HOMETOWN AMERICA IS BUYING CHATEAU FOR $1 BILLION
Date: 30 May 2003
By Bloomberg News
Bloomberg News
Hometown America acquires rival Chateau Communities, largest owner of prefabricated-housing developments, for $1 billion, topping earlier offer from financier Sam Zell's Manufactured Home Communities (S)
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INVITROGEN NAMES LEADER OF G.E. UNIT AS ITS CHIEF
Date: 31 May 2003
By Bloomberg News
Bloomberg News
Invitrogen Corp names Gregory T Lucier president and chief executive, succeeding founder, Lyle Turner, who retired Jan 1 (S)
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GENERAL GROWTH PROPERTIES AGREES TO BUY 2 MALLS
Date: 31 May 2003
By Bloomberg News
Bloomberg News
General Growth Properties to buy two shopping malls in St Louis, Mo, and Albuquerque, NM; will also buy 49 percent it does not already own of joint venture that controls seven United States malls from Ivanhoe Cambridge (S)
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CNA FINANCIAL SAYS ARBITRATION LOSS WILL AFFECT PROFITS
Date: 31 May 2003
By Bloomberg News
Bloomberg News
CNA Financial Corp says arbitration decision against insurance pool that included CNA involving 1995 fire claim will cut its second-quarter profit by $49 million (S)
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FORMER DISNEY EXECUTIVE IS NAMED CHIEF OF WET SEAL
Date: 30 May 2003
By Bloomberg News
Bloomberg News
Wet Seal, retailer of clothing for teenagers, names Peter D Whitford, former worldwide president of Disney Stores, chief executive, succeeding chairman Irving Teitelbaum, who has held position on interim basis since February (S)
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BAUSCH & LOMB TO MAKE GENERIC FORM OF GLAUCOMA DRUG
Date: 30 May 2003
By Bloomberg News
Bloomberg News
Bausch & Lomb wins Food and Drug Administration approval to manufacture generic form of glaucoma treatment Alphagan; says it has received approval to market generic drug exclusively until Sept 20; Alphagan is made by Allergan (S)
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J.C. PENNEY CREDIT RATINGS FALL BELOW INVESTMENT GRADE
Date: 30 May 2003
By Bloomberg News
Bloomberg News
Credit ratings on J C Penney are reduced by Standard & Poor's Corp (S)
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PEP BOYS NAMES 20-YEAR BOARD MEMBER AS ITS CHAIRMAN
Date: 30 May 2003
By Bloomberg News
Bloomberg News
Pep Boys--Manny, Moe & Jack, auto parts and services chain, names Bernard J Korman chairman, succeeding Mitchell G Leibovitz, who retired (S)
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2 Reports Give Hints of Strengthening Economy
Date: 31 May 2003
By Bloomberg News
Bloomberg News
University of Michigan reports its consumer sentiment index rose to 92.1 in May from 86 in Apr; National Association of Purchasing Management-Chicago says its factory index rose to 52.2 from 47.6 in Apr; Commerce Department reports personal spending fell 0.1 percent in Apr, while incomes were little changed; income graph (M)
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Japanese Government Plans To Control Bank After Bailout
Date: 31 May 2003
By Bloomberg News
Bloomberg News
Chief regulator Heizo Takenaka says Japanese government may take up to two-thirds of Resona Holdings's voting stock to ensure $16.5 billion government bailout is used to revive bank, news conference; tough stance may prove model for future government aid to other shaky banks; Resona names Eiji Hosoya chairman; president Kenji Kawada says 113 executives will resign; bank plans to cut salaries for its 19,307 employees by 30 percent; photo (M)
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