ICAHN WARNS BLOCKBUSTER TO CURB SPENDING
Date: 08 April 2005
By Bloomberg News
Bloomberg News
Carl C Icahn, largest shareholder in Blockbuster, sends letter to company's chief executive John F Antioco, saying he plans to nominate his own directors to board to curb what he calls company spending spree and to control bonuses to management (S)
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MBNA INCREASES ESTIMATE OF CUTBACK COSTS
Date: 07 April 2005
By Bloomberg News
Bloomberg News
MBNA says job cuts, asset sales and contrat terminations will result in $785 million of pretax costs, more than double its previous forecast (S)
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CALLAWAY MISSES EXPECTATIONS BECAUSE OF LOWER SALES
Date: 07 April 2005
By Bloomberg News
Bloomberg News
Callaway Golf reports preliminary first-quarter earnings that are below analysts' expectations because of 18 percent drop in sales; erned 26 cents to 28 cents a share, based on sales of $300 million, in period (S)
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UNITED AIRLINES TO CLOSE A TICKET CALL CENTER
Date: 07 April 2005
By Bloomberg News
Bloomberg News
United Airlines unit of UAL will close ticket-reservation call center with 400 workers in Kent, Wash, to cut costs and help exit bankruptcy; center will close on June 4 and employees will be offered option to move to another center (S)
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F.D.A. APPROVES PATIENT TRIAL FOR ABBOTT HEART STENT
Date: 08 April 2005
By Bloomberg News
Bloomberg News
Abbott Laboratories wins Food and Drug Administration approval to enroll patients in study comparing its experimental drug-coated heart stent called ZoMaxx to Taxus, market's top seller, from Boston Scientific Corp; Boston Scientific and Johnson & Johnson are only companies selling drug-coated stents in US (S)
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AMERICAN AIRLINES WILL CUT 600 JOBS IN KANSAS CITY
Date: 08 April 2005
By Bloomberg News
Bloomberg News
American Airlines will cut as many as 600 jobs at maintenance base in Kansas City, Mo, as its losses extend to fifth year; reduction of up to 43 percent of center's workers wil occur in June (S)
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IMAGISTICS CUTS 119 JOBS AND LOWERS YEARLY FORECAST
Date: 07 April 2005
By Bloomberg News
Bloomberg News
Imagistics International, distributor of fax and copy machines, eliminates 119 jobs to cope with slowing sales and cuts its 2005 earnings estimate 13 percent because of severance costs and options expenses (S)
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News Channels' Challenge: How to Fill the Airtime
Date: 07 April 2005
By David Carr
David Carr
All forms of mass media have converged on Rome to honor and document Pope John Paul II's death; covering pageantry of his death and burial carries with it some difficulties; pace of story leaves 24-hour news channels searching for ways to fill all that airtime (M)
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Alcoa Earnings Lift Market as Oil Prices Decline Again
Date: 08 April 2005
By Bloomberg News
Bloomberg News
Standard & Poor's 500-stock index adds 7.07 points, or 0.6 percent, to 1,191.14; Dow Jones industrial average gains 60.3 points, or 0.6 percent, to 10,546.32; Nasdaq composite index adds 19.65 points, or 1 percent, to 2,018.79; price and yield of 10-year US Treasury note noted; graph; chart on key US interest rates (M)
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World Business Briefing | Europe: Britain: Drug Chain To Sell Unit
Date: 08 April 2005
By Bloomberg News
Bloomberg News
Boots Group, British drugstore chain, puts its nonprescription medicine unit up for sale; graph (S)
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