LUFTHANSA AND NETJETS WILL COLLABORATE ON CHARTER JETS
Date: 08 March 2005
By Bloomberg News
Bloomberg News
Lufthansa and NetJets Will Collaborate
Replaying tisdag 8 mars 2005
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8th of March 2005 News
Nyheter som framträdde på New York Times framsida den 8 mars 2005
ROCKWELL COLLINS WILL BUY A NORTHROP GRUMMAN UNIT
Date: 08 March 2005
By Bloomberg News
Bloomberg News
Rockwe
PLANT SHUTDOWN WILL REDUCE PROFIT AT GENERAL MOTORS
Date: 08 March 2005
By Bloomberg News
Bloomberg News
General Motors says its first-quarter profit will be reduced by about $79 million by shutdown of Lansing, Mich, plant that makes Grand Am and Chevrolet Classic cars that will be discontined; factory's 3,000 workers will be laid off in second quarter (S)5
PLAYTEX CAN PURSUE PATENT LAWSUIT AGAINST P.&G.
Date: 08 March 2005
By Bloomberg News
Bloomberg News
Playtex Can Pursue Patent Lawsuit Against P.&G.
MAKER OF CAR SEATS FORECASTS 12% INCREASE IN EARNINGS
Date: 09 March 2005
By Bloomberg News
Bloomberg News
Maker of Ca
Witness Deceitful, Scrushy Lawyer Says
Date: 09 March 2005
By Bloomberg News
Bloomberg News
Jim Parkman, lawyer for HealthSouth Corp founder Richard M Scrushy, seeks to portray former finance chief Michael D Martin as deceitful and violent executive who hid $2.7 billion company fraud from his former boss; Martin, who is among 15 people to plead guilty in accounting fraud, is government witness in Scrushy's trial (S)
Shell Inflated Reserves by 41%
Date: 08 March 2005
By Bloomberg News
Bloomberg News
Royal Dutch/Shell Group reports its oil and gas reserves as of 2002 was overstated by 41 percent; Shell has made five cuts in reserve number, leading to investor lawsuits, replacement of three senior executives and more than $150 million in fines; US Justice Department is conducting criminal investigation into Shell's statements of its oil and gas reserves; company amends annual reports, lowering net income for 1999 through 2003 in connection with previously announced cuts; lowers net income for 2003 by $183 million, to $12.31 billion, and for 2002 by $66 million, to $9.66 billion (M)
World Business Briefing | Asia: Japan: Investor For Retailer Selected
Date: 08 March 2005
By Bloomberg News
Bloomberg News
Consortium led by Marubeni Corp trading company will buy one-third stake in ailing Japanese supermarket chain Daiei for nearly $600 million; state-backed corporate turnaround body chooses Marubeni and its financial backer, domestic buyout firm, Advantage Partners, to help overhaul Daiei; Marubeni will invest 18.6 billion yen ($177.6 million) in Daiei in return for 10.9 percent equity stake; Advantage Partners will provide 43.4 billion yen in return for initial 23.4 percent stake; Marubeni's president Nobuo Katsumata comments; photo (S)
NEWS SUMMARY
Date: 08 March 2005
INTERNATIONAL A3-12 U.N. Critic Bolton Chosen As Ambassador to U.N. President Bush chose John R. Bolton, a blunt-spoken conservative known for his sharp skepticism toward the United Nations and international diplomacy, as the new United States ambassador to the U.N. A1 No Date for Syrian Withdrawal The Syrian president, Bashar al-Assad, clarified the extent of a troop withdrawal from Lebanon, saying that Syria will move its soldiers to the border by the end of March but has no timetable to remove any of them from the country. A8 Attacks in Iraq Kill a Dozen Insurgents carried out a string of armed assaults and suicide bombings in central Iraq, killing at least a dozen Iraqi Army soldiers and police officers and five civilians, officials said. A12 Bolivia President Offers to Quit President Carlos Mesa of Bolivia offered Congress his resignation in the face of road-choking protests that he said had made the country nearly ungovernable. A3 Pope to Be Home for Holy Week Pope John Paul II continues to recover well and could be discharged from the hospital before the week of church celebrations leading up to Easter, on March 27, the Vatican said. A4 Moldova Elections Evaluated Parliamentary election in Moldova, won by the governing Communist Party, generally met Western election standards but had shortcomings that should be eliminated in future races, according to international observers. A10 El Salvador Killings Inquiry The Organization of American States will reopen an investigation based on new forensic evidence into the massacre of hundreds of peasants in 1981 at El Mozote, El Salvador, by a U.S.-trained Salvadorean Armed Forces battalion. A7 Avian Flu in Vietnam Vietnam has reported four new cases of human avian influenza, the World Health Organization said. Health officials worry that the avian strain may combine with human influenza to create a new virus. A3 NATIONAL A14-19 Laws Let Terror Suspects Buy Guns, Report Finds Dozens of terrorist suspects on federal watch lists were allowed to buy firearms legally in the United States last year, according to a Congressional investigation that cites major vulnerabilities in federal gun laws. A1 Power Company Settles Suit The Justice Department said it reached a settlement with the Illinois Power Company over violations of the Clean Air Act that will require the company to spend $500 million on new pollution-control equipment and to pay $9 million in fines, the largest penalty ever levied on a power company for excessive emissions. A14 Court Revisits Sentencing Law The Supreme Court, in a decision indicating that its re-examination of the role of judges in criminal sentencing is far from over, overturned a 15-year mandatory sentence that a federal appeals court had ordered imposed on a ''career criminal.'' A15 Boy Recounts Acts by Jackson The 14-year-old brother of the boy who has accused Michael Jackson of sexually molesting him testified that he twice saw the singer lying on a bed masturbating while he groped the boy with his other hand. A16 Drug Cost Rule Not Enforced Federal health officials are not enforcing a law that requires drug companies to cut their prices on drugs purchased for poor people under Medicaid, Congressional investigators said. A16 Group Backs Bush's Plan The Progress for America Voter Fund, a Republican political advocacy group, began a $2 million campaign of television commercials supporting President Bush's Social Security plan. A19 EDUCATION University President Resigning The president of the University of Colorado, Elizabeth Hoffman, announced her resignation after struggling with a football recruiting scandal and a firestorm over a professor who likened some 9/11 victims to Nazis. A14 NEW YORK/REGION B1-10 CSX Agrees to Settlement Over Broken Signals New York's attorney general, Eliot Spitzer, said the railroad giant CSX Transportation had agreed to pay $1 million to settle state charges that it violated safety laws by failing to promptly fix and report hundreds of warning-signal malfunctions at grade crossings. A1 Deadlock in Officer's Trial A Manhattan jury declared that it was hopelessly deadlocked and could not reach a verdict in the trial of Bryan A. Conroy, a police officer charged with manslaughter for killing an unarmed man in a warehouse in Chelsea. B1 Pro- Stadium Ads Rejected Cablevision, which believes that a proposed West Side sports stadium would take away business from its famed arena, Madison Square Garden, is refusing to run advertisements in favor of the stadium. B1 SCIENCE TIMES F1-10 Health & Fitness F5 FASHION B11 SPORTSTUESDAY D1-7 ARTS E1-10 9 Arrests in Munch Theft In a police action that art lovers hoped would shed light on the theft of Edvard Munch's ''The Scream'' last summer, nine people were arrested in Oslo in the theft of three lesser works by Munch. But a police spokesman said there was nothing to indicate a link between this theft and ''The Scream'' robbery. E3 OBITUARIES A20-21 Hans Bethe The physicist who discovered the violent reactions behind sunlight and helped devise the atom bomb, he was 98. A1 BUSINESS DAY C1-15 Chief of Boeing Resigns The chief executive of the Boeing Company, Harry C. Stonecipher, who was brought out of retirement 15 months ago to clean up the company's tarnished image and restore its credibility, was forced to resign for having an affair with a female Boeing executive. A1 Stringer's Vision for Sony Sir Howard Stringer, in his first news conference since being named the first Westerner to take the top job at Sony, emphasized breaking down internal divisions at the company. C1 Economy's Sweet Spot A wide variety of indicators suggests that the United States' economy is in a sweet spot, with soaring business investment, moderate inflation and rising employment. But for all the good news, many economic forecasters remain worried about the broader global imbalances. C1 Ruling Against Tax Court The Supreme Court rebuked the United States Tax Court for its adoption of a ''bold'' and unauthorized procedure that shields documents from disclosure to people with cases before the court and to federal judges who review the tax court's work on appeal. C2 Business Digest C1 EDITORIAL A22-23 Editorials: Torture by proxy; rules of engagement; standing up to the credit card industry. Columns: Paul Krugman, David Brooks. Crossword E8 Weather D8 TV Listings E10
Technology Briefing | Telecommunications: Fiber Optic Lines Acquired
Date: 09 March 2005
By Bloomberg News
Bloomberg News
Level 3 Communications Inc acquires fiber optic lines from 360networks Inc; financial terms undisclosed (S)