News Corp. Expects 10% Operating Growth
Date: 09 October 2002
By Bloomberg News
Bloomberg News
News Corp chief executive Rupert Murdoch says company, which last year had biggest loss in Australian history, can achieve operating profit growth of at least 10 percent this fiscal year (S)
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PUTNAM HIRES A CO-CHIEF OF INVESTMENTS
Date: 09 October 2002
By Bloomberg News
Bloomberg News
Putnam Investments hires Charles E Haldeman Jr, chief executive of Lincoln National Corp's money management business, to become its co-head of investments; will share his new role with Steve Oristaglio (S)
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WHX TO CLOSE FACTORIES IN NEW JERSEY AND ENGLAND
Date: 10 October 2002
By Bloomberg News
Bloomberg News
WHX Corp says its Hardy & Harman business will sell stainless-steel-wire plant in New Jersey and one in Britain, eliminating 100 jobs (S)
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RAYTHEON PLANS TO LAY OFF 500 EMPLOYEES
Date: 09 October 2002
By Bloomberg News
Bloomberg News
Raytheon Co plans to lay off about 500 workers in Massachusetts and California to adjust for loss of satellite contract and to improve organization (S)
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SBC SAYS IT IS LOSING BUSINESS TO PHONE RIVALS
Date: 09 October 2002
By Bloomberg News
Bloomberg News
SBC Communications, local-telephone service provider for Midwest and West, says its profit per share wil be at low end of range it previously forecast for this year as it loses customers to rivals (S)
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CUMMINS TO TRIM 200 PRODUCTION JOBS IN INDIANA
Date: 10 October 2002
By Bloomberg News
Bloomberg News
Cummins Inc, maker of heavy-duty diesel engines, plans to cut as many as 200 jobs at it moves production of some heavy-truck engines from Indiana to New York to reduce costs by trimming capacity; may eliminate as many as 400 jobs at Indiana plant (S)
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UNOCAL TO BUY REMAINING SHARES OF PURE RESOURCES
Date: 10 October 2002
By Bloomberg News
Bloomberg News
Pure Resources senior managers agree to sell their shares in company after Unocal Corp raises its bid for 35 percent of company it does not already own; revised offers if for $376.9 million (S)
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KINDER MORGAN PROFIT ROSE 32% FOR QUARTER
Date: 09 October 2002
By Bloomberg News
Bloomberg News
Kinder Morgan, pipeline operator that controls Kinder Morgan Energy Partners LP, says profit rose more than expected for both companies during third quarter; Kinder Morgan profit exceeded 63 cents per share, up more than 32 percent, and energy partnership's profit exceeded 44 cents per unit, rise of more than 17 percent (S)
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G.M. SAYS COST-CUTTING IS INCREASING PROFIT MARGINS
Date: 09 October 2002
By Bloomberg News
Bloomberg News
General Motor Corp chief executive Rick Wagoner says company is increasing profit margins this year through cost-cutting and sales of more expensive models (S)
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AETNA REPORTS BETTER-THAN-EXPECTED PROFIT IN QUARTER
Date: 10 October 2002
By Bloomberg News
Bloomberg News
Aetna says third-quarter profit was higher than expected as it controlled medical expenses and increased premiums (S)
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