CNN Now Says It Paid $30,000 For Its Videotapes of bin Laden
Date: 21 August 2002
By Jim Rutenberg
Jim Rutenberg
CNN says it paid about $30,000 to people in Afghanistan for videotapes of Osama bin Laden and operatives of Al Qaeda it is now televising; previously indicated that it did not pay for them; insists that money did not go to anyone connected with bin Laden or Qaeda (M)
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FORD IS REVIEWING EMPLOYEE POLICIES ON EVALUATIONS
Date: 22 August 2002
By Bloomberg News
Bloomberg News
Ford Motor Co is reviewing policies, including pay and evaluations, for about 127,000 salaried employees worldwide as it tries to improve worker morale (S)
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CELESTICA TO ELIMINATE WORKERS AS DEMAND SLUMPS
Date: 22 August 2002
By Bloomberg News
Bloomberg News
Celestica Inc, Canadian maker of electronics, will dismiss 750 workers in Britain and Ireland because of lower demand (S)
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HANOVER COMPRESSOR CHOOSES CHIEF EXECUTIVE
Date: 21 August 2002
By Bloomberg News
Bloomberg News
Hanover Compressor Co names Chad Deaton as chief executive after ousting two top officials this month amid federal accounting probe; Deaton will also be president and member of board (S)
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GLAXO WANTS TO PROHIBIT IMPORTS OF GENERIC ANTIBIOTIC
Date: 22 August 2002
By Bloomberg News
Bloomberg News
GlaxoSmithKline asks International Trade Commission to block Novartis from importing to US generic version of Glaxo's antibiotic Augmentin, saying Novartis subsidiaries are using stolen production process; request is part of Glaxo of Britain's efforts to protect its $3-million-a-day US Augmentin market; follows federal judge's ruling in May invalidating Glaxo's patents on antibiotic, which generated more than $2 billion in sales worldwide last year (S)
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CENDANT TO CUT 300 HOTELS IN FRANCHISE SYSTEM
Date: 21 August 2002
By Bloomberg News
Bloomberg News
Cendant Corp, biggest franchiser of hotels, says it will increase number of poorly performing hotels it plans to cut from its system in effort to increase consumer satisfaction; will also cut 130 jobs, or 15 percent of positions inits lodging division; will shed as many as 300 hotels from its franchise system, or up to 40,000 rooms (S)
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MERRILL LYNCH NAMES LAWYER AS RESEARCH MONITOR
Date: 21 August 2002
By Bloomberg News
Bloomberg News
Merrill Lynch names Mark Goldfus to monitor research, filling post it agreed to in its $100 million settlement with New York State Atty Gen Eliot Spitzer; William Genco will be chairman of firm's new research recommendations committee (S)
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UNOCAL TO BUY THE REMAINING STAKE OF PURE RESOURCES
Date: 21 August 2002
By Bloomberg News
Bloomberg News
Unocal Corp acquires shares of Pure Resources Inc that it does not already own for $409 million in stock (S)
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PERELMAN MAY CONVERT STAKE TO CITIGROUP SHARES
Date: 21 August 2002
By Bloomberg News
Bloomberg News
Financier Ronald O Perelman may convert his entire stake in Golden State Bancorp into Citigroup shares when Citigroup completes its purchase of Golden State; Perelman would own 42 million shares, more than chairman Sanford I Weill, who owned 32.6 million as of Feb 28 (S)
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US AIRWAYS TO ELIMINATE 200 FLIGHTS AND 31 PLANES
Date: 22 August 2002
By Bloomberg News
Bloomberg News
US Airways Group, operating under Chapter 11 bankruptcy protection, will eliminate about 200 flights, or 13 percent of its daily schedule, and take 31 aircraft out of service by end of year to lower costs (S)
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