AUSTRALIANS TO INVESTIGATE BERKSHIRE UNIT
Date: 15 April 2005
By Bloomberg News
Bloomberg News
General Reinsurance Australia, unit of Berkshire Hathaway, will be investigated by Australian regulators examining reinsurance policies disguised as loan to prop up earnings; Estelle Pearson of Finity Consulting is hired to investigate General Re's complex financial products (S)
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NEWALLIANCE BANCSHARES TO BUY CORNERSTONE BANCORP
Date: 14 April 2005
By Bloomberg News
Bloomberg News
NewAlliance Bancshares agrees to buy Cornerstone Bancorp for $49 million in cash or stock to add branches in southwestern part of Connecticut (S)
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UNIT OF PARMALAT THAT SELLS MILK EXITS BANKRUPTCY
Date: 15 April 2005
By Bloomberg News
Bloomberg News
US unit of Parmalat Finanziaria exits bankruptcy with plan to continue selling milk in New York, New Jersey and Michigan (S)
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INSPECTOR GENERAL TO REVIEW THREE BOEING CONTRACTS
Date: 15 April 2005
By Bloomberg News
Bloomberg News
Three space program contracts in which Boeing Co either shares work with Lockheed Martin Corp or its prime contractor will be reviewed by Pentagon's inspector general to ensure that they were not tainted from actions by former Air Force acquisition official, Darleen A Druyun, who was convicted of federal conflict-of-interest laws (S)
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SOUTHWEST AIRLINES QUARTERLY PROFIT NEARLY TRIPLED
Date: 15 April 2005
By Bloomberg News
Bloomberg News
Southwest Airlines says first-quarter profit almost tripled; net income rose to $76 million from $26 million year earlier; sales rose 12 percent, to $1.66 billion (S)
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F.D.A. APPROVES BOSTON SCIENTIFIC'S STENT SYSTEM
Date: 15 April 2005
By Bloomberg News
Bloomberg News
Boston Scientific Corp says Food and Drug Administration has approved delivery system company plans to use with its next generation of stents; agrees to buy 46 percent of Rubicon Medical Corp, maker of medical devices, for about $71.7 million (S)
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LIONS GATE TO SPIN OFF CANADIAN DISTRIBUTION UNIT
Date: 14 April 2005
By Bloomberg News
Bloomberg News
Lions Gate Entertainment will spin off its Canadian distribution unit into new company called Maple Pictures in plan to cut costs; Brad Pelman and Laurie May, who have served as executives of Lions Gate, will lead Maple Pictures; Pelman and May, along with two undisclosed Canadian private equity firms, will be shareholders in new company; Lions Gate will hold minority stake (S)
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Debate Rekindles Over Government-Produced 'News'
Date: 15 April 2005
By Anne E. Kornblut and David Barstow
Anne Kornblut
A California Democrat accused the Bush administration on Thursday of failing to cooperate fully with the inspector general at the Education Department in an investigation of the government's hiring of Armstrong Williams, a prominent conservative commentator, to promote the president's signature education legislation. The comments of the Democrat, Representative George Miller of California, came as the Federal Communications Commission and the Senate stepped into a second controversy over the public relations policies of the Bush administration, and moved toward strengthening the rules that govern how video news releases are produced and broadcast.
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F.C.C. Denies Waiver for Tribune Company
Date: 14 April 2005
By Bloomberg News
Bloomberg News
Federal Communications Commission denies request for permanent waiver of media ownership rules that would allow Tribune Co to own both Hartford Courant newspaper and WTXX-TV in Waterbury, Conn; extends temporary waiver, noting that Tribune has been trying unsuccessfully to sell television station (S)
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Kay Gardella, 82, Daily News TV Critic, Dies
Date: 15 April 2005
Kay Gardella, Daily News columnist and television critic, dies at age 82 (S)
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