PERELMAN PLEDGES TO INCREASE FINANCING AT REVLON
Date: 06 February 2003
By Bloomberg News
Bloomberg News
Financier Ronald O Perelman agrees to provide as much as $215 million in financing for his cosmetics company Revlon; increases his financing from $150 million proposed in December (S)
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CHIEF FINANCIAL OFFICER RESIGNS POSITION AT SPIEGEL
Date: 06 February 2003
By Bloomberg News
Bloomberg News
Spiegel Inc's chief financial officer James R Cannataro is leaving to become executive vice president of US unit of Nintendo Co (S)
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GOODYEAR SAYS IT IS RENEGOTIATING LOAN AGREEMENTS
Date: 07 February 2003
By Bloomberg News
Bloomberg News
Goodyear Tire & Rubber is renegotiating loan agreements with banks, including $1.1 billion in two credit lines, to try to avoid breaching terms of borrowings (S)
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MERCK DISCONTINUES TRIALS ON ANXIETY TREATMENT
Date: 07 February 2003
By Bloomberg News
Bloomberg News
Merck & Co is discontinuing clinical trials on experimental treatment for anxiety (S)
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EDO, A MILITARY CONTRACTOR, IS BUYING A RIVAL
Date: 07 February 2003
By Bloomberg News
Bloomberg News
EDO Corp, maker of military and aerospace electronics, acquires Advanced Engineering and Research Associates for about $38 million (S)
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SYNTHES OF SWITZERLAND AGREES TO BUY SPINE SOLUTIONS
Date: 07 February 2003
By Bloomberg News
Bloomberg News
Synthes-Stratec, world's biggest maker of devices to treat broken bones, agrees to acquire closely held rival Spine Solutions for $350 million (S)
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AVENTIS LOWERS ITS TARGETS FOR SALES AND EARNINGS
Date: 06 February 2003
By Bloomberg News
Bloomberg News
Aventis lowers sales and profit targets for 2003 and 2004 as result of slower sales growth of its top selling Allegra allergy pill and delay of new antibiotic in US (S)
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CALIFORNIA MAY BAR WELLS FARGO FROM HOME LOANS
Date: 06 February 2003
By Bloomberg News
Bloomberg News
Wells Fargo & Co, largest mortgage lender in nation, is threatened by California Department of Corporations with loss of its license to make home loans in state amid allegations that bank overcharged borrowers; bank sued state last week, saying federal rules should apply to its mortgage practices; California agency said bank refused to make refunds after examination by department of loans made in 2000 and 2001 showed improper interest charges and inadequate disclosure on consumer bill statements (S)
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Technology Briefing | E-Commerce: Tech Data Says 2004 Earnings May Drop 25%
Date: 07 February 2003
By Bloomberg News
Bloomberg News
Tech Data Corp says its fiscal 2004 earnings could decline as much as 25 percent from previous year because of competition and lagging demand (S)
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Technology Briefing | E-Commerce: Terra Networks Dismisses 22% Of U.S. Work Force
Date: 07 February 2003
By Bloomberg News
Bloomberg News
Terra Networks, Spain's largest Internet company, cuts 22 percent of its US work force to reduce costs, fueling speculation that company may sell its Lycos unit (S)
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