Somehow, Widespread Praise Eludes Lewis
Date: 21 June 2003
By Mike Freeman
Mike Freeman
Lennox Lewis's 40 victories, 31 knockouts and long reign as heavyweight champion have strangely not been enough to earn Lewis respect from US media and boxing community, prompting some to think his restraint and refined persona is reason; photo (M)
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Bush Names a Deputy As His New Spokesman
Date: 21 June 2003
By Elisabeth Bumiller
Elisabeth Bumiller
Pres George Bush names Scott McClellan, principal deputy in White House press office, to replace press secretary Ari Fleischer; Bush, addressing reporters on White House South Lawn, praises Fleischer and introduces McClellan, who will take over post in July; photo (M)
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BRAZILIAN PROJECT TO CAUSE DROP IN HALLIBURTON'S PROFIT
Date: 21 June 2003
By Bloomberg News
Bloomberg News
The Halliburton Company said yesterday that profit in the current quarter would fall sharply because of widening losses from an oil project off the coast of Brazil. Cost overruns and delays at the Barracuda-Caratinga project for Petroleo Brasileiro, Brazil's national oil company, led to losses of $104 million, which would cut second-quarter profit to 2 cents a share, excluding some one-time items, Halliburton said. Analysts surveyed by Thomson First Call previously expected the company to earn 25 cents a share. Stock in Halliburton, which is based in Houston, fell $1.27, or 5.2 percent, to $23.16 a share on the New York Stock Exchange.
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SEMCO ENERGY CUTS DIVIDEND AND ISSUES PROFIT WARNING
Date: 21 June 2003
By Bloomberg News
Bloomberg News
Natural gas distributor Semco Energy Inc forecasts net loss for 2003; reduces quarterly dividend to 7.5 cents per share from 12.5 cents (S)
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MOODY'S LOWERS CREDIT RATINGS ON READER'S DIGEST
Date: 21 June 2003
By Bloomberg News
Bloomberg News
Moody's Investors Service lowers Reader's Digest's senior secured rating and senior unsecured shelf registration rating (S)
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MIRANT GETS NOTICE IT DEFAULTED ON CREDIT AGREEMENT
Date: 21 June 2003
By Bloomberg News
Bloomberg News
Mirant Corp receives notice of credit default from Lehman Brothers Commercial Paper for failing to deliver first-quarter financial statements; asks creditors to approve possible bankruptcy plan (S)
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TOUCH AMERICA FILES CHAPTER 11 BANKRUPTCY PAPERS
Date: 21 June 2003
By Bloomberg News
Bloomberg News
Fiber optic network operator Touch America Holdings files for bankruptcy protection and asks judge to approve sale of crucial businesses to 360networks Corp for $28 million (S)
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STATE OF NEW YORK OPENS INQUIRY ON EXPRESS SCRIPTS
Date: 21 June 2003
By Bloomberg News
Bloomberg News
New York State Atty Gen Eliot Spitzer opens investigation of prescription drug manager Express Scripts Inc on suspicion that company overbilled state health plans (S)
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MARATHON OIL SAYS EARNINGS TO FALL AT LEAST $75 MILLION
Date: 21 June 2003
By Bloomberg News
Bloomberg News
Marathon Oil says second-quarter profit will be reduced by $75 million to $85 million (S)
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World Business Briefing | Europe: Britain: Executive Leaves Reuters
Date: 21 June 2003
By Bloomberg News
Bloomberg News
Reuters Group says chief operating officer Philip Green will leave on June 30 and it will eliminate position to reduce costs; photo (S)
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