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Date: 04 December 2003
By Bloomberg News
Bloomberg News
Shares of General Motors Corp rise 5.2 percent, most in almost six months, after Goldman Sachs analyst Gary Lapidus says pension-fund improvements might increase profit in 2004 (S)
Date: 04 December 2003
By Bloomberg News
Bloomberg News
Lucent Technologies Inc plans to pay bonus to all 35,000 workers for first time since 1999 after company returned to profit and met other financial goals (S)
Date: 04 December 2003
By Bloomberg News
Bloomberg News
FirstEnergy Corp, utility owner blamed for lapses that contributed to blackout in Northeast in August, will increase capital spending on power lines by 36 percent, to $465 million next year to improve reliability; computer systems and operator training also will be expanded, and company will adopt policy of zero tolerance for transmission-line failures caused by trees (S)
Date: 03 December 2003
By Bloomberg News
Bloomberg News
General Motors Corp decides not to sell its commercial mortgage business because company could not get price it sought and found ways to pay for unit's growth (S)
Date: 03 December 2003
By Bloomberg News
Bloomberg News
Liberty Media Corp acquires outstanding shares of TP Investment, private investment vehicle run by Liberty's chairman John C Malone, for Liberty stock valued at $60.7 million; Liberty also says it is in talks with family of Robert J Magness, who founded predecessor company to Liberty, Tele-Communications Inc, to acquire 96 million Class B shares of Liberty held by family; combined transactions would reduce Malone's voting power in Liberty to about 28 percent of total from 42 percent (S)
Date: 03 December 2003
By Bloomberg News
Bloomberg News
Pharmacyclics says Food and Drug Administration agrees to speedier review of its experimental brain-cancer drug Xcytrin (S)
Date: 03 December 2003
By Bloomberg News
Bloomberg News
Jones Apparel Group raises its profit forecast for next year after completing purchase of Kasper ASL (S)
Date: 04 December 2003
By Bloomberg News
Bloomberg News
Judge Michael Obus says James Batson, lawyer for decorator Wendy Valliere who chose $6,000 shower curtain and $15,000 umbrella stand for Manhattan apartment of Tyco's former chief executive L Dennis Kozlowski, must disclose Valliere's whereabouts so she can be called to testify at Kozlowski's fraud trial (S)
Date: 04 December 2003
By Bloomberg News
Bloomberg News
Combined profit of market makers at New York Stock Exchange dropped 66 percent in third quarter as Big Board and Securities and Exchange Commission investigated whether firms traded at expense of their customers; exchange says after-tax profit for seven specialist firms fell to $36 million, from $107 million in third quarter; profit fell 53 percent, to $138 million, in first three quarters; third-quarter profit for exchange's member firms, which include large brokerage firms, fell 5 percent, to $33.7 billion (S)
Date: 04 December 2003
By Bloomberg News
Bloomberg News
Bank of China plans to sell shares to public for first time in 2005, part of government drive to raise money to reduce banking industry's $500 billion of bad loans (S)