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Date: 03 April 2004
By Bloomberg News
Bloomberg News
Zimmer Holdings Inc, world's largest maker of artificial hips and knees, says first quarter sales almost doubled, to $740 million, after purchase of Centerpulse; says earnings exceeded analysts' estimates (S)
Date: 03 April 2004
By Bloomberg News
Bloomberg News
William Clay Ford Jr, Ford Motor chief executive, acquires 1.44 million Ford shares, increasing his holdings by 53 percent (S)
Date: 03 April 2004
By Bloomberg News
Bloomberg News
Marriott International agrees to sell stake in Ramada and Days Inn hotel brands to a partner, Cendant Corp, for about $200 million, ending two-year venture (S)
Date: 04 April 2004
By Bloomberg News
Bloomberg News
United States Appeals Court bars Highfields Capital Management, Southeastern Asset Management and another company opposed to Mony Group's sale to AXA Financial from mailing copies of proxy cards to shareholders without complying with the federal disclosure requirements; firms had proposed to include copies of proxies in mailings to shareholders to encourage opposition to sale; Mony argued opponents should disclose that they could profit if sale is blocked (M)
Date: 03 April 2004
By Bloomberg News
Bloomberg News
Judge Loretta Preska dismisses lawsuit accusing Bristol-Myers Squibb of misleading investors about its optimism for ImClone Systems' cancer drug Erbitux; Bristol-Myers paid $2 billion for stake in ImClone in September 2001 (S)
Date: 03 April 2004
By Bloomberg News
Bloomberg News
The New World Development Company will sell its Hong Kong cellphone business for 1.25 billion Hong Kong dollars ($161 million) to a company in which it owns a stake, after trying for four years to find an overseas buyer. The business, New World PCS Holdings, will be acquired by Asia Logistics Technologies, which is controlled by a Hong Kong businessman, Simon Lo. Asia Logistics will issue shares and bonds convertible into its stock to acquire New World PCS, which runs a cellular network in Hong Kong with one million customers. New World Development, which is controlled by Cheng Yu-tung, a Hong Kong billionaire, will have a 55 percent stake in the new company, which will be called New World Mobile Holdings. Potential overseas buyers have been deterred by the fact that Hong Kong has fewer than a tenth the number of subscribers as Japan but has twice as many mobile phone operations.
Date: 04 April 2004
INTERNATIONAL 3-16 Madrid Suspects Die in Blast Three men believed to be responsible for the Madrid train bombings blew themselves up inside an apartment house in Leganés, a working-class district of Madrid, as the police prepared to assault the building Saturday night, officials said. One officer was killed and at least 11 others were wounded. 1 Arafat Responds to Sharon The Palestinian leader, Yasir Arafat, said that he was not troubled by warnings from Israel that it could act against him. Meanwhile, Hamas claimed responsibility for the gunman who killed an Israeli man at a West Bank settlement. 12
Date: 03 April 2004
INTERNATIONAL A2-7 U.S. Enlisting Asian Allies In Missile-Defense Plan The United States, racing to erect a controversial ballistic missile defense system by the end of the year, is quietly enlisting Japan and other allies in Asia to participate in a missile-defense network that could reshape the balance of power in the region. A1
Date: 03 April 2004
By Nat Ives (NYT)
Nat NYT
Fitch Ratings upgrades its rating outlook for Interpublic Group of Companies (S)
Date: 03 April 2004
By Bernard Simon (NYT)
Bernard NYT
Aber Diamond Corp of Toronto buys 51 percent stake in Harry Winston Inc, jewelry retailer based in New York, for $85 million; has option to buy remaining 49 percent, which is owned by Fenway Partners (S)