisition offer from LB Acquisitions, unit of Little Bear Investments; offer totals about $101.7 million; Caliper's net loss widened to $10.5 million in fourth quarter, from $8.02 million year earlier; revenue dropped 37 percent, to $4.93 million from $7.87 million (S)
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GLAXO SAYS IT WILL FIGHT NEW YORK LAWSUIT
Date: 14 February 2003
By Bloomberg News
Bloomberg News
GlaxoSmithKline chief executive Jean-Pierre Garnier says it will fight accusations by New York State Atty Gen Eliot L Spitzer that company inflated drug costs for government health programs and consumers; Pharmacia, which is also named in Spitzer's suit, says company is cooperating with Spitzer's office and hopes to avoid litigation (S)
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BAUSCH & LOMB LOSES APPEAL ON PUREVISION LENSES
Date: 13 February 2003
By Bloomberg News
Bloomberg News
Bausch & Lomb loses appeals court bid to sell its PureVision brand in US; Federal appeals court upholds trial judge's ruling that company infringed patent owned by Wesley Jessen Corp, unit of Novartis; leaves in place ban on PureVision sales in US until 2005 (S)
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ROADWAY CHIEF TO STEP DOWN; PRESIDENT TO SUCCEED HIM
Date: 13 February 2003
By Bloomberg News
Bloomberg News
Roadway Corp's chief executive Michael Wickham will retire in March and be replaced by president James Staley; Wickham will remain chairman (S)
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SCHWAB SAYS FIRST-QUARTER PROFIT WON'T MEET FORECAST
Date: 14 February 2003
By Bloomberg News
Bloomberg News
Charles Schwab Corp says first-quarter earnings might fall below analysts' estimates because of reduced customer trading (S)
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CASUAL MALE TO CLOSE OUTLET STORES AND CUT 500 JOBS
Date: 14 February 2003
By Bloomberg News
Bloomberg News
Casual Male Retail Group plans to close its Levi's and Dockers outlet stores as it focuses on selling clothing to tall and big men; will cut 500 to 600 jobs; plans to close 50 to 55 stores in next 24 months, with thirty remaining stores being sold or shut at end of lease terms (S)
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G.M. PLANS TO SELL 150,000 CARS FROM KOREAN VENTURE
Date: 13 February 2003
By Bloomberg News
Bloomberg News
General Motors says it plans North American sales next year of as many as 150,000 cars from its venture in South Korea; cars, built by GM Daewoo Auto and Technology Co, will be sold primarily under Chevrolet name (S)
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STATE STREET TO CLOSE 2 OFFICES AND CUT 1,000 JOBS
Date: 13 February 2003
By Bloomberg News
Bloomberg News
State Street Corp, which last month completed its largest acquisition by adding record-keeping and securities-lending businesses of Deutsche Bank, will close two offices in US and eliminate about 1,000 jobs; employees will be laid off starting in June over 12- to 18-month period; Deutsche Bank offices in Nashville and Jersey City will be shut in third quarter of 2004, and customer-service operations will be moved to new location in New York (S)
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