WHITE MOUNTAINS INSURANCE TO EXPAND IN EUROPE
Date: 10 December 2003
By Bloomberg News
Bloomberg News
White Mountains Insurance Group acquires Sirius International Insurance, unit of ABB Ltd, for 3.22 billion Swedish kronor ($440 million), in company's biggest expansion into Europe (S)
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WYETH EXPECTS LOWER 4TH-QUARTER EARNINGS
Date: 10 December 2003
By Bloomberg News
Bloomberg News
Wyeth says earnings in fourth quarter will be reduced by as much as $517.5 million as it repays debt, writes down value of assets and reorganizes operations (S)
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PRESIDENT OF ST. JUDE MEDICAL TO BECOME CHAIRMAN
Date: 11 December 2003
By Bloomberg News
Bloomberg News
St Jude Medical chairman-chief executive Terry L Shepherd will retire, effective with company's annual meeeting in May; Daniel J Starks will succeed Shepherd (S)
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BANKNORTH ACQUIRES CCBT FOR $300 MILLION IN STOCK DEAL
Date: 10 December 2003
By Bloomberg News
Bloomberg News
Banknorth Group acquires CCBT Financial Companies for about $300 million in stock enter Barnstable County, Mass, fast-growing and affluent area on Cape Cod; CCBT is parent of Cape Cod Bank and Trust (S)
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AMERICA WEST PILOTS LET STAND A CONTRACT DEFEAT
Date: 10 December 2003
By Bloomberg News
Bloomberg News
America West Airlines' pilots union decides not to vote again on proposed contract that was rejected last week by five-vote margin; proposal is second turned down since March (S)
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INTERPUBLIC GROUP PLANS STOCK SALE TO PAY OFF DEBT
Date: 10 December 2003
By Bloomberg News
Bloomberg News
Interpublic Group of Companies plans to raise $650 million by selling common stock and convertible preferred shares to pay off debts due in 2004 (S)
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GEORGIA-PACIFIC TO COMBINE UNITS IN COST-CUTTING MOVE
Date: 10 December 2003
By Bloomberg News
Bloomberg News
Georgia-Pacific Corp will combine its industrial wood products business with its panel and lumber operations on Jan 1 to cut costs (S)
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Former NewCom Officer Is Acquitted
Date: 11 December 2003
By Bloomberg News
Bloomberg News
NewCom Inc's former chief financial officer Steven C Veen is acquitted of criminal charges that he filed two false quarterly reports and made false statements to Securities and Exchange Commission staff members investigating company for accounting fraud (S)
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Former Executives Indicted
Date: 11 December 2003
By Bloomberg News
Bloomberg News
Kevin Stoffer, Andrew Johnson and John Fringer, former executives of Nicor and Dynegy joint venture Nicor Energy LLC, are indicted on criminal charges of manipulating financial results and are accused by Securities and Exchange Commission of inflating income by $11 million in 2001; indictment says men inflated income to earn $400,000 in bonuses for themselves and others (S)
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World Business Briefing | Europe: Britain: Pearson Executive On Leave
Date: 10 December 2003
By Bloomberg News
Bloomberg News
Pearson says Peter Jovanovª
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Technology Briefing | Hardware: Hewlett-Packard Merging 2 Units
Date: 10 December 2003
By Bloomberg News
Bloomberg News
Hewlett-Packard Co chief executive Carleton S Fiorina says company will merge its services and business-computer divisions to avoid duplicating sales work; graph (S)
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