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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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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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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LEHMAN BROTHERS TO TAKE $56 MILLION CHARGE
Date: 10 January 2003
By Bloomberg News
Bloomberg News
Lehman Brothers Holdings will take fourth-quarter after-tax charge of $56 million to pay for settlement of charges that it misled investors with biased research; Lehman, which announced fourth-quarter earnings in December, says profit will be 23 percent less than originally reported; will post profit of $187 million, down from $243 million (S)
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SCHERING SAYS '02 EARNINGS ARE SHORT OF FORECAST
Date: 10 January 2003
By Bloomberg News
Bloomberg News
Schering-Plough says 2002 profit was $1.40 to $1.42 per share, below estimates (S)
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EASTMAN CHEMICAL WILL HAVE LOSS IN 4TH QUARTER
Date: 10 January 2003
By Bloomberg News
Bloomberg News
Eastman Chemical reports fourth-quarter loss because sales declined while it reorganized (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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F.D.A. DELAYS RULING ON ASTRAZENECA CANCER TREATMENT
Date: 10 January 2003
By Bloomberg News
Bloomberg News
AstraZeneca says Food and Drug Administation has delayed decision on cancer treatment Iressa while it reviews safety of product; treatment has been linked to more than 80 deaths in Japan (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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