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Date: 14 May 2003
By Bloomberg News
Bloomberg News
Schering-Plough Corp retracts its estimate for annual profit and says its first-quarter earnings dropped 71 percent; says net income fell to $173 million from $600 million year earlier; sales decreased 19 percent, to $2.07 billion from $2.56 billion (S)
Date: 14 May 2003
By Bloomberg News
Bloomberg News
J P Morgan Chase & Co and Intrawest Corp forms partnership Leisura Developments US to finance and develop residences at resorts in US (S)
Date: 14 May 2003
By Bloomberg News
Bloomberg News
America West Airlines will end free meals in coach sections of its planes after this week (S)
Date: 14 May 2003
By Bloomberg News
Bloomberg News
Gap Inc promotes Tom Sands to manager of its Old Navy stores and places Brian Lynch in charge of store operations at its factory outlets; Sands is named executive vice president of Old Navy Stores; Lynch is named senior vice president and will oversee factory stores for Gap, Banana Republic and Old Navy chains (S)
Date: 13 May 2003
By Bloomberg News
Bloomberg News
Eastman Kodak acquires rapid-film-processing technology of Applied Science Fiction Inc to increase sales at kiosks (S)
Date: 13 May 2003
By Bloomberg News
Bloomberg News
Dwyer Group Inc, which frachises businesses in plumbing, carpet cleaning, glass replacement and other services, agrees to be acquired by private equity firm Riverside Co for about $50 million (S)
Date: 13 May 2003
By Bloomberg News
Bloomberg News
Stillwater Mining, nation's only producer of platinum and palladium, rejects offer by unnamed investment bank, saying it is inferior to agreement with MMC Norilsk NickelGroup of Russia; unnamed bank's offer would provide less than $35 million, and Norilsk would pay equivalent of about $111 million (S)
Date: 14 May 2003
By Bloomberg News
Bloomberg News
McDonald's Corp says sales in US rose 1.3 percent in April, first increase in 14 months, because of demand for new salads with Newman's Own dressings; global sales at restaurants open at least 13 months dropped 0.8 percent, 14th straight monthly decline; chief executive James Cantalupo comments (S)
Date: 14 May 2003
By Bloomberg News
Bloomberg News
Navistar International Corp plans to increase Springfield, Ohio, factory's daily production of medium-duty trucks and school buses 17 percent starting in July; plant will begin building 167 of trucks and buses on July 21, up from 143 (S)
Date: 14 May 2003
By Bloomberg News
Bloomberg News
Bear Stearns & Co's private equity unit and Trimaran Capital Partners agree to buy Packaged Ice Inc, largest ice maker in nation, for about $450 million (S)