OCCIDENTAL REVISES QUARTERLY PROFIT UPWARD
Date: 09 February 2005
By Bloomberg News
Bloomberg News
Occidental Petroleum Corp says fourth-quarter profit was 12 percent higher than previously reported because of increased value of its stake in Lyondell Chemical; net income was $742 million, rather than $665 million reported on Jan 24 (S)
Full Article
DONNKENNY, CLOTHING MAKER, FILES FOR BANKRUPTCY
Date: 08 February 2005
By Bloomberg News
Bloomberg News
Donnkenny, which makes women's clothing under Pierre Cardin and Nicole Miller brands, files for bankruptcy protection after its largest creditor, CIT Group/Commercial Services, says it will stop financing company (S)
Full Article
INVITROGEN TO BUY DYNAL BIOTECH IN LATEST ACQUISITION
Date: 09 February 2005
By Bloomberg News
Bloomberg News
Invitrogen Corp, which makes chemical kits used to analyze and clone genes, agrees to acquire closely held Dynal Biotech for about 2.5 billion Norwegian kroner ($381.6 million) to gain technology for cell research; acquisition from Nordic Capital and Ratos will help speed development of products (S)
Full Article
S.E.C. CONDUCTING INFORMAL INQUIRY ON WET SEAL
Date: 09 February 2005
By Bloomberg News
Bloomberg News
Wet Seal, which sells clothing for young women, says Securities and Exchange Commission has begun informal probe of company's disclosure of second-quarter loss and prior sales of shares involving former chairman Irving Teitelbaum; SEC requests documents relating to sale of stock in 2004 by La Senza Corp, Montreal retailer now headed by Teitelbaum (S)
Full Article
LUBRIZOL POSTS 79% RISE IN QUARTERLY EARNINGS
Date: 08 February 2005
By Bloomberg News
Bloomberg News
Lubrizol Corp's profit rose 79 percent in fourth quarter; net income rose to $19.9 million from $11.1 million year earlier; sales rose 80 percent, to record $936.2 million (S)
Full Article
GOLDMAN CHIEF'S COMPENSATION ROSE 40% IN 2004
Date: 08 February 2005
By Bloomberg News
Bloomberg News
Goldman Sachs Group chief executive Henry M Paulson Jr was paid $29.8 million in 2004, raise of about 40 percent from 2003; president-chief operating officer Lloyd C Blankfein received $29.5 million in salary and resticted stock for 2004 (S)
Full Article
HASBRO POSTS PROFIT AFTER CUTTING COSTS
Date: 08 February 2005
By Bloomberg News
Bloomberg News
Hasbro says its fourth-quarter profit rose 7.2 percent; net income increased $82.1 million; revenue fell 5.6 percent, to $1.1 billion (S)
Full Article
GOODRICH PROFIT CLIMBED 62% IN FOURTH QUARTER
Date: 08 February 2005
By Bloomberg News
Bloomberg News
Goodrich Corp says fourth-quarter profit rose 62 percent; net income climbed to $36.7 million from $22.6 million year ago; sales rose 12 percent, to $1.26 billion (S)
Full Article
ARMY SEEKS MONEY FOR BOEING AND SIKORSKY ORDERS
Date: 08 February 2005
By Bloomberg News
Bloomberg News
US Army is seeking $3.9 billion to buy new and refubished helicopters from Sikorsky unit of United Technologies Corp and from Boeing Co in 2006 and 2007 (S)
Full Article
ATA AIRLINES TO SELL CHICAGO EXPRESS UNIT
Date: 08 February 2005
By Bloomberg News
Bloomberg News
ATA Airlines, which is operating under bankruptcy protection, plans to sell its Chicago Express commuter unit; unit will cease operations on March 28 (S)
Full Article