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Date: 13 June 2003
By Bloomberg News
Bloomberg News
Midwest Express Holdings, which operates Midwest Airlines of Milwaukee, may seek bankruptcy protection if it is unable to reduce labor costs and plane payments in third quarter or earlier; is trying to cut costs by renegotiating labor contracts with its pilots and flight-attendant unions (S)
Date: 14 June 2003
By Bloomberg News
Bloomberg News
Cerberus Capital Management and Oaktree Capital Management agree to provide $175 million to Formica Co as part of its bankruptcy restructuring (S)
Date: 13 June 2003
By Bloomberg News
Bloomberg News
Federal jury in St Paul awards Honeywell International $30 million in lawsuit against two units of Matsushita Electric Industrial over patent for video camera technology; jury finds units, JVC in US and Victor in Japan, infringed Honeywell's patent for circuit chip used to create equivalent of electronic film in video camcorders (S)
Date: 13 June 2003
By Bloomberg News
Bloomberg News
XO Communications says it may offer $700 million in cash for Global Crossing after initial offer is spurned by Global Crossing's creditors; XO, controlled by financier Carl C Icahn, says it may also offer $472.5 million for company's bank debt, on condition that Global Crossing cancels agreement to sell control to Singapore Technologies Telemedia (S)
Date: 13 June 2003
By Bloomberg News
Bloomberg News
Chrysler says it will offer lower-price version of its Pacifica, new station wagon, as it tries to more than triple monthly sales of car; new version, to begin production in July, will cost less than $30,000, down from about $38,000 for models that started selling in April (S)
Date: 13 June 2003
By Bloomberg News
Bloomberg News
Pozen Inc, unprofitable developer of migraine drugs, says it may gain as much as $160 million from agreement with GlaxoSmithKline to develop new treatments for headaches; Glaxo will have rights in US to market migraine treatments based on Pozen's MT 400 formulation (S)
Date: 13 June 2003
By Bloomberg News
Bloomberg News
Adobe Systems says earnings rose 18 percent in its fiscal second quarter ended May 30; net income rose to $64.2 million from $54.3 million year earlier; sales rose less than 1 percent, to $320.1 million (S)
Date: 13 June 2003
INTERNATIONAL A3-18 U.S. Launches Big Attack On Iraqi Guerrilla Camp American military forces unleashed airstrikes that killed dozens of people at a guerrilla camp north of Baghdad, and they continued an intensive effort to root out Baath Party loyalists in the area. A1 An Iraqi prisoner was killed by gunfire when he tried to escape from an American detainment camp in Baghdad. The attempted break-out came as investigators were examining possible American responsibility in the death of another Iraqi prisoner at a different camp. A21
Date: 13 June 2003
By Bloomberg News
Bloomberg News
Shares of FormFactor rise more than 25 percent, one day after company raises $84 million in initial public offering (S)
Date: 13 June 2003
By Bloomberg News
Bloomberg News
Financier Carl C Icahn and Panda Energy International Inc form venture capital firm Panda Acquisitions Group to buy electricity generators and other energy assets in Texas, Southeast and Northeast (S)
Date: 14 June 2003
By Bloomberg News
Bloomberg News
Creditors Oaktree Capital Management and Gramercy Advisors reject $14 billion debt repayment plan by Indonesia-based Asia Pulp and Paper Co (S)
Date: 13 June 2003
By Bloomberg News
Bloomberg News
Justice Walter Tolub grants filmmaker Spike Lee preliminary injunction that will keep Viacom Inc from changing name of its TNN Network to Spike TV; orders Lee to post of $500,000 bond says he will have to pay Viacom's legal expenses and other costs if he does not win permanent injunction; Lee claims Spike TV refers to him and says he does not want his name used because channel will feature lowbrow programs (M)