SOTHEBY'S INCREASES ITS COMMISSIONS ON SALES
Date: 11 January 2003
By Bloomberg News
Bloomberg News
Sotheby's Holdings Inc increases commission it charges on sales of auctioned goods to as much as 20 percent; also raises premium charged to buyers (S)
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FORD IS ADDING TO UNDERFUNDED PENSION PLAN
Date: 11 January 2003
By Bloomberg News
Bloomberg News
Ford Motor Co says it added $500 million to its underfunded United States pension plan in Jan and will add $500 million more by June; cut assumed rate of return on pension funds to 8.75 percent from 9.5 percent (S)
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MASTERCARD TO MOVE BACKUP DATA CENTER TO MISSOURI
Date: 11 January 2003
By Bloomberg News
Bloomberg News
MasterCard International Inc will move its backup data center to Kansas City, Mo, from its current undisclosed site on Long Island, NY (S)
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TENET HEALTHCARE REFINANCES $500 MILLION IN LOANS
Date: 11 January 2003
By Bloomberg News
Bloomberg News
Tenet Healthcare Corp refinances $500 million in loans to take advantage of lower interest rates (S)
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FILINGS SHOW DETAILS OF LUCENT EQUIPMENT BUYBACK
Date: 11 January 2003
By Bloomberg News
Bloomberg News
Lucent Technologies reports it paid some $48 million to Solectron Corp to buy back unsold fiber optic equipment after two companies cancelled $2 billion manufacturing contract (S)
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STATE STREET SAYS 4TH-QUARTER EARNINGS TRIPLED
Date: 11 January 2003
By Bloomberg News
Bloomberg News
Financial custodian State Street Corp says fourth-quarter earnings almost tripled, to $477 million, from year-earlier $171 million; revenue rose 46 percent, to $1.5 billion (S)
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MIRANT TO FREE UP CASH IN EFFORT TO AVOID BANKRUPTCY
Date: 11 January 2003
By Bloomberg News
Bloomberg News
Electricity producer and natural gas trader Mirant Corp will pay $270 million in penalties to cancel orders for power plant turbines and reduce sales of gas by half in effort to free up cash and avoid bankruptcy (S)
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When the Rockettes Were the Real News
Date: 12 January 2003
By George Vecsey
George Vecsey
George Vescey Urban Studies article, recalling his family's long history of working at Associated Press building in Rockefeller Center, decries AP's plan to move somewhere less expensive; photo (M)
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Corning Considers Additional Job Cuts
Date: 11 January 2003
By Bloomberg News
Bloomberg News
CORNING, N.Y., Jan. 10 (Bloomberg News) — Corning Inc., which is a leading maker of optical fiber for carrying phone calls and data, said today that it might cut more jobs this year and was considering options like partnerships for its fiber optic parts business.
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World Business Briefing | Asia: Japan: Sharp Predicts Doubling Of TV Sales
Date: 11 January 2003
By Bloomberg News
Bloomberg News
Largest liquid crystal display television manufacturer Sharp Corp predicts its sales of such televisions will double in next year (S)
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