XEROX PLANS $3.1 BILLION RECAPITALIZATION
Date: 12 June 2003
By Bloomberg News
Bloomberg News
Xerox Corp plans $31 billion recapitalization to strengthen its balance sheet and to repay and terminate its current bank facility (S)
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Date: 12 June 2003
By Bloomberg News
Bloomberg News
Xerox Corp plans $31 billion recapitalization to strengthen its balance sheet and to repay and terminate its current bank facility (S)
Date: 12 June 2003
By Bloomberg News
Bloomberg News
Fischer Imaging Corp, maker of X-ray equipment, says Securities and Exchange Commission has begun probe of its accounting; chief financial officer Stephen Burke says SEC has subpoenaed records related to financial statements for 2000, 2001 and first three quarters of 2002 (S)
Date: 12 June 2003
By Bloomberg News
Bloomberg News
Cendant Corp names F Robert Salerno as chief executive of its Avis and Budget car-rental business; will retain title of president (S)
Date: 11 June 2003
By Bloomberg News
Bloomberg News
Brunswick Corp acquires Valley-Dynamo LP, maker of commercial and consumer pool, foosball and table hockey products, for $34.5 million; will add Valley-Dynamo to its Brunwick Billiards division (S)
Date: 11 June 2003
By Bloomberg News
Bloomberg News
Penn National Gaming Inc raises its second-quarter profit estimate, but lowers its outlook for year; Penn National is laying off workers and trimming marketing in Illinois after state approved casino tax increase starting in July (S)
Date: 12 June 2003
By Bloomberg News
Bloomberg News
Regal Entertainment Group, one of world's largest movie theater chains, will pay investors one-time cash dividend of $5.05 for each share they hold (S)
Date: 12 June 2003
By Bloomberg News
Bloomberg News
Justice Department says Dey Inc, unit of Merck of Germany, agrees to pay $18.5 million to US and Texas to settle Medicaid fraud allegations; says company submitted false price information on its drugs and caused providers to submit inflated reimbursement claims (S)
Date: 11 June 2003
By Bloomberg News
Bloomberg News
Newell Rubbermaid Inc promotes Patrick Robinson to chief financial officer, succeeding William T Alldredge, who will retire at end of year (S)
Date: 11 June 2003
By Bloomberg News
Bloomberg News
Safeway Inc is eliminating about 13 percent of its administrative positions to lower costs; about 252 of 940 jobs being cut were open and will not be filled; more than 400 employees are laid off, while remaining will be terminated over next year (S)
Date: 11 June 2003
By Bloomberg News
Bloomberg News
NBTY Inc agrees to buy vitamin business Rexall Sundown from Royal Numico for $250 million; sale is expected to be completed in third quarter (S)