Metro Briefing: New York
Date: 13 November 2002
NIAGARA FALLS: Senecas Get $80 Million Casino Loan; MANHATTAN: 20 Indicted In Mob Inquiry; HEMPSTEAD: Not-Guilty Plea In Fatal Quarrel; BROOKLYN: Man Sentenced For Fooling Drivers; SYRACUSE: Megamall Advances;.
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Sports of The Times; Protesters Are Next Act To Appear at 'the Hootie'
Date: 14 November 2002
By Dave Anderson
Dave Anderson
Dave Anderson Sports of The Times column contends that Augusta National Golf Club chairman William 'Hootie' Johnson has turned storied Masters Tournament into circus as his bold and brazen decisions attract media attention; photo (M)
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GROCERY DISTRIBUTOR SAYS IT IS SUBJECT OF S.E.C. INQUIRY
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Securities and Exchange Commission conducts informal investigation into sales and accounting practices of Fleming Companies, nation's largest grocery distributor; separately, company says it will sell 28 of its California grocery stores to Save Mart Supermarkets for as much as $130 million (S)
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DANONE TO PURCHASE SPARKLING SPRING WATER OF CANADA
Date: 13 November 2002
By Bloomberg News
Bloomberg News
Groupe Danone agrees to buy Sparkling Spring Water Holdings of Canada (S)
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BOEING ENGINEERS TO VOTE ON 3-YEAR CONTRACT
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Boeing Co engineers represented by Society of Professional Engineering Employees in Aerospace will vote to recommend three-year contract that gives them annual raises of 4 percent and requires them to pay more for some health insurance plans; company anticipates 25 percent drop in deliveries of commercial jets during 2003 (S)
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UAL BOARD APPROVES TENTATIVE CONCESSION PLANS
Date: 13 November 2002
By Bloomberg News
Bloomberg News
UAL Corp approves tentative proposals by United Airlines pilots and flight attendants to reduce labor costs by $2.6 billion to help keep carrier out of bankruptcy (S)
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ALLSTATE CUTS PROFIT AFTER ASBESTOS ACCORD
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Allstate Corp settles asbestos claim requiring it to delete $32 million from profit it reported in October; believes its reserves for asbestos litigation are adequate (S)
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PATHMARK SHARES PLUNGE AFTER WARNING ON EARNINGS
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Pathmark Stores warns that its fiscal fourth-quarter results will be lower than it forecast; stock price plunges 23 percent (S)
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CANCER DRUG COMPANY ACQUIRES STEM CELL TECHNOLOGY
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Celgene Corp agrees to pay $45 million in stock to acquire Anthrogenesis Corp and gain its technology for harvesting stem cells that may be used for cancer treatments (S)
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INCYTE TO CUT 37 PERCENT OF WORKERS AND CLOSE OFFICES
Date: 13 November 2002
By Bloomberg News
Bloomberg News
Incyte Genomics, provider of genetic information to pharmaceutical manufacturers, will lay off 37 percent of its 700 employees and close some offices to save $88 million annually (S)
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DRUG PRODUCER SAYS IT MAY MISS 2002 REVENUE GOAL
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Shares of Ligand Pharmaceuticals fall 26 percent after company says it may not meet its 2002 revenue goal; discloses news on Nov 12 when it reported $7 million third-quarter loss (S)
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JOHNSON & JOHNSON TO BUY DRUG MAKER FOR $110 MILLION
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Johnson & Johnson agrees to purchase OraPharma for about $110 million to increase its share of market for medicines that treat diseases of mouth; OraPharma shareholders will receive $7.41 for each share held, 63 percent premium over its Nov 12 closing price (S)
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