WESTPOINT STEVENS FILES FOR BANKRUPTCY PROTECTION
Date: 03 June 2003
By Bloomberg News
Bloomberg News
WestPoint Stevens Inc, maker of towels and bedding, files for bankruptcy protection; chief executive Holcombe T Green Jr resigns (S)
Replay Dienstag, 3. Juni 2003
Der 3. Juni 2003 war ein Dienstag unter dem Sternzeichen ♊. Es war der 153. Tag des Jahres. Präsident der Vereinigten Staaten war George W. Bush.
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3rd of June 2003 News
Nachrichten, wie sie auf der Titelseite der New York Times am 3. Juni 2003 erschienen
FEDEX TO OFFER EARLY RETIREMENT TO 14,000 WORKERS
Date: 03 June 2003
By Bloomberg News
Bloomberg News
FedEx Corp says it will spend as much as $290 million this fiscal year to offer 14,000 employees early retirement (S)
VIVENDI IS SELLING SPENCER GIFTS TO REDUCE DEBT
Date: 03 June 2003
By Bloomberg News
Bloomberg News
Vivendi Universal SA agrees to sell its Spencer Gifts United States retail chain to investors led by Gordon Brothers Group LLC (S)
CABLEVISION TO SPIN OFF SATELLITE AND CINEMA UNITS
Date: 03 June 2003
By Bloomberg News
Bloomberg News
The Cablevision Systems Corporation, the largest cable television operator in the New York area, approved the spinoff of its Rainbow D.B.S. satellite service and Clearview Cinemas theater chain. The company, which is based in Bethpage, N.Y., will contribute as much as $450 million to the new entity and invest an additional $114 million this year in Rainbow D.B.S. Cablevision's chairman, Charles Dolan, will be chairman of the new business, the company said. Cablevision's shareholders will receive stock in the new company, with details of the distribution to be disclosed later, Cablevision said. Cablevision stock rose $2.43, or 13 percent, to $21.79 a share yesterday.
ALBERTSONS AGREES TO SELL TOYS 'R' US PRODUCTS
Date: 04 June 2003
By Bloomberg News
Bloomberg News
Toys 'R' Us will sell its products in all Albertsons grocery and drug stores as companies try to regain sales lost to discounter Wal-Mart Stores (S)
HERSHEY REPLACES 1936 WRAPPER ON ITS CHOCOLATE BARS
Date: 04 June 2003
By Bloomberg News
Bloomberg News
Hershey chocolate bars have new look for first time since 1936 as Hershey Foods Corp replaces traditional wrapper with sealed, one-piece wrapper (S)
BIOVAIL ACQUIRES PRODUCTS FROM WYETH FOR $130 MILLION
Date: 03 June 2003
By Bloomberg News
Bloomberg News
Canadian drug maker Biovail Corp buys anxiety treatment Ativan and heart medication Isordil from Wyeth for $130 million plus certain royalties from Ativan sales (S)
Technology Briefing | Software: Microsoft To Offer Authentidate Service
Date: 04 June 2003
By Bloomberg News
Bloomberg News
Shares of AuthentiDate Holdings rise on news that Microsoft Corp will offer company's USPS Electronic Postmark service to Microsoft Word users; service will allow users to verify authenticity of electronic documents and to add time and date stamps (S)
Manufacturing Showed Gains Last Month
Date: 03 June 2003
By Bloomberg News
Bloomberg News
Institute for Supply Management reports that manufacturing activity increased in May, suggesting that worst may be over for factories; ISM manufacturing index rose to 49.2 from 45.4 in Apr (M)
Orange County to Use Merrill Again
Date: 04 June 2003
By Bloomberg News
Bloomberg News
Merrill Lynch & Company wins right to work for Orange County, California, nine years after county filed for bankruptcy caused by bad bet on derivatives sold to it by Merrill; Merrill paid county $400 million in 1998 to settle allegations against firm; county's Board of Supervisors voted 3 to 2 to again use Merrill as an investment broker (S)