NEWPORT NEWS AGREES TO TALKS WITH GRUMMAN
Date: 06 October 2001
By Bloomberg News
Bloomberg News
Newport News Shipbuilding Inc, target of takeover battle between General Dynamics Corp and Northrop Grumman Corp, will begin talks with Northrop Grumman; Newport News remains committed to its existing agreement to be acquired by General Dynamics but says bid from Northrop Grumman might be superior because of recent rally in Northorp's stock price; both companies bid $2.1 billion for company (S)
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Afghanistan's Fans of American Radio
Date: 06 October 2001
By Sanford J. Ungar
Sanford Ungar
Op-Ed article by Sanford J Ungar, former director of Voice of America, reports that millions of Afghans listen to, and trust, VOA broadcasts in their native languages; criticizes State Department's 'bizarre' pressure on VOA not to air interview with Taliban leader, warning that credibility takes long time to build and very short time to destroy (M)
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XEROX HIRES PRICEWATERHOUSECOOPERS AS NEW AUDITOR
Date: 06 October 2001
By Bloomberg News
Bloomberg News
Xerox Corp, subject of accounting investigation by Securities and Exchange Commission, names PricewaterhouseCoopers to replace KPMG, independent auditor for more than 30 years (S)
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STARBUCKS IN JOINT VENTURE WITH GERMAN RETAILER
Date: 05 October 2001
By Bloomberg News
Bloomberg News
Starbucks Corp forms joint venture with KarstadtQuelle, Germany's biggest department store company, to expand into Germany; first Starbucks store is expected to open in Berlin in early spring (S)
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GENENTECH AND XOMA TO DELAY FILING FOR PSORIASIS DRUG
Date: 05 October 2001
By Bloomberg News
Bloomberg News
Genentech Inc and Xoma Ltd say they will delay filing for approval of their Xanelim psoriasis drug after Food and Drug Administration asks for new study (S)
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ARAMARK BUYING SERVICES BUSINESS FROM SERVICEMASTER
Date: 05 October 2001
By Bloomberg News
Bloomberg News
Aramark Corp acquires ServiceMaster Co's facility-service business for $800 million (S)
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MIDWEST BANK RAISES PROVISION FOR POSSIBLE LOAN LOSSES
Date: 06 October 2001
By Bloomberg News
Bloomberg News
US Bancorp says third-quarter profit will be cut by $655 million because it increased amount of money it had set aside to account for possible loan losses after terrorist attacks (S)
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CABLEVISION SAYS IT MIGHT SELL SOME OF ITS SYSTEMS
Date: 06 October 2001
By Bloomberg News
Bloomberg News
Cablevision Systems Corp says it might sell some systems in region after canceling $1 billion stock offering and cutting 2001 financial forecasts (S)
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STRIDE RITE CUTS 120 JOBS AND FORECASTS QUARTERLY LOSS
Date: 05 October 2001
By Bloomberg News
Bloomberg News
Stride Rite Corp, which makes Keds and its namesake brand of children's shoes, says it will lay off 20 percent of its administrative employees, cutting 120 jobs, and will report loss in fourth quarter of its fiscal year; says net income in third quarter ended Aug 31 fell 8 percent, to $7.15 million; sales declined 6.5 percent (S)
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STAPLES SAYS ITS SALES FELL AFTER TRADE CENTER ATTACKS
Date: 06 October 2001
By Bloomberg News
Bloomberg News
Staples Inc says same-store sales fell 4 percent to 6 percent in fiscal third quarter; company lost $30 million to $40 million in sales during week and half after terrorist attacks against US (S)
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