World Business Briefing | Europe: Britain: Reuters Leaves Fleet Street
Date: 24 September 2003
By Bloomberg News
Bloomberg News
Reuters Group will move from Fleet Street in London, where it has made its headquarters since start of World War II; will shift most of its London employees to Docklands in agreement with Canary Wharf Group in 2005 to save about 5 million pounds ($8.3 million) a year (S)
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Head of BSkyB Quits, With Murdoch's Son Possible Heir
Date: 24 September 2003
By Heather Timmons
Heather Timmons
British Sky Broadcasting Group announces resignation of chief executive Tony Ball, who will become consultant to News Corp, which owns 35 percent of BSkyB; move comes after week of speculation in British media that James Murdoch, son of News Corp chairman Rupert Murdoch, will become next head of satellite-television network; photo (M)
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The Presidential Bubble
Date: 25 September 2003
Editorial says country has chief executive who has embraced presidential bubble; cites suits filed against Bush administration by four progressive political groups, charging that Secret Service systematically keeps protesters away from Pres Bush's public appearances; says he also closes himself off from news media; says it is worrisome that Bush takes pains to insist that he gets his information on what world is saying not from newspapers or TV but only in predigested bits from his appointees; suggests that Bush burst bubble he has been inhabiting and take hard look at real world
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INTRODUCTION OF NOVARTIS PAINKILLER IS DELAYED
Date: 24 September 2003
By Bloomberg News
Bloomberg News
Novartis will not be able to introduce its Prexige painkiller in US before 2005 because Food and Drug Administration has requested more information; drug will compete with Pfizer Inc's Celebrex and Merck & Co's Vioxx (S)
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COURT BLOCKS SEVERANCE PAYMENT BY VIVENDI
Date: 25 September 2003
By Bloomberg News
Bloomberg News
Securities and Exchange Commission wins court order blocking $22.9 million severance payment to Vivendi Universal's former chief executive Jean-Marie Messier while agency investigates company; Federal Judge Kevin T Duffy bars Vivendi from transferring money to Messier, ordering company to put payment in escrow account (S)
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McDONALD'S PLANS 25 MORE RESTAURANTS IN RUSSIA
Date: 24 September 2003
By Bloomberg News
Bloomberg News
McDonald's Corp will open 25 restaurants in Russia next year (S)
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JETBLUE SUED OVER RELEASE OF PASSENGER DATA
Date: 24 September 2003
By Bloomberg News
Bloomberg News
JetBlue Airways Corp is sued in state court in Salt Lake City and federal court in Los Angeles for disclosing passenger information to Torch Concepts, Defense Department contractor; suit seeks class-action status to represent other passengers whose names, addresses, phone numbers and flight itineraries were disclosed to Torch (S)
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WALTER INDUSTRIES SELLS UNIT TO OXBOW CARBON
Date: 24 September 2003
By Bloomberg News
Bloomberg News
Walter Industries agrees to sell its industrial materials unit to Oxbow Carbon and Minerals for $127.7 million (S)
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HOME DEPOT IS PLANNING SECOND STORE IN MANHATTAN
Date: 24 September 2003
By Bloomberg News
Bloomberg News
Home Depot Inc plans to open store on Third Avenue between 58th and 59th Streets in mid-2004 (S)
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A. O. SMITH SHARES FALL ON PROFIT WARNING
Date: 25 September 2003
By Bloomberg News
Bloomberg News
A O Smith Corp cuts its profit forecasts for third quarter and 2003, setting off 14 percent decline in its share price (S)
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