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Date: 05 April 2001
By Bloomberg News
Bloomberg News
Rockwell International Corp will stop investing in company's In-Flight Network joint venture with News Corp because no airlines have signed up for service, which provides live television and Internet access (S)
Date: 06 April 2001
By Stuart Elliott
Stuart Elliott
Mohegan Sun, casino and entertainment center in Uncasville, Conn, names Cliff Freeman & Partners to handle its advertising account, with billings estimated at $20 million; Sporting News selects DeVito/Verdi to handle its ad account, with billings estimated at $7 million (S)
Date: 06 April 2001
By Fox Butterfield
Fox Butterfield
Texas moves closer to creating its first statewide public-defender system after months of intense national scrutiny of its treatment of criminal defendants; bill approved unanimously by committees in both houses of Legislature would for first time set statewide standards and provide $12 million in state financing for system of representing indigent defendants; Texas is one of only four states that provides no money for that purpose; two years ago, then-Gov George W Bush vetoed far less comprehensive bill; supporters of measure say biggest impetus for change was news coverage of state's troubled system that accompanied Bush's presidential campaign; photo (M)
Date: 05 April 2001
By Craig S. Smith
Craig Smith
American diplomats are denied second meeting with crew of spy plane being held in Hainan Island, China; United States considers scaling down its diplomatic presence on island as concern grows that crew might not be released soon; focus of China's state media shifts from charges of American responsiblity to fate of Chinese pilot who has been missing since he ejected from his aircraft after collision with plane; photos (M)
Date: 06 April 2001
By Bloomberg News
Bloomberg News
Medinol Ltd, supplier of stents used in artery-clearing angioplasties, sues Boston Scientific Corp, accusing it of stealing Medinol technology and of defrauding federal government; says Boston Scientific set up shell company to steal trade secrets, develop replacements for Medinol products and fraudulently obtained Food and Drug Administration approval; Boston Scientific has been trying to buy Medinol in dispute over delays in developing stents; delays caused Boston Scientific's market share in stents to drop to 17 percent last year from 30 percent in 1999 (S)
Date: 05 April 2001
By Bloomberg News
Bloomberg News
Visteon Corp, leading auto parts maker, will cut about 1,800 jobs worldwide, including 12 percent of its salaried work force in US, as North American vehicle production slows (S)
Date: 05 April 2001
By Bloomberg News
Bloomberg News
Ford Motor Co will build diesel-powered 2002 Explorer sport utility vehicles for export to Europe to cater to customer preferences in region; plans to produce 10,000 to 15,000 of vehicles annually at its St Louis assembly plant; Detroit Diesel unit of DaimlerChrysler will supply engines (S)
Date: 05 April 2001
By Bloomberg News
Bloomberg News
Supervalu Inc, food distribution and supermarket company, will cut 4,500 jobs, or 7.3 percent of its work force, as it consolidates distribution centers and leaves some retail markets; will take charge of $153.9 million against earnings in quarter ended Feb 24 to reflect moves; revamping follows loss of distribution contract with Kmart that is expected to reduce revenue this year by $1.7 billion; company reports loss of $93 million in fourth quarter of its fiscal year, compared with profit of $72 million year earlier (S)
Date: 05 April 2001
By Bloomberg News
Bloomberg News
Mattel Inc will close its last US manufacturing plant, in Murray, Ky, and lay off 980 workers to cut costs; production will be moved to Mexico (S)
Date: 06 April 2001
By Bloomberg News
Bloomberg News
Jonathan Bloomer, chief executive of Prudential PLC, says that company will not raise its $20 billion bid for American General Corp, which was topped by American International Group (S)
Date: 06 April 2001
By Bloomberg News
Bloomberg News
Willis Group Holdings, world's third-biggest insurance broker, plans to sell shares in initial public offering (S)
Date: 06 April 2001
By Bloomberg News
Bloomberg News
General Motors is recalling about 6,000 of its 2002 midsize sport utilities because of faulty suspension part; company has idled Ohio plant that makes vehicles until April 16 to resolve problem, affecting about 2,500 of 3,900 workers there (S)