JOHNSON & JOHNSON NOT LIABLE IN PROPULSID CASE
Date: 10 May 2003
By Bloomberg News
Bloomberg News
California jury finds Johnson & Johnson is not responsible for death of John Calvert, who died two months after he began taking company's Propulsid heartburn medicine; ruling is third court victory in Propulsid case for company, which removed drug from market in 2000 after it was linked to 70 deaths (S)
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MANUFACTURED HOME BIDS FOR CHATEAU COMMUNITIES
Date: 10 May 2003
By Bloomberg News
Bloomberg News
manufactured home bids for c
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ENRON PLANS NEW COMPANY FOR OVERSEAS ASSETS
Date: 10 May 2003
By Bloomberg News
Bloomberg News
Enron Corp says it will form company, temporarily named InternationalCo, for most of its overseas assets, ending effort to auction assets; company will be governed by independent board and protected from liabilities related to Enron bankruptcy; about 8,000 of Enron's 12,000 employees will become part of new company (S)
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TROY GROUP RECEIVES BUYOUT OFFER FROM WESTAR
Date: 10 May 2003
By Bloomberg News
Bloomberg News
Westar Capital offers to buy Troy Group, maker of systems to transfer funds between bank accounts, for $37.3 million, topping bid by Troy chief executive Patrick Dirk; Troy says Dirk, who holds more than half of Troy stock, is not interested in selling stake (S)
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BERKSHIRE NAMES TWO BUFFETT FRIENDS TO ITS BOARD
Date: 09 May 2003
By Bloomberg News
Bloomberg News
Berkshire Hathaway names retired Coca-Cola Co president Donald R Keough and Capital Cities/ABC's former chairman Thomas S Murphy to its board (S)
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LOCKHEED MARTIN SAYS TWO INVESTIGATIONS HAVE CLOSED
Date: 09 May 2003
By Bloomberg News
Bloomberg News
Lockheed Martin says Securities and Exchange Commission and Justice Department have closed separate investigations; SEC ended inquiry into Lockheed's failed merger with Northrop Grumman on May 1; Justice Department on March 19 closed grand jury probe into whether hazardous waste was properly stored at uranium plant Lockheed ran in Paducah, Ky (S)
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CLOROX PROFIT IS UP BUT IT FORESEES HIGHER EXPENSES
Date: 09 May 2003
By Bloomberg News
Bloomberg News
Clorox Co says net income rose to $110 million in third quarter ended March 31 from $46 million year earlier; sales fell less than 1 percent, to $1.02 billion, first decline in two years (S)
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TOMMY HILFIGER ENDS SPECULATION ON POSSIBLE SALE
Date: 09 May 2003
By Bloomberg News
Bloomberg News
Tommy Hilfiger Corp says it is not for sale, setting off 9 percent decline in its stock price (S)
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FLEMING TO CLOSE WAREHOUSES AND CUT 800 JOBS
Date: 09 May 2003
By Bloomberg News
Bloomberg News
Grocery distributor Fleming will close five warehouses and lay off about 800 employees, or 6.8 percent of its work force, to cut costs as it seeks to exit bankruptcy; about $1 billion in annual sales will be lost through closing of warehouses (S)
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