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Date: 03 July 2003
By Bloomberg News
Bloomberg News
Formica Corp receives court approval for $175 million investment from Cerberus Capital Management and Oaktree Management to help it emerge from bankruptcy (S)
Date: 03 July 2003
By Bloomberg News
Bloomberg News
Instinet Group, electronic broker for Nasdaq stocks, reorganizes into two businesses and lays off sales clerks that sought trades from brokers and dealers for its electronic trade-matching systems; company, 63 percent owned by Reuters Group, will run its brokerage and trading units as separate businesses (S)
Date: 03 July 2003
By Bloomberg News
Bloomberg News
Aurora Foods Inc will file for bankruptcy protection and replace chief executive Lawrence K Hathaway under $200 million agreement with investor J W Childs Associates; Dale Morrison will succeed Hathaway (S)
Date: 03 July 2003
By Bloomberg News
Bloomberg News
Boots & Coots International Well Control agrees to restructure loans from Prudential Insurance Co in bid to avoid bankruptcy (S)
Date: 04 July 2003
By Bloomberg News
Bloomberg News
Federal appeals court upholds trial court's decision throwing out claims by government that American Airlines, unit of AMR Corp, had illegally added flights to drive discount carriers from Dallas-Forth Worth market; Justice Dept had accused American of engaging in predatory behavior against Vanguard Airlines, Western Pacific Airlines and Sun Jet (S)
Date: 04 July 2003
By Bloomberg News
Bloomberg News
Siebel Systems Inc says in second-quarter that ended June 30, sales were $330 million to $334 million and profit was about 2 cents a share; both figures are lower than expected (S)
Date: 03 July 2003
By Bloomberg News
Bloomberg News
Invitrogen Corp, which makes chemical kits used to analyze and clone genes, acquires Molecular Probes Inc for about $325 million to add drug-discovery products (S)
Date: 03 July 2003
By Bloomberg News
Bloomberg News
Vital Signs Inc says third-quarter profit from continuing operations will be below its estimates because of legal and accounting costs; is being sued by its former chief financial officer for 'fraudulent accounting' (S)
Date: 04 July 2003
By Bloomberg News
Bloomberg News
Willis Stein & Partners, leveraged buyout firm, agrees to buy book, music and video supplier Baker & Taylor Inc from Carlyle Group Inc for $255 million (S)
Date: 04 July 2003
By Bloomberg News
Bloomberg News
Atlas Air Worldwide Holdings Inc, which carries freight for other airlines, says it might file for bankruptcy protection to complete debt restructuring started in Mar (S)