$102 MILLION OFFER FOR CALIPER TECHNOLOGIES
Date: 13 February 2003
By Bloomberg News
Bloomberg News
Caliper Technologies Corp, which makes tools for laboratory experiments, receives acquisition offer from LB Acquisitions, unit of Little Bear Investments; offer totals about $101.7 million; Caliper's net loss widened to $10.5 million in fourth quarter, from $8.02 million year earlier; revenue dropped 37 percent, to $4.93 million from $7.87 million (S)
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RAND MCNALLY FILES FOR BANKRUPTCY WITH RECOVERY PLAN
Date: 12 February 2003
By Bloomberg News
Bloomberg News
Rand McNally & Co files for bankruptcy protection with plan approved by debtholders to reduce debt to $100 million from $400 million (S)
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BAUSCH & LOMB LOSES APPEAL ON PUREVISION LENSES
Date: 13 February 2003
By Bloomberg News
Bloomberg News
Bausch & Lomb loses appeals court bid to sell its PureVision brand in US; Federal appeals court upholds trial judge's ruling that company infringed patent owned by Wesley Jessen Corp, unit of Novartis; leaves in place ban on PureVision sales in US until 2005 (S)
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ROADWAY CHIEF TO STEP DOWN; PRESIDENT TO SUCCEED HIM
Date: 13 February 2003
By Bloomberg News
Bloomberg News
Roadway Corp's chief executive Michael Wickham will retire in March and be replaced by president James Staley; Wickham will remain chairman (S)
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SOME CREDITORS OPPOSE OWENS CORNING RECOVERY PLAN
Date: 12 February 2003
By Bloomberg News
Bloomberg News
Credit Suisse First Boston and other creditors of Owens Corning oppose plan they say will give too much of bankrupt company's assets to asbestos victims; lawyer Andrew Rahl says reorganization proposal to value asbestos-related claims at $16 billion will leave company's bank lenders, bondholders and other creditors (S)
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FEDERATED MELDS CATALOG AND WEB SITE UNIT INTO STORES
Date: 12 February 2003
By Bloomberg News
Bloomberg News
Federated Department Stores is folding Bloomingdale's catalog and Macy's Web site into its department store chains; company's Federated Direct division, which ran operations, is being closed; Macy's.com has about 100 employees and Bloomingdale's by Mail catalog has about 75; none of those jobs will be lost through changes, which take effect on March 1, and Federated does not expect any related costs (M)
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KMART ASKS COURT TO PUNISH FORMER SUPPLY EXECUTIVE
Date: 12 February 2003
By Bloomberg News
Bloomberg News
Kmart Corp asks US Bankruptcy Court judge to holder former supply-chain chief Anthony D'Onofrio in contempt of court for not cooperating with company's probe into former management; D'Onofrio has not complied with seven subpoenas from court as part of Kmart's investigation; court documents show D'Onofrio was 'critical player' in events that led to Kmart's bankruptcy filing in January 2002; D'Onofrio says he has not complied with subpoenas because he is looking for lawyer (S)
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G.M. PLANS TO SELL 150,000 CARS FROM KOREAN VENTURE
Date: 13 February 2003
By Bloomberg News
Bloomberg News
General Motors says it plans North American sales next year of as many as 150,000 cars from its venture in South Korea; cars, built by GM Daewoo Auto and Technology Co, will be sold primarily under Chevrolet name (S)
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GOODRICH TO CUT 500 JOBS AT UNIT IT BOUGHT LAST YEAR
Date: 12 February 2003
By Bloomberg News
Bloomberg News
Goodrich Corp will cut 500 jobs, or 8 percent of work force, in aircraft-control business it bought in October from TRW (S)
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STATE STREET TO CLOSE 2 OFFICES AND CUT 1,000 JOBS
Date: 13 February 2003
By Bloomberg News
Bloomberg News
State Street Corp, which last month completed its largest acquisition by adding record-keeping and securities-lending businesses of Deutsche Bank, will close two offices in US and eliminate about 1,000 jobs; employees will be laid off starting in June over 12- to 18-month period; Deutsche Bank offices in Nashville and Jersey City will be shut in third quarter of 2004, and customer-service operations will be moved to new location in New York (S)
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