MERCK TO REVISE LABEL INFORMATION FOR VIOXX
Date: 12 April 2002
By Bloomberg News
Bloomberg News
Merck & Co will revise prescribing information for its Vioxx painkiller to show both cardiovascular risks and benefit in reducing side effects like ulcers in arthritis patients; will include information on higher risks of heart attacks in Vioxx patients, compared with risk in patients taking older painkiller, naproxen; will also note results from study showing that Vioxx patients have fewer gastrointestinal side effects than patients on naproxen (S)
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U.S. REQUESTS INFORMATION ON NORTHROP BID FOR TRW
Date: 12 April 2002
By Bloomberg News
Bloomberg News
Justice Department antitrust regulators have requested more information on Northrop Grumman's $11.4 billion unsolicited bid for TRW (S)
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BANKNORTH GROUP AGREES TO BUY BANCORP CONNECTICUT
Date: 12 April 2002
By Bloomberg News
Bloomberg News
Banknorth Group, Maine's biggest bank, will buy Bancorp Connecticut for $157 million (S)
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SOME FORD RETIREES WILL PAY MORE FOR MEDICAL CARE
Date: 12 April 2002
By Bloomberg News
Bloomberg News
Ford Motor Co tells retired salaried employees in US that they will pay more of their health care costs starting in June; retirees, who do not pay monthly premium now, may pay $5 to $150 per month depending on number of people covered, their Medicare status and coverage plan they select; retired workers represented by United Auto Workers are not affected (S)
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PRIVATE EQUITY FIRMS TO BUY HERBALIFE FOR $685 MILLION
Date: 11 April 2002
By Bloomberg News
Bloomberg News
Herbalife International Inc, which markets weight-loss and nutritional products, agrees to be acquired by equity firms Whitney & Co and Golden Gate Capital Inc for $685 million in cash (S)
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GENENTECH SHARES FALL ON CONCERNS ABOUT CANCER DRUG
Date: 12 April 2002
By Bloomberg News
Bloomberg News
Shares of Genentech fall more than 12 percent after study raises concerns about safety of its experimental cancer drug Avastin; study findings were not supposed to be disclosed until meeting of American Society of Clinical Oncology in May (S)
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XTO AGREES TO BUY $164 MILLION IN ENERGY PROPERTIES
Date: 12 April 2002
By Bloomberg News
Bloomberg News
XTO Energy, natural gas producer, agrees to buy $164 miillion of energy properties in Texas, Louisiana and New Mexico; will acquire properties in Wyoming from CMS Energy for $101 million and exchange them for assets owned by Marathon Oil in Texas and Louisiana; will also buy properties in New Mexico from Marathon for $43 million and some in Texas for $20 million from unidentified seller (S)
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REVLON HIRES CLAIROL EXECUTIVE TO OVERSEE MAKEUP LINE
Date: 12 April 2002
By Bloomberg News
Bloomberg News
Revlon hires Debra Leipman-Yale, who was president of Clairol's international unit, as executive vice president and global general manager, replacing Cheryl Vitali, who resigned in February (S)
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PROCTER & GAMBLE CHIEF EXECUTIVE GETS ADDITIONAL TITLE
Date: 11 April 2002
By Bloomberg News
Bloomberg News
Procter & Gamble Co gives A G Lafley additional title of chairman, after profit climbed during his two years as chief executive; Lafley will assume post on July 1 with postponed retirement of John Pepper, former chief executive who came back to work to assist Lafley (S)
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KOHLBERG KRAVIS TO SELL NEARLY HALF ITS STAKE IN IDEX
Date: 11 April 2002
By Bloomberg News
Bloomberg News
Kohlberg Kravis Roberts & Co plans to sell almost half of its stake in Idex Corp, maker of industrial pumps, for estimated $163 million (S)
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AOL SHARES PLUNGE AFTER $368 MILLION BLOCK SALE
Date: 11 April 2002
By Bloomberg News
Bloomberg News
Shares of AOL Time Warner fall to their lowest level since company was formed after $368 million block sale is brokered by Credit Suisse First Boston (S)
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