Iran By the Numbers
Date: 23 June 2002
By Thomas L. Friedman
Thomas Friedman
Thomas L Friedman Op-Ed column from Tehran on Iran's economic deterioration, freely chronicled in Iranian press, which is not primarily result of US sanctions; points to Iran's theocratic rulers, with their corruption, incompetence, arbitrary decisions, religious legal codes and antiglobalization instincts (M)
Full Article
Defendant in Pearl's Death Says Evidence Was Faked
Date: 22 June 2002
By Seth Mydans
Seth Mydans
Ahmed Omar Sheikh, man accused of organizing kidnapping and murder of Wall Street Journal reporter Daniel Pearl in Pakistan, tells court in Karachi that case against him is jumble of lies and faked evidence concocted by government to please United States; says he never met Pearl, was in another city when he was kidnapped and had nothing to do with menacing e-mail messages that threatened reporter's death; Sheikh faces possible death sentence, along with three men who are accused of helping him send e-mail messages; authorities say they have detained six more men with possible connections to case since exhuming body believed to be that of Pearl (M)
Full Article
West Is Guarding His Next Move
Date: 23 June 2002
By Mike Wise
Mike Wise
Mike Wise Inside The NBA column discusses potential draft pick by Memphis Grizzlies' president Jerry West, who has history of shaping championship teams; Atlanta Hawks staff evaluates past draft decisions in attempt to make right ones this year; New York Knicks president Scott Layden prepares for draft by speaking more frequently and frankly with media; ruling is awaited on grievance filed by NBA players union against NBA challenging luxury tax distribution; photo (M)
Full Article
QUALCOMM SAYS PROFITS WILL EXCEED EXPECTATIONS
Date: 22 June 2002
By Bloomberg News
Bloomberg News
Qualcomm Inc announces that its profit, excluding some one-time items, will meet or exceed its previous forecast for current quarter; share price falls (M)
Full Article
TWO UTILITY COMPANIES ARE SUBPOENAED ON THEIR TRADES
Date: 22 June 2002
By Bloomberg News
Bloomberg News
Commodity Futures Trading Commission subpoenas 'wash' trading records of Avista Corp and Enron subsidiary Portland General Electric; investigates trading practices in wake of Enron bankruptcy (M)
Full Article
MORTON'S RESTAURANTS AGREES TO A BID FROM ICAHN
Date: 22 June 2002
By Bloomberg News
Bloomberg News
Morton's Restaurant Group plans to withdraw from its agreement to be acquired by Castle Harlan In and accept rival bid from Carl C Icahn; Icahn raised his offer by 11 percent, to $63 million; Castle Harlan has five days to revise its offer (M)
Full Article
KMART HAD LOSS IN MAY, BUT BANKRUPTCY COSTS DECLINED
Date: 22 June 2002
By Bloomberg News
Bloomberg News
Kmart Corp reports $96 million loss in May, as sales declined 11 percent; bankruptcy-related costs fell (M)
Full Article
MAXTOR WIDENS ITS LOSS ESTIMATE ON DISK DRIVES
Date: 22 June 2002
By Bloomberg News
Bloomberg News
Maxtor Corp, world's biggest computer disk-drive maker, expects wider-than-forecast second-quarter loss of as much as $90 million; lowers its estimate of sales (M)
Full Article
SHARES IN BED BATH & BEYOND GAIN ON PROFIT REPORTS
Date: 22 June 2002
By Bloomberg News
Bloomberg News
Bed Bath & Beyond announces its expectation of earning 93 cents a share in 2002, two cents beyond analysts' forecast (S)
Full Article
AOL EXPANDS ITS TV REACH AMONG EUROPEAN YOUTH
Date: 22 June 2002
By Bloomberg News
Bloomberg News
AOL Time Warner agrees to buy EMI Group's stake in German music television broadcaster Viva Media for $50.4 million, expanding its reach among European youth and its ownership of Viva to 30 percent (M)
Full Article