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29th of January 2003 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 29. januar 2003
AOL Reporting Further Losses; Turner Resigns
Date: 30 January 2003
By David D. Kirkpatrick and Jim Rutenberg
David
AOL Time Warner reports unexpectedly large fourth-quarter loss, writing down value of AOL division by $35 billion and value of cable division by $10 billion; Ted Turner says he will step down as company's vice chairman; new write-downs follow $54 billion write-down in first quarter of last year, bringing total reduction in value of its assets since merger to $100 billion; writedowns are required by recent changes in accounting rules and do not affect company's continuing operations; Richard D Parsons, chief executive, says 2003 will be 'reset year' with no growth in profits as company strives to whittle down huge $26.5 billion debt that has virtually immobilized it; pledges to cut debt to $24.5 billion by end of year; says it might take two more years to get to goal of $20 billion; Turner, who may also leave company's board, is said to be stepping down from company's management because of desire for more freedom to sell his depressed stock, and sense of finality after Stephen M Case, architect of merger, resigned as chairman two weeks ago; is said to be disillusioned with company and particularly with way it has managed CNN network that he founded; photo; charts (L)
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Off-Season Changes Give Mets a Reason to Hope
Date: 29 January 2003
By Jack Curry
Jack Curry
New York Mets unveil 2003 team at winter caravan, and excitedly discuss hopes for 2003 season with media; photo (M)
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World Briefing | Africa: Zimbabwe: American Journalists Detained
Date: 29 January 2003
By Rachel L. Swarns (NYT)
Rachel Swarns
American journalists Dina Kraft and Jason Beaubian are arrested and subsequently released by Zimbabwe authorities when their local photographer takes pictures of government grain depot; journalists were hired by government to document food shortage (S)
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Animal Deaths Prompt Review at National Zoo
Date: 29 January 2003
By Christopher Marquis
Christopher Marquis
National Zoo's director, Dr Lucy H Spelman, orders sweeping review of animal care procedures after series of recent deaths among zoo's animals, including pygmy hippopotamus, two red pandas, white tiger, lion, Masai giraffe and gray seal; will also appoint new curator to oversee daily operations; zoo spokesman notes probable cause of most of deaths is benign and suggests they would be unremarkable in less media-saturated city or involved less crowd-pleasing animals; photo (M)
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CHIEF FINANCIAL OFFICER IS NAMED BY A.D.P.
Date: 30 January 2003
By Bloomberg News
Bloomberg News
Automatic Data Processing names Karen Dykstra as its chief financial officer (S)
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CARREKER WILL RESTATE RESULTS REPORTED SINCE 1998
Date: 29 January 2003
By Bloomberg News
Bloomberg News
The Carreker Corporation, whose software and computer consulting services help banks process checks and manage cash machines, said yesterday that it would restate profit and sales since fiscal 1998 because the company had booked some revenue too soon. The stock gained 31 percent after Carreker said that a review by the company and auditors found no evidence that managers had tried to mislead or deceive. Some revenue from sales of software licenses and service contracts was recorded too early. The sales will be shifted to later quarters. Carreker closed up 78 cents, at $3.29.
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GEORGE LUCAS MOVES TO CONSOLIDATE HIS BUSINESSES
Date: 29 January 2003
By Bloomberg News
Bloomberg News
The filmmaker George Lucas is combining his movie production company, Lucasfilm, and related businesses. Lucasfilm's president, Gordon Radley, 56, said he was resigning to focus on other pursuits. Lucasfilm named the chief financial officer, Micheline Chau, 50, as chief operating officer. The other businesses are Lucas Digital, LucasArts Entertainment and Lucas Licensing. Mr. Lucas will remain chief executive and chairman of the closely held company, based in San Rafael, Calif.
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HOME DEPOT WILL COMBINE 2 REGIONAL DIVISIONS
Date: 29 January 2003
By Bloomberg News
Bloomberg News
Home Depot said yesterday that it would combine its New England and Eastern divisions to reduce costs. The expanded Eastern division, based in Atlanta, will oversee more than 600 stores with 110,000 employees, the company said. Merchandising and support operations will move to South Plainfield, N.J., from Canton, Mass. Home Depot decided on the consolidation after successfully combining its Southeast and Mid-Atlantic divisions last year. The combination will not hurt earnings, cause store closings or cut jobs, Home Depot said. The company also said it would open 10 stores in New England, creating 2,000 jobs.
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TIMKEN WILL MISS FIRST-QUARTER PROFIT EXPECTATIONS
Date: 30 January 2003
By Bloomberg News
Bloomberg News
Timken Co says first-quarter profit will fall behind analysts' estimates (S)
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FISHER COMMUNICATIONS SELLS 2 TV STATIONS
Date: 30 January 2003
By Bloomberg News
Bloomberg News
Fisher Communications sells two television stations in Georgia to Southeastern Media Holding for about $40 million, which represents loss of about $17 million; stations are WFXG-TV in Augusta and WXTX-TV in Columbus (S)
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