I.B.M. AND REALNETWORKS TO INTEGRATE SOFTWARE
Date: 10 January 2004
By Bloomberg News
Bloomberg News
International Business Machines and RealNetworks Inc are collaborating on new programs for selling Internet-based audio and video services; will combine two companies' software to allow users access to such media as Internet-based television and digital music (S)
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WESTPOINT STEVENS WILL CLOSE 4 FACTORIES
Date: 10 January 2004
By Bloomberg News
Bloomberg News
WestPoint Stevens Inc to close four factories and cut 975 jobs beginning in mid-March; company filed for bankruptcy protection in June (S)
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VITAL IMAGES LOWERS ESTIMATE OF EARNINGS
Date: 10 January 2004
By Bloomberg News
Bloomberg News
Vital Images Inc, maker of medical-imaging software, lowers earnings estimate for 2003 because of slower-than-expected sales in fourth quarter; acquires HInnovation Inc, maker of software that allows doctors to view medical images over Internet, for $12 million in stock and cash and as much as $6 million in payments if certain goals are met (S)
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STRIKES MAY LOWER PACIFICARE'S EARNINGS
Date: 10 January 2004
By Bloomberg News
Bloomberg News
Strikes by employees of several California grocery stores might have adverse effect on earnings of Medicare health plan operator PacifiCare Health Systems Inc; PacifiCare insures 48,000 United Food and Commercial Workers members who have gone on strike since October, and provides drug prescription services to an additional 200,000 striking union workers (S)
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CHAPMAN CAPITAL CONSIDERS LEADING BUYOUT OF FOOTSTAR
Date: 09 January 2004
By Bloomberg News
Bloomberg News
Footstar shareholder Chapman Capital is interested in leading group to buy company for $8 per share, valuing Footstar at $161 million; Chapman also wants Footstar to replace its chief executive Neele E Stearns Jr (S)
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BARNES & NOBLE RAISES BID ON REMAINDER OF INTERNET UNIT
Date: 09 January 2004
By Bloomberg News
Bloomberg News
Barnes & Noble acquires remaining shares of its Internet unit Barnes & Noble.com for about $150 million in cash, raising previous offer by $35 million; unit will become subsidiary of Barnes & Noble (S)
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RITE AID REASSIGNS EXECUTIVE BECAUSE OF S.E.C. TALKS
Date: 10 January 2004
By Bloomberg News
Bloomberg News
Rite Aid reassigns chief financial officer Chris Hall because he is in settlement talks with Securities and Exchange Commission over accounting probe at his former employer Ralphs Grocery; Hall is named senior vice president for real estate and planning; is replaced by John T Standley (S)
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F.D.A. SEEKS MORE TESTING FOR BIOPURE BLOOD SUBSTITUTE
Date: 09 January 2004
By Bloomberg News
Bloomberg News
Biopure, unprofitable biotechnology company developing human blood substitute Hemopure, says Food and Drug Administration has asked for more testing before product can be approved (S)
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MEDIMMUNE SAYS CHIEF FINANCIAL OFFICER HAS LEFT
Date: 09 January 2004
By Bloomberg News
Bloomberg News
MedImmune's chief financial officer Gregory S Patrick resigns; controller Lota S Zoth will be acting chief financial officer (S)
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INSTINET SAYS IT WILL LAY OFF 185 WORKERS IN A REVAMPING
Date: 09 January 2004
By Bloomberg News
Bloomberg News
Electronic stock brokerage firm Instinet Group will lay off 185 employees, or 15 percent of its work force, and reduce office space because of its decision to split company's operations (S)
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