EFUNDS REDUCES ESTIMATES ON REVENUE AND PROFIT
Date: 06 June 2002
By Bloomberg News
Bloomberg News
eFunds Corp cuts its 2002 revenue and profit forecasts and says chief financial officer Paul H Bristow will leave at end of month; stock price falls 30 percent on news (S)
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HALLIBURTON AND HONEYWELL WIN ASBESTOS CLAIMS DELAY
Date: 05 June 2002
By Bloomberg News
Bloomberg News
Federal Judge Judith Fitzgerald extends for 30 days stay she ordered on over 250,000 asbestos-related claims against former Halliburton Co and Honeywell Inc units to give companies more time to settle claims; claims involve Harbison-Walker Refractories Co, formerly owned by Halliburton unit, and North American Refractories Co, former Honeywell unit; units, now owned by RHI AG, filed for bankruptcy in Jan (S)
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SHARES OF VERIDIAN CLIMB 13% ON FIRST DAY OF TRADING
Date: 06 June 2002
By Bloomberg News
Bloomberg News
Veridian Corp stock rises 13 percent in first day of trading; company sells 13.5 million shares to raise $216 million (S)
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KRAFT FOODS DISCUSSES PURCHASE OF MEXICAN JUICE MAKER
Date: 06 June 2002
By Bloomberg News
Bloomberg News
Kraft Foods Inc, Philip Morris Cos unit, is in talks to acquire Jugos del Valle, Mexico's largest juice maker (S)
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RIGAS FAMILY MEMBERS RESIGN FROM ADELPHIA SPINOFF
Date: 05 June 2002
By Bloomberg News
Bloomberg News
James P Rigas resigned as president, chief executive and vice chairman of Adelphia Business Solutions Inc, John J Rigas resigns as chairman, Michael J Rigas as vice chairman and secretary and Timothy J Rigas as vice chairman, chief financial officer and treasurer; say move is aimed at letting company pursue Chapter 11 bankruptcy reorganization without distraction of Rigas family's involvement with Adelphia Communications Corp, which spun off unit in Jan (S)
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NABORS SAYS PROXY ADVISER BACKS MOVE TO BERMUDA
Date: 05 June 2002
By Bloomberg News
Bloomberg News
Nabors Industries says proxy adviser Institutional Shareholder Services backs its plan to move its legal residence to Bermuda to cut taxes (S)
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US AIRWAYS PILOTS OFFER TO TAKE PAY CUT
Date: 05 June 2002
By Bloomberg News
Bloomberg News
Air Line Pilots Association, responding to US Airways bid for $595 million in savings from pilots, offers average 26 percent pay cut, other moves to help airline save $328 million annually (S)
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ANALYSTS SAY WORLDCOM PLANS UP TO 16,000 NEW LAYOFFS
Date: 06 June 2002
By Bloomberg News
Bloomberg News
WorldCom Inc, struggling phone company, says it plans more job cuts; some analysts say cuts could total up to 16,000 (S)
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Albertson's Posts Loss for Quarter
Date: 06 June 2002
By Bloomberg News
Bloomberg News
Albertson's reported that it had a first-quarter loss after spending $454 million to close 157 stores and gas stations and increasing promotions to compete with rivals.
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News Corp. Said to Seek Vivendi Satellite TV Unit
Date: 06 June 2002
By Seth Schiesel
Seth Schiesel
News Corp reportedly seeks to acquire control of Italian satellite television company Telepiu from Vivendi Universal, move that could make it essentially monopoly pay television provider in Italy (M)
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