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Date: 08 October 2004
By Bloomberg News
Bloomberg News
News Corp agrees to measures that would limit Murdoch family's control over company in move to win support of investor groups who threatened to oppose company's plan to move to US from Australia (S)
Date: 08 October 2004
By Bloomberg News
Bloomberg News
Alcoa Inc's third-quarter profit rises 1.1 percent from a year earlier, to $283 million; sales rise 13 percent, to $5.98 billion (S)
Date: 09 October 2004
By Bloomberg News
Bloomberg News
Equal Employment Opportunity Commission charges Allstate Corp discriminated against older agents when it fired 6,200 employees in 2000; lawsuit is second challenge to firings (S)
Date: 09 October 2004
By Bloomberg News
Bloomberg News
Executive Abrupt
Date: 08 October 2004
By Bloomberg News
Bloomberg News
Magnum Hunter Resources Inc, oil and natural gas producer, says company may be sold (S)
Date: 09 October 2004
By Bloomberg News
Bloomberg News
Allied Waste Industries has its credit rating cut two levels by Moody's Investors Service, leaving it five levels below investment grade (S)
Date: 09 October 2004
By Bloomberg News
Bloomberg News
Labor Agreement Spur
Date: 08 October 2004
By Bloomberg News
Bloomberg News
Costco Wholesale Corp's fourth-quarter earnings rise 24 percent from a year earlier, to $296.8 million; sales rise 11 percent, to $14.8 billion (S)
Date: 08 October 2004
By Bloomberg News
Bloomberg News
Illinois Tool Works will not proceed with its bid for Linx Printing Technologies of Britain after Danaher Corp says it may offer 85.7 million pounds ($153 million) for company, 15 percent more than Illinois Tool offered (S)
Date: 09 October 2004
By Bloomberg News
Bloomberg News
Global Crossing, operator of a fiber optic network spanning 100,000 miles in 27 countries, said yesterday that it planned to reduce its work force by 15 percent to help stem losses as falling long-distance prices drive down sales. The company, based in Florham Park, N.J., said in a filing with the Securities and Exchange Commission that local and long-distance services would be cut, costing about 600 jobs. Global Crossing said that the planned reductions, to be completed by March 2005, would save $40 million to $45 million a year. The company said that its loss in the first half widened to $223 million, or $10.23 a share, compared with $124 million, or 14 cents, a year earlier. Sales dropped 9.5 percent, to $1.34 billion from $1.48 billion.