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Date: 05 April 2001
By Bloomberg News
Bloomberg News
Rockwell International Corp will stop investing in company's In-Flight Network joint venture with News Corp because no airlines have signed up for service, which provides live television and Internet access (S)
Date: 04 April 2001
By Felicity Barringer
Felicity Barringer
Advertising revenue declines and increasing cost of newsprint are squeezing newspaper profits and increasing debate over how answerable to shareholders newspapers should be; Jay T Harris, publisher of San Jose Mercury News, resigned in March rather than endorse newsroom layoffs that he believed were inevitable, given profit margins that his bosses at Knight Ridder had promised Wall Street; layoffs have not materialized but startling move personalized lingering civil war between those who believe industry's goal of high profit margins is killing good journalism and those who believe that strong financial performance will save good journalism; across industry, in large and small markets, newspapers are cutting space, comtemplating buyouts and reducing travel expenses whether or not they have public stockholders; photos (M)
Date: 05 April 2001
By Craig S. Smith
Craig Smith
American diplomats are denied second meeting with crew of spy plane being held in Hainan Island, China; United States considers scaling down its diplomatic presence on island as concern grows that crew might not be released soon; focus of China's state media shifts from charges of American responsiblity to fate of Chinese pilot who has been missing since he ejected from his aircraft after collision with plane; photos (M)
Date: 04 April 2001
By Bloomberg News
Bloomberg News
United Technologies Corp says its Carrier air-conditioning unit has bought heating and air-conditioning business of Climatic Corp (S)
Date: 05 April 2001
By Bloomberg News
Bloomberg News
Visteon Corp, leading auto parts maker, will cut about 1,800 jobs worldwide, including 12 percent of its salaried work force in US, as North American vehicle production slows (S)
Date: 05 April 2001
By Bloomberg News
Bloomberg News
Supervalu Inc, food distribution and supermarket company, will cut 4,500 jobs, or 7.3 percent of its work force, as it consolidates distribution centers and leaves some retail markets; will take charge of $153.9 million against earnings in quarter ended Feb 24 to reflect moves; revamping follows loss of distribution contract with Kmart that is expected to reduce revenue this year by $1.7 billion; company reports loss of $93 million in fourth quarter of its fiscal year, compared with profit of $72 million year earlier (S)
Date: 05 April 2001
By Bloomberg News
Bloomberg News
Ford Motor Co will build diesel-powered 2002 Explorer sport utility vehicles for export to Europe to cater to customer preferences in region; plans to produce 10,000 to 15,000 of vehicles annually at its St Louis assembly plant; Detroit Diesel unit of DaimlerChrysler will supply engines (S)
Date: 04 April 2001
By Bloomberg News
Bloomberg News
Entergy Corp says first-quarter earnings beat expectations (S)
Date: 04 April 2001
By Bloomberg News
Bloomberg News
Solectron Corp, contract electronics manufacturer, plans to cut 1,075 jobs, or 1.5 percent reduction, and close Georgia plant because of slowing demand (S)
Date: 05 April 2001
By Bloomberg News
Bloomberg News
Mattel Inc will close its last US manufacturing plant, in Murray, Ky, and lay off 980 workers to cut costs; production will be moved to Mexico (S)
Date: 04 April 2001
By Bloomberg News
Bloomberg News
Ameritrade Holding Corp says it will add new fees on customers' accounts to generate revenue as rout in stocks deters individual investors from trading online; will lay off 170 employees after laying off 330 in January (S)
Date: 04 April 2001
By Bloomberg News
Bloomberg News
Clorox Co says it will retain its bleach and home-cleaning lines and decide within two months which of its other businesses to sell (S)