PALL AGREES TO BUY VIVENDI FILTRATION BUSINESS
Date: 15 February 2002
By Bloomberg News
Bloomberg News
Pall Corp, maker of filtration and purification systems, acquires rival filtration and separations business of Vivendi Environment of France for $360 million; Pall says it will reduce its quarterly dividend to 9 cents from 17 cents (S)
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IN FILING, BERKSHIRE SAYS IT HOLDS NO CITIGROUP SHARES
Date: 15 February 2002
By Bloomberg News
Bloomberg News
Berkshire Hathaway, in regulatory filing, says it no longer holds shares of Citigroup, ending investment of almost 15 years in Citigroup and its predecessors; stake of 7.4 million shares is valued at more than $350 million if sold at Citigroup's average price in fourth quarter (S)
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CUMMINS AND BRUNSWICK FORM VENTURE IN BOAT INDUSTRY
Date: 15 February 2002
By Bloomberg News
Bloomberg News
Cummins Inc and Brunswick Corp are forming venture to supply diesel engines and parts for commercial and recreational boats; companies say they will each own half of venture, Cummins MerCruiser Diesel Marine; Scott Patrohay is named president of new venture (S)
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MARRIOTT POSTS QUARTERLY LOSS AS TRAVEL DECLINES
Date: 14 February 2002
By Bloomberg News
Bloomberg News
Marriott International Inc posts fourth-quarter loss of $116 million compared with net income of $149 million year earlier; revenue fell 10 percent, to $2.87 billion (S)
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JUDGE OVERTURNS GUIDANT VERDICT, SAYING WITNESS LIED
Date: 15 February 2002
By Bloomberg News
Bloomberg News
US District Judge David F Hamilton says Guidant Corp cannot collect $140 million jury award in patent case, and may owe millions of dollars in penalties, because central witness, Joe D Bourland, lied in dispute with rival cardiac-device maker, St Jude Medical; Hamilton overturns judgment in dispute over patents for implantable defibrillators; rules two Guidant patents are invalid and says $140 million in damages is 'grossly excessive' (S)
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CAMPBELL SOUP PROFIT FALLS ON HIGHER SPENDING
Date: 14 February 2002
By Bloomberg News
Bloomberg News
Campbell Soup Co says profit fell 25 percent in its fiscal second quarter ended Jan 27; net income fell to $203 million from $271 million year earlier; sales rose 3.1 percent, to $1.81 billion from $1.76 billion (S)
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HUB GROUP FINDS ACCOUNTING IRREGULARITIES IN A UNIT
Date: 14 February 2002
By Bloomberg News
Bloomberg News
Hub Group Inc says it found accounting problems at partly owned unit, Hub Group Distribution Services, and will restate earnings by about $3 million to $4 million (S)
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BANK OF NOVA SCOTIA TO BUY A UNIT OF CHARLES SCHWAB
Date: 14 February 2002
By Bloomberg News
Bloomberg News
Bank of Nova Scotia agrees to buy Canadian unit of Charles Schwab Corp; financial terms undisclosed; Globe and Mail of Toronto says transaction is valued at $22 million to $31 million (S)
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SMITH & NEPHEW AGREES TO BUY ORATEC FOR $310 MILLION
Date: 15 February 2002
By Bloomberg News
Bloomberg News
Smith & Nephew, Europe's largest maker of hospital supplies, acquires Oratec Interventions, which develops medical devices to treat spine and joint disorders, for $310 million (S)
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EMMIS COMMUNICATIONS TO SELL 2 DENVER RADIO STATIONS
Date: 14 February 2002
By Bloomberg News
Bloomberg News
Emmis Communications Corp sells Denver FM radio stations KALC and KXPK for $135.5 million; sells KALC to Entercom Communications Corp for $88 million and KXPK to Entravision Communications Corp for $47.5 million (S)
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