MICROSOFT TO U.S. JUDGE: NO BREAK-UP
Microsoft Corp., locked in mortal combat with the
Justice Department, asked a U.S. judge Wednesday to reject a recommendation that
it be broken in two. Instead, the company is proposing lesser safeguards to
protect against antitrust behavior.
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WRAP: MOTOROLA SHARES FALL 13% AFTER SALOMON DOWNGRADE
By Bridge News New York--May 10--Shares of Motorola Inc., one of the world's
largest mobile phone makers, fell more than 13% on Wednesday after a key Wall
Street analyst cut his price target for the company's stock price by 40%.
Motorola shares were down $14.25, or 13.7%, to $90.25 in midday trading on the
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WRAP: HAIN FOOD SHARES PLUNGE 20% ON Q3 PRODUCTION SHORTAGES
Suffering from too much
success with its organic food brands, Hain Food Group Inc. plunged more than 20%
Wednesday after it reported production shortages and production capacity
limitations in its fiscal third quarter. Shares of the specialty food
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NIKE TO RETAIL ELECTRONICS
Nike, the athletic shoe
manufacturer known for putting the spring in the step of athletes like Michael
Jordan, is getting into electronics.
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10 BESTFOODS SHAREHOLDERS SUE OVER REJECTED UNILEVER BID
Ten Bestfoods shareholders
have filed lawsuits against the maker of Hellmann's mayonnaise and Knorr soups,
over the company's rejection of a $66-per-share takeover bid from European
consumer conglomerate Unilever. In a quarterly filing with the Securities and
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WRAP: INTERNATIONAL PAPER, UPM-KYMMENE RAISE BIDS FOR CHAMPION
The world's largest
producer of forestry and paper products, and its Finnish rival UPM-Kymmene have
both raised their offers for control of Champion International Corp., the
Connecticut-based forestry products manufacturer, though International Paper's
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FEDERATED BREEZES BY ESTIMATES
Today Federated Department
Stores (FD) released earnings for the first quarter. The
company posted net income of $89 million, or diluted earnings per share of $.41,
a 2% increase over first quarter. The company
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STINNES REPORTS STRONG RESULTS REVENUES INCREASE BY EIGHT PERCENT TO
NEARLY EUR3 BILLION, CONSOLIDATED NET INCOME GROWS BY 231.9 PERCENT TO EUR222.7
MILLION
Stinnes
AG, one of Europe's leading providers of logistics services to industrial
customers, today announced improved financial results for the three months ended.
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