UNITED HEALTHCARE TO SETTLE MEDICARE CHARGES
Date: 14 December 2004
By Bloomberg News
Bloomberg News
Justice Department says United Healthcare Insurance Co, unit of UnitedHealth Group, will pay $3.5 million to settle charges it defrauded federal Medicare program (S)
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DISNEY UNCERTAIN OF WHAT'S IN MIRAMAX'S FUTURE
Date: 14 December 2004
By Bloomberg News
Bloomberg News
Walt Disney Co says business at its Miramax Films unit will not continue 'at the same level' after contracts of Miramax's co-chairmen Harvey and Bob Weinstein expire in September (S)
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OVERSEAS SHIPHOLDING TO BUY STELMAR FOR $843 MILLION
Date: 14 December 2004
By Bloomberg News
Bloomberg News
Overseas Shipholding Group acquires Stelmar Shipping for about $843 million to exdpand its fleet at time when shipbuilders are booked years in advance (S)
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KRISPY KREME MISSES S.E.C. DEADLINE FOR FILING RESULTS
Date: 14 December 2004
By Bloomberg News
Bloomberg News
Krispy Kreme Doughnuts missed its deadline Dec 10 for filing quarterly report with Securities and Exchange Commission; SEC has opened formal probe of company's accounting (S)
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SENIOR EXECUTIVE AT MCDONALD'S RESIGNS AFTER 31 YEARS
Date: 14 December 2004
By Bloomberg News
Bloomberg News
McDonald's Corp says Claire Babrowski, senior executive vice president and chief restaurant operations, resigns from company after 31 years (S)
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PEPSICO TO ACQUIRE GENERAL MILLS' STAKE IN SNACK VENTURE
Date: 14 December 2004
By Bloomberg News
Bloomberg News
PepsiCo plans to buy 40.5 percent stake in General Mills has in their joint European snaks venture, Snacks Venture Europe, for $750 million (S)
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DOW CHEMICAL BUYS 15% STAKE IN A TEXAS GAS PLANT
Date: 14 December 2004
By Bloomberg News
Bloomberg News
Dow Chemical Co acquires 15 percent stake in liquefied natural gas plant from Freeport LNG Development to power its petrochemical plants along Gulf Coast; financial terms undisclosed; gas from plant will help Dow plants in Texas and Louisiana (S)
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Ex-Disney Director Calls Firing of Ovitz a 'Wise Investment'
Date: 14 December 2004
By Bloomberg News
Bloomberg News
Walt Disney Co former director Robert A M Stern says company made 'wise investment' when it fired former president Michael Ovitz in 1996 and paid him $140 million in severance to end his 15-month tenure; Stern testifies in trial of shareholder lawsuit over severance package that Ovitz had 'created a climate that was counterproductive' at Disney, and that chief executive Michael D Eisner had had no choice other than to oust his friend of 30 years (M)
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Tenet Healthcare Says Its Loss Will Be Worse in 4th Quarter
Date: 14 December 2004
By Bloomberg News
Bloomberg News
Tenet Healthcare Corp slays fourth-quarter charges may exceed $1 billion and its loss from continuing operations will widen from third quarter because of increased bad debt (S)
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