SAFEWAY LOWERS EARNINGS PROJECTIONS FOR 2005
Date: 09 December 2004
By Bloomberg News
Bloomberg News
Supermarket chain Safeway says its earnings will rise less in 2005 than analysts expected as it struggles to win back Southern California customers lost during strike (S)
Full Article
AVON FORECASTS SALES DECLINES THROUGH 2005
Date: 09 December 2004
By Bloomberg News
Bloomberg News
Avon Products says fourth-quarter sales in US will decline more than previously forecast, setting off 4 percent decline in its share price; expects sales to decline again in 2005 but expects to be profitable in 2006 (S)
Full Article
PARMALAT USA FILES PLAN TO EXIT BANKRUPTCY
Date: 09 December 2004
By Bloomberg News
Bloomberg News
Parmalat USA Corp, US unit of Italy's largest food company, files plan to exit bankruptcy by continuing its business in New York, New Jersey and Michigan and liquidating rest of its assets; General Electric Capital Public Finance, unit of General Electric and creditor, will receive 80 percent of common stock in subsidiary Farmland Dairies, which will continue to sell milk in three states (S)
Full Article
PEOPLESOFT SAYS IT IS WORTH $31 A SHARE TO ORACLE
Date: 08 December 2004
By Bloomberg News
Bloomberg News
PeopleSoft says its shares are
Full Article
TIFFANY SELLS STAKE IN CANADIAN MINING COMPANY
Date: 08 December 2004
By Bloomberg News
Bloomberg News
Tiffany & Co sells $13.9 percent stake in Aber Diamond Corp, Canadian mining company, for $268 million; Tiffany paid about $70 million for stake in July 1999 to help Aber finance its Diavik diamond mine in Canada's Northwest Terroritories (S)
Full Article
CHURCH & DWIGHT WITHDRAWS FROM DEL LABS PURCHASE
Date: 08 December 2004
By Bloomberg News
Bloomberg News
Church & Dwight Co, which makes Pepsodent and Mathadent toothpastes, will not participate in acquisition of Del Laboratories and will instead focus on building its oral care business; investment firm Kelso & Co will continue with purchase on its own; companies said in July they would pay $385 million in cash for Del Labs (S)
Full Article
G.M. WILL OFFER REBATES IN EFFORT TO REVERSE SALES DECLINE
Date: 09 December 2004
By Bloomberg News
Bloomberg News
Autodollars.com says General Motors, whose sales fell 16 percent in November, will offer rebates as high as $5,500 (S)
Full Article
DELPHI ACQUIRES PEAK INDUSTRIES, A MEDICAL DEVICE MAKER
Date: 08 December 2004
By Bloomberg News
Bloomberg News
Delphi Corp acquires Peak Industries, maker of medical devices, for $44 million (S)
Full Article
Fox News's Deal Will Make It a Radio Power, Analysts Say
Date: 09 December 2004
By Lola Ogunnaike
Lola Ogunnaike
Industry analysts say Fox News Channel's deal to replace ABC News as sole provider of news to radio stations owned by Clear Channel Communications will make Fox significant player in radio; Fox News, cable television channel owned by Rupert Murdoch's News Corp, currently provides news for 275 stations nationwide (M)
Full Article