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Date: 02 October 2002
By Lawrence K. Altman
Lawrence Altman
World Health Organization disavows report in British and US media that it predicts blonds will become extinct in 200 years because recessive gene is dying out; says there is no such report or study (S)
Date: 02 October 2002
Arthur A Lord, television journalist who covered world events for NBC News for more than three decades, dies at 60 (S)
Date: 02 October 2002
By Robin Finn
Robin Finn
Public Lives profile of ABC's political analyst Mark Halperin; photo (M)
Date: 01 October 2002
By Grace Glueck
Grace Glueck
Walter H. Annenberg, the philanthropist, media baron, art collector and former ambassador to Britain, died today.
Date: 02 October 2002
By Grace Glueck
Grace Glueck
Walter H Annenberg, philanthropist, art collector and former ambassador to Britain who built Triangle Publications into vast communications empire that included TV Guide and Philadelphia Inquirer, dies at age 94; Annenberg was one of nation's biggest philanthropists, giving away more than $2 billion in cash to education, art and other causes, and pledging renowned collection of Impressionist and post-Impressionist masterpieces to Metropolitan Museum; photos (L)
Date: 01 October 2002
By Bloomberg News
Bloomberg News
Goody's Family Clothing, a discount retailer with stores in the Southeast and Midwest, said yesterday that it had signed a nonbinding agreement to be bought by a private equity group for as much as $244.2 million. The price will be $6.50 to $7.50 a share, a premium of as much as a 59 percent over today's closing price of $4.72, the company said. The acquisition could close in the first quarter of next year, Goody's said. The identity of the purchaser is not being disclosed. Goody's is based in Knoxville, Tenn.
Date: 02 October 2002
By Bloomberg News
Bloomberg News
Goodyear Tire & Rubber Co's president and chief operating officer, Robert J Keegan, will assume added duties of chief executive on Jan 1; current chief executive, Samir G Gibara, will remain chairman; Goodyear forms executive committee of board, which Gibara will lead (S)
Date: 02 October 2002
By Bloomberg News
Bloomberg News
Saks Inc will cut 295 jobs as it combines headquarters of its Younkers stores with Carson Pirie Scott division offices as part of its cost-reduction measures (S)
Date: 01 October 2002
By Bloomberg News
Bloomberg News
Fidelity Investments, the nation's largest mutual fund company, said yesterday that it would cut 1,695 jobs, or 5.4 percent of its work force, as two and a half years of falling stock prices had thinned the assets it has under management. The job cuts at the company, based in Boston, came after last October's announcement that it would trim 760 jobs, or 2.3 percent of the work force. That time, the brokerage unit accounted for about half the cuts. A Fidelity spokeswoman said the cuts would be felt in almost every unit of the closely held company, which employs more than 31,000. No fund managers or analysts will lose their jobs, she said.
Date: 01 October 2002
By Bloomberg News
Bloomberg News
The CTS Corporation, a maker of electronic components and assemblies, plans to cut an additional 140 jobs and move more work to China to cut costs, it said yesterday. The transfer will take place by the fourth quarter of next year. Last month, CTS cut 160 jobs. It employed 6,000 to 6,200 workers before the new job reductions, a company spokesman said. CTS, based in Elkhart, Ind., now expects related costs to cut third-quarter results by $18.5 million, compared with a previous forecast of $15 million to $17 million. The revamping is expected to increase pretax savings to $15 million to $17 million in 2003 from an earlier estimate of $11 million.