MAXIM GETS F.D.A. APPROVAL FOR MELANOMA DRUG
Date: 15 April 2004
By Bloomberg News
Bloomberg News
Maxim Pharmaceuticals Inc, which is developing cancer treatments, receives Food and Drug Administration approval to provide experimental medicine Ceplene to patients with melanoma; FDA clears Ceplene for use with interleukin-2 medicines made by Chiron and Schering-Plough (S)
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STEEL DYNAMICS SAYS PROFIT WILL EXCEED ESTIMATES
Date: 16 April 2004
By Bloomberg News
Bloomberg News
Steel Dynamics Inc says second-quarter profit will rise to as much as 90 cents a share, higher than analysts' estimates (S)
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WORLDCOM PLANS TO EXIT BANKRUPTCY PROTECTION TUESDAY
Date: 16 April 2004
By Bloomberg News
Bloomberg News
WorldCom Inc, which filed biggest bankruptcy in US history in 2002, plans to exit court protection April 20 (S)
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AVISTA CLEARED OF AIDING ENRON PRICE MANIPULATION
Date: 15 April 2004
By Bloomberg News
Bloomberg News
Avista Corp is cleared by Federal Energy Regulatory Commission of accusations that it helped Enron Corp manipulate power prices during California energy crisis of 2000 and 2001 (S)
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PEPSICO HAS BIGGEST INCREASE IN SALES IN 2 YEARS
Date: 16 April 2004
By Bloomberg News
Bloomberg News
PepsiCo Inc says first-quarter earnings rose 15 percent, to $804 million; revenue rose 11 percent, to $6.13 billion (S)
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U-HAUL PARENT SETTLES WITH I.R.S. FOR BIG TAX REFUND
Date: 15 April 2004
By Bloomberg News
Bloomberg News
Amerco Inc, parent of U-Haul International truck-rental business, says it avoided paying as much as $93 million in additional tax by settling dispute with Internal Revenue Service; will get net refund of $6.5 million as result of settlement (S)
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S. & P. RAISES DEBT RATING FOR YUM BRANDS TO BBB-
Date: 15 April 2004
By Bloomberg News
Bloomberg News
Debt rating of Yum Brands Inc, operator of Taco Bell, KFC and Pizza Hut restaurants, is raised to investment grade by Standard & Poor's (S)
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CIT TO BUY LEASING UNIT FROM GATX FOR ABOUT $200 MILLION
Date: 16 April 2004
By Bloomberg News
Bloomberg News
CIT Group acquires GATX Corp's technology-leasing unit for about $200 million in cash and undisclosed debt (S)
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World Business Briefing | Europe: Britain: Canary Wharf Bidding
Date: 16 April 2004
By Bloomberg News
Bloomberg News
Canada's Brascan Corp and group led by Morgan Stanley revise their bids on second day of auction for Canary Wharf Group, which has been subject of 1.7 billion pound ($3 billion) bidding war since June; Morgan Stanley amends rights to stock portion of its 1.7 billion bid, while Brascan, backed by Canary Wharf's founder Paul Reichmann, makes more shares available for investors in its 1.6 billion pound offer; each bidder leaves total value of its offer unchanged (S)
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NEWS SUMMARY
Date: 16 April 2004
INTERNATIONAL A3-10 Premise of U.N. Proposal For Iraq Supported by Bush The Bush administration accepted the outlines of a United Nations proposal to dissolve the Iraqi Governing Council installed last year by the United States and replace it with a caretaker government when Iraqi sovereignty is restored on July 1. A1
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