BOLDFACE NAMES
Date: 10 July 2002
By James Barron
James Barron
Sam Mendes's new movie Road to Perdition, starring Tom Hanks, opens; Jon Stewart's The Daily Show will be seen on CNN International starting this fall; Pres Bush faces stiff competition for attention of audience during his speech at Regent Wall Street Hotel from dazzling chocolate dessert; Kathryn Morris, who plays Tom Cruise's wife in movie Minority Report, recalls when former Pres Bill Clinton stopped by set, upstaging Cruise and director Steven Spielberg; Spielberg and Kate Capshaw give $12 million to keep horse riding area in Los Angeles near their home as it is; other celebrity philanthropic efforts discussed; photos (M)
Full Article
PLASTICS MAKER IS CONSIDERING PURCHASE OFFERS
Date: 09 July 2002
By Bloomberg News
Bloomberg News
Applied Extrusion Technologies Inc, maker of plastics used for soda-bottle labels and snack-food packaging, hires J P Morgan Securities Inc to assess inquiries from 'number of parties' to buy company (S)
Full Article
REGULATORS ALLOW RELIANT ENERGY TO RESTRUCTURE
Date: 09 July 2002
By Bloomberg News
Bloomberg News
Reliant Energy Inc, biggest electricity company in Texas, says federal regulators approved new holding company structure, step needed to complete spinoff of Reliant Resources, its energy-trading arm (S)
Full Article
STAPLES TO BUY MEDICAL ARTS FOR $385 MILLION
Date: 10 July 2002
By Bloomberg News
Bloomberg News
Staples Inc agrees to buy direct marketer Medical Arts Press Inc for $385 million; Medical Arts, unit of equity investment firm Freeman Spogli & Co, sells items like medical file folders (S)
Full Article
ALBERTO SAYS QUARTERLY SALES AND PROFITS ARE UP
Date: 09 July 2002
By Bloomberg News
Bloomberg News
Alberto-Culver Co says quarterly profit and sales rose by at least 10 percent in fiscal third quarter ended June 30 (S)
Full Article
ANDRX GETS TENTATIVE F.D.A. APPROVAL FOR GENERIC DRUG
Date: 10 July 2002
By Bloomberg News
Bloomberg News
Andrx Corp says Food and Drug Administration has granted tentative approval of its generic version of extended-release allergy medicine Claritin, made by Schering-Plough; Schering's patent on drug does not expire until Dec 19, and Andrx cannot get final regulatory approval until Dec 20 (S)
Full Article
ANDRX SETTLES SUITS OVER GENERIC HEART DRUGS
Date: 09 July 2002
By Bloomberg News
Bloomberg News
Andrx Corp reaches settlements with rival Biovail Corp in their dispute over two heart drugs and with wholesalers and other purchasers of Cardizem heart medicine in separate case; Biovail settlement ends disputes about Andrx's generic versions of Biovail's Tiazac and Cardizem heart drugs; Andrx agrees to preliminary settlement with buyers of Cardizem who had sued; Andrx and Aventis agree to pay undisclosed amount of cash to wholesalers; Andrx says it will have $60 million litigation expense in second quarter (S)
Full Article
SUNGARD TO BUY BRUT TRADING SYSTEM FOR $100 MILLION
Date: 10 July 2002
By Bloomberg News
Bloomberg News
SunGard Data Systems Inc agrees to buy electronic trading system Brut for $100 million to extend its reach into Nasdaq stock market trading; is acquiring 78.5 percent of Brut it does not already own from 25 broker-dealers (S)
Full Article
Pepsi Profit Is Up, but Stock Price Is Down
Date: 10 July 2002
By Bloomberg News
Bloomberg News
The Pepsi Bottling Group, the nation's leading bottler of Pepsi Cola, said that profit in its fiscal second quarter increased 14 percent, but its sales volume disappointed Wall Street.
Full Article
Technology Briefing | Software: Excelon Announces Additional Job Cuts
Date: 10 July 2002
By Bloomberg News
Bloomberg News
Excelon Corp, maker of data-management software that cut 25 percent of its staff in January, says it will eliminate another 30 percent of its jobs as second-quarter results fall short of expectations; says second-quarter revenue was $9.5 million to $9.8 million, missing previous estimate of $11 million to $13 million (S)
Full Article