G.M. Climbs 5.2% on News on Pension Funds
Date: 04 December 2003
By Bloomberg News
Bloomberg News
Shares of General Motors Corp rise 5.2 percent, most in almost six months, after Goldman Sachs analyst Gary Lapidus says pension-fund improvements might increase profit in 2004 (S)
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FOR FAO, A SECOND BANKRUPTCY FILING
Date: 05 December 2003
By Bloomberg News
Bloomberg News
FAO Inc, owner of FAO Schwarz toy store chain, seeks bankruptcy protection for second time this year and says it will shut down unless it receives rescue offer within 11 days; FAO will close its Zany Brainy chain and seek buyers for its FAO Schwarz and Right Start stores by Dec 15 (S)
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ROCKWELL AUTOMATION SELECTS A CHIEF
Date: 05 December 2003
By Bloomberg News
Bloomberg News
Rockwell Automation promotes Keith Nosbusch to president and chief executive, succeeding Don Davis, who will remain chairman (S)
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G.M. IN BID FOR SOUTH KOREAN AUTOMAKER
Date: 05 December 2003
By Bloomberg News
Bloomberg News
General Motors is preparing to join auction for South Korea's Ssangyong Motor Co with bid for controlling stake worth about $550 million (S)
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FirstEnergy to Invest More in '04 on Improvements
Date: 04 December 2003
By Bloomberg News
Bloomberg News
FirstEnergy Corp, utility owner blamed for lapses that contributed to blackout in Northeast in August, will increase capital spending on power lines by 36 percent, to $465 million next year to improve reliability; computer systems and operator training also will be expanded, and company will adopt policy of zero tolerance for transmission-line failures caused by trees (S)
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Lucent Is Paying Workers Cash Bonus
Date: 04 December 2003
By Bloomberg News
Bloomberg News
Lucent Technologies Inc plans to pay bonus to all 35,000 workers for first time since 1999 after company returned to profit and met other financial goals (S)
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MARATHON OIL NAMES CHIEF FINANCIAL OFFICER
Date: 05 December 2003
By Bloomberg News
Bloomberg News
Marathon Oil Corp appoints Nuevo Energy Co's chief financial officer Janet F Clark as chief financial officer and senior vice president, succeeding John T Mills, who has retired (S)
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EQUITY FIRM BUYS PREPARER OF MILITARY FOOD RATIONS
Date: 05 December 2003
By Bloomberg News
Bloomberg News
Veritas Capital acquires Wornick Co, maker of military food rations, for about $155 million (S)
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BEAR STEARNS BUYS PARENT OF BALDUCCI'S FOR $50 MILLION
Date: 05 December 2003
By Bloomberg News
Bloomberg News
Bear Stearns Companies' merchant banking unit to pay $50 million to buy and expand operations of Sutton Place Group, owner of 11 upscale food stores including Balducci's and Hay Day Country Farm Markets; acquires Sutton Place from AEA Investors and Catterton Partners (S)
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Executives Accused of Plan to Loot Utility
Date: 05 December 2003
By Bloomberg News
Bloomberg News
Justice Department reports Westar Energy's former chief executive David C Wittig, who has been convicted of bank fraud, and former executive vice president Douglas T Lake have been indicted in what prosecutors call scheme to loot company that pushed it to brink of bankruptcy with $3 billion in debt; Wittig and Lake are accused of concealing from shareholders that they would have been chief beneficiaries of aborted plan to spin off Westar's utility business and pursue merger with Public Service Co of New Mexico; men would have shared as much as $100 million from transaction; photo (M)
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