Grubman Gets Jail Sentence And Scolding From the Judge
Date: 24 October 2002
By Elissa Gootman
Elissa Gootman
Elizabeth Grubman is sentenced to 60 days in jail for backing SUV into crowd of Hamptons clubgoers in July 2001; Justice Michael F Mullen scolds her for arrogant behavior but expresses some sympathy over media scrutiny she has endured; photo (S)
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HEALTH INSURER'S CHIEF FINANCIAL OFFICER TO RETIRE
Date: 24 October 2002
By Bloomberg News
Bloomberg News
Cigna Corp chief finanical officer James G Stewart will retire in December; will be succeeded by Michael W Bell; Gregory Wolf will succeed Bell as president of Cigna Group Insurance (S)
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GENERAL MILLS TO SELL $1.35 BILLION IN DEBT
Date: 23 October 2002
By Bloomberg News
Bloomberg News
General Mills plans to sell about $1.35 billion of zero-coupon debt that matures in 20 years and may be converted into company shares; also plans to buy option to purchase General Mills shares owned by Diageo (S)
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METROMEDIA SELLS LAWN MOWER UNIT FOR CASH AND DEBT
Date: 24 October 2002
By Bloomberg News
Bloomberg News
Metromedia International Group will sell its Snapper unit, maker of Snapper lawn mowers, to Simplificity Manufacturing for $73.3 million in bid to stave off bankruptcy (S)
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ECHOSTAR MAY SEEK TO EXIT DEAL FOR HUGHES ELECTRONICS
Date: 23 October 2002
By Bloomberg News
Bloomberg News
Analysts say EchoStar Communications will look for way out of its $23 billion agreement to buy satellite TV rival Hughes Electronics, after regulators say they believe companies cannot rework deal to win approval (S)
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COSTS FROM LAWSUITS HURT INCOME AT OXFORD HEALTH
Date: 23 October 2002
By Bloomberg News
Bloomberg News
Oxford Health Plans says third-quarter net income fell on costs from class-action lawsuits that were filed after company shares plunged in 1997; will post complete third-quarter results on Oct 29 (S)
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BANK ONE TO HIRE UP TO 100 PEOPLE IN CAPITAL MARKETS
Date: 24 October 2002
By Bloomberg News
Bloomberg News
Bank One Corp will hire as many as 100 employees in capital markets trading, sales and research starting next year to increase its market share in areas like bond underwriting (S)
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Software Maker Has Loss
Date: 23 October 2002
By Bloomberg News
Bloomberg News
Computer Associates International says net loss narrowed to $52 million in fiscal second quarter ended Sept 30; sales rose 5.3 percent, to $772 million from $733 million year earlier (S)
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World Business Briefing | Americas: Brazil: Rate Unchanged
Date: 24 October 2002
By Bloomberg News
Bloomberg News
Brazil's central bank keeps overnight interest rate unchanged at 21 percent, hoping to contain rising consumer prices (S)4
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Rose to Make A Rare Visit
Date: 23 October 2002
By Bloomberg News
Bloomberg News
Pete Rose, banned from baseball for gambling scandal, will appear at Game 4 of World Series for promotion of record-breaking 4,192nd career hit, selected by fans as one of top 10 moments in baseball history (S)
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