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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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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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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World Business Briefing | Asia: Philippines: Telecom Stake Offered
Date: 28 June 2003
By Bloomberg News
Bloomberg News
Deutsche Telekom offers to sell its 24.8 percent stake in Philippine cellular company Globe Telecom to its partners Singapore Telecommunications Ltd and Ayala Corp (S)
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World Business Briefing | Americas: Canada: A Diamond Rally
Date: 28 June 2003
By Bloomberg News
Bloomberg News
Shares of Ashton Mining of Canada Inc rise 1.44 to 2.56 Canadian dollars following company's find of four-carat stone in Quebec (S)
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I.R.S. Reviewing Some Fuel-Tax Credits
Date: 28 June 2003
By Bloomberg News
Bloomberg News
Internal Revenue Service is reviewing procedures used by coal companies to qualify for synthetic fuel tax credits under 1980 law; at issue is extent to which synthetic fuels made from coal undergo 'significant chemical change' during processing (S)
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U.S. Aid Gives United's Parent a Profit
Date: 28 June 2003
By Bloomberg News
Bloomberg News
UAL Corp reports net income of $64 million in May; meets bankruptcy loan terms for fourth consecutive month (S)
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