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Date: 08 June 2004
By Bloomberg News
Bloomberg News
Northrop Grumman Corp averts strike at Newport News shipyard in Virginia that builds nuclear-powered aircraft carriers for Navy by reaching tentative agreement with local of United Steelworkers of America; Northrop will raise wages of workers in shipyard by more than 15 percent over four-year life of contract and set up company-matching 401(k) plan for hourly workers under accord (S)
Date: 08 June 2004
By Bloomberg News
Bloomberg News
Owens Corning Corp reaches agreement with asbestos claimants, bondholders and suppliers on bankruptcy recovery plan; bondholders, bank lenders and suppliers will be paid about 38.5 percent of $3.2 billion they are owed; asbestos creditors are owed estimated $16 billion (S)
Date: 08 June 2004
By Bloomberg News
Bloomberg News
Key Energy Services, oilfield services company being investigated by federal securities regulators, receives notice of default on most of its debt, setting off 10 percent decline in its share price (S)
Date: 08 June 2004
By Bloomberg News
Bloomberg News
Texas Instruments narrows its second-quarter sales forecast and says demand for its products is 'slightly exceeding' projections; says sales will rise from $3.17 billion to $3.29 billion (M)
Date: 08 June 2004
By Bloomberg News
Bloomberg News
Emblaze Group is selling its semiconductor business to Zoran Corp for $54.2 million (S)
Date: 08 June 2004
By Bloomberg News
Bloomberg News
Wal-Mart Stores Inc says June sales will reach low end of expectation range of 4 to 6 percent higher than last year (S)
Date: 07 June 2004
By Bloomberg News
Bloomberg News
Blackstone Group offers $956 million to buy New Skies Satellites, largest Dutch satellite operator (S)
Date: 07 June 2004
By Bloomberg News
Bloomberg News
New US airline is announced, one that will be 49 percent owned by Virgin Group and 51 percent owned by unidentified American investor; operations will be based in San Francisco, and business offfices will be in New York; flights will begin in 2005 (S)
Date: 08 June 2004
By Bloomberg News
Bloomberg News
Metrostar Management Corp pays $95n
Date: 08 June 2004
By Bloomberg News
Bloomberg News
Cellphone company NextWave Telecom seeks bankruptcy court permission to raise money by selling its licenses in New York, Denver, Portland, Ore, Tampa, Sarasota, Fla and Tulsa, Okla; auction will be July 8; NextWave could raise about $1 billion from sale (S)