FLEMING WINS CONTRACT TO SUPPLY CONVENIENCE STORES
Date: 15 February 2003
By Bloomberg News
Bloomberg News
Fleming, grocery distributor, wins contract to supply 114 convenience stores for ConocoPhillips in five states; agreement will generate about $35 million a year in sales (S)
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DYNEGY AGAIN RESTATES INCOME FOR 2001 AND 2002
Date: 15 February 2003
By Bloomberg News
Bloomberg News
Dynegy is revising its financial statements for third time since November; net income is reduced by $11 million for 2001 and $13 million for 2002 (S)
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MERRILL'S GLOBAL HEAD OF STOCK RESEARCH RESIGNS
Date: 15 February 2003
By Bloomberg News
Bloomberg News
Deepak Raj resigns as global head of stock research at Merrill Lynch (S)
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UNION SAYS UNITED IS SEEKING GREATER COST CUTS
Date: 15 February 2003
By Bloomberg News
Bloomberg News
Flight attendants union says United Airlines increased its annual target for labor cost savings to $2.56 billion from $2.4 billion (S)
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APPEALS COURT BLOCKS SALE OF DRUG BY RIVAL OF GLAXO
Date: 15 February 2003
By Bloomberg News
Bloomberg News
Court of Appeal in Britain bans Apotex Inc from selling its form of GlaxoSmithKline's best selling-drug until court hearings are held over patent; Apotex, which is based in Toronto, challenged November ruling by lower court preventing it from selling drug, Paxil; drug, depression and anxiety treatment, is called Seroxat in Britain (S)
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TYSON FOODS CHANGES DUTIES OF TWO TOP EXECUTIVES
Date: 15 February 2003
By Bloomberg News
Bloomberg News
Tyson Foods names Richard L Bond as president and chief operating officer; Greg W Lee is named chief administrative officer and president of international operations (S)
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MORGAN CUTS CHIEF'S STOCK AND OPTIONS BONUS IN HALF
Date: 15 February 2003
By Bloomberg News
Bloomberg News
Annual stock and options bonus of William B Harrison Jr, chief executive, of J P Morgan Chase, is cut in half after profit falls for second year; J P Morgan awards Harrison stock options valued at $2.3 million (S)
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BANKRUPTCY COURT APPROVES FAO EXECUTIVE PAY PLAN
Date: 15 February 2003
By Bloomberg News
Bloomberg News
FAO, owner of FAO Schwarz and Zany Brainy toy store chains, wins court permission to pay $1.1 million in bonuses to keep several managers through its bankruptcy reorganization (S)
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Big Accounting Firm Picks a Global Chief
Date: 16 February 2003
By Bloomberg News
Bloomberg News
Board of Deloitte Touche Tohmatsu nominates William G Parrett as chief executive officer (S)
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Settlement Cuts Biogen Net
Date: 15 February 2003
By Bloomberg News
Bloomberg News
Biogen Inc, maker of $1 billion multiple sclerosis drug Avonex, says that its fourth-quarter profit was half of what it reported because of legal settlement with German rival, Schering AG; net income fell 30 percent, to $41.4 million, or 27 cents a share; Biogen said last week it would pay $55 million to settle patent dispute with Schering's Berlex Laboratories Inc over patents for multiple sclerosis drugs (S)
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Coke Bottler Narrows Loss
Date: 15 February 2003
By Bloomberg News
Bloomberg News
Coca-Cola HBC, Europe's biggest bottler of Coke drinks, says that its pretax loss narrowed in fourth quarter as it sold more single-serve bottles and cans that command higher margins; pretax loss put at 40.9 million euros ($44 million) (S)
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Central Parking Withdraws Profit Forecast
Date: 15 February 2003
By Bloomberg News
Bloomberg News
Central Parking Corp withdraws its earnings forecast for year and says its chief financial officer, Hiram A Cox, resigned (S)
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