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19th of April 2001 News
Nyheter slik de dukket opp på forsiden av New York Times på 19. april 2001
A City Consumed in Plans For McVeigh's Execution
Date: 19 April 2001
By Sara Rimer
Sara Rimer
Terre Haute, Ind, three miles from United States Penitentiary where Timothy J McVeigh is scheduled to die on May 16 for Oklahoma City bombing, is expecting invasion by unknown number of protesters, camera crews, reporters, sightseers and visiting entrepreneurs hawking T-shirts; Mayor Judith A Anderson is distressed at circus atmosphere; Harley G Lappin, prison warden, says he has spent months designing elaborate security and administrative procedures, down to special buses for disabled protesters; says he has been assured by Federal Bureau of Investigation that no specific threats to Terry Haute have been uncovered; as for execution itself, he and his staff will follow 56-page Federal Execution Protocol that calls for it to be carried out 'in an efficient and humane manner'; this will be first federal execution since 1963; photos (M)
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Russia Loses Battle for Extradition From Spain of Media Baron
Date: 19 April 2001
By Sabrina Tavernise
Sabrina Tavernise
Spain rejects Russia's request to extradite Vladimir A Gusinsky, ending media baron's 10-month legal battle with Russian authorities just as prize pieces of his Russian empire are being seized; Gusinsky and his conglomerate, Media-Most, have been fighting creditor and hostile Russian prosecutor since election of Pres Vladimir V Putin; Gusinsky blames Putin, but Kremlin denies any role in legal case against Gusinsky (M)
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UNITEDHEALTH TO MANAGE PHARMACY SERVICES FOR AARP
Date: 20 April 2001
By Bloomberg News
Bloomberg News
UnitedHealth Group, a leading health insurer, said yesterday that it would manage pharmacy services for more than 1.6 million members of AARP, generating about $350 million in annual revenue for the company. The contract between UnitedHealth's Ovations unit and AARP and AARP Services Inc. is effective June 1, UnitedHealth said. The insurer, based in Minnetonka, Minn., already provides supplemental Medicare and hospital indemnity insurance to 3.6 million people through an AARP program.
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SEEKING A BUYER, BARRETT POSTPONES ANNUAL MEETING
Date: 20 April 2001
By Bloomberg News
Bloomberg News
Barrett Resources, a producer of natural gas, is postponing its annual shareholder meeting because it is still looking for a buyer to top a hostile $2.2 billion takeover bid by the Royal Dutch/Shell Group. The meeting had been set for May 3 and has not been rescheduled, Barrett said. Barrett, which produces natural gas in the Rocky Mountain area, asked shareholders to reject Shell's $55-a-share cash bid as inadequate and started an auction for the company.
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COLLINS & AIKMAN TO BUY UNITS OF A FABRIC CONCERN
Date: 19 April 2001
By Bloomberg News
Bloomberg News
Collins & Aikman Corp, largest maker of automobile carpets, agrees to buy Joan Fabrics Corp's automotive fabric division and affiliated yarn-dyeing operation for $158.9 million in cash and stock (S)
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AT&T OFFERS TO SWAP $10 BILLION IN TRACKING STOCK
Date: 19 April 2001
By Bloomberg News
Bloomberg News
AT&T Corp offers to swap 1.176 AT&T Wireless Group tracking shares for each share of parent as part of its plan to break up company; offer is worth as much as $10 billion; premium on AT&T shares is about 7 percent; AT&T Wireless will become independent company by mid-2001 (S)
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RULING LETS IVAX CONTINUE SELLING GENERIC CANCER DRUG
Date: 20 April 2001
By Bloomberg News
Bloomberg News
The Ivax Corporation said yesterday that a federal judge had allowed the company to keep selling a generic version of the cancer drug Taxol, rebuffing a rival company for the second time since October. The ruling by Judge Colleen Kollar-Kotelly of United States District Court in Washington is a setback for American BioScience, which asked the judge to order federal regulators to revoke the generic drug's approval. The two companies, along with the maker of Taxol, Bristol-Myers Squibb, are waging a multifaceted legal fight over a treatment that had sales of more than $1.5 billion last year.
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SHARES OF VISX RISE AFTER ICAHN HOLDS BUYER TALKS
Date: 19 April 2001
By Bloomberg News
Bloomberg News
Shares of Visx Inc rise 4.7 percent after financier Carl C Icahn says he has talked with two ophthalmic companies that might be interested in buying company, leading maker of lasers used to correct vision (S)
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KIMBALL SAYS IT HAS LAID OFF 9 PERCENT OF ITS WORKERS
Date: 20 April 2001
By Bloomberg News
Bloomberg News
Kimball International, which makes office furniture and electronic components for products like antilock brakes and insulin-measuring devices, laid off 1,025 workers, or 9 percent of its staff, as sales decreased in some segments. The job cuts occurred between Jan. 1 and April 18 throughout the company, said the chief financial officer, Robert F. Schneider. More cuts are possible if sales continue to decline, Mr. Schneider said. Kimball said overall sales for the third quarter ended March 31 rose 1 percent, to $312.7 million from $309.5 million. Excluding acquisitions, sales declined in the furniture and cabinet, and contract electronics-assembly segments, the company said.
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Metro Business Briefing; UTILITY PROFITS FALL
Date: 20 April 2001
By Bloomberg News
Bloomberg News
Consolidated Edison Inc. said yesterday that first-quarter profits fell 4.8 percent after an electricity rate cut. Net income fell to $179.1 million, or 84 cents a share, from $188.1 million a year ago, the company said. Revenue rose 25 percent, to $2.88 billion. The company reiterated its 2001 per-share profit forecast of $3.20 to $3.30.
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