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Date: 14 November 2002
By Bloomberg News
Bloomberg News
Shares of Ligand Pharmaceuticals fall 26 percent after company says it may not meet its 2002 revenue goal; discloses news on Nov 12 when it reported $7 million third-quarter loss (S)
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Securities and Exchange Commission conducts informal investigation into sales and accounting practices of Fleming Companies, nation's largest grocery distributor; separately, company says it will sell 28 of its California grocery stores to Save Mart Supermarkets for as much as $130 million (S)
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Boeing Co engineers represented by Society of Professional Engineering Employees in Aerospace will vote to recommend three-year contract that gives them annual raises of 4 percent and requires them to pay more for some health insurance plans; company anticipates 25 percent drop in deliveries of commercial jets during 2003 (S)
Date: 15 November 2002
By Bloomberg News
Bloomberg News
Honeywell International says it might spend $900 million to finance its pension plan and might not have sufficient insurance for asbestos claims; share price declines 8 percent, or $2.09, to $23.16; company will take $1.7 billion charge against equity because of pension plan losses; about $2 billion insurance remaining to pay for asbestos lawsuits involving its former North American Refractories division may not cover settlement costs (S)
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Pathmark Stores warns that its fiscal fourth-quarter results will be lower than it forecast; stock price plunges 23 percent (S)
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Celgene Corp agrees to pay $45 million in stock to acquire Anthrogenesis Corp and gain its technology for harvesting stem cells that may be used for cancer treatments (S)
Date: 15 November 2002
By Bloomberg News
Bloomberg News
Clorox Co and Procter & Gamble Co will undertake joint venture to develop more products for Glad bags, wraps and containers; P&G will have initial 10 percent ownership in venture and contribute some patents and technology; Clorox will administer joint venture (S)
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Allstate Corp settles asbestos claim requiring it to delete $32 million from profit it reported in October; believes its reserves for asbestos litigation are adequate (S)
Date: 15 November 2002
By Bloomberg News
Bloomberg News
Starbucks Corp reports 9.8 percent fourth-quarter earnings rise, to $58.5 million; sales gain 25 percent, to $865.2 million (S)
Date: 14 November 2002
By Bloomberg News
Bloomberg News
Johnson & Johnson agrees to purchase OraPharma for about $110 million to increase its share of market for medicines that treat diseases of mouth; OraPharma shareholders will receive $7.41 for each share held, 63 percent premium over its Nov 12 closing price (S)