UNITED PARCEL SHIPMENTS FELL, BUT IT MET ESTIMATES
Date: 11 July 2002
By Bloomberg News
Bloomberg News
United Parcel Service's shipments in US fell 2.6 percent in second quarter as customers began shifting business to rivals in case there is Teamsters union strike at United Parcel; contract expires on July 31 (S)
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ICAHN RAISES BID IN CONTEST FOR MORTON'S RESTAURANTS
Date: 11 July 2002
By Bloomberg News
Bloomberg News
Carl C Icahn raises his bid for Morton's Restaurant Group to $71.2 million, topping Castle Harlan's agreement to buy company for $67 million (S)
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BOEING TO ELIMINATE 100 JOBS AT GEORGIA PLANT
Date: 12 July 2002
By Bloomberg News
Bloomberg News
Boeing Co will cut 100 of 800 jobs at plant in Macon, Ga, after losing contract for support work on Air Force KC-135 tanker planes (S)
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MILD WEATHER TRIMS PROFITS FOR NEW JERSEY UTILITY
Date: 12 July 2002
By Bloomberg News
Bloomberg News
Public Service Enterprise Group, owner of New Jersey's largest utility, says profit this year will rise less than company expected because of decline in energy trading (S)
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MEDIMMUNE'S NEW FLU VACCINE MOVES CLOSER TO MARKET
Date: 12 July 2002
By Bloomberg News
Bloomberg News
Food and Drug Administration does not ask for new studies on MedImmune's FluMist nasal-spray vaccine; company says this may avoid months of delays in getting drug to market; stock gains $3.36, to $24.46 (S)
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HOME DEPOT SETTLES MICHIGAN CHALLENGE ON ITEM PRICING
Date: 11 July 2002
By Bloomberg News
Bloomberg News
Home Depot will pay as much as $500,000 to settle claims it violated Michigan law requiring retailers to mark individual prices on goods; Michigan Atty Gen Jennifer M Granholm says retailer also agrees to put in place policies at its 45 Michigan stores to make it easier for customers to make sure they are charged correct prices at cash register (S)
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FLORIDA DROPS 2 INQUIRIES ON ECKERD, COMPANY SAYS
Date: 11 July 2002
By Bloomberg News
Bloomberg News
Eckerd drugstore chain says Florida has ended two investigations of company, one into its handling of customers' medical information and one into its prescription drug pricing; Florida Atty Gen Bob Butterworth says one inquiry centered on whether company adequately informed customers that they were authorizing release of information for marketing purposes by signing prescription pickup forms; company does not admit any wrongdoing but changes its handling forms; Butterworth also drops investigation of claims that Eckerd had overcharged customers for prescriptions (S)
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ICAHN SAYS HE'S WILLING TO KEEP TRYING FOR MORTON'S
Date: 12 July 2002
By Bloomberg News
Bloomberg News
Carl C Icahn, rebuffed by Morton's Restaurant Group in $71.2 million takeover offer, says he is still willing to outbid Castle Harlan's $67 million takeover of company (S)
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JONES APPAREL TO BUY L.E.I. JEANS FOR $310 MILLION
Date: 11 July 2002
By Bloomberg News
Bloomberg News
Jones Apparel Group says it will buy RSV Sport, maker of l.e.i. jeans for women and girls, for $310 million; RSV chief executive Mel Geliebter will become chief executive of Jones' Sun Apparel private-label division (S)
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MUNICH RE PUTS $2 BILLION MORE INTO ITS AMERICAN RE UNIT
Date: 11 July 2002
By Bloomberg News
Bloomberg News
Munich Re, world's largest reinsurer, says it put $2 billion into its unprofitable American Re unit; Munich Re chief financial officer Jorg Schneider says American Re is in 'deep red'; parent company sets aside $500 million for potential losses from terrorist attacks and says it sees no need to put more cash into American unit; Munich Re put $1 billion into American Re in November (S)
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