COMCAST BUYS TRIBUNE'S STAKE IN GOLF CHANNEL
Date: 12 December 2003
By Bloomberg News
Bloomberg News
Comcast acquires Tribune Co's 8.9 percent stake in their jointly owned Golf Channel network for $100 million; Tribune sells Golf Channel stake as part of agreement that also grants rights to show Cubs games on Chicago sports network that Comcast is starting; Comcast also agrees to show Tribune's Superstation WGN in more homes; Comcast now owns 99 percent of Golf Channel (S)
Full Article
PRESIDENT OF ST. JUDE MEDICAL TO BECOME CHAIRMAN
Date: 11 December 2003
By Bloomberg News
Bloomberg News
St Jude Medical chairman-chief executive Terry L Shepherd will retire, effective with company's annual meeeting in May; Daniel J Starks will succeed Shepherd (S)
Full Article
DANAHER BIDS $720 MILLION FOR DANISH EQUIPMENT MAKER
Date: 12 December 2003
By Bloomberg News
Bloomberg News
Danaher offers to buy Radiometer of Denmark for 4.4 billion kroner ($720 million) to gain access to technology used in treating SARS virus; Danaher also says it has agreed to pay $102.5 million for Gendex dental-imaging-equipment business of Dentsply International (S)
Full Article
World Business Briefing | Americas: Chile: Copper Strike Talks
Date: 12 December 2003
By Bloomberg News
Bloomberg News
Chilean copper producer Codelco improves its wage offer to striking unions at its Andina mine, but union leader says offer is too low to settle weeklong walkout (S)
Full Article
Former NewCom Officer Is Acquitted
Date: 11 December 2003
By Bloomberg News
Bloomberg News
NewCom Inc's former chief financial officer Steven C Veen is acquitted of criminal charges that he filed two false quarterly reports and made false statements to Securities and Exchange Commission staff members investigating company for accounting fraud (S)
Full Article
Former Executives Indicted
Date: 11 December 2003
By Bloomberg News
Bloomberg News
Kevin Stoffer, Andrew Johnson and John Fringer, former executives of Nicor and Dynegy joint venture Nicor Energy LLC, are indicted on criminal charges of manipulating financial results and are accused by Securities and Exchange Commission of inflating income by $11 million in 2001; indictment says men inflated income to earn $400,000 in bonuses for themselves and others (S)
Full Article
Bertelsmann Loses California Verdict
Date: 12 December 2003
By Bloomberg News
Bloomberg News
California jury finds Bertelsmann AG liable for claims of former managers Andreas von Blottnitz and Jan H Buettner who say they were due share of proceeds from sale of Bertelsmann's half of AOL Europe; jury awards $1 billion; plaintiffs' lawyer John Quinn says judge will likely cut award to around $300 million (S)
Full Article
Technology Briefing | Software: Verisity To Acquire Axis Systems For $80 Million
Date: 12 December 2003
By Bloomberg News
Bloomberg News
Verisity, which makes software used to design computer chips, acquires Axis Systems for about $80 million (S)
Full Article
World Business Briefing | Africa: South Africa: Blacks Buy Newsprint Stake
Date: 12 December 2003
By Bloomberg News
Bloomberg News
World Business Briefing: South Africa: Ba
Full Article
S.&P. Declines on Concerns About Rising Interest Rates
Date: 11 December 2003
By Bloomberg News
Bloomberg News
Standard & Poor's 500-stock index drops 1.13 poins, or 0.1 percent, to close at 1,059.05; Dow Jones industrial average declines 1.56 points, to 9,921.86; Nasdaq composite index loses 3.67 points, or 0.2 percent, to 1,904.65; graph; chart (M)
Full Article