World Briefing | Africa: Mozambique: Murder Inquiry Cites Leader's Son
Date: 24 December 2002
By Rachel L. Swarns (NYT)
Rachel Swarns
Mozambique news agency reports officials are investigating possible involvement of Nyimpine Chissano, President Joaquim Chissano's son, in slaying of journalist Carlos Cardoso two years ago; reporter was killed while investigating bank fraud tied to many influential people (S)
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World Briefing | Americas: Guatemala: Deadly Prison Riot
Date: 25 December 2002
By David Gonzalez (NYT)
David NYT
Eighteen inmates are killed in Pavoncito prison riot for better food and visitation rights; Reuters reports dead inmates were mutilated and prison grounds turned into war zone; officials say they are in control of medium-security facility, but negotiations continue with prisoners (S)
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NATIONSRENT OFFERS SHARES TO UNSECURED CREDITORS
Date: 25 December 2002
By Bloomberg News
Bloomberg News
NationsRent, which sought bankruptcy protection last year, files revised recovery plan that would give shares to unsecured creditors (S)
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DIAL TO SELL BUSINESS IN ARGENTINA FOR LOSS
Date: 24 December 2002
By Bloomberg News
Bloomberg News
Dial Corp, maker of Dial soap and Purex detergent, agrees to sell its Argentine business to Southern Cross Group at a loss of as much as $60 million after currency devaluation and recession hurt sales in that country this year; Southern Cross will pay $6 million for business (S)
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AMGEN REPORTS FEDERAL APPROVAL OF NEW FACTORY
Date: 25 December 2002
By Bloomberg News
Bloomberg News
Amgen says its new factory passed federal inspection, allowing it to begin immediately shipping more of its rheumatoid arthritis drug Embrel (S)
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NOVARTIS GAINS APPROVAL FOR USE OF LEUKEMIA DRUG
Date: 24 December 2002
By Bloomberg News
Bloomberg News
Novartis wins approval to sell its cancer drug Gleevec in United States as first treatment doctors should try for patients with chronic myeloid leukemia (S)
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LABCORP SAYS PURCHASE OF DIANON WILL GO FORWARD
Date: 25 December 2002
By Bloomberg News
Bloomberg News
Laboratory Corp of America Holdings says federal antitrust review period expired on its $598 million purchase of Dianon Systems Inc; Dianon's shareholders must still approve deal (S)
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ULTIMATE ELECTRONICS LOWERS 4TH-QUARTER ESTIMATE
Date: 25 December 2002
By Bloomberg News
Bloomberg News
Ultimate Electronics lowers fourth-quarter earnings estimate to 15 cents to 25 cents a share, from 55 cents to 65 cents a share it forecast month ago; unexpected decline in same-store sales cited (S)
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PHILLIPS EDISON AGREES TO BUY AEGIS REALTY
Date: 25 December 2002
By Bloomberg News
Bloomberg News
Phillips Edison Ltd, owner of grocery-anchored shopping centers, agrees to buy Aegis Realty Inc, shopping center owner, for as much as $101.8 million in stock; included in sale is Aegis's portfolio of 28 retail properties in 15 states (S)
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QWEST WINS PERMISSION TO MEDIATE INSURANCE DISPUTES
Date: 25 December 2002
By Bloomberg News
Bloomberg News
Qwest Communications International, which is under investigation by SEC and Justice Dept over plans to restate sales, wins judge's permission to avoid binding arbitration and instead can mediate its disputes with insurance companies that want to cancel policies that cover Qwest executives for up to $250 million in possible legal damages (S)
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