Executives Signal No Layoffs In San Jose Paper's Newsroom
Date: 21 March 2001
By Felicity Barringer
Felicity Barringer
San Jose Mercury News executive editor, David M Yarnold, and general manager, Mindi Keirnan, say newspaper can make necessary cutbacks without laying off employees; announcement comes one day after Jay T Harris resigned as publisher rather than meet profit targets of its owners, Knight Ridder (M)
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CYPRESS COMMUNICATIONS WILL TRIM ITS WORK FORCE
Date: 22 March 2001
By Bloomberg News
Bloomberg News
Cypress Communications Inc, seller of telephone services and Internet access, will lay off 200 workers, or half of its work force, as part of its plan to become profitable in second half of 2003 (S)
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EARNINGS AT NIKE PLUMMET 33% IN THE LATEST QUARTER
Date: 21 March 2001
By Bloomberg News
Bloomberg News
Nike Inc says profit fell 33 percent in fiscal third quarter, to $97.4 million; sales were little changed at $2.17 billion (S)
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LIBBEY WILL TRIM PRODUCTION AS EARNINGS MISS TARGETS
Date: 21 March 2001
By Bloomberg News
Bloomberg News
Libbey Inc, leading maker of glassware, will reduce production at its plants in US and joint venture in Mexico; says its first-quarter earnings will be below analysts' estimates (S)
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A MAKER OF MANUFACTURED HOMES SHUTTERS TWO PLANTS
Date: 21 March 2001
By Bloomberg News
Bloomberg News
Champion Enterprises, maker of manufactured homes, closes 2 plants and 30 sales centers to reduce its inventory of homes (S)
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BANK OF AMERICA AND FARMERS INSURANCE ENTER VENTURE
Date: 21 March 2001
By Bloomberg News
Bloomberg News
Bank of America and Farmers Insurance Group are forming partnership to sell insurance and banking products; Bank of America will sell Farmers insurance for homes and cars at its branches, while Farmers will market Bank of America's checking and savings accounts and consumer loans through its 17,000 agents (S)
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MOODY'S LOWERS RATING ON PENNEY DEBT TO JUNK STATUS
Date: 22 March 2001
By Bloomberg News
Bloomberg News
J C Penney Co's debt is reduced to junk status by Moody's Investors Service; about $5.4 billion of debt is affected by ratings changes (S)
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OWENS-ILLINOIS TO SELL ITS MONEY-MANAGEMENT UNIT
Date: 22 March 2001
By Bloomberg News
Bloomberg News
Owens-Illinois Inc agrees to sell its Harbor Capital Advisors money-management business to Robeco Groep of Netherlands for $490 million to reduce debt while preparing to pay asbestos claims (S)
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COMMERCE ONE IN EXTERPRISE DEAL
Date: 21 March 2001
By Bloomberg News
Bloomberg News
Commerce One acquires Exterprise Inc, another software maker, for $78 million (S)
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AUTO PARTS MAKER ACQUIRED
Date: 22 March 2001
By Bloomberg News
Bloomberg News
Germany's ThyssenKrupp agrees to buy suspension-making unit of Fiat SpA's Magneti Marelli auto components subsidiary in transaction worth as much as 500 million euros ($500 million) to expand its car parts business; ThyssenKrupp will buy 51 percent of unit and has option to buy rest by 2004 (S)
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