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Date: 03 January 2003
By Charles V Bagli
Charles Bagli
Associated Press is close to deal to move out of Rockefeller Center headquarters, where it has been in building that has borne its name since it opened in 1938; rent is scheduled to double when lease expires forcing move; AP is scouting locations in Midtown Manhattan (M)
Date: 02 January 2003
By James Ledbetter
James Ledbetter
Op-Ed article by James Ledbetter says full reckoning of America's corporate governance and accounting procedures scandals must also take into consideration ways in which business press failed, too; says late 1990's witnessed explosion of business media, yet it is difficult to say that enlarged business media played decisive role in exposing shortcomings of American corporate practices; says too often new magazines and Web sites acted as incurious cheerleaders of innovative companies, without questioning the books; says mainstream media also hyped technology boom; fears that rise of any boom sector in American markets will bring with it attending press that is at least compliant, if not out-and-out boosterish; drawing (M)
Date: 03 January 2003
By Bloomberg News
Bloomberg News
Christopher & Banks, women's clothing retailer, says profit in quarter ended March 1 will rise in line with forecasts because company sold more holiday goods, controlled inventory and avoided price cuts; sales total sales gained 20 percent, to $47.8 million, in December from year earlier (S)
Date: 03 January 2003
By Bloomberg News
Bloomberg News
Berlex Laboratories, US affiliate of Schering AG, wins Food and Drug Administration approval to sell gel Finacea for skin condition rosacea; gel will be available in US before end of March (S)
Date: 03 January 2003
By Bloomberg News
Bloomberg News
Shares of Restoration Hardware fall 32 percent after company says fourth-quarter profit ended Feb 1 will be less than expected; shares drop $1.60, to $3.41 (S)
Date: 03 January 2003
By Bloomberg News
Bloomberg News
EntreMed says it will get $27 million from rival Celgene for rights to its thalidomide-related drugs, giving Entremed enough money to operate into next year; news sets off gain of 40 percent in EntreMed's share price; Celgene, which licensed thalidomide from EntreMed in 1998 to develop cancer drug, will gain full rights to related compounds excluded by that agreement (S)
Date: 03 January 2003
By Bloomberg News
Bloomberg News
Merck wins federal approval to sell its Singulair asthma medication as treatment for hay fever; sales of medicine with new market could top $2 billion in 2003 (S)
Date: 03 January 2003
By Bloomberg News
Bloomberg News
Allegheny Energy, utility owner that is trying to refinance debt to avert bankruptcy, sells two Kentucky units to Constellation Energy for $22.3 million in cash (S)
Date: 03 January 2003
By Bloomberg News
Bloomberg News
China Unicom Ltd replaces executive director Tan Xinghui with Ye Fengping; Tan, also vice president, resigns (S)
Date: 03 January 2003
By Bloomberg News
Bloomberg News
McDonald's Corp is scrapping its project called Innovate, which would have electronically linked all of its restaurants to share supply information and reduce paperwork, because it is taking too long to realize benefits (S)
Date: 02 January 2003
By Bloomberg News
Bloomberg News
Study reported in AMA Journal finds Viagra may help men who have diminished sexual abilities after treatment with anti-depressants (S)