DUPONT TO PAY $87 MILLION TO DISSOLVE VENTURE
Date: 04 January 2005
By Bloomberg News
Bloomberg News
DuPont Co will pay $87 million to Dow Chemical Co as part of agreement to dissolve synthetic rubber joint venture facing investigations of price fixing; each company will get back businesses it brought to venture, called DuPont Dow Elastomers (S)
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D&B PROMOTES PRESIDENT TO CHIEF EXECUTIVE
Date: 04 January 2005
By Bloomberg News
Bloomberg News
D&B Corp names Steven W Alesio chief executive, succeeding Allan Z Loren (S)
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TXU TO SHUT TURBINES, CITING TEXAS ELECTRICITY GLUT
Date: 04 January 2005
By Bloomberg News
Bloomberg News
Texas power producer TXU Corp will shut nine turbines to cut costs after determining that natural-gas-fueled units are no longer needed because of electricity surplus in state; move will reduce operating costs by $17 million a year; company also agrees to pay $172 million to end agreement to buy power from ExTex LaPorte LP (S)
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BRUNSWICK TO BUY SEA PRO AND SEA BOSS BOATS
Date: 04 January 2005
By Bloomberg News
Bloomberg News
Brunswick Corp acquires Sea Pro Boats and Sea Boss Boats for $51 million (S)
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WELLS TO HAVE $65 MILLION IN COSTS FROM STRONG PURCHASE
Date: 04 January 2005
By Bloomberg News
Bloomberg News
Wells Fargo & Co expects to have $65 million in costs related to its purchase of $29 billion of mutual fund assets from Strong Financial Corp; bank agreed to buy Strong's fund assets for undisclosed sum in May after Strong reached agreement to settle allegations of improper mutual fund trding with New York State Atty Gen Eliot Spitzer, Securities and Exchange Commission and Wisconsin regulators (S)
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Weyerhaeuser to Cover Cleanup Costs
Date: 04 January 2005
By Bloomberg News
Bloomberg News
Weyerhaeuser Co agrees to pay $6.2 million for cleanup of mill and landfill near Kalamazoo River in Michigan contaminated with polychlorinated biphenyls; payment will reimburse Environmental Protection Agency for its cleanup of river (S)
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Technology Briefing | Telecommunications: Nortel Gets Reporting Extension
Date: 04 January 2005
By Bloomberg News
Bloomberg News
Nortel Networks Corp receives three-month extension from New York Stock Exchange to file financial reports; exchange will begin delisting process if 2003 annual report is not filed by March 31; graph (S)
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World Business Briefing | Australia: Concrete Unit Sold
Date: 04 January 2005
By Bloomberg News
Bloomberg News
Australia's Rinker Group sells concrete business in US for $45 million to Coreslab Structures of Canada (S)
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Studio Picks President
Date: 04 January 2005
By Bloomberg News
Bloomberg News
DreamWorks SKG names Rick Sands, former Miramax executive, president and chief operating officer (S)
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World Business Briefing | Asia: India: Brother Quits Board
Date: 04 January 2005
By Bloomberg News
Bloomberg News
Anil Ambani resigns from board of Indian Petrochemicals Corp after rift with his elder brother Mukesh, who inherited control of group; photo (S)
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