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Date: 03 October 2002
By Bloomberg News
Bloomberg News
Chrysler unit of DaimlerChrysler is expanding availability of some no-interest loans and lowering interest rates on other 2003 models as it adjusts its strategy of offering fewer sales incentives than General Motors and Ford Motor in US (S)
Date: 03 October 2002
By Bloomberg News
Bloomberg News
Libbey Inc says third-quarter profit fell more than forecast as sales declined and expenses increased; sales fell to at least $104 million from $107 million (S)
Date: 04 October 2002
By Bloomberg News
Bloomberg News
Island ECN says president-chief executive Matthew Andresen has resigned to become head of global trading at Sanford C Bernstein & Co; chief technology officer Will Sterling replaces Andresen as president (S)
Date: 03 October 2002
By Bloomberg News
Bloomberg News
Sears, Roebuck & Co shifts $191 million in costs related to accounting change to second qaurter from first after discussions with Securities and Exchange Commission; increases first-quarter 2002 net income by $191 million and reduces second-quarter net income by same amount (S)
Date: 03 October 2002
By Bloomberg News
Bloomberg News
KPMG Consulting Inc, which was spun off from accounting firm KPMG LLP in $2 billion initial public offering in February 2001, changes its name to BearingPoint Inc to emphasize its independence (S)
Date: 03 October 2002
By Bloomberg News
Bloomberg News
Comerica Inc cuts second- and third-quarter earnings by $213 million because of bad loans and decline in value of its mutual fund unit (S)
Date: 04 October 2002
By Bloomberg News
Bloomberg News
Auction house DoveBid scraps $60 million initial public offering (S)
Date: 04 October 2002
By Bloomberg News
Bloomberg News
Heineken and its Latin American partner Florida Ice and Farm Co agree to buy Cervecerias Baru-Panama, second-largest brewer in Panama, for $56 million (S)
Date: 04 October 2002
By Bloomberg News
Bloomberg News
Renong, engineering conglomerate taken over by Malaysian government year ago, says it needs to raise 400 million ringgit ($105 million) to stay afloat, setting off sharp decline in its share price; graph (S)
Date: 04 October 2002
By Bloomberg News
Bloomberg News
Fiat's car sales in Italy fell for ninth month in September as company failed to attract buyers with price cuts and no-interest financing; sales slipped 7.5 percent; car sales for all manufacturers in month rose 3.4 percent, first gain in 2002; Fiat's market share fell to record low of 28.7 percent from 32.1 percent year earlier (S)
Date: 04 October 2002
By Bloomberg News
Bloomberg News
Taiwan scraps plans to sell $1.6 billion stake in Chunghwa Telecom Co to overseas investors this year after its shares fall to half level of their initial public offering two years ago (S)
Date: 03 October 2002
By Bloomberg News
Bloomberg News
Hutchison Whampoa Ltd, controlled by Li Ka-shing, cancels $1.45 billion bond sale; move limits financing options for Li as he tries to sell mobile phone services linked to Internet across Europe (S)
Date: 04 October 2002
By Bloomberg News
Bloomberg News
eBay completes $1.5 billion purchase of Paypal, electronic payments company; says senior vice president Matt Bannick will assume duties previously handled by Paypal's chief executive Peter Thiel, who resigned (S)