COMCAST PROMOTES PRESIDENT OF CABLE UNIT
Date: 07 July 2004
By Bloomberg News
Bloomberg News
Comcast Corp promotes cable unit president Stephen B Burke to chief operating officer, expanding his responsibilities to include running company's TV networks (S)
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UNITED NATURAL FOODS REDUCES 2005 FORECAST
Date: 07 July 2004
By Bloomberg News
Bloomberg News
United Natural Foods Inc says earnings for fiscal 2005 will be below analysts estimates (S)
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EUROPEAN UNION APPROVES LYRICA FROM PFIZER
Date: 07 July 2004
By Bloomberg News
Bloomberg News
Pfizer Inc receives approval from European Union to sell its Lyrica medication for epilepsy and nerve pain (S)
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APOLLO BUYS BORDEN CHEMICAL FOR $649 MILLION
Date: 07 July 2004
By Bloomberg News
Bloomberg News
Apollo Management acquires Borden Chemical Inc from Kohlberg Kravis Roberts & Co for $649 million (S)
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IAMGOLD SHAREHOLDERS REJECT WHEATON RIVER MERGER
Date: 07 July 2004
By Bloomberg News
Bloomberg News
Shareholders of Imagold Corp reject proposed acquisition of Wheaton River Minerals for 2.3 billion Canadian dollars ($1.7 billion); move bolsters prospects for hostile bid for Iamgold by Golden Star Resources Ltd (S)
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FORMER WORLDCOM OFFICERS SETTLE EMPLOYEE LAWSUIT
Date: 07 July 2004
By Bloomberg News
Bloomberg News
MCI, former WorldCom chief executive Bernard J Ebbers and 18 former WorldCom officers agree to pay about $51 million to settle suit by employees who lost billions of dollars when company collapsed; pact leaves Merrill Lynch Trust Co of America as only active defendant; WorldCom employees are seeking about $100 million from Merrill (S)
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DOMINION RESOURCES BUYS TWO PLANTS FOR $49 MILLION
Date: 07 July 2004
By Bloomberg News
Bloomberg News
Dominion Resources acquires electric generating plant in Chesapeake, Va, from NRG Energy Inc and Dynegy Inc and another plant in Hurt, Va, from Multitrade of Pittsylvania County; will pay $49 million for two plants and assume $148 million in debt; will terminate 25-year contracts it has been using to buy power since 1990's; transaction will not increase rates (S)
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U.S. AGENCY CLEARS OGE ENERGY DEAL ON POWER PLANT
Date: 07 July 2004
By Bloomberg News
Bloomberg News
OGE Energy Corp's $159.9 million purchase of 77 percent stake in Oklahoma power plant from NRG Energy Inc is approved by Federal Energy Regulatory Commission after utility owner agrees to steps that will reduce undue influence over electricity prices (S)
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ABB Units Fined $10.5 Million for Bribes
Date: 07 July 2004
By Bloomberg News
Bloomberg News
ABB Vetco Gray Inc and ABB Vetco Gray UK Ltd, units of ABB Ltd, are fined $10.5 million after pleading guilty to bribing Nigerian officials to win contracts for oil exploration (S)
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Technology Briefing | Telecommunications: S.E.C. Asks About Satellite TV Subscribers
Date: 07 July 2004
By Bloomberg News
Bloomberg News
DirecTV Group and EchoStar Communications Corp receive letters from Securities and Exchange Commission asking for information on how they count subscribers; letters are part of broader agency probe into how pay-television and telephone companies count subscribers; graph (S)
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