BERKSHIRE HATHAWAY ACQUISITION PLAN MOVES AHEAD
Date: 28 June 2003
By Bloomberg News
Bloomberg News
Delaware court refuses to halt shareholders from voting on Berkshire Hathaway Inc's $1.7 billion acquisition of mobile home manufacturer Clayton Homes Inc; suit was filed by Orbis Investment Management Ltd (S)
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UBS HIRES EXECUTIVE FROM INSTINET GROUP
Date: 28 June 2003
By Bloomberg News
Bloomberg News
UBS hires Will Sterling, president of Instinet Group's Island ECN, to run its institutional electronic equities trading operations (S)
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GENENTECH CANCER DRUG TO GET ACCELERATED REVIEW
Date: 28 June 2003
By Bloomberg News
Bloomberg News
Food and Drug Administration grants 'fast track' designation to Genentech Inc's experimental colon cancer drug Avastin (S)
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NESTLÉ TO SPEND $150 MILLION TO REORGANIZE DREYER'S
Date: 28 June 2003
By Bloomberg News
Bloomberg News
Nestle will spend $150 million to cut jobs and integrate operations that it acquired in its $2.8 billion purchase of Dreyer's Grand Ice Cream Inc (S)
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WPP GROUP REACHES AGREEMENT WITH CORDIANT LENDER
Date: 27 June 2003
By Bloomberg News
Bloomberg News
WPP Group says last remaining lender to Cordiant Communications Group has agreed to sell its debt for 90 million pounds ($149.5 million) including fees, paving way for WPP's acquisition of company (S)
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DELAY IS FORCING RAYTHEON TO TAKE $90 MILLION CHARGE
Date: 27 June 2003
By Bloomberg News
Bloomberg News
Raytheon Co will record costs of $90 million in second quarter because completion of power plant in Weymouth, Mass, will be delayed by as much as month (S)
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BIOVAIL AND GLAXO EXPECT F.D.A. TO GIVE CONSENT TO DRUG
Date: 27 June 2003
By Bloomberg News
Bloomberg News
Canadian drug maker Biovail Corp and British partner GlaxoSmithKline expect Food and Drug Administration approval of longer-lasting version of antidepressant drug Wellbutrin in second half of year (S)
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BMC INDUSTRIES TO SHIFT WORK FROM EUROPE TO NEW YORK
Date: 28 June 2003
By Bloomberg News
Bloomberg News
Eyeglass lense manufacturer BMC Industries will move some operations from Europe to its plant in Cortland, NY; is considering sale of some assets (S)
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HCA AGREES TO PAY $631 MILLION TO RESOLVE FRAUD CLAIMS
Date: 27 June 2003
By Bloomberg News
Bloomberg News
Justice Department says HCA Inc will pay $631 million to resolve allegations that company filed false Medicare reports and paid doctors kickbacks to refer patients to company hospitals (S)
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Both Income And Spending Were Higher Last Month
Date: 28 June 2003
By Bloomberg News
Bloomberg News
Commerce Department reports consumer spending rose 0.1 percent in May, third consecutive monthly increase; incomes rose 0.3 percent; University of Michigan's sentiment index fell to 89.7 from 92.1 in April; graph (M)
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