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Date: 05 August 2003
By Bloomberg News
Bloomberg News
Fruit of the Loom Inc, underwear maker owned by Berkshire Hathaway Inc, to close at end of year Harlingen, Tex, plant that employs 791 workers because of competition with Asian imports (S)
Date: 05 August 2003
By Bloomberg News
Bloomberg News
Merck & Co's Medco Health Solutions unit says federal judge gave premilinary approval to $42.5 million settlement of class-action suit charging plaintiffs did not get maximum savings they had been promised through Medco; accord requires changes in way Medco notifies subscribers of coverage (S)
Date: 05 August 2003
By Bloomberg News
Bloomberg News
General Electric to sell Financial Guaranty Insurance Co, bond insurance unit, for $1.9 billion to group led by PMI Group Inc; will keep $260 million of unit's profit as part of sale (S)
Date: 05 August 2003
By Bloomberg News
Bloomberg News
Lincoln National Corp, life insurer, says it will cut up to 1,000 jobs, about 17 percent of its work force, after combining its life insurance and annuities businesses (S)
Date: 05 August 2003
By Bloomberg News
Bloomberg News
Northrop Grumman Corp gets $1.93 billion Navy contract to design, build and demonstrate updated version of E-2 Hawkeye spy plane (S)
Date: 05 August 2003
By Bloomberg News
Bloomberg News
Fidelity Investments splits off Geode Capital Management, index fund manager and test-bed for new investment strategies, as separate company that can now solicit customers outside of Fidelity (S)
Date: 05 August 2003
By Bloomberg News
Bloomberg News
Union Pacific Corp plans initial public sale of up to 100 percent of shares in its Overnite Transportation Co trucking unit (S)
Date: 05 August 2003
By Bloomberg News
Bloomberg News
Founder and chairman Charles Schwab reports selling 600,000 shares of company on July 30 at $10.40 each (S)
Date: 05 August 2003
By Bloomberg News
Bloomberg News
Dow Jones industrial average rises 32.07 points, to 9,186.04; Standard & Poor's 500-stock index rises 2.67 points, to 982.82; Nasdaq composite index drops 1.56 points, to 1,714.06; stock price graphs and tables (M)
Date: 05 August 2003
By Richard A. Oppel Jr
Richard Oppel
Nascent Iraqi media offers evidence that free market can thrive, but Iraqis in Baghdad and in other cities are overwhelmed by choices and struggling to figure out which news sources are believable; for last 35 years they have had little access to news except for Saddam Hussein's version; now there are more than 100 newspapers being published, satellite dishes are selling widely and Internet cafes dot the streets; one outlet that does not appear to be winning over most Iraqis is occupying powers' own Iraqi Media Network, $5 million-a-month effort whose programming is called dull and repetitive by many Iraqis; network is managed by Pentagon contractor; it has been criticized even by some of its own officials, who contend that its credibility has been hurt by meddling by occupation officials and bare-bones budget; its television director quit in protest over network's limited resources; senior Iraqi Media Network official claims network is spending lots of money on new equipment and working to develop new shows quickly; spokesman for civilian administrator says some form of propaganda is always part of plan; photo (M)