LILLY SAYS PROFITS WILL BE LOWER THAN EXPECTED
Date: 06 January 2004
By Bloomberg News
Bloomberg News
Eli Lilly says profit excluding certain items will be as low as 65 cents per share in first quarter; analaysts surveyed by Thomson First Call had expected Lilly to earn 67 cents (S)
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ALLIANT TECHSYSTEMS WINS ARMY MORTAR CONTRACT
Date: 06 January 2004
By Bloomberg News
Bloomberg News
Alliant Techsystems wins contract to develop laser-guided mortar for US Army that it says will be more accurate than current weapons; financial terms undisclosed (S)
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US AIRWAYS AGREES TO GATE DEAL AT PITTSBURGH AIRPORT
Date: 06 January 2004
By Bloomberg News
Bloomberg News
US Airways Group agrees to lease 10 gates and other facilities at Pittsburgh International Airport through 2018, and says negotiations on contracts for 40 more gates are continuing (S)
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LOCKHEED MARTIN FIGHTER IS DELAYED, DOCUMENTS SHOW
Date: 06 January 2004
By Bloomberg News
Bloomberg News
Pentagon documents show Lockheed Martin's F-35 Joint Strike Fighter is projected to cost $5.1 billion, or 17 percent more than budgeted, forcing year delay and cut in number of planes produced; cost has increased to $40.5 billion from $35 billion; Pentagon has approved shifting $5.1 billion from production to research and reducing to 90 from 160 number of planes to be purchased through 2009 (S)
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WALGREEN SAYS PROFIT ROSE 10% IN FIRST QUARTER
Date: 06 January 2004
By Bloomberg News
Bloomberg News
Walgreen's first-quarter profit rose 10 percent; net income rose to $254.9 million from $231.6 million year earlier; sales rose 17 percent, to $8.7 billion (S)
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GRYPHON BUYS EIGHT O'CLOCK COFFEE FROM GREAT ATLANTIC
Date: 06 January 2004
By Bloomberg News
Bloomberg News
Gryphon Investors completes $107.5 million purchase of Eight O'Clock Coffee Co from Great Atlantic & Pacific Tea Co (S)
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Construction Spending Reaches New Highs, Spurring Economy
Date: 06 January 2004
By Bloomberg News
Bloomberg News
Commerce Department reports construction spending rose 1.2 percent in November, to $934.5 billion annual pace; residential construction rose 1.9 percent (S)
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Police Say Ex-Executive Tells of Parmalat Fraud
Date: 06 January 2004
By Bloomberg News
Bloomberg News
Parmalat's former chief financial officer Fausto Tonna tells Italian investigators that executives altered accounts of all company's units to hide losses and falsify assets; says he followed orders of company's founder Calisto Tanzi (M)
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Technology Briefing
Date: 06 January 2004
By Bloomberg News
Bloomberg News
Siebel, a large maker of customer-service software, said on Monday that its fourth-quarter profit of 8 cents a share beat its forecast after cost cuts and better-than-expected demand.
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