DRUG MAKER AGREES TO PAY $175 MILLION IN LAWSUIT
Date: 07 February 2004
By Bloomberg News
Bloomberg News
GlaxoSmithKline agrees to pay $175 million to settle lawsuit contending that it blocked cheaper generic forms of its Relafen arthritis medicine, in violation of antitrust laws in United States; says fourth-quarter results would reflect $406 million in expenses to cover settled and pending Relafen claims (S)
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TWO AGENCIES MAY CUT E.D.S. CREDIT RATINGS
Date: 07 February 2004
By Bloomberg News
Bloomberg News
Moody's Investors Service says it might cut credit rating of Electronic Data Systems Corp to a level below that of investment grade, move that could force company to forfeit $400 million credit rating; Standard & Poor's says it is also considering a cut (S)
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ALBERTO-CULVER TO SELL ILLINOIS PLANT AND CUT 70 JOBS
Date: 07 February 2004
By Bloomberg News
Bloomberg News
Alberto-Culver says it will sell plant in Melrose Park, Ill, and lay off 70 employees (S)
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DEL MONTE FOODS TO SELL THREE PET FOOD BRANDS TO MARS
Date: 07 February 2004
By Bloomberg News
Bloomberg News
Del Monte Foods agrees to sell its IVD, Medi-Cal and Techni-Cal pet food brands to Royal Canin unit of Mars for $82.5 million to focus on other lines like 9-Lives (S)
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Optimism on Growth and Interest Rates Lifts Shares
Date: 07 February 2004
By Bloomberg News
Bloomberg News
Stocks climb after government report on job growth encourages optimism that economy is expanding at pace that would bolster earnings without setting off rise in interest rates; Standard & Poor's 500-stock index rises 14.17 points, to 1,142.76; Dow Jones industrial average gains 97.48 points, to 10,593.03; Nasdaq composite index rises 44.45 points, to 2,064.01; graph shows Dow; table of favorite stocks (M)
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NEWS SUMMARY
Date: 07 February 2004
INTERNATIONAL A2-6 Bomb in Moscow Subway A Suspected Terror Attack A bomb exploded inside a crowded subway train during the morning rush in Moscow, killing at least 39 people and wounding more than 130 in what officials suspect was the latest in a series of terrorist attacks linked to the war in Chechnya. Hundreds of passengers had to stagger through smoke-filled tunnels to reach safety. A1 Schröder to Quit Party Position Chancellor Gerhard Schröder of Germany, facing disaffection within his own party and hampered by low approval ratings, announced he would step down as chairman of the Social Democratic Party while remaining chancellor. A3
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World Business Briefing | Europe: The Netherlands: Retailer Surges On Bid
Date: 07 February 2004
By Bloomberg News
Bloomberg News
Shares of Royal Vendex KBB, Dutch department store owner, rise 15 percent after company says it is in talks with unidentified private equity companies that might lead to takeover bid; graph shows share price (S)
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World Business Briefing | Europe: Germany: Carmaker Strikes Continue
Date: 07 February 2004
By Bloomberg News
Bloomberg News
DaimlerChrysler and Adam Opel unit of General Motors are among German auto companies affected in seventh day of labor stoppages aimed at pressing demands for more pay (S)
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Dean Campaign Is Latest To Learn About Fickle Press
Date: 07 February 2004
By Jim Rutenberg
Jim Rutenberg
Reporters covering Howard Dean say his presidential campaign once had spirit of rock 'n' roll tour but now it has spirit of funeral procession that has lost its way; photos (M)
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NEWS SUMMARY
Date: 08 February 2004
INTERNATIONAL 3-12 Musharraf and Nuclear Secrets For years Gen. Pervez Musharraf of Pakistan, according to his aides, heard about serious problems with Abdul Qadeer Khan, the Pakistani nuclear weapons scientist who last week issued a public confession to selling nuclear secrets worldwide. But for years little was done to stop the possible flow of nuclear information. Last week, the long standoff ended with a confrontation, confession and then a presidential pardon. 1
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