FRIEDMAN, BILLINGS TO ACQUIRE MORTGAGE LENDER
Date: 12 January 2005
By Bloomberg News
Bloomberg News
Friedman, Billings, Ramsey Group plans to buy First NLC Financial Services for $88 million in cash and stock; Firedman Billings says acquisition is part of broader plan to expand types of mortgage assets in its real estate investment trust portfolio (S)
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XTO ENERGY TO PURCHASE ANTERO RESOURCES
Date: 12 January 2005
By Bloomberg News
Bloomberg News
Natural gas producer XTO Energy acquires Antero Resources Corp, privately held natural gas producer; will pay $337.5 million in cash, 10 million shares and warrants for additional 1.5 million shares (S)
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WILLIAMS-SONOMA SALES LESS THAN EXPECTED
Date: 12 January 2005
By Bloomberg News
Bloomberg News
Williams-Sonoma says sales increased less than expected during holiday shopping season, hurt by poor results at its Pottery Barn unit; overall sales rose 7.3 percent, to $775.9 million, in eight weeks ended Dec 26 (S)
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U.P.S. LOWERS FOURTH-QUARTER PROFIT FORECAST
Date: 12 January 2005
By Bloomberg News
Bloomberg News
United Parcel Service says fourth-quarter profit was less than it expected because of growth of package shipments slowed in final week of 2004 and storms in Midwest raised costs (S)
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TUPPERWARE TO CUT JOBS AS IT IMPORTS MORE PRODUCTS
Date: 12 January 2005
By Bloomberg News
Bloomberg News
Tupperware Corp cuts about 250 jobs at its plant in Hemingway, SC, because it has decided to increase imports of its products from outside US (S)
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BORDERS RAISES FORECAST FOR FOURTH-QUARTER EARNINGS
Date: 13 January 2005
By Bloomberg News
Bloomberg News
Bookstore chain Borders Group raises forecast for fourth-quarter earnings after holiday sales rose more than expected; total sales rose 4.8 percent from Oct 25 through Jan 9, while sales at superstores open at least one year incresed 1.4 percent during holiday season; sales also rose at Borders stores overseas (S)
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LASALLE BANK CUTS JOBS IN CONSUMER BANKING
Date: 12 January 2005
By Bloomberg News
Bloomberg News
LaSalle Bank Corp eliminates about 500 consumer banking jobs in Illinois and Michigan in sales force reorganization; cuts represent about 2.8 percent of work force (S)
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FULTON FINANCIAL TO BUY PARENT OF SOMERSET VALLEY BANK
Date: 12 January 2005
By Bloomberg News
Bloomberg News
Fulton Financial Corp acquires SVB Financial Services for about $89 million to increase its business in New Jersey (S)
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CLEVELAND-CLIFFS TO BUY PORTMAN, AN IRON ORE PRODUCER
Date: 12 January 2005
By Bloomberg News
Bloomberg News
Cleveland-Cliffs acquires Australian iron ore producer Portman Ltd for $465 million to increase sales to Chinese steel makers (S)
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ZEON UNIT PLEADS GUILTY TO JUSTICE DEPT. CHARGES
Date: 13 January 2005
By Bloomberg News
Bloomberg News
Zeon Corp unit Zeon Chemicals agrees to pay fine of $10.5 million and pleads guilty to charges of fixing prices of synthetic rubber (S)
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