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Date: 09 December 2003
By Bloomberg News
Bloomberg News
ConocoPhillips agrees to proceed with $5 billion project in Qatar to convert natural gas to diesel and other fuels; first phase of project will start as early as 2009 and will produce half of plant's full output (S)
Date: 09 December 2003
By Bloomberg News
Bloomberg News
Thermo Electron Corp names Jim P Manzi as chairman, succeeding Richard F Syron, who resigned to become chairman-chief executive of Freddie Mac (S)
Date: 09 December 2003
By Bloomberg News
Bloomberg News
Fonterra Cooperative Group Ltd, biggest exporter of dairy products in world, signs seven-year, $380 million contract with Electronic Data Systems to manage its computer systems (S)
Date: 09 December 2003
By Bloomberg News
Bloomberg News
United Airlines says it will save as much as 30 percent on reservations services under new agreement with Galileo International, owned by Cendant Corp; Galileo will also develop new Internet booking system as part of 10-year contract; will continue to provide ticket information to travel agents and network for agents to make reservations with airline (S)
Date: 09 December 2003
By Bloomberg News
Bloomberg News
Lowe's Companies will buy back as much as $1 billion in stock, its first share repurchase (S)
Date: 09 December 2003
By Bloomberg News
Bloomberg News
US Steel Corp will close its Straightline Source steel distribution unit on Dec 31 and take pretax charge of about $25 million in fourth quarter (S)
Date: 09 December 2003
By Bloomberg News
Bloomberg News
CMGI reports first-quarter net income of $29.9 million compared with loss of $93.6 million year earlier; revenue fell 16 percent, to $94.9 million from $113.2 million; graph (S)
Date: 09 December 2003
By Bloomberg News
Bloomberg News
Shares in Texas Instruments rise in after-hours trading after company increases its fourth-quarter earnings and sales forecast (S)
Date: 09 December 2003
By Bloomberg News
Bloomberg News
World Business Briefing: South Africa
Date: 09 December 2003
By Bloomberg News
Bloomberg News
Global Crossing, which is about to emerge from bankruptcy protection, reveals it had losses of $25.7 billion in 2000 and 2001 after writing down value of its fiber-optic network (S)
Date: 09 December 2003
By Bloomberg News
Bloomberg News
Family of Mickey Mantle auctions photographs, contracts and other memorabilia at Madison Square Garden; is expected to raise between $3 million and $5 million (S)
Date: 09 December 2003
By Bloomberg News
Bloomberg News
Spiegel Inc, bankrupt chain store and catalog retailer, asks Federal Bankruptcy Judge Cornelius Blackshear for permission to close 30 Eddie Bauer stores and to hire companies to sell inventory at locations after holidays; Spiegel has closed 60 Eddie Bauer stores along with distribution and customer service cents since filing for bankruptcy protection in March (S)
Date: 09 December 2003
By Bloomberg News
Bloomberg News
Hundreds of investors line up at banks for opportunity to buy shares of China Life Insurance Co, world's biggest initial public offering this year; China Life, which had 45 percent of China's $27 billion life insurance market last year, printed enough stock applications for one in three Hong Kong residents, who are buying to buy fifth of $3 billion of stock on sale; company received $12 billion of orders from institutional investors last week, four times stock available to them; China Life is offering 6.47 billion shares at 2.98 to 3.65 Hong Kong dollars ($15.35 to $18.80) for every American depository receipt; shares start trading on Dec 17 in New York; photo (M)
Date: 09 December 2003
By Bloomberg News
Bloomberg News
Former Tyco International director Stephen Foss tell New York jury that bonuses paid to former chief executive L Dennis Kozlowski and fromer chief financial officer Mark H Swartz were not authorized by board; says he and other board members did not approve real estate purchases made by Kozlowski and Swartz with Tyco money; Kozlowski and Swartz are accused of stealing $600 million from company (S)