ORMET, AN ALUMINUM PRODUCER, EXITS BANKRUPTCY
Date: 02 April 2005
By Bloomberg News
Bloomberg News
Ormet Corp, closely held aluminum producer, exits bankruptcy protection under court-approved reorganization plan; former creditors, led by investment group MatlinPatterson Asset Management, will become shareholders under plan (S)
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NORTH CASTLE TO BUY ADDICTION TREATMENT CENTER
Date: 02 April 2005
By Bloomberg News
Bloomberg News
North Castle Partners acquires Sierra Tucson, treatment center for substance abuse, gambling and sexual misbehavior, for more than $100 million (S)
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BEST BUY PROFIT FOR FISCAL YEAR TO MISS ESTIMATES
Date: 02 April 2005
By Bloomberg News
Bloomberg News
Best Buy Co says its profit this fiscal year will be below some analysts' estimates, driving its shares lower by 6 percent (S)
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SEARS HOLDINGS TO LAY OFF AT LEAST 250 AT HEADQUARTERS
Date: 02 April 2005
By Bloomberg News
Bloomberg News
Sears Holdings Corp, created by Kmart Holding Corp's purchase of Sears, Roebuck & Co, will lay off at least 250 workers at its headquarters in Hoffman Estates, Ill, as company streamlines operations (S)
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Tomfoolery in News Articles Is a Proud April 1 Tradition Among the Media in Britain
Date: 02 April 2005
By Sarah Lyall
Sarah Lyall
Fake April 1 article is British newspaper tradition, befitting country where news media revel in not taking themselves too seriously; examples of several April 1 articles and BBC hoax report cited; photo (M)
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NEWS SUMMARY
Date: 03 April 2005
Pope John Paul II 39-46 Pope John Paul II Dies Pope John Paul II died in his apartment above St. Peter's Square, succumbing finally to years of illness endured painfully and publicly, ending an extraordinary 26-year reign that remade the papacy. 1 Pope's Successor Unknown There is no clear front-runner for the pope's successor, many church experts agree. So the cardinals gathering to choose the new pope will be weighing a host of factors, including the candidates' country of origin, age, experience and personality. 1 An Obituary John Paul II, who reigned over the longest and most luminous pontificate of the 20th century, the second longest in the history of the church, and the growth of the Roman Catholic Church to more than a billion baptized members from 750 million, was 84. 39 INTERNATIONAL 3-18 20 Wounded in Prison Attack Scores of insurgents made the biggest assault yet on the American-controlled Abu Ghraib prison using suicide car bombs and an array of weapons, American military officials said. At least 20 American soldiers and marines were wounded. 11 Several leading Iraqi politicians have begun saying that flawed measures in the interim constitution are partly to blame for the failure to form a new government. 11 Palestinian Security Issues Mahmoud Abbas, the Palestinian president, accepted the resignation of his security chief on the West Bank after firing the police commander in Ramallah. Gunmen with Al Aksa Martyrs Brigades fired shots at his headquarters in reaction to a demand that they either join the regular security forces or hand over the weapons. 8 Mugabe Warns Opposition President Robert G. Mugabe warned Zimbabwe's political opposition against taking to the streets to protest its defeat in parliamentary elections this week, saying that his government ''can also raise mass action against mass action, and there would naturally be conflicts, serious conflicts,'' as a result. 6 Kyrgyzstan Leader Will Resign Kyrgyzstan's deposed president has agreed to resign without conditions, and the country's top judge said an election to replace him would be held whether he liked it or not. 6 NATIONAL 20-27 Loosening Gun Laws Across the country, efforts to expand or establish laws allowing concealed handguns have been fueled by the high-profile shootings in the last month. In Texas and Illinois, the shootings prompted new legislation to allow judges and prosecutors to be armed. 25 Debate Over a Warhead The government is readying a plan to spend more than $2 billion on a 10-year overhaul to extend the life of an aging warhead that has been the centerpiece of the nation's nuclear arsenal. In recent months it has become the subject of a fierce debate among experts inside and outside the government over its reliability. 1 SPORTSSUNDAY SP1-10 UNC, Illinois Win in Final Four The North Carolina Tar Heels defeated Michigan State, 87-71, to advance to the national championship. North Carolina's victory sets up a national title game between the Tar Heels (32-4) and Illinois (37-1). SP1 NEW YORK/REGION 29-35 Treating Apathy and AIDS Despite warnings from New York City health officials about a rare, possibly more virulent strain of H.I.V., many AIDS activists hold out little hope that the news will prompt substantial or lasting changes in the behavior of gay men. They point to the widespread apathy in which H.I.V. is seen as a nuisance, not a potential killer. 29 Chess 32 Weather 37
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World Business Briefing | Asia: South Korea: Exports Increase
Date: 02 April 2005
By Bloomberg News
Bloomberg News
South Korean exports in March rose to record $24.2 billion, 14.2 percent gain from year earlier; exports in February rose revised 6.7 percent (S)
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Google Doubling Storage on Free E-Mail Service
Date: 02 April 2005
By Bloomberg News
Bloomberg News
Google Inc is doubling amount of storage offered on its e-mail service and plans to remove limits on message capacity as it competes for users with Yahoo Inc; users of Google's service will be able to store two gigabytes of e-mail message, double storage previously offered (M)
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A.I.G. Shares Decrease 8%, to a Two-Year Low
Date: 02 April 2005
By Bloomberg News
Bloomberg News
Shares of American International Group drop $4.46, to $50.95--their lowest since April 1, 2003--as concerns mount that investigators might find more improper accounting (M)
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World Business Briefing | Europe: Italy: Campari Plans Vodka In U.S.
Date: 02 April 2005
By Bloomberg News
Bloomberg News
Beverage maker Davide Campari-Milano will introduce new vodka drink in US in attempt to increase market share there; company also says it has option to buy Martin Miller's brand gin from Reformed Spirits Co Ltd, which it will start distributing in US (S)
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